LG CNS AI services
Scope
Date
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Cloud providers
Naver Cloud looks to join AWS, Microsoft as Asia's top cloud service provider
South Korea-based Naver Cloud Corp. is determined to become one of the key cloud service providers in Japan and Southeast Asian markets, following o...
Sep 16, 2021 (Gmt+09:00)
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Robotics
KT, Samsung Medical Center extend ties in building robot-driven hospitals
KT Corp. and Samsung Group’s medical facility Samsung Medical Center (SMC) have made another step forward in creating a next-generation hospit...
Sep 16, 2021 (Gmt+09:00)
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Future mobility
SK's car-sharing service SoCar Malaysia sees valuation top $210 mn
Car-sharing platform SoCar Mobility Malaysia has raised around 65 billion won ($55.6 million) from South Korean private equity firm EastBridge Partn...
Sep 16, 2021 (Gmt+09:00)
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Batteries
Hyundai, LG Energy break ground on $1.1 bn Indonesia battery plant
Hyundai Motor Co. and LG Energy Solution Ltd. have begun construction of a $1.1 billion battery cell plant in Indonesia as the two South Korean comp...
Sep 15, 2021 (Gmt+09:00)
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Chemical Industry
LG Chem, ADM to build JV in US to produce bioplastics made from corn
South Korea’s LG Chem Ltd. said on Tuesday it is jointly building a corn-based bioplastic plant in the US with Archer Daniels Midland Co., a g...
Sep 14, 2021 (Gmt+09:00)
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Korean startups
Laundrygo raises over $40 mn from SoftBank Ventures, Altos Ventures
South Korea’s first contactless laundry service startup Laundrygo has raised 50 billion won ($43 million) in a follow-on investment from inves...
Sep 08, 2021 (Gmt+09:00)
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E-commerce
Amazon Global Store shakes up S.Korea’s e-commerce scene
Amazon Global Store posted a stellar first-week performance in South Korea. The service, launched at the end of August on SK Telecom Co.’s onl...
Sep 08, 2021 (Gmt+09:00)
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Carbon neutrality
S.Korea to allow brokerages to trade carbon credits
Financial services companies, including brokerage firms, will be able to participate in South Korea's carbon emission trading market by year's end a...
Sep 08, 2021 (Gmt+09:00)
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Artificial intelligence
S.Korea kicks off AI strategy talks with Naver, Kakao, Samsung, telcos
South Korean government has hosted the first top-level artificial intelligence (AI) roundtable meeting with representatives from the country’s...
Sep 08, 2021 (Gmt+09:00)
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Debt financing
LG set to fund OLED plant expansion with over $400 mn in new bonds
LG Display Co. will likely raise around 500 billion ($430 million) in new bond issues, more than its planned 300 billion won, to finance the expansi...
Sep 07, 2021 (Gmt+09:00)
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Tech, Media & Telecom
LG Chem unveils new cover window technology for foldable devices
LG Chem Ltd., the chemical unit of South Korea’s LG Group, said on Tuesday it has developed a new cover window that folds both ways – in...
Sep 07, 2021 (Gmt+09:00)
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Korean chipmakers
LG Innotek, Samsung Electro-Mechanics benefit from wafer shortage
South Korea’s semiconductor substrate producers including LG Innotek and Samsung Electro-Mechanics are benefiting as a global wafer shortage...
Sep 06, 2021 (Gmt+09:00)
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Artificial intelligence
KT to commercialize hyperscale AI model by H1 2022
South Korea’s major mobile carrier KT Corp. and the AI One Team coalition announced plans last week to develop a hyperscale artificial intelli...
Sep 03, 2021 (Gmt+09:00)
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Electronics
Samsung, LG see largest surge in TV prices in decade
Lee Ji-eun, a 30-year-old bride-to-be, was surprised at the prices of liquid-crystal display (LCD) TVs when she visited a home appliance store in ...
Sep 03, 2021 (Gmt+09:00)
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Private equity
Permira targets growth firms in high valuation markets
London-based private equity firm Permira will maintain its focus on high-quality companies and sector leaders with strong growth potential as valuat...
Sep 03, 2021 (Gmt+09:00)
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Energy
LG Chem to set up next-generation bio-oil plant in Korea
South Korea’s LG Chem Ltd. plans to build a next-generation bio-oil plant in the country with a local biodiesel company as the petrochemical m...
Sep 02, 2021 (Gmt+09:00)
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EV Batteries
LG Energy Solution, SK Innovation raise global battery market shares
LG Energy Solution Ltd. and SK Innovation Co. expanded global battery market shares, leading steady growth in South Korea’s battery industry.S...
Sep 01, 2021 (Gmt+09:00)
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Electronics
LG Electronics leads industry shift toward OLED TVs
LG Electronics Inc., one of the world’s largest TV makers, is leading the TV industry’s shift toward organic light-emitting diode (OLED)...
Sep 01, 2021 (Gmt+09:00)
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Batteries
Samsung SDI tops LG Chem in market cap amid GM recall crisis
Samsung SDI Co. has become South Korea’s top battery maker in terms of market capitalization. The company is now ranked as the sixth-largest f...
Aug 31, 2021 (Gmt+09:00)
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Future mobility
Hyundai Motor, Motional unveil IONIQ 5 self-driving robotaxi
South Korea’s top automaker Hyundai Motor Co. and its US mobility joint venture Motional Inc. on Tuesday unveiled their first autonomous robot...
Aug 31, 2021 (Gmt+09:00)
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IPOs
LG delays decision on battery unit IPO to Q4
LG Chem Ltd.’s battery unit LG Energy Solution Ltd. will not be listed on Kospi within the third quarter. Investors are keeping close eyes on ...
Aug 30, 2021 (Gmt+09:00)
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Electronics
LG Electronics scores big in first-half US OLED TV market share
LG Electronics Inc., one of the world’s largest TV makers, saw its market share grow rapidly in North America with its market share rising abo...
Aug 30, 2021 (Gmt+09:00)
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Korean startups
3i's AI technology creates digital twins using smartphone photos
Innovating industrial plants is often a difficult decision-making process for companies because changing a single piece of equipment requires a thor...
Aug 24, 2021 (Gmt+09:00)
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Electronics
Samsung, LG to showcase latest display innovations at IMID
South Korea’s largest display maker Samsung Display Co. and its rival LG Display Co. will boast their latest product innovations at the Intern...
Aug 24, 2021 (Gmt+09:00)
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Korean startups
AI edtech startup KidsLoop joins unicorn club
Artificial intelligence-based education is similar to self-driving cars, which select the optimal transportation routes for their drivers, according...
Aug 23, 2021 (Gmt+09:00)
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Batteries
Shares of LG Chem, LG Electronics tumble on GM EV recall
Shares of LG Chem Ltd. and LG Electronics Inc. fell sharply on Monday in Seoul following General Motors Co.’s announcement on Friday that it w...
Aug 23, 2021 (Gmt+09:00)
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Mobile networks
LG Elec takes quantum leap in 6G with THz band breakthrough
LG Electronics Inc. has made a breakthrough in next-generation networks by transferring wireless 6G terahertz (THz) data over a 100-meter distance i...
Aug 20, 2021 (Gmt+09:00)
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Mobile networks
LG Elec takes quantum leap in 6G with new THz band milestone
LG Electronics Inc. has made a new breakthrough in next-generation networks by transferring wireless 6G terahertz (THz) data over a 100-meter distan...
Aug 20, 2021 (Gmt+09:00)
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Electronics
LG Electronics postpones 42-inch OLED Gaming TV launch to early 2022
LG Electronics Inc., one of the world’s largest TV makers, plans to launch the much-anticipated 42-inch organic light-emitting diode (OLED) TV...
Aug 19, 2021 (Gmt+09:00)
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Corporate investment
LG Chem to spend $2.2 billion to build 10 new eco-friendly factories
LG Chem Ltd., South Korea’s top chemical maker, said on Thursday it is spending 2.6 trillion won ($2.2 billion) to strengthen its green busine...
Aug 19, 2021 (Gmt+09:00)
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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