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December 05, 2023
Hanwha sets W1.4tr goal in battery equipment sales by 2027
...ng process to set it apart from that of Tesla. Additionally, Hanwha plans to set up a complete turnkey production line for all-solid-state batteries by 2028, having already provided a pilot line to LG Energy Solution. The company is also addressing the challenges associated with silic...
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December 03, 2023
LG Energy Solution CEO emphasizes qualitative growth
Kim Dong-myung, the newly appointed CEO of South Korean battery giant LG Energy Solution, on Friday vowed to execute winning strategies to lead qualitative growth and create a professional culture aimed at achievement. “If the past three years were the era of LG Energy Solutio...
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December 03, 2023
LG Display's new CEO aims for turnaround
LG Display's newly appointed chief executive officer Jeong Cheol-dong emphasized the importance of improving performance for turnaround as he begins his official duty Friday. "Getting out of the red..., Jeong formerly served as the president of LG Innotek, an electronic compone...
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November 30, 2023
Corporate Korea explores new opportunities in Expo bid
...eve vehicle automation, Hyundai also utilized the campaign to reach out to countries that have not fully begun the automation transformation to set up charging infrastructure for electric vehicles. LG Group Chairman Koo Kwang-mo rearranged his plans for business meetings and a company ...
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November 29, 2023
LG Electronics CEO to present AI vision at CES
LG Electronics CEO Cho Joo-wan will lay out the blueprints for the home appliance giant’s vision and innovation in artificial intelligence-based future growth a day ahead of the opening of the Consum...$77.3 billion) by 2030, from around 65 trillion won last year. In addition to Cho’s ...
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November 28, 2023
Posco to start search for new chief
...he board in March next year. Currently, Kim Hak-dong, CEO of Posco, the group's flagship steel-making unit, and Jeong Tak, CEO of Posco International, its trading and energy unit, are considered key candidates among the group’s top executives. Kwon Young-soo, former CEO of LG Energy S...
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November 27, 2023
LG, UNESCO partner to promote AI ethics
LG AI Research, LG Group's artificial intelligence think tank, said Sunday it has signed a letter of intent with UNESCO in Seoul to jointly foster knowledge and awareness of the ethics of AI. LG highlighted the agreement as the first of its kind, where UNESCO has part...
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November 27, 2023
[Hello Indonesia] Hyundai Motor vows to steer Indonesia's transition to EVs
...tiveness and innovative DNA in terms of products and customer experiences,” said Lee. The automaker is constructing ASEAN’s first complete EV chain as it is building a joint battery cell plant with LG Energy Solution in Kawarang New Industry City in the Indonesian province of West Ja...
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November 26, 2023
LG infuses year-end reshuffle with younger fresh blood, focuses on performance
LG Group, the country’s fourth-largest conglomerate, announced its year-end executive reshuffle on Friday, seeking to infuse the top brass with younger blood. From Wednesday to Friday, affiliates of... team the LG Twins winning their first Korean Series championship in 29 year...
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November 24, 2023
Kim Sung-hwan tapped as Korea Investment & Securities CEO
...ts brokerage subsidiary Korea Investment & Securities, as the final candidate for the brokerage firm’s CEO position. Kim, born in 1969, joined Korea Investment & Securities in 2004 after working at LG Investment & Securities for about three years. He is recognized for his expertise in...
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November 24, 2023
LG Display appoints LG Innotek chief as new CEO
LG Display appointed Jeong Cheol-dong, currently LG Innotek president as its new chief executive officer in a regular reshuffle on Thursday. The display panel maker said its board of directors appointed Jeong, an LG veteran who has served at a number of LG G...
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November 24, 2023
Top conglomerates to start executive reshuffles
...are set to carry out regular reshuffle of executives to gear up for the coming year, starting with LG Group this week. Samsung Electronics, SK Group and Hyundai Motor Group, the top three conglomerat... LG Chem carried out reshuffles the day before. The remaining LG...
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November 23, 2023
LG Energy Solution names new CEO to propel growth
With the upcoming leadership reshuffle, Kwon, an LG veteran who has led several key affiliates, including LG Display and LG Uplus, will be leaving after 44 years of service at the nation’s fourth-largest conglomerate. In 2018 when Chairman Koo Kwang-mo took the top s...
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November 22, 2023
LG Chem boosts diverse ESG campaigns
South Korea’s largest chemical firm LG Chemical is ramping up efforts in social contribution projects as part of its ongoing environment, social, and corporate governance campaign. In August 2020, L...ctively recruiting and fostering teen activists to conserve the biodiversity of Bamseo...
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November 22, 2023
Samsung retains No. 1 spot in TV sales; LG tops OLED market
LG Electronics secured the top position in the global OLED market for 11 consecutive years, selling 2.03 million units accumulated from January to September. The number of units accounted for a 55 percent share in terms of shipments, according to Omdia. According to LG, the dem...
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November 21, 2023
Samsung chief departs for Europe
...ad to a leadership vacuum for the global tech giant. Lee is taking part in the presidential economic delegation involving other conglomerate chiefs including Hyundai Motor Chairman Chung Euisun and LG Group Chairman Koo Kwang-mo. SK Group Chairman Chey Tae-won, who doubles as the head ...
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November 21, 2023
Samsung chief departs for Europe
...ad to a leadership vacuum for the global tech giant. Lee is taking part in the presidential economic delegation involving other conglomerate chiefs including Hyundai Motor Chairman Chung Euisun and LG Group Chairman Koo Kwang-mo. SK Group Chairman Chey Tae-won, who doubles as the head ...
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November 17, 2023
[Herald Interview] Lotus bets big on Korea’s luxury car market
...charge from 10 to 80 percent in 20 minutes. Highlighting the company’s bases worldwide in the UK, Germany and China, Balmer said, “The company is open to working with Korean battery companies (like LG Energy Solution, Samsung SDI and SK On,) as part of our plan to further accelerate ...
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November 17, 2023
LG to debut EV chargers in US next year
LG Electronics will make its official debut in the US electric vehicle charger market with its own slow and rapid charger models, the tech giant said Thursday. The company plans to roll out an 11-ki...ted charging solutions," Seo Heung-kyu, senior vice president in charge of EV charging ...
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November 16, 2023
Google offers data residency for Korean corporate clients
...ce has not yet been disclosed, the cloud service provider has supported accelerating customers’ content creation, process automation and information organization, while its key local clients include LG AI Research, Kakao Brain, Samsung Electronics, Kia and Korean Air, according to the ...