LG Group
Scope
Date
~
-
Beauty & Cosmetics
Amorepacific's profit halves on weak sales in China; shares drop
South Korean cosmetics giant Amorepacific Group's stock closed at 3,400 won ($2.6) on Wednesday, down 12.1% after the group announced disappointing ...
Jan 31, 2024 (Gmt+09:00)
-
Batteries
LG Energy Solution's ESS division posts first-ever profit
LG Energy Solution Ltd.'s energy storage system (ESS) division posted its first-ever profit on the back of growing replacement demand and new constr...
Jan 30, 2024 (Gmt+09:00)
-
Corporate restructuring
Lotte Group Chairman says to sell ailing units for new biz: report
Lotte Group plans to sell ailing units as the South Korean retail-to-chemical conglomerate is shifting its focus to new growth sectors such as bio, ...
Jan 30, 2024 (Gmt+09:00)
-
Fashion
Fashion Group Hyungji's profit surges 145% in 2023
South Korea's Fashion Group Hyungji reported on Tuesday a preliminary 30 billion won ($22.5 million) in earnings for 2023, a staggering 145% jump fr...
Jan 30, 2024 (Gmt+09:00)
-
Business & Politics
Govenment calls end to Korean financial group heads' long-serving posts
South Korean financial group chiefs will no longer enjoy automatic term extensions as the government is stepping up pressure on the groups to improv...
Jan 29, 2024 (Gmt+09:00)
-
Electronics
LG Elec unveils OLED TV featuring world-renowned AI artist in US
LG Electronics Inc. collaborated with world-renowned artificial intelligence (AI) artist Stephanie Dinkins to showcase art pieces that explore commu...
Jan 29, 2024 (Gmt+09:00)
-
Batteries
LG Energy to supply $748 million worth of batteries to Japan’s Isuzu Motors
LG Energy Solution Ltd., one of the world’s leading battery makers, has agreed to supply its cylindrical batteries to Isuzu Motors Ltd., Japan...
Jan 26, 2024 (Gmt+09:00)
-
Electronics
LG to unveil commercial display solutions at ISE 2024
LG Electronics Inc. said on Friday it will unveil a cloud platform for business-to-business (B2B) customers of commercial displays at Integrated Sys...
Jan 26, 2024 (Gmt+09:00)
-
Earnings
LG Energy leaves 2024 capex unchanged despite softer demand
LG Energy Solution Ltd. will break through the anticipated slowdown in global electric vehicle demand this year with enhanced technology leadership ...
Jan 26, 2024 (Gmt+09:00)
-
Earnings
LG Electronics likely ahead of Whirlpool with record 2023 sales
LG Electronics Inc. is consolidating its lead over Whirlpool Corp. as the world’s top home appliances maker as the South Korean electronics ma...
Jan 26, 2024 (Gmt+09:00)
-
Batteries
LG Energy to invest in Li-metal battery developer Sion Power
Global lithium-ion battery major LG Energy Solution Ltd. will invest in Sion Power Corp., a US startup holding core patents in lithium-metal battery...
Jan 25, 2024 (Gmt+09:00)
-
Corporate strategy
SK Group reintroduces Saturday CEO meeting after 20 years
South Korea’s energy-to-telecom conglomerate SK Group has decided to reintroduce Saturday gatherings of its subsidiaries' chief executives aft...
Jan 24, 2024 (Gmt+09:00)
-
Tech, Media & Telecom
LG Channels poised to take off in India as new cash cow
LG Electronics Inc.'s transformation into a media and entertainment platform is gaining traction as its free web-based television streaming service ...
Jan 24, 2024 (Gmt+09:00)
-
Shareholder activism
Flashlight Capital urges KT&G to sue its directors for negligence
Singapore-based investment management firm Flashlight Capital Partners Pte. (FCP) has urged South Korean tobacco maker KT&G Corp. to sue its inc...
Jan 23, 2024 (Gmt+09:00)
-
Electric vehicles
Hyundai, LG ask US to ease EV tax benefit requirements
South Korean electric vehicle and battery makers including Hyundai Motor Group and LG Energy Solution Ltd. have asked the US to ease requirements fo...
Jan 22, 2024 (Gmt+09:00)
-
Artificial intelligence
LG gets global AI management system certification
LG Electronics Inc. announced on Monday that it has received the Artificial Intelligence Management System (ISO/IEC 42001) certification, an interna...
Jan 22, 2024 (Gmt+09:00)
-
Retail
Lotte Mall West Lake Hanoi cited as a Lotte success story
Lotte Mall West Lake Hanoi, a premium commercial complex, has emerged as a hot spot in Vietnam, hitting the 100 billion won ($74 million) milestone ...
Jan 22, 2024 (Gmt+09:00)
-
Electronics
LG Electronics bets big on smart factory business
LG Electronics Inc. launched a smart factory business division under its research and development center early this month to accelerate its transiti...
Jan 22, 2024 (Gmt+09:00)
-
Automobiles
Hyundai Motor Group holds firm as world’s No. 3 carmaker
South Korea’s Hyundai Motor Group kept its title as the world's third-largest automaker by sales volume for the second straight year in 2023, ...
Jan 21, 2024 (Gmt+09:00)
-
Artificial intelligence
LG CNS launches AI center for synergy of business, research
South Korea’s LG CNS Co., a cloud computing services arm of LG Corp., said on Sunday it has launched an artificial intelligence center to stre...
Jan 21, 2024 (Gmt+09:00)
-
Banking & Finance
S.Korea’s LS Group wins regulatory nod for securities biz
South Korea’s electrics components-to-energy conglomerate LS Group is set to start the securities business as it secured regulatory approval t...
Jan 18, 2024 (Gmt+09:00)
-
Banking & Finance
Woori Financial to bolster private banking service: chairman
Woori Financial Group, South Korea’s fourth-largest financial holding company, will reinforce its wealth management service for high-net-worth...
Jan 18, 2024 (Gmt+09:00)
-
Batteries
LG Chem sees up to 25% battery sector growth in 2024: report
South Korea’s LG Chem Ltd., the parent of the world’s second-largest electric vehicle battery maker LG Energy Solution Ltd., expects up ...
Jan 18, 2024 (Gmt+09:00)
-
Electronics
LG unveils new air conditioner with AI smart care
LG Electronics Inc. on Thursday announced that it released 2024 LG Whisen Objet Collection Tower air conditioner, which features an artificial intel...
Jan 18, 2024 (Gmt+09:00)
-
Fiber & Textile
S.Korea’s Hyosung to expand tire cord business to India
DAVOS, Switzerland -- Hyosung Group, a South Korean textile-to-chemicals conglomerate, plans to expand its tire cord business to India, the world's ...
Jan 18, 2024 (Gmt+09:00)
-
Electronics
LG Innotek, AOE join hands to lead vehicle, XR camera module markets
South Korea’s major camera module maker LG Innotek Co. has joined hands with AOE Optronics Co., an automotive lens-making subsidiary of Taiwan...
Jan 18, 2024 (Gmt+09:00)
-
Bio & Pharma
LG Chem to start phase 3 for head, neck cancer drug in US
South Korea’s LG Chem Ltd. announced on Wednesday that its US-based subsidiary Aveo Pharmaceuticals will start Phase 3 clinical trials for its...
Jan 17, 2024 (Gmt+09:00)
-
Artificial intelligence
Samsung, LG go head-to-head in AI components market
Samsung Electro-Mechanics Co. and LG Innotek Co., two major South Korean suppliers for Apple iPhones, are going head-to-head in the artificial intel...
Jan 16, 2024 (Gmt+09:00)
-
Batteries
LG Elec opens its first overseas EV charger plant in Texas
South Korea’s LG Electronics Inc. has opened its first overseas EV charger factory in Fort Worth, Texas. The move comes as the global home app...
Jan 14, 2024 (Gmt+09:00)
-
E-commerce
Coupang to resume Rocket Delivery for LG H&H; ends 5-year feud
Coupang Inc., South Korea’s leading online retailer, said on Friday it will resume the same or next-day delivery service, dubbed “Rocket...
Jan 12, 2024 (Gmt+09:00)