LG CNS AI business
Scope
Date
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Artificial intelligence
LG takes over controlling stake in US TV data analysis firm Alphonso
South Korea’s LG Electronics Inc. has acquired a controlling stake in US-based TV data analysis startup Alphonso Inc. to strengthen its softwa...
Jan 07, 2021 (Gmt+09:00)
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Rubber business disposal
Japan’s JSR reaches out to Lotte, LG for sale of synthetic rubber business
Japan’s JSR Corp. is reaching out to Korean chemical companies to dispose of its synthetic rubber business and focus instead on semiconductor ...
Jan 06, 2021 (Gmt+09:00)
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Future mobility
LG Electronics, Magna to launch $1 bn EV gear JV
LG Electronics Inc. and Magna International Inc. will form a $1 billion joint venture to build electric car components as the tech companies tap int...
Dec 23, 2020 (Gmt+09:00)
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Energy
Hanwha Solutions to raise $1 bn to boost eco-friendly energy businesses
Hanwha Solutions Corp. is preparing to raise 1.2 trillion won ($1.1 billion) through rights issues to shore up new growth drivers, particularly it...
Dec 22, 2020 (Gmt+09:00)
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Energy
S-Oil to speed up push into chemical business
S-Oil Corp., 63.4% owned by Saudi Aramco, will more than double its petrochemical production capacity over the next decade to further expand beyond ...
Dec 21, 2020 (Gmt+09:00)
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Batteries
LG Energy Solution, Indonesia sign MOU on battery cooperation
LG Energy Solution, the battery unit of LG Chem Ltd., has signed a memorandum of understanding with the Indonesian government’s investment aut...
Dec 18, 2020 (Gmt+09:00)
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Shareholder activism
US hedge fund Whitebox Advisors opposes LG’s planned spin-off
Whitebox Advisors LLC, a US-based hedge fund, opposes a planned spin-off by South Korea’s LG Corp., saying the plan sacrifices minority shareh...
Dec 15, 2020 (Gmt+09:00)
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Energy
LG Chem to power Wuxi plant with renewable energy bought from China
South Korea's LG Chem Ltd. says it will power its battery component plant in China with renewable energy as part of its goal to be carbon neutral by...
Dec 14, 2020 (Gmt+09:00)
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Darcy Paquet on Korean film
The art and business of the remake
A decade ago, if you dropped the word "remake" into conversation with someone who worked in the Korean film industry, a discussion might have ensued...
Dec 11, 2020 (Gmt+09:00)
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Regulations
Korea’s commercial law revisions irk businesses, limit top shareholders’ clout
The National Assembly on Wednesday passed a series of commercial law revisions designed to limit business owners’ clout and enhance supervisio...
Dec 10, 2020 (Gmt+09:00)
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Batteries
POSCO Chem becomes supplier for GM-LG Energy Solution JV
POSCO Chemical Co., a secondary battery materials unit under POSCO, saw its share price surge on announcing that it has secured a contract worth bil...
Dec 09, 2020 (Gmt+09:00)
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Korean stock market
Investors set sights on value stocks as LG Electronics’ shares soar
With South Korea’s stock market indexes at or near all-time highs, finding bargains in the market is a daunting task.Growth stocks such as bat...
Dec 08, 2020 (Gmt+09:00)
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In vitro diagnostics
Samsung hands over diagnostics business to local bio firm
Samsung Electronics Co. has agreed to hand over the business rights for its in vitro diagnostics (IVD) unit to a South Korean bio company as part ...
Dec 07, 2020 (Gmt+09:00)
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Artificial intelligence
LG launches AI research think tank for digital transformation
LG Electronics Inc. has launched LG AI Research, an artificial intelligence think tank dedicated to securing AI technology, to further aid the gro...
Dec 07, 2020 (Gmt+09:00)
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ESG management
SK to create $27 bn in addt'l net asset value via hydrogen business
SK Holdings Co., the holding company of South Korean conglomerate SK Group, aims to be at the forefront of the country's hydrogen ecosystem as part ...
Dec 02, 2020 (Gmt+09:00)
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Executive reshuffles
Samsung promotes young executives to lead memory, foundry businesses
Samsung Electronics Co. on Wednesday announced a leadership shuffle in its two key businesses – memory chips and foundry – as the South ...
Dec 02, 2020 (Gmt+09:00)
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Batteries
LG Chem launches battery unit LG Energy Solution, eyes 2024 sales of $27 bn
South Korea’s LG Chem Ltd. has officially launched its battery affiliate, LG Energy Solution, to carve out a greater share of the increasingly c...
Dec 01, 2020 (Gmt+09:00)
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Batteries
LG Chem, China’s CATL neck and neck in race for top battery player’s spot
Global competition for the world’s top spot for the manufacture of electric-vehicle batteries is getting fiercer as major players in South Kor...
Nov 29, 2020 (Gmt+09:00)
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Leadership & Management
LG to hive off trading, four other units into new group
South Korea’s fourth-largest conglomerate LG Group will split off its trading arm LG International Corp. and four other non-core units into a ...
Nov 26, 2020 (Gmt+09:00)
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Cloud computing
NHN, Intel team up to take on cloud business
South Korean IT heavyweight NHN Corp. and US-based tech giant Intel Corp. have entered into a strategic partnership to boost their presence in the c...
Nov 26, 2020 (Gmt+09:00)
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Batteries
LG Chem beats CATL, Panasonic to supply batteries for Tesla’s Model Y SUV
South Korea’s LG Chem Ltd. will supply batteries to US electric vehicle giant Tesla Inc. for its latest mid-size SUV Model Y, to be manufact...
Nov 20, 2020 (Gmt+09:00)
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Lady Gaga lights up LG screen in Times Square
Pop diva Lady Gaga’s '911' music video brightened up New York’s Times Square on Nov. 18. The video was played on LG Electronics’...
Nov 19, 2020 (Gmt+09:00)
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Underwater cables
Rising demand for underwater cables keeps LS Cable busy round the clock
DONGHAE, Gangwon Province -- On a winter’s day in Donghae, Gangwon Province, some 250 km northeast of Seoul, LS Cable & System Ltd. wor...
Nov 18, 2020 (Gmt+09:00)
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Leadership & Management
LG Group ex-chair eyes spin-off of trading, logistics units
LG Group’s ex-Vice Chairman and senior advisor Koo Bon-joon is in talks to take the trading arm LG International Corp. and other non-core units ...
Nov 16, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air, Asiana may merge MRO businesses after spin-off
South Korea’s two largest airliners, Korean Air Lines Co. and Asiana Airlines Inc., may combine their airplane repair and maintenance businesses...
Nov 13, 2020 (Gmt+09:00)
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Electric vehicles
Hyundai Motor, SP Group to expand EV battery business in Singapore
Hyundai Motor Co. is seeking to expand its electrice vehicle battery business in Southeast Asia in cooperation with Singapore’s state-run utilit...
Nov 12, 2020 (Gmt+09:00)
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Future mobility
Hyundai Motor may buy Boston Dynamics to bolster robotics business
Hyundai Motor Co. may acquire Boston Dynamics Inc., a US-based robotics company, from Japan’s SoftBank Group Corp. in a deal worth as much as $1...
Nov 10, 2020 (Gmt+09:00)
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Future mobility
Bluespace.ai to develop autonomous mass transit system in Seoul
Bluespace.ai, a San Jose-based autonomous driving startup, is looking to develop a software system for autonomous mass transit fleets in Seoul and its...
Nov 09, 2020 (Gmt+09:00)
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Biomaterials
LG Chem, Neste join forces to make bio-based synthetic resins
LG Chem Ltd. plans to produce synthetic resins such as polyolefin, polycarbonate and polyvinyl chloride, using biomaterials from Finland's diesel prod...
Nov 05, 2020 (Gmt+09:00)
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Batteries
NPS dumps $265 mn LG Chem shares after spin-off announcement
The National Pension Service, the No. 2 shareholder in South Korea's LG Chem Ltd., has sold off around 300 billion won ($265 million) worth of shares ...
Nov 05, 2020 (Gmt+09:00)
Latest News
- 1 LG to invest $762 mn in webOS to transform into platform-based tech giant
- 2 S.Korea to offer incentives to attract foreign scientists
- 3 Vinyl boom shows no sign of abating in South Korea
- 4 Uniqlo expands in Korea as No-Japanese boycott wanes
- 5 Seoul rejects Elliott’s $20 mn claim against Samsung C&T