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 ...

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...

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...

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...

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...

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...

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 ...

US raid on Hyundai-LG plant seen as 2026 midterm gambit

NEW YORK – A surprise raid by US Immigration and Customs Enforcement (ICE) on a Hyundai-LG battery plant project in Georgia may be part of the...

S.Korea rattled by detention of hundreds of workers at Hyundai-LG battery JV in sweeping US raid

Several hundred workers at an electric vehicle battery joint venture between Hyundai Motor Co. and LG Energy Solution Ltd., which is currently und...

LG Energy Solution wins $11 billion battery supply deal from Mercedes-Benz

LG Energy Solution Ltd., one of the world’s top battery makers, has won an order to supply electric vehicle batteries to German automotive gia...

Whirlpool alleges Samsung, LG rejigged product transfer prices to lower US tariffs

NEW YORK – Whirlpool Corp., the world’s top home appliances maker, has lodged a complaint with the White House, alleging that South Kore...

LG Corp. retires $180 million worth of treasury shares, offers 1st interim dividend

LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, said on Thursday that it will retire 3.03 million treasur...

K-beauty giant LG H&H puts Coca-Cola bottling unit, other beverage assets up for sale

LG H&H Co., South Korea’s second-largest cosmetics firm after Amorepacific Corp., has put its prized Coca-Cola bottling subsidiary and oth...

LG to unveil new energy-saving fridges, washer-dryers at IFA 2025

LG Electronics Inc. will unveil 25 new refrigerator and washer-dryer models tailored for the European market at IFA 2025, the company said on Tuesda...

LG CNS to build AI data center in Vietnam, accelerating Southeast Asia push

LG CNS Co. will build a hyperscale artificial intelligence data center for Vietnam’s state-run telecom giant Vietnam Posts and Telecommunicati...

LG expands appliance subscription service to Singapore

LG Electronics Inc. has introduced a subscription service in Singapore for home appliances ranging from water purifiers to air conditioners, refrige...

LG Chem sells dermal filler business to VIG Partners for $144 mn

South Korea’s leading chemical company LG Chem Ltd. has agreed to sell its dermal filler business to the country’s major buyout fund VIG...

LG CNS to build AI data center in Indonesia, first for Korean firm

LG CNS Co., the information technology services unit of South Korea’s LG Group, has bagged a deal to build an artificial intelligence-ready da...

Naver, LG, SK, NC, Upstage named to build S.Korea’s sovereign AI model to challenge ChatGPT

South Korea has chosen five technology firms, including LG, Naver and SK Telecom Co., to spearhead the country’s flagship sovereign AI initi...