LG-startup collaboration
Scope
Date
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Venture capital
Korean VCs bet big on pet care startups
Startups in the pet industry are gaining traction on the back of a rising number of pet owners in South Korea. Industry insiders say several pe...
Feb 10, 2022 (Gmt+09:00)
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Batteries
LG Energy, LG Chem deliver record results in 2021
South Korea's LG Energy Solution Ltd. and its parent company LG Chem Ltd. on Tuesday delivered their largest-ever results in 2021, as the increased ...
Feb 08, 2022 (Gmt+09:00)
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Batteries
LG Energy to spend $1.7 bn to hike Michigan battery capacity fivefold
The world’s second-largest electric vehicle battery maker LG Energy Solution Ltd. is spending $1.7 billion to expand its battery production ca...
Feb 07, 2022 (Gmt+09:00)
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Venture capital
Shopping platform Queenit receives $43 mn funding from VC juggernauts
Online shopping platform Queenit recently received 36 billion won ($30 million) from Kakao Ventures Corp., SoftBank Ventures Korea Corp. and more,...
Feb 07, 2022 (Gmt+09:00)
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Venture capital
AI startup OnePredict gears up for $25 mn funding round
South Korean AI solutions provider OnePredict is set to begin a 30 billion won ($25 million) funding round. The Seoul-based startup provides in...
Feb 04, 2022 (Gmt+09:00)
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Batteries
SK on eve of jackpot from NYSE debut of US battery maker SES
SK Inc., the investment-focused holding company of South Korea’s SK Group, is set to pocket a sixfold return from its investment in SES Holdin...
Feb 03, 2022 (Gmt+09:00)
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IPOs
Viva Republica poised to become Korea’s fourth decacorn
Viva Republica Inc., the operator of fintech platform Toss, is revving up for a pre-IPO. When finalized, the company will become South Korea’s...
Feb 02, 2022 (Gmt+09:00)
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Batteries
LG Energy: Will joining indices rescue stock from its plunge?
LG Energy Solution Ltd., the world’s No. 2 battery maker, will gain quick entry to two MSCI indices in mid-February as well as join Ko...
Jan 28, 2022 (Gmt+09:00)
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Earnings
LG overtakes Whirlpool as top appliance maker with record 2021 sales
LG Electronics Inc. has overtaken Whirlpool Corp. as the world’s top manufacturer of home, kitchen and laundry appliances after posting record...
Jan 27, 2022 (Gmt+09:00)
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Markets
Kospi melts as Fed, LG Energy spur foreign selling
South Korean stocks lost ground with the main index entering a bear market on Thursday as foreign investors intensified their selling after the US F...
Jan 27, 2022 (Gmt+09:00)
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Earnings
LG Display turns to black in 2021 after three years
South Korea's LG Display Co. swung to an operating profit in 2021 after two consecutive years of shortfalls, led by a sharp rebound in LCD panel pri...
Jan 27, 2022 (Gmt+09:00)
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Batteries
SKC co-invests $80 mn in battery materials maker Nexeon
Chemical materials producer SKC Co. said on Jan. 26 its consortium has completed an $80 million investment in UK battery materials startup Nexeon ...
Jan 26, 2022 (Gmt+09:00)
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EV Batteries
LG Energy, GM to build $2.6 bn battery plant in Michigan
LG Energy Solution Ltd. and General Motors Co., plan to build the third US electric vehicle battery plant in Michigan with a $2.6 billion investment...
Jan 26, 2022 (Gmt+09:00)
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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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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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Korean chipmakers
SK Hynix to invest more in US chip design startup SiFive
SK Hynix Inc., South Korea’s major chipmaker, decided to make an additional investment in a US chip design startup SiFive in order to secure s...
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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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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Venture capital
Stonebridge Ventures to set up $168 mn new fund in H1
Stonebridge Ventures Inc., South Korea’s most profitable venture capital firm, plans to establish a fresh fund of $168 million, the largest in...
Jan 19, 2022 (Gmt+09:00)
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IPOs
Startup accelerator FuturePlay pushes ahead with IPO
Startup accelerator FuturePlay is pushing ahead with an initial public offering. The decision follows similar moves by Korean venture capital and ac...
Jan 18, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Samsung touts latest Exynos 2200 chip as mobile game changer
Samsung Electronics Co. has unveiled a new premium mobile processor, the Exynos 2200, which the world’s top memory chipmaker said offers a con...
Jan 18, 2022 (Gmt+09:00)
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Artificial intelligence
AI humans take quantum leap in Korean entertainment and media
At first glance, ETERN!TY is similar to other K-pop bands – dancing to upbeat music and the female members donning pink tennis outfits. W...
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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Robotics
Doosan Robotics eyes $10 bn cobot market
A robot with a humanoid arm is busy at work transporting parts inside Doosan Robotics’ manufacturing plant in Suwon City, Gyeonggi Province.&n...
Jan 17, 2022 (Gmt+09:00)
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Artificial intelligence
Korean AI startups blaze trails in overseas markets
Artificial intelligence-powered image analysis company Alchera Inc. is working with PG&E (The Pacific Gas and Electric Company (PG&E) in t...
Jan 13, 2022 (Gmt+09:00)
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Logistics
Mesh to raise up to $253 mn to become logistics unicorn
Logistics service provider Mesh Korea Co. plans to raise 200 billion to 300 billion won ($168.6 million to $253 million) in its upcoming rights is...
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)
Latest News
- 1 LG to invest $762 mn in webOS to transform into platform-based tech giant
- 2 S.Korea to offer incentives to attract foreign scientists
- 3 Vinyl boom shows no sign of abating in South Korea
- 4 Uniqlo expands in Korea as No-Japanese boycott wanes
- 5 Seoul rejects Elliott’s $20 mn claim against Samsung C&T