LG Uplus business plan
Scope
Date
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Venture capital
LG Group invests $21 mn in vegan egg maker Eat Just
LG Group plans to invest 25 billion won ($21 million) in California-based plant-based food maker Eat Just, Inc. The news follows an announcement by ...
Jan 26, 2022 (Gmt+09:00)
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IPOs
Korea’s biotech startup Voronoi to go public in March
South Korea’s biotechnology startup Voronoi Inc. plans an initial public offering in March to raise up to 130 billion won ($108.4 million).Vor...
Jan 25, 2022 (Gmt+09:00)
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Artificial intelligence
Naver recruits two AI scholars based in US
Naver Corp. is ramping up its recruitment of global talent in artificial intelligence. The South Korean tech giant announced Monday that it h...
Jan 25, 2022 (Gmt+09:00)
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Future mobility
LG Omnipod: A self-driving home on wheels
LG Electronics Inc. is bringing a life-size model of its future mobility autonomous concept vehicle to the real world.The LG Omnipod, a mobility con...
Jan 25, 2022 (Gmt+09:00)
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Hydrogen economy
Hyosung goes greener with $836 million green hydrogen project
Hyosung Group is stepping up efforts to turn into an eco-friendly business, announcing huge investment plans on hydrogen and renewable energy projec...
Jan 24, 2022 (Gmt+09:00)
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The Deep Dive
Behind the eye-popping numbers of LG Energy's IPO
The initial public offering of South Korea's LG Energy Solution Ltd. drew a record 11,500 trillion won ($9.65 trillion) in bids from institutional i...
Jan 21, 2022 (Gmt+09:00)
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Electronics
LG Innotek shares rise despite mixed brokerage views
LG Innotek Co. stocks have been on a rising trend over the past three months and are trading at their highest-ever prices. However, there are mixed ...
Jan 21, 2022 (Gmt+09:00)
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Markets
Time to buy Korean entertainment stocks?
Hopes for a rebound in South Korea’s entertainment shares emerged as their earnings are expected to improve on new businesses and their valuat...
Jan 20, 2022 (Gmt+09:00)
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Korean games
Microsoft $69 bn bet spurs Korea game makers' search for metaverse deals
South Korea’s game developers are expected to seek more acquisitions of the metaverse and non-fungible token (NFT) companies for new profit so...
Jan 20, 2022 (Gmt+09:00)
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Korean food
Vegan foodmaker Organica attracts funding from China's CITIC
Plant-based food company Organica Corp. has attracted investment from China’s alternative investment firm CITIC Capital Holdings Ltd. This mar...
Jan 20, 2022 (Gmt+09:00)
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IPOs
One in 10 Koreans rushes for LG Energy shares ahead of $8.6 billion IPO
The world’s second-largest electric vehicle battery maker LG Energy Solution Ltd. has set a new record for initial public offering demand, wit...
Jan 19, 2022 (Gmt+09:00)
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Blockchain
NAVER revs up its NFT arm
South Korea’s internet juggernaut NAVER Corp. is gearing up to enter the NFT business – through its affiliate LINE Corp.LINE NEXT, a ven...
Jan 19, 2022 (Gmt+09:00)
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Digital assets
Korea's Mirae Asset to launch digital asset business
Mirae Asset Financial Group, South Korea’s capital market giant, is set to enter the digital asset business, starting with a digital asset cus...
Jan 19, 2022 (Gmt+09:00)
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Corporate restructuring
Hyundai Engineering’s new business keywords: Hydrogen, mini reactors
Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, is reorganizing its business struct...
Jan 18, 2022 (Gmt+09:00)
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Korean stock market
Kospi in lethargic trade ahead of LG Energy debut
South Korea's benchmark stock index Kospi declined to its lowest closing level in one and a half months on Monday, moving in the opposite direction ...
Jan 18, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Creditors to unveil new plans next week to sell DSME
Creditor banks of South Korea's Daewoo Shipbuilding & Marine Engineering Co. (DSME) are mulling new ways to find a new owner of the debt-ridden ...
Jan 14, 2022 (Gmt+09:00)
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Metaverse
DoubleU invests $1.5 million in Epic Games
South Korea’s DoubleU Games Co. announced Friday that its subsidiary DoubleDown Interactive LLC invested $1.5 million in North Carolina-base...
Jan 14, 2022 (Gmt+09:00)
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Steel
POSCO to revive India steel mill construction plan
POSCO Co. plans to build a steel mill jointly with India's Adani Group in western India, the South Korean steelmaker said on Thursday, after its pre...
Jan 13, 2022 (Gmt+09:00)
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Batteries
LG Energy IPO fever lifts Korea’s battery stocks
LG Energy Solution Ltd., the world’s No. 2 battery maker, attracted a record $9.65 trillion demand for South Korea’s largest-ever initia...
Jan 13, 2022 (Gmt+09:00)
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Automobiles
2022 Mercedes EQS EV comes with LG's flexible OLED
The 2022 models of Mercedes-Benz AG's electric vehicle EQS will be equipped with infotainment systems co-developed with LG Electronics Inc., the Sou...
Jan 13, 2022 (Gmt+09:00)
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IPOs
LG Energy sets new IPO record with $9.65 trillion investor demand
LG Energy Solution Ltd., the world’s second-largest battery maker, has set a new record for an initial public offering with demand for its sha...
Jan 12, 2022 (Gmt+09:00)
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Logistics
Coupang to shake up Korea’s logistics industry landscape
South Korea’s e-commerce giant Coupang Inc. is looking to tap into the country’s logistics industry, shaking up the sector, while market...
Jan 12, 2022 (Gmt+09:00)
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M&As
The Princeton Review up for sale by Korean edutech firm
South Korea's leading edutech service firm has put The Princeton Review up for sale, five years after it acquired the US college test preparation se...
Jan 11, 2022 (Gmt+09:00)
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Shareholder value
Tighter rules on business split-ups may benefit SK Inc.
As South Korean securities regulators are moving to tighten their grip on the growing trend of splitting up businesses and listing the spun-off arms...
Jan 11, 2022 (Gmt+09:00)
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IPOs
LG Energy takes on CATL as it prepares for Korea’s largest-ever IPO
LG Energy Solution Ltd. has vowed to outrival the world’s top battery player CATL as the South Korean company is preparing for the country&rsq...
Jan 10, 2022 (Gmt+09:00)
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REITs
Korean REITs total assets surpass $58 bn in 2021
The combined total assets of real estate investment trusts (REITs) in Korea surpassed 70 trillion won ($58.4 billion) as of the end-2021, 20 years a...
Jan 10, 2022 (Gmt+09:00)
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Beauty & Cosmetics
LG Household’s China strategy put to test as shares crash
LG Household & Health Care Ltd.’s shares have been flying high since its market debut in 2001, and have more recently basked in the global...
Jan 10, 2022 (Gmt+09:00)
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CES 2022
Hyundai to sell half of cars in US with eco-friendly models by 2030
Hyundai Motor Co., South Korea’s top automaker, aims to sell half of the cars in the US with eco-friendly models by 2030, increasing sales of ...
Jan 10, 2022 (Gmt+09:00)
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CES 2022
SK subsidiaries form ICT alliance
South Korea’s third-largest chaebol, SK Group, announced its plans to launch a consultative body to create synergy among its three subsidiar...
Jan 09, 2022 (Gmt+09:00)
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Short selling
Kospi short sales hit $639 mn amid rate hike woes
Short selling on the Korean stock market is soaring rapidly on concerns over the US Fed Reserve’s interest rate hike. Particularly, a large ...
Jan 07, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore