LG-startup collaboration
Scope
Date
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Korean startups
Korean learning platform Elice raises $14.9mn from Vertex
Elice Inc., a South Korean startup offering an all-in-one digital learning platform for teachers and corporations, will transform into an artificial...
Jan 17, 2024 (Gmt+09:00)
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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)
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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)
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Mergers & Acquisitions
Orion to buy control of biotech startup LegoChem for $415 mn
South Korea’s snack and confectionery maker Orion Group has agreed to buy a controlling stake in LegoChem Biosciences Inc., a Korean biotech s...
Jan 15, 2024 (Gmt+09:00)
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K-pop
Billboard to establish subsidiary in S.Korea in June 2024
The globally recognized American music entertainment media brand Billboard, known for its music charts, has announced the launch of its South Korean...
Jan 15, 2024 (Gmt+09:00)
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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)
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Korean startups
Korea’s unicorn startups fly high as IPO plans revived
South Korea’s unicorn startups, or venture firms with a corporate value of at least 1 trillion won ($760 million), are poised to return to the...
Jan 12, 2024 (Gmt+09:00)
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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)
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Korean innovators at CES 2024
LG Elec to expand ad-supported streaming service with TV OS
LAS VEGAS -- LG Electronics Inc., the leading global home appliance maker, plans to expand its free ad-supported streaming television (FAST) busines...
Jan 12, 2024 (Gmt+09:00)
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Artificial intelligence
SK Networks invests $19 mn in AI startup Upstage
South Korea's SK Networks Co. announced on Friday that it has invested 25 billion won ($19.02 million) in the domestic artificial intelligence (AI...
Jan 12, 2024 (Gmt+09:00)
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Batteries
S.Korea to probe Chinese batteries' alleged patent violations
South Korea will investigate alleged patent infringement by Chinese makers of smartphone batteries and high-nickel cathodes upon requests by LG Chem...
Jan 11, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
Hyundai, Samsung-backed startups vie for spotlight at CES
LAS VEGAS – At CES, big tech names often take center stage but this is also a dream place for underdogs to become rising stars with unconventi...
Jan 11, 2024 (Gmt+09:00)
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Artificial intelligence
Upstage installs Solar in KakaoTalk AI services
South Korea’s artificial intelligence (AI) tech startup Upstage announced on Thursday that its small language model (SLM) Specialized and Opti...
Jan 11, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
LG Elec to raise capex, R&D spending; eyes acquisition
LAS VEGAS -- LG Electronics Inc., the leading global home appliance maker, plans to spend more on capital expenditures, as well as research and deve...
Jan 11, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha Ocean, Gabler to collaborate for submarine MRO
South Korea’s Hanwha Ocean Co., the world’s third-largest shipbuilder, announced on Wednesday that it has signed a technical agreement w...
Jan 10, 2024 (Gmt+09:00)
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Earnings
Disappointing LG Energy earnings dim outlook amid weak EVs
LG Energy Solution Ltd., the world’s second-largest battery maker, disappointed investors with quarterly earnings on the sluggish global elect...
Jan 09, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
LG Display unveils brightest OLED TV panel for turnaround
LAS VEGAS, NV -- LG Display Co., the global leading manufacturer of large-size organic light-emitting diode (OLED) panels, introduced the industry&r...
Jan 09, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
Samsung, LG unveils cutting-edge TVs to firm dominance
LAS VEGAS, NV -- Samsung Electronics Co. and LG Electronics Inc., the world’s two largest TV makers by sales, have introduced next-generation ...
Jan 08, 2024 (Gmt+09:00)
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Earnings
LG Electronics posts record 2023 sales, Q4 profit misses forecasts
LG Electronics Inc. on Monday posted record-high 2023 revenue thanks to robust sales of home appliances and vehicle components, although its fourth-...
Jan 08, 2024 (Gmt+09:00)
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Artificial intelligence
LG Uplus invests $7.6 mn in 42Maru
South Korea’s LG Uplus Corp. announced on Sunday that it has invested 10 billion won ($7.6 million) in 42Maru, a domestic language AI startup....
Jan 08, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Samsung ramps up on-device NPU chip R&D; LG Electronics joins race
Samsung Electronics Co., in a rare move, has added 200 engineers to its system-on-chip design team at its research center in South Korea to develop ...
Jan 07, 2024 (Gmt+09:00)
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Robotics
LG Elec to supply robot CLOi to SE Asian golf courses
South Korea’s LG Electronics Inc. announced on Friday that it signed a contract with the domestic golf service platform Smartscore to supply i...
Jan 05, 2024 (Gmt+09:00)
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Bio & Pharma
LG Chem out-licenses obesity drug candidate to US firm
LG Chem Ltd. has agreed to license out a rare genetic obesity drug candidate in phase 2 clinical trials to Rhythm Pharmaceuticals Inc., a US biotech...
Jan 05, 2024 (Gmt+09:00)
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Electronics
LG Display to raise $494 mn through syndicated loan
LG Display Co., the world’s leading manufacturer of organic light-emitting diode (OLED) panels, will raise 650 billion won ($494 million) by t...
Jan 05, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
LG to unveil integrated self-driving, infotainment platform
LG Electronics Inc. and Magna International Inc. have jointly developed an automotive electronics platform that integrates LG’s infotainment t...
Jan 04, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
LG Display to premiere 480Hz gaming OLED at CES 2024
LG Display Co., the world’s leading organic light-emitting display (OLED) maker in South Korea, will showcase its premium OLED gaming panel se...
Jan 04, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG to inject $700 million in startups in West Virginia
CHARLESTON, WV – LG Electronics Inc. will form a fund with the State of West Virginia to inject $700 million over the next five years to foste...
Jan 04, 2024 (Gmt+09:00)
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Korean startups
Korean semiconductor startups shine in venture downturn
South Korean startups in the semiconductor, eco-friendly and electric vehicle battery sectors succeeded in attracting investors in the second half o...
Jan 03, 2024 (Gmt+09:00)
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Korean startups
Digital healthcare, robot, AI chip startups among VCs’ 2024 top picks
Startups that specialize in digital healthcare, robots and artificial intelligence chips are among South Korea-based venture capital firms’ to...
Jan 03, 2024 (Gmt+09:00)
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Electronics
LG OLED TV named Best TV in US
LG Electronics Inc. 's organic light emitting diode (OLED) evo 65G3 was named as Best TVs Overall in the Consumer Reports' Best TVs of 2024, accordi...
Jan 03, 2024 (Gmt+09:00)