LG Electronics sales
Scope
Date
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Korean SMEs
Camera module supplier Partron eyes record sales, considers affiliate IPO
South Korea’s Partron Co., specialized in electronic parts for telecommunication devices, started as a mobile phone antenna maker in 2003 afte...
Jun 04, 2021 (Gmt+09:00)
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Business & Politics
LG Electronics expands overseas appliance plants as it exits phone business
LG Electronics Inc. is expanding its overseas production facilities as the South Korean home appliance giant is shifting gears toward new growth dri...
Jun 02, 2021 (Gmt+09:00)
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Retail
Chanel, Hermes, LV raise prices in Korea, but sales remain strong
Luxury brands are hiking up prices in South Korea. Designers such as Hermes, Louis Vuitton and Chanel have increased their prices in Korea this year...
Jun 02, 2021 (Gmt+09:00)
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Cross-industry collaboration
HYBE x McDonald’s: The BTS Meal launches globally
McDonald’s has launched The BTS Meal on May 26 in the first selected group of 12 markets including Brazil, Canada and the US. The BTS meal is ...
May 27, 2021 (Gmt+09:00)
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Hydrogen economy
POSCO chairman: Future at stake without co's hydrogen push
Choi Jeong-woo, chairman of POSCO, South Korea’s largest steelmaker, said it’s no exaggeration to say that the company’s future is...
May 27, 2021 (Gmt+09:00)
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Korean stock market
LG Chem stock plunges -6.73%, worst dip since March
LG Chem Ltd. suffered a broad sell-off on May 26, with more than 4 trillion won ($3.6 billion) of its market cap vanishing in a single trading day, ...
May 26, 2021 (Gmt+09:00)
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Electronics
LG Electronics enjoys OLED TV boom with record Q1 shipments
South Korea’s LG Electronics Inc. is enjoying the growing popularity of organic light-emitting diode (OLED) TVs, posting a record shipment in ...
May 25, 2021 (Gmt+09:00)
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Beauty & Cosmetics
Korean medical cosmetics firms make big rebound in Q1
South Korean medical cosmetics companies that underwent a tough year in 2020 are posting rejuvenated earning results thanks to s rise in demand in E...
May 24, 2021 (Gmt+09:00)
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Mergers & Acquisitions
World's 1st e-sports channel OGN up for sale; valued at $8.9 million
OGN, a South Korean cable TV channel specialized in broadcasting video game-related content and e-sports matches, is up for sale.According to invest...
May 21, 2021 (Gmt+09:00)
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Water technology
LG Chem's water filter business thrives amid high demand in Middle East
LG Chem Ltd., the parent company of South Korea’s leading battery maker LG Energy Solution Co., is enjoying a strong rise in demand for its wa...
May 20, 2021 (Gmt+09:00)
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Artificial intelligence
LG Group to invest $106 mn in advanced AI tech development
South Korea’s LG Group will spend about 120 billion won ($106 million) over the next three years to establish a massive high-performance compu...
May 17, 2021 (Gmt+09:00)
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Korean chipmakers
Korean foundry firm DB HiTek sets new Q1 sales record
South Korea’s foundry company DB HiTek Co. has reported the highest quarterly revenue since its establishment in 1997. The company’s reg...
May 17, 2021 (Gmt+09:00)
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Deals
Biggest deal in Korea: Hanon Systems stake sale draws KKR, Carlyle, TPG
The sale process of a near-70% stake in South Korean auto parts supplier Hanon Systems Corp. has kicked off, attracting a pool of strategic investor...
May 16, 2021 (Gmt+09:00)
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ESG investment
LG Chem to invest $134 mn in incubator fund for firms with ESG tech
LG Chem Ltd., South Korea’s leading chemical and battery maker, said on Tuesday it is investing 150 billion won ($134 million) in an incubator...
May 11, 2021 (Gmt+09:00)
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Electronics
Samsung, LG go all out to lure adult gamers to LED TVs
Samsung Electronics Co. and LG Electronics Inc., South Korea’s two largest TV makers, are striving to attract gamers to their large-size LED T...
May 10, 2021 (Gmt+09:00)
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Steel
Color coated steel shines in style on Samsung, LG home appliances
At Dongkuk Steel Mill Co.’s main plant in Busan, some 430 km southeast of Seoul, huge rollers churning out colorful sheets never stop except w...
May 09, 2021 (Gmt+09:00)
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Short selling
Lifted short sale ban blamed for Korea ETF redemption
The lifting of South Korea's short-selling ban on large-cap stocks on Monday could be blamed for the recent heavy outflows from US-listed exchange-t...
May 07, 2021 (Gmt+09:00)
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Automobiles
Hyundai Motor to launch Genesis in Europe; US auto sales at record high
Hyundai Motor Co. is taking its standalone high-end brand Genesis to Europe, the traditional stronghold of premium cars such as BMW and Audi, as the...
May 04, 2021 (Gmt+09:00)
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Automobiles
Kia posts record US sales for 2nd straight month, driven by SUVs
Kia Corp., an automaking affiliate of the Hyundai Motor Group, on Monday posted its best-ever monthly US auto sales for a second straight month in A...
May 03, 2021 (Gmt+09:00)
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Venture capital
LG Electronics, Mirae Asset to launch $90 mn fund to invest in startups
South Korea’s LG Electronics Inc. and Mirae Asset Group have agreed to launch a 100 billion won ($90 million) joint venture-capital fund to he...
Apr 30, 2021 (Gmt+09:00)
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Earnings
LG Electronics expects auto parts business to turn profitable in H2
South Korea’s LG Electronics Inc. said on Thursday it expects its loss-making auto parts business to turn to profit in the second half of this...
Apr 29, 2021 (Gmt+09:00)
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Food & Beverage
BTS-loved kombucha brand Teazen up for sale
The majority shareholder of South Korea’s fine tea brand Teazen Co. is seeking to sell ownership of the company, attracting multiple potential...
Apr 29, 2021 (Gmt+09:00)
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Earnings
Samsung reports highest Q1 revenue, expects chip rebound in Q2
Samsung Electronics Co. has recorded the highest first-quarter revenue figures in the company’s history, thanks to strong performances in its ...
Apr 29, 2021 (Gmt+09:00)
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Earnings
LG Chem delivers Q1 earnings surprise on cash-cow petrochem business
South Korea’s LG Chem Ltd. said on Wednesday that its quarterly revenue and operating profit rose to all-time highs in the January-March perio...
Apr 28, 2021 (Gmt+09:00)
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Earnings
Samsung SDI Q1 sales at all-time high, says VW’s battery move long shot
Samsung SDI Co., one of South Korea's top three electric vehicle battery makers, saw its first-quarter revenue profit jump on solid demand with its ...
Apr 27, 2021 (Gmt+09:00)
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Earnings
Samsung SDI Q1 sales at all-time high, says VW’s battery move long shot
Samsung SDI Co., one of South Korea's top three electric vehicle battery makers, saw its first-quarter revenue profit jump on solid demand with its ...
Apr 27, 2021 (Gmt+09:00)
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Prolonged pandemic
Incheon Int'l Airport raises $300 mn in first global bond sale
South Korea's government-owned Incheon International Airport Corp. has raised $300 million in its first global bond sale to ease financial difficult...
Apr 27, 2021 (Gmt+09:00)
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Korean startups
Team Fresh secures $6 mn via stake sale to DSC Investment
South Korea-based venture capital firm DSC Investment announced on Apr. 27 that it has acquired a 6.5% stake, valued at around 6.5 billion won ($5.8...
Apr 27, 2021 (Gmt+09:00)
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Earnings
POSCO revises up sales target after Q1 profit rises to 10-year high
South Korea’s largest steelmaker POSCO said on Monday it’s raising this year’s sales target by 17.5% after posting its highest q...
Apr 26, 2021 (Gmt+09:00)
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Electronics
LG Display set to turn profitable as LCD shortage boosts prices
LG Display Co., a major South Korean display panel maker, has been in the red for years, weighed by subdued panel prices amid a supply glut caused b...
Apr 23, 2021 (Gmt+09:00)
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