LG Group
Scope
Date
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Tech, Media & Telecom
LG ends XR partnership with Meta; Amazon emerges as new partner
South Korean tech giant LG Electronics Inc. has ended its extended reality (XR) partnership with Meta Platforms Inc. three months after they agreed ...
16 HOURS AGO
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Batteries
LG Energy wins estimated $1 bn ESS battery deal from Qcells
LG Energy Solution Ltd., the world’s third-largest battery maker, won an estimated $1 billion energy storage system (ESS) deal from the US uni...
May 17, 2024 (Gmt+09:00)
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K-pop
NewJeans' Ditto hits 600 mn streams on Spotify
Ditto by K-pop girl group NewJeans has surpassed 600 million streams on Spotify.Spotify, the world's largest music streaming platform, announced on ...
May 17, 2024 (Gmt+09:00)
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Artificial intelligence
LG to showcase Google AI-enabled home robots in June
LG Electronics Inc., South Korea’s top home appliances maker, will unveil home robots featuring Google’s generative artificial intellige...
May 14, 2024 (Gmt+09:00)
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Metaverse
LG Uplus unveils Yonsei Univ. Metaverse Campus
South Korea's LG Uplus Corp. announced on Tuesday that its university metaverse platform Uverse unveiled a dedicated metaverse campus called Meta Yo...
May 14, 2024 (Gmt+09:00)
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Corporate governance
Hanmi to fire founder's wife, entering new round of family feud
South Korea’s Hanmi Pharmaceutical Group is set to enter a new chapter of an ongoing family feud less than two months after the founding famil...
May 13, 2024 (Gmt+09:00)
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Automobiles
LG Innotek's Nexlide celebrates its 10th anniversary
South Korea's LG Innotek announced on Monday that it will accelerate its global expansion into the automotive lighting market to commemorate the 10t...
May 13, 2024 (Gmt+09:00)
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Automobiles
Hyundai beats Volkswagen with world's 2nd-largest Q1 profits
South Korea's Hyundai Motor Group surpassed Volkswagen Group to claim the second-highest operating profit in the global automotive industry for the ...
May 13, 2024 (Gmt+09:00)
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Travel & Leisure
Chinese group tours to Korea poised for strong revival
Chinese group tours to South Korea are showing signs of a rebound, about 10 months since Beijing lifted its bans on Chinese group tours to Seoul las...
May 09, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor Group has most IIHS ROP top safety pick cars
Hyundai Motor Group announced on Friday that the Hyundai Motor Co.'s IONIQ 5 achieved the highest rating of "Top Safety Pick Plus" (TSP+) in crash t...
May 03, 2024 (Gmt+09:00)
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Chemical Industry
LG Chem, Saudi’s Alkhorayef join hands for seawater project
LG Chem Ltd. on Wednesday signed an agreement with Saudi Arabia’s Alkhorayef Group to build a water treatment plant in the Middle Eastern nati...
May 01, 2024 (Gmt+09:00)
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Earnings
LG Chem displays bright outlook after loss in first quarter
LG Chem Ltd., the parent of the world's second-largest battery maker LG Energy Solution Ltd., expects its business will improve in upcoming quarters...
Apr 30, 2024 (Gmt+09:00)
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Chemical Industry
LG Chem to supply switchable glass films to Webasto
LG Chem Ltd. is venturing into the automotive smart glass film market as it has won an order to supply its switchable glazing films to German auto p...
Apr 29, 2024 (Gmt+09:00)
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Electric vehicles
Kakao joins hands with LG Uplus to enter EV charger market
Kakao Mobility Corp., South Korea’s largest taxi-hailing platform, is set to make inroads into the electric vehicle charging market by setting...
Apr 29, 2024 (Gmt+09:00)
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Energy
Malaysia, OCI’s base set to beat Chinese polysilicon rivals
SARAWAK, Malaysia – OCI Group, South Korea’s leading chemical and green energy conglomerate, is expanding its polysilicon facility in Ma...
Apr 29, 2024 (Gmt+09:00)
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Electronics
LG Electronics hosts 'LG Showcase 2024' in UAE
LG Electronics Inc. announced on Friday that it hosted a new product showcase event called "LG Showcase 2024" in Abu Dhabi, United Arab Emirates, fr...
Apr 26, 2024 (Gmt+09:00)
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Electronics
LG’s washers selected as best by Consumer Reports
LG Electronics Inc. swept the top three spots in the major categories of the US Consumer Reports Best Washing Machines of 2024 evaluation.The evalua...
Apr 25, 2024 (Gmt+09:00)
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Regulations
LG Energy vows to get tough on battery patent infringement cases
LG Energy Solution Ltd., the world’s second-largest battery maker in terms of sales after China’s CATL, said on Wednesday it will take s...
Apr 24, 2024 (Gmt+09:00)
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Earnings
Korean banking group's Q1 profits drop on ELS sales
The combined net profit at South Korea’s four largest financial services firms, including KB Financial Group, are estimated to have dropped ne...
Apr 23, 2024 (Gmt+09:00)
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Robotics
Kakao Mobility to offer robot delivery service with LG
Kakao Mobility Corp., South Korea’s most popular ride-hailing app operator, will offer indoor robot delivery service with self-driving robots ...
Apr 22, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Innotek, SK On win Edison Awards for second consecutive year
South Korea's LG Innotek and SK On have won the Edison Awards in the US for the second consecutive year. LG Innotek announced on April 21 that it r...
Apr 22, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Microsoft CEO to meet with Samsung, SK Hynix, LG, SK Telecom chiefs
Microsoft Corp.’s top executives will meet with leaders of South Korea’s four top technology companies next month to discuss ways to str...
Apr 22, 2024 (Gmt+09:00)
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Electric vehicles
Polestar 4 electric SUV coupe to hit South Korean roads in June
The Polestar 4 electric sport utility vehicle (SUV) coupe is set to make its debut in South Korea in June and targets deliveries from October, Swedi...
Apr 19, 2024 (Gmt+09:00)
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Electronics
LG Elec sees AI air conditioner sales 30% increase in Q1
LG Electronics Inc. announced on Friday that the sales of air conditioner models equipped with artificial intelligence (AI) features in the Whisen l...
Apr 19, 2024 (Gmt+09:00)
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Real estate
Hanjin KAL to sell Waikiki Resort Hotel to Sono for $101 mn
Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., is set to sell a 100% stake in its Hawaii-based subsidiary Wai...
Apr 19, 2024 (Gmt+09:00)
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Private equity
MBK eyes stake in Korean software developer Tmaxsoft
North Asia-focused private equity firm MBK Partners is eyeing shares of South Korean enterprise software developer Tmaxsoft Co. around two years aft...
Apr 18, 2024 (Gmt+09:00)
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Corporate strategy
Samsung shifts to emergency mode with 6-day work week for executives
Executives at all Samsung Group units will work six days a week from as early as this week in a shift to emergency mode. The move comes as the won's...
Apr 18, 2024 (Gmt+09:00)
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Artificial intelligence
LG Uplus to ramp up AI investment by up to 40% in 2024
SILICON VALLEY – LG Uplus Corp., the third-largest mobile carrier in South Korea seeking to transform into a platform company, will expand its...
Apr 18, 2024 (Gmt+09:00)
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Batteries
LG Chem, Korea Zinc JV to mass-produce EV battery materials
A joint venture between LG Chem Ltd. and Korea Zinc Inc. is slated to start the mass production of precursor, a key electric vehicle battery materia...
Apr 17, 2024 (Gmt+09:00)
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Electronics
LG to double global built-in appliance sales to $722 mn
MILAN, ITALY – LG Electronics Inc. eyes 1 trillion won ($722 million) in global built-in appliance sales in three years by winning the hearts ...
Apr 17, 2024 (Gmt+09:00)