LG Labs
Scope
Date
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Korean startups
SK Telecom, Hana Financial Group jointly nurture AI startups
SK Telecom Co. and Hana Financial Group are strengthening their collaboration in the field of artificial intelligence (AI). They are jointly fosteri...
Jul 12, 2023 (Gmt+09:00)
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Electronics
Samsung ties up with LG Display for 83-inch OLED TV in US
Samsung Electronics Co., the world’s top TV maker, has joined hands with its South Korean rival LG Display Co. for the large organic light-emi...
Jul 12, 2023 (Gmt+09:00)
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Private equity
NPS commits $163 mn to Macquarie's sixth Korean buyout fund
Macquarie Asset Management is aiming to close its sixth buyout fund in South Korea at a maximum of 1 trillion won ($775.6 million) by the first ha...
Jul 12, 2023 (Gmt+09:00)
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Petrochemicals
S.Korea’s petrochemical players boost plastic container recycling
South Korea's major petrochemical companies have entered the sector for 100% recycled plastic containers through cooperation with food and cosmetics...
Jul 12, 2023 (Gmt+09:00)
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Steel
Hyundai Steel to open carbon-neutral steel lab by 2023
Hyundai Steel Co., a unit under South Korean auto giant Hyundai Motor Group, is set to kick off research on hydrogen-based steelmaking as its new la...
Jul 10, 2023 (Gmt+09:00)
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Energy
LG Electronics to offer energy-saving services in US
South Korea's LG Electronics Inc. is set to bring its auto demand response (DR) service to the US, utilizing its smart home platform, LG ThinQ, the ...
Jul 10, 2023 (Gmt+09:00)
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Metaverse
LG Uplus to enter fashion metaverse
South Korea‘s LG Uplus Corp. has launched a fashion metaverse business, starting this month the clothing store Meta Slap, a digital service fo...
Jul 10, 2023 (Gmt+09:00)
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Earnings
LG Elec Q2 profit misses forecast on costs; stocks tumble
LG Electronics Inc., the world’s leading home appliance maker, missed quarterly profit projections due to one-time costs related to job cuts, ...
Jul 07, 2023 (Gmt+09:00)
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Batteries
LG Energy triples lithium orders from SQM for US benefits
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, agreed to nearly triple lithium procurement from Sociedad ...
Jul 07, 2023 (Gmt+09:00)
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Debt financing
Hyundai-LG’s Indonesia battery financing chosen as Asia deal of 2022
The $711 million financing organized by Hyundai Motor Co. and LG Energy Solution Ltd. last year for their battery joint venture in Indonesia has bee...
Jul 06, 2023 (Gmt+09:00)
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Electronics
LG Electronics sets up 1st global R&D center in Indonesia
South Korean home appliance giant LG Electronics Inc. opened its first overseas research and development center in Indonesia on Thursday to accelera...
Jul 06, 2023 (Gmt+09:00)
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Advertising & Marketing
LG Electronics collaborates with German Playmobil for figurines
LG Electronics Inc. unveiled its collaboration with the famous German toy brand Playmobil on Thursday, creating home appliance figurines. South Kore...
Jul 06, 2023 (Gmt+09:00)
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Batteries
Deal reached on LG-Stellantis battery plant subsidy; construction resumes
All construction work at a battery joint venture in Canada between South Korea’s LG Energy Solution Ltd. and multinational automaker Stellanti...
Jul 06, 2023 (Gmt+09:00)
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Artificial intelligence
LG Uplus releases ad with generative AI
South Korea’s third-largest mobile carrier LG Uplus Corp. on Tuesday unveiled the first video ad using generative artificial intelligence (AI)...
Jul 04, 2023 (Gmt+09:00)
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Automobiles
Genesis GV80 to come with LG’s OLED auto display in close tie-up
Hyundai Motor Co.'s premium brand Genesis will be equipped with LG Display Co.'s organic light-emitting diode (OLED) automotive display for its...
Jul 03, 2023 (Gmt+09:00)
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Electric vehicles
LG Uplus, Kakao Mobility to form EV charging JV
South Korea’s third-largest mobile carrier LG Uplus Corp. and transportation company Kakao Mobility announced on Monday their strategic allian...
Jul 03, 2023 (Gmt+09:00)
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Corporate restructuring
LG Chem seeks to sell 2nd NCC facility in Korea in face of China’s ascent
LG Chem Ltd. has embarked on a process to sell its core naphtha cracking center (NCC) in South Korea, estimated at about 3 trillion won ($2.3 billio...
Jul 02, 2023 (Gmt+09:00)
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Automobiles
LG sees $76 bn in 2023 vehicle system order backlog
The automotive electronics business is emerging as a new cash cow for South Korea’s LG Electronics Inc., a household name in the home applianc...
Jun 30, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Group seeks new partners in Silicon Valley’s startup scene
South Korea’s LG Group seeks new partnerships with global ventures to strengthen its new growth engines, such as batteries, biopharmaceuticals...
Jun 28, 2023 (Gmt+09:00)
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Electronics
LG Electronics launches TV-specific camera LG Smart Cam
LG Electronics Inc. announced on Wednesday that it has released a TV-specific camera, LG Smart Cam.LG Smart Cam supports full HD high-resolution sho...
Jun 28, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG CNS develops AI coding solution based on ChatGPT
LG CNS, the information technology service arm of LG Group, announced on Wednesday that it has developed an artificial intelligence (AI)-based code ...
Jun 28, 2023 (Gmt+09:00)
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Electronics
LG Electronics targets EdTech market in US
LG Electronics Inc. is showcasing a lineup of acclaimed products designed for the education sector at the International Society for Technology in Ed...
Jun 27, 2023 (Gmt+09:00)
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Electronics
LG Electronics releases portable speaker XBoom
LG Electronics Inc. announced on Monday the launch of the LG XBoom, a portable party speaker with a built-in battery that delivers powerful sound an...
Jun 26, 2023 (Gmt+09:00)
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Beauty & Cosmetics
Heyday over for Amorepacific, LG Household in China’s beauty market
Amorepacific Corp. and LG Household & Health Care Ltd., basking in the global K-beauty boom, reaped handsome profits in China, the world’s...
Jun 26, 2023 (Gmt+09:00)
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Electronics
LG Innotek to spend $1 bn to double Vietnam output capacity
South Korea’s LG Innotek Co., a major camera module supplier for Apple iPhones, is set to invest $1 billion in Vietnam to more than double its...
Jun 26, 2023 (Gmt+09:00)
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Batteries
LG Chem produces single-crystal cathodes; to raise $1.5 bn in bonds
LG Chem Ltd. has begun mass production of high-nickel cathode materials made with a single crystal structure for the first time in South Korea, whic...
Jun 26, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Elec, SM to launch home fitness app in July
LG Electronics Inc. and SM Entertainment Co. will jointly launch next month a home fitness app nine months after the project was delayed in Septem...
Jun 26, 2023 (Gmt+09:00)
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Electronics
Samsung, LG fuel rivalry in global hospitality TV market
Samsung Electronics Co. and LG Electronics Inc., two leading players in the global hospitality TV market, are extending their rivalry in the premium...
Jun 25, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung, LG, Sony vie for mixed-reality OLED display market
Samsung Display Co., LG Display Co. and Sony Corp. — the world’s three leading display panel makers — are ratcheting up efforts to...
Jun 23, 2023 (Gmt+09:00)
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Corporate bonds
LG Energy’s 1st bond issue draws record $3.6 bn in bids
LG Energy Solution Ltd.'s first bond issue was 10 times oversubscribed on Thursday, drawing a record 4.7 trillion won ($3.6 billion) in bids for a S...
Jun 22, 2023 (Gmt+09:00)
Latest News
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- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer