LG Energy's $6.5 bn EV battery supply deal with Ford terminated
LG Energy Solution Ltd. said on Wednesday that its long-term electric vehicle battery supply agreement with Ford Motor has been terminated following...
Hanwha heirs reshape ownership as group moves closer to succession, IPO
Two of the three sons of Kim Seung-youn, the chairman of South Korea’s Hanwha Group, are selling significant stakes in Hanwha Energy Corp., a ...
SK On to build LFP battery plant in Korea for ESS output, targeting $13.5 billion govt projects
SK On Co., a major South Korean battery maker, has decided to build the country’s largest domestic production line for lithium iron phosphate ...
Ford, SK On to unwind BlueOval JV amid prolonged EV slump
Ford Motor Co. and South Korea’s battery maker SK On Co. are dismantling one of the most ambitious battery alliances formed during the US EV b...
LG Energy signs $1.4 bn supply deal with Mercedes-Benz, likely involving LFP batteries
LG Energy Solution Ltd. has signed a $1.4 billion battery supply deal with Mercedes-Benz, marking the fourth supply agreement with the German carmak...
LG to supply AI infrastructure solutions to Microsoft worth billions of dollars annually
LG Group’s key units, including LG Electronics Inc. and LG Energy Solution Ltd., signed a memorandum of understanding (MOU) with Microsoft Cor...
LG Electronics, LG Chem appoint new CEOs in generational leadership change
LG Group, South Korea’s fourth-largest conglomerate, has launched a sweeping generational shift at the top of its flagship businesses, replaci...
Korea’s energy minister whips laggards to follow suit as Lotte, HD Hyundai shrink naphtha capacity
South Korea’s long-delayed overhaul of its petrochemical industry is gaining momentum after Lotte Chemical Corp., the country’s largest ...
SK Earthon adds North Ketapang block in drive to create Southeast Asia energy hub
SK Earthon Co. is accelerating its expansion across Southeast Asia’s oil and gas frontiers, securing a fresh stake in a promising Indonesian o...
South Korea, UAE to jointly pursue nuclear energy exports; Seoul to join Stargate UAE project
South Korea and the United Arab Emirates (UAE) have agreed to jointly pursue nuclear energy exports to third countries, while Seoul is also poised t...
Hyundai, Samsung, SK, LG vow massive domestic investment
South Korea’s top four conglomerates — Samsung, Hyundai Motor, SK and LG — are cranking up domestic investment as Asia’s No....
LG Chem wins $2.6 billion cathode deal with US client
LG Chem Ltd. has secured a 3.8 trillion won ($2.6 billion) contract to supply cathodes, a key material in lithium-ion batteries, to a US customer, S...
Samsung’s Jay Y. Lee, LG’s top brass discuss cooperation with Mercedes-Benz chief in Seoul
Samsung Electronics Co. Chairman Lee Jae-yong and Mercedes-Benz Chief Executive Ola Källenius met in Seoul on Thursday to discuss expanding coo...
In Korea, it’s time to go public; IPOs roaring back as big names line up to list
South Korea’s moribund initial public offering (IPO) market is springing back to life with a wave of high-profile companies set to go public, ...
Beyond shopping: Central Department Store’s Korean fashion play
In Bangkok’s bustling Gangnam-equivalent of Chidlom, where cafe culture meets couture, Thailand’s largest department store chain, Centra...
Macquarie unloads 7% stake in LG CNS via $310 mn block sale at 9% discount
Private equity firm Macquarie Asset Management has sold about 7% of its stake in LG CNS Co., the IT services unit of South Korea’s LG Grou...
Samsung SDI set to supply ESS batteries to Tesla amid industry shift toward US-made parts
Samsung SDI Co. is set to clinch its first large-scale battery supply agreement with Tesla Inc., a deal for energy storage systems (ESS) estimated a...
Hyundai Motor's Chung, Saudi Arabia’s crown prince discuss cooperation beyond autos
Hyundai Motor Group, South Korea’s largest automaker, is setting its sights on next-generation energy ventures in Saudi Arabia, expanding its ...
Private credit to emerge as structural solution beyond mid-risk, mid-return assets: KIC
Private credit is expected to continue growing as a mainstream asset class, providing a structural financing solution for small and medium-sized ent...
Palliser Capital cites LG Chem as most discounted Korean stock, lifting shares
Activist fund Palliser Capital said on Tuesday that LG Chem Ltd. trades at a 74% discount to its net asset value, the widest among the units of all ...
South Korea’s top business leaders likely to meet US President Trump at Mar-a-Lago
The leaders of South Korea’s top four conglomerates are expected to meet US President Donald Trump at his Mar-a-Lago estate in Florida this we...
LG to power future growth with Indian unit’s blockbuster IPO
LG Electronics Inc.'s Indian unit is poised to make history in India’s equity market, with its planned 1.8 trillion won ($1.3 billion) listing...
OCI invests $78 mn in Vietnam wafer plant for US solar expansion
South Korean solar cell company OCI Holdings Co. is deepening its advance into the US clean energy market with a $78 million investment in a wafer m...
Kospi surges past 3,600 for 1st time in post-holiday catch-up rally
South Korea’s stock market extended its record-breaking run on Friday, surging past the 3,600-point mark for the first time in its history.Sem...
LG Electronics eyes completion of Indian unit’s IPO process by October
LG Electronics Inc. has moved ahead with the long-delayed initial public offering of its wholly owned Indian subsidiary, aiming to complete the proc...
LG Group chief urges ‘select and focus’ strategy to boost structural competitiveness
LG Group Chairman Koo Kwang-mo on Thursday urged structural reforms led by a “select and focus” strategy to sharpen the group’s co...
Lee to address UN general assembly; no bilateral meeting with Trump planned
South Korean President Lee Jae Myung will head to New York on Sunday to deliver a keynote address at the United Nations General Assembly and preside...
LG Electronics expands voluntary retirement companywide
LG Electronics Inc. is extending its voluntary retirement across the company, broadening it beyond its struggling television division as the South K...
LG Chem to raise up to $2.2 bn in Korea’s largest PRS deal, backed by LG Energy stake
South Korea’s leading chemicals maker, LG Chem Ltd., has set out to raise as much as 3 trillion won ($2.2 billion) through a stock-linked fina...
Korea’s major US investment projects halted as detained LG Energy workers set for release
ELLABELL, Georgia – The South Korean government has secured the release of about 300 nationals detained following a raid by US authorities on ...
