LG Uplus web 3.0
Scope
Date
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Construction & Planning
Samsung C&T-Sumitomo consortium wins $3.7 billion Qatar project
An international consortium involving South Korea’s Samsung C&T Corp. and financial firms has won a $3.7 billion project to build a desali...
Nov 26, 2024 (Gmt+09:00)
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Central bank
BOK to keep rate at 3.25% in Nov despite dim GDP outlook: survey
South Korea’s central bank is expected to freeze its policy rate at 3.25% during its last monetary policy meeting of the year to prevent any f...
Nov 26, 2024 (Gmt+09:00)
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Banking & Finance
Woori Bank to arrange $3.7 bn for Qatar desalination, power plant
South Korea's Woori Bank said on Tuesday it will arrange the Qatar Ras Abu Fontas desalination and power plant project, estimated to cost $3.7 billi...
Nov 26, 2024 (Gmt+09:00)
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Corporate governance
LG Group affiliates unveil value-up plans
LG Group affiliates— LG Display Co., LG Innotek, LG Chem Ltd., and LG Energy Solution Ltd. —unveiled their ambitious growth strategies o...
Nov 22, 2024 (Gmt+09:00)
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Electronics
Apple supplier LG Innotek to invest $268.4 mn in Vietnam in 2025
South Korea’s LG Innotek Co., a major contractor for Apple Inc., said on Thursday it plans to spend 375.9 billion won ($268.4 million) next ye...
Nov 22, 2024 (Gmt+09:00)
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Leadership & Management
LG Group carries out modest management reshuffle
Cho Joo-wan will continue to lead LG Electronics Inc. as chief executive after its parent LG Group on Thursday carried out modest reshuffles in its ...
Nov 21, 2024 (Gmt+09:00)
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Electronics
Samsung Electronics, LG Uplus to jointly develop ixi-O AI smartphone
South Korean tech giant Samsung Electronics Co. has joined forces with mobile carrier LG Uplus Corp. to unveil an AI smartphone embedded with a high...
Nov 21, 2024 (Gmt+09:00)
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Batteries
LG Chem signs deal to secure 100,000 tons of lithium from ExxonMobil
South Korea’s top chemicals maker LG Chem Ltd. said on Thursday it has signed an initial agreement to secure a key battery material from US mu...
Nov 21, 2024 (Gmt+09:00)
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Energy
LS Cable, Denmark's CIP sign LOI for floating offshore wind
South Korea's LS Cable & System Ltd. said on Wednesday that it signed a letter of intent (LOI) for offshore wind cooperation with Copenhagen Inf...
Nov 20, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Electro-Mechanics gets European certification for camera SW
South Korea's Samsung Electro-Mechanics said on Wednesday it obtained Automotive SPICE (A-SPICE) Level 3 certification for its vehicle camera modu...
Nov 20, 2024 (Gmt+09:00)
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Electronics
LG Electronics rises to global prominence in HVAC segment, ranks fifth
LG Electronics Inc., a leading South Korean home appliance maker, has emerged as one of the world’s top five players in the heating, ventilati...
Nov 20, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Glenwood buys three waste management firms for about $190 mn
Glenwood Private Equity on Tuesday signed an agreement to buy three waste management companies from small South Korean business group Bubang for aro...
Nov 19, 2024 (Gmt+09:00)
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Batteries
LG Energy to supply 2170-type cells to Bear Robotics
South Korea’s LG Energy Solution Ltd. said on Monday it has signed an initial agreement to supply cylindrical battery cells to Bear Robotics I...
Nov 18, 2024 (Gmt+09:00)
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Electronics
LG Display to invest extra $1 bn in Vietnam OLED plant
LG Display Co. will invest an additional $1 billion in Vietnam over the next five years to ramp up organic light-emitting diode (OLED) panel output,...
Nov 17, 2024 (Gmt+09:00)
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Electric vehicles
Korean EV, battery makers to suffer from Trump’s plan to end incentives
WASHINGTON/SEOUL — US President-elect Donald Trump’s transition team is seeking to eliminate federal incentives for electric vehicles, d...
Nov 15, 2024 (Gmt+09:00)
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Electronics
LG to expand appliance subscriptions to India to speed up leasing business
LG Electronics Inc., the leading global home appliance maker, is considering expanding its subscription service into new overseas markets, such as I...
Nov 14, 2024 (Gmt+09:00)
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Batteries
LG Energy bags 8-GWh ESS deal from Terra-Gen in US
LG Energy Solution Ltd. will supply US renewable energy power producer Terra-Gen LLC with an energy storage system (ESS) with an 8 Gigawatt-hour (GW...
Nov 14, 2024 (Gmt+09:00)
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Electric vehicles
BYD to debut passenger EVs in South Korea in 2025
China’s electric vehicle giant BYD Co. will debut in the South Korean passenger car market next year with premium models in hopes of becoming ...
Nov 13, 2024 (Gmt+09:00)
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Electronics
LG Electronics to conduct safety training using VR
South Korea's home appliance giant LG Electronics Inc. announced on Wednesday that it has signed a memorandum of understanding (MOU) with the Nation...
Nov 13, 2024 (Gmt+09:00)
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E-commerce
Coupang launches Rocket Pet Doctor 2.0 with personalized pet nutrition
Coupang Inc., South Korea’s largest e-commerce platform, said on Wednesday that it has launched "Rocket Pet Doctor 2.0," an upgraded personali...
Nov 13, 2024 (Gmt+09:00)
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Electronics
LG Electronics, Tenstorrent in strategic tie-up for AI chip advancement
South Korea’s home appliances giant LG Electronics Inc. and Toronto-based fabless AI chip designer Tenstorrent Inc. have agreed to expand thei...
Nov 12, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus tests energy efficiency tech for 6G network
South Korea’s LG Uplus Corp. said on Tuesday it tested the All-Photonic Transport Network, a key technology designed to reduce power consumpti...
Nov 12, 2024 (Gmt+09:00)
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Leadership & Management
SK to nurture 10,000 AI talent, introduce Board 2.0 to enhance governance
SK Group, South Korea’s second-largest conglomerate, said on Monday it plans to nurture 10,000 artificial intelligence professionals over the ...
Nov 11, 2024 (Gmt+09:00)
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Batteries
SpaceX to use LG Energy batteries for Starship rocket
Spacecraft manufacturer SpaceX, led by Elon Musk, will use LG Energy Solution Ltd.'s batteries for its next-generation Starship rocket, marking its ...
Nov 11, 2024 (Gmt+09:00)
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Electronics
LG Display develops industry's most flexible display
LG Display Co., South Korea’s leading display maker under LG Electronics Inc., has developed the industry’s first display that can be st...
Nov 11, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Electronics accelerates foray into private 5G service
LG Electronics Inc.'s push to expand its presence in the burgeoning private 5G network market is poised to gain traction. The South Korean electroni...
Nov 10, 2024 (Gmt+09:00)
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Aerospace & Defense
Korea’s HD Hyundai, Hanwha fail to win $7.3 bn Australian navy deal
HD Hyundai Heavy Industries Co. and Hanwha Ocean Co. failed to win a $7.3 billion deal to build frigates for the Australian Navy, industry sources a...
Nov 08, 2024 (Gmt+09:00)
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Batteries
LG Energy to supply EV batteries to Rivian in $6.7 bn deal
LG Energy Solution Ltd., the world’s third-largest battery maker, is set to supply cells to Rivian Automotive Inc., a US electric vehicle manu...
Nov 08, 2024 (Gmt+09:00)
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Artificial intelligence
LG’s telecom unit to spend $2.1 bn on transition into AX company
LG Uplus Corp., South Korea’s No. 3 mobile carrier, plans to invest up to 3 trillion won ($2.1 billion) in artificial intelligence and foster ...
Nov 07, 2024 (Gmt+09:00)
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Electronics
LG unveils AI-powered commercial washers, dryers in renewed B2B push
South Korean home appliances giant LG Electronics Inc. is stepping up efforts to enhance its presence in the global business-to-business (B2B) marke...
Nov 07, 2024 (Gmt+09:00)
Latest News
- 1 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 2 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 3 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 4 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google
- 5 Kookmin Bank raises $700 mn in forex bonds amid strong demand