LS Automotive
Scope
Date
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Corporate strategy
LS Group to bolster batteries, EVs and chipmaking, chairman says
South Korean conglomerate LS Group is seeking business opportunities in the materials and parts sectors led by the fast-growing battery, electric ve...
Jul 14, 2022 (Gmt+09:00)
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Earnings
LG Elec. profit down on costs; automotive biz back in the black
LG Electronics Inc., the global home appliance maker, suffered a lower profit in the second quarter on the back of rising commodity and logistics co...
Jul 07, 2022 (Gmt+09:00)
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Electric vehicles
POSCO, LS Electric to build EV parts plants in Mexico
South Korea's POSCO International Co. broke ground on an electric vehicle parts plant in northern Mexico on July 6, while LS Electric Co. signed a t...
Jul 07, 2022 (Gmt+09:00)
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ESG
LS Cable to step up ESG efforts by recycling wooden cable drums
LS Cable & System Ltd. is slated to begin recycling wooden cable drums as part of its environmental, social and governance (ESG) management effo...
Jul 04, 2022 (Gmt+09:00)
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Automobiles
LG Innotek unveils top-of-the-line in-cabin radar module
South Korea’s electronic parts maker LG Innotek unveiled an in-cabin radar module Tuesday, which it says is the most advanced version of such ...
Jun 29, 2022 (Gmt+09:00)
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Automobiles
Hyundai Mobis sees global carmakers’ orders up 50%
Hyundai Mobis Co., South Korea’s largest auto parts producer, expected orders from global carmakers excluding Hyundai Motor Group affiliates t...
Jun 28, 2022 (Gmt+09:00)
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Mergers & Acquisitions
LS Electric acquires Nokia’s power facility asset analysis platform
LS Electric announced Wednesday it has acquired Nokia’s power facility asset analysis platform. The power solutions arm of South Korea&rs...
Jun 08, 2022 (Gmt+09:00)
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Korean SMEs
Korea composite materials maker to expand aerospace biz
South Korea’s top advanced composite materials producer aims to speed up its expansion in the aerospace sector with the acquisition of an airp...
Jun 02, 2022 (Gmt+09:00)
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Korean startups
Hyundai Motor Group to launch $80 mn startup fund
Hyundai Motor Group and the group’s social contribution foundation will create a domestic startup fund to invest a total of 100 billion won ($...
May 31, 2022 (Gmt+09:00)
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Corporate investment
LG bets $34 bn on battery, automotive electronics biz for its future
LG Group, South Korea’s fourth-largest conglomerate, is set to pour $34 billion into the battery, automotive electronics and other future grow...
May 26, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia to inject $16.6 bn into EV production in South Korea
The Hyundai Motor Group announced the conglomerate’s domestic investment blueprint on Wednesday. The backbone of the investment plan is to ma...
May 18, 2022 (Gmt+09:00)
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Electronics
LG Electronics receives ISO certification for auto chip technology
LG Electronics Inc., a leading South Korean home appliance maker, has received ISO certification for its automotive chip development process, includ...
May 06, 2022 (Gmt+09:00)
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Electric vehicles
LS Group revs up to enter EV charging business
South Korean conglomerate LS Group is eyeing the growing electric vehicle industry and the markets derived from it. The group announced the lau...
Apr 29, 2022 (Gmt+09:00)
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Mergers & Acquisitions
LS Group may raise stake in LS-Nikko Copper to 90%
South Korea's LS Group is considering buying an additional stake in LS-Nikko Copper Inc. to boost its stake in the world’s second-largest elec...
Apr 14, 2022 (Gmt+09:00)
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Automobiles
Shinhan Card makes strategic investment in car sales platform
South Korea’s Shinhan Financial Group is intensifying its online car sales business through partnerships with online platforms. The group&rs...
Apr 13, 2022 (Gmt+09:00)
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Tech, Media & Telecom
LG Elec. to sell automotive wireless smartphone charging division
South Korea’s LG Electronics Inc. plans to drop its automotive wireless smartphone charging unit as the global home appliance giant exited fro...
Mar 20, 2022 (Gmt+09:00)
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Corporate strategy
Samsung looks to metaverse, robots for future growth
South Korea's Samsung Electronics Co. is eyeing the metaverse and robotics as keys to the global tech giant’s future. At the same time, it is ...
Mar 16, 2022 (Gmt+09:00)
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Corporate strategy
Samsung Electro-Mechanics to focus on IT, automotive electronics sectors
South Korea’s Samsung Electro-Mechanics is set to focus on information technology and automotive electronics sectors as they are core growth e...
Mar 10, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor Group sweeps board at IIHS safety awards
The Hyundai Motor Group once again received more safety awards than any of its counterparts from the Insurance Institute for Highway Safety (IIHS)...
Feb 25, 2022 (Gmt+09:00)
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M&As
LS-Nikko Copper to sell $670 million JV stake to Korean PEFs
LS-Nikko Copper Co., the world’s second-largest electrolytic copper maker, is set to sell an 800 billion won ($670 million) stake in a joint v...
Feb 20, 2022 (Gmt+09:00)
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The Deep Dive
How Carlyle aligned interests with Hyundai Motor chair
South Korea's strengthened antitrust rules relating to inter-affiliate trade provided the Carlyle Group with a valuable opportunity to invest in Hyu...
Feb 13, 2022 (Gmt+09:00)
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Steel
POSCO breaks ground on China automotive steel plant with HBIS
China’s HBIS Group Co., the world’s third-largest steelmaker, and South Korea’s POSCO Co., the No. 6 player, broke ground on an au...
Jan 07, 2022 (Gmt+09:00)
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Electric vehicles
IONIQ 7 to beome home on wheels with LG appliances
Hyundai Motor Co.’s IONIQ 7, its new all-electric sport utility vehicle to be launched in 2024, will be equipped with the home appliances of L...
Nov 29, 2021 (Gmt+09:00)
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Leadership & Management
Koo Ja-eun takes helm of Korea’s cable, machinery conglomerate LS Group
Koo Ja-eun, chairman of South Korea’s LS Mtron Co., a machinery and components maker, will lead the country’s 14th-largest conglomerate ...
Nov 26, 2021 (Gmt+09:00)
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Underwater cables
LS Cable wins $168 mn submarine cable deal from Taiwan
LS Cable & System Ltd., South Korea’s top wire and cable producer, won a $168 million submarine cable supply deal from Taiwan, reinforcing...
Oct 06, 2021 (Gmt+09:00)
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Automobiles
Hyundai to develop alternatives to automotive chips
Hyundai Motor Co., South Korea’s top automaker, plans to develop alternative elements to automotive chips in preparation for a prolonged suppl...
Sep 28, 2021 (Gmt+09:00)
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Automobiles
LG Elec to start automotive cybersecurity business
South Korea’s LG Electronics Inc. is about to start automotive security business, expanding its car electronics technology portfolio by taking...
Sep 23, 2021 (Gmt+09:00)
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Copper
LS-Nikko to boost profit by 4-6% with smart factory
LS-Nikko Copper Inc., the world’s second-largest electrolytic copper maker, is beginning to reap the rewards of its smart factory project bega...
Sep 22, 2021 (Gmt+09:00)
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Copper
LS-Nikko to boost profit by 4-6% with smart factory
LS-Nikko Copper Inc., the world’s second-largest electrolytic copper maker, is beginning to reap the rewards of its smart factory project bega...
Sep 15, 2021 (Gmt+09:00)
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Automobiles
Automotive security in spotlight on growing EV market
The automotive security technology for automotive electronics is in the spotlight as the global electric vehicle market is growing. The information ...
Sep 14, 2021 (Gmt+09:00)