LG Group
Scope
Date
~
-
Future mobility
Hyundai Motor Group forms TaaS division to be led by 42dot CEO
Hyundai Motor Group has created a new Transportation-as-a-Service (TaaS) division that will oversee the mobility businesses of Hyundai Motor Co. and...
Apr 16, 2021 (Gmt+09:00)
language -
Corporate restructuring
LG Corp shares surge ahead of relisting after LX Holdings split-off
Shares of LG Corp. are significantly outperforming the broader market on expectations the company will be fairly valued when it’s relisted on ...
Apr 15, 2021 (Gmt+09:00)
language -
Carbon neutrality
LG Chem expands carbon nanotube production with new plant
South Korea's LG Chem Ltd. has completed an extension of its production line for carbon nanotubes (CNTs), known as a wonder material for its strengt...
Apr 14, 2021 (Gmt+09:00)
-
IPOs
Hyundai Engineering seeks Q3 IPO; seen as precursor to group revamp
Hyundai Engineering Co., an unlisted construction affiliate of the Hyundai Motor Group, is seeking an initial public offering on the Korean bourse, ...
Apr 13, 2021 (Gmt+09:00)
-
Batteries
SK agrees to pay $1.8 billion to LG, settles battery legal dispute
LG Energy Solution Ltd. and SK Innovation Co. have reached an 11th-hour agreement to end their two-year legal dispute in the US over trade secret in...
Apr 11, 2021 (Gmt+09:00)
language -
Entertainment
Iyuno-SDI Group raises $160 mn follow-on investment from SoftBank
Iyuno-SDI Group, a South Korean content localization firm, has received $160 million in funding from SoftBank Vision Fund 2, a follow-on investment ...
Apr 09, 2021 (Gmt+09:00)
-
Korean Investors
Naver invests $150 million in Indonesia’s No.1 media group Emtek
South Korea’s online platform giant Naver Corp. has invested $150 million in Elang Mahkota Teknologi (Emtek), Indonesia’s largest techno...
Apr 07, 2021 (Gmt+09:00)
language -
Earnings
Samsung, LG Elec deliver above-consensus Q1 earnings
Samsung Electronics Co. and LG Electronics Inc., the world's two largest TV makers, surprised the market on Wednesday with forecast-beating quarterl...
Apr 07, 2021 (Gmt+09:00)
language -
Retail
SK Group acquires 16.3% of Vietnam’s top retailer for $410 million
South Korea’s SK Group has acquired 16.3% of Vincommerce, Vietnam’s top retail business operator, for $410 million as part of a move to ...
Apr 06, 2021 (Gmt+09:00)
language -
EV batteries
SK Group eyes jackpot from investment in battery maker SES
South Korea’s SK Group is expected to pocket at least a tenfold return from its investment in electric vehicle battery startup SES as the batt...
Apr 05, 2021 (Gmt+09:00)
language -
Batteries
Posco Chemical to supply EV battery materials to GM-LG Energy JV
Posco Chemical Co., the secondary battery materials unit of POSCO, will supply anodes, a key material used in electric car batteries, to the joint v...
Apr 05, 2021 (Gmt+09:00)
language -
Business & Politics
LG Elec to fold mobile phone business in 26 yrs
LG Electronics Inc. announced on Monday its exit from the loss-making mobile phone business, which has accumulated operating losses of 5 trillion wo...
Apr 05, 2021 (Gmt+09:00)
language -
Batteries
ITC rules in favor of SK Innovation over LG Energy in US battery patent suit
The International Trade Commission (ITC) has ruled in favor of SK Innovation Co. in a US battery patent suit filed by LG Energy Solution Ltd., which...
Apr 01, 2021 (Gmt+09:00)
language -
Shareholder activism
LG shareholders approve spin-off plan amid activist opposition
Shareholders of LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, on Friday gave the nod to the company's p...
Mar 26, 2021 (Gmt+09:00)
language -
Batteries
SK reiterates rejection of LG’s hefty demand for battery dispute settlement
SK Innovation Co. again refused to accept LG Energy Solution Ltd.’s demand that SK pay a hefty amount of compensation for its involvement in a...
Mar 26, 2021 (Gmt+09:00)
-
Batteries
LG Chem CEO vows stern action against SK in battery legal dispute
The chief executive of LG Chem Ltd. said on Thursday that the company will sternly deal with SK Innovation Co. in the battery technology trade secre...
Mar 25, 2021 (Gmt+09:00)
language -
LG Group
LG strengthens ESG push with committee set-up
LG will create ESG (environment, social and corporate governance) Committee and Internal Trading Committee within the holding company and key affili...
Mar 19, 2021 (Gmt+09:00)
-
Shareholder activism
Proxy advisers ISS, Glass Lewis urge LG shareholders to reject spin-off plan
Proxy advisers Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. have urged shareholders of LG Corp. to vote against the South...
Mar 15, 2021 (Gmt+09:00)
-
Batteries
LG Energy to invest over $4.5 bn to expand US battery facilities
LG Energy Solutions Ltd. announced on Friday that it will invest more than 5 trillion won ($4.5 billion) by 2025 to expand its US battery business, ...
Mar 12, 2021 (Gmt+09:00)
language -
Batteries
SK Innovation board says no costly settlement with LG
SK Innovation Inc.’s board members on Thursday advised the South Korean electric vehicle battery maker not to pay hefty compensation for a set...
Mar 11, 2021 (Gmt+09:00)
-
Batteries
LG Energy may build US, Europe plants to supply new batteries to Tesla
LG Energy Solution Ltd. may build an electric vehicle battery plant in the US to supply advanced battery cells to Tesla Inc. for its new models to b...
Mar 10, 2021 (Gmt+09:00)
language -
SK Group's financial story: Measure, divest and focus
Last month, South Korea's third-largest conglomerate SK Group agreed to sell its 21-year-old baseball club SK Wyverns to the country’s leading...
Mar 09, 2021 (Gmt+09:00)
-
Automobiles
LG Electronics eyes growth potential in US auto parts market
LG Electronics Inc. is aggressively expanding its automobile components business in the North American market – a move that is expected to hel...
Mar 09, 2021 (Gmt+09:00)
language -
Hanwha Group
Hanwha launches group-wide task force to bolster space business
Hanwha Group has created an internal task force headed by the group's heir apparent to strengthen its presence in the fast-growing global space sect...
Mar 08, 2021 (Gmt+09:00)
language -
Electronics
LG Display, Disney promote OLED TV through animated film
South Korea-based display panel maker LG Display Co. and Walt Disney have teamed up to highlight the benefits of OLED TV through Disney's latest ani...
Mar 08, 2021 (Gmt+09:00)
-
Batteries
LG Energy, GM in talks to build 2nd EV battery plant in Tennessee
South Korea’s LG Energy Solution Ltd. is exploring building a second electric car battery plant in the US with joint venture partner General M...
Mar 05, 2021 (Gmt+09:00)
language -
Electric vehicles
Hyundai, LG Energy agree to split EV recall costs, reflect in Q4 results
Hyundai Motor Co. and LG Energy Solution Ltd. have agreed on how to split the costs of replacing the electric vehicle batteries made by the LG Group...
Mar 05, 2021 (Gmt+09:00)
language -
Batteries
US politicians urge review of ITC ruling over LG, SK battery dispute
The trade secret dispute between LG Energy Solution Ltd. and SK Innovation Co. is taking a new turn as US state politicians raise their voices again...
Mar 04, 2021 (Gmt+09:00)
-
REITs
SK Group eyes IPO of headquarter-backed REIT in 2021
South Korea’s SK Group has begun the process to list a real estate investment trust (REIT) backed by its head office building and some 100 pet...
Mar 03, 2021 (Gmt+09:00)
-
Leadership & Management
Hanwha Group leader Kim Seung-youn returns to management
Hanwha Group leader Kim Seung-youn is returning to management seven years after he was banned from business activities following his conviction for ...
Feb 26, 2021 (Gmt+09:00)