LS Electric Co.
Scope
Date
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Batteries
Ford EV production halt casts doubts over SK cell quality
Ford Motor Co. said on Tuesday it has stopped production and shipments of the F-150 Lightning electric pickup truck due to a possible battery issue,...
Feb 15, 2023 (Gmt+09:00)
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Steel
Hyundai Steel co-hosts symposium on low-carbon construction materials
Hyundai Steel has joined hands with the construction industry to increase the recycling of steel byproducts.On Tuesday, the steel maker organized a ...
Feb 15, 2023 (Gmt+09:00)
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Leadership & Management
Plain sailing for LS with record earnings under Chairman Koo’s leadership
LS Group’s plan to groom new growth engines from batteries to electric vehicles and semiconductors is set to gain impetus after South Korea&rs...
Feb 15, 2023 (Gmt+09:00)
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Steel
POSCO to produce low-carbon steel raw material in Australia
South Korea's top steelmaker POSCO has launched a project in Australia to produce hot briquetted iron (HBI), an essential raw material for the adopt...
Feb 14, 2023 (Gmt+09:00)
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Electric vehicles
LS Cable to inject $53.3 million to set up EV parts JV with HAI
LS Cable & System Ltd. will spend 67.5 billion won ($53.3 million) to set up a joint venture with Austria’s Hammerer Aluminium Industries ...
Feb 10, 2023 (Gmt+09:00)
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Automobiles
Electric vehicles in S.Korea beat diesel cars in sales
Sales of electric vehicles (EVs) in South Korea last year including hybrids surpassed those of diesel cars for the first time due to the price of di...
Feb 10, 2023 (Gmt+09:00)
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Cryptocurrencies
Binance acquires majority stake in S.Korea's crypto exchange Gopax
Binance, the leading cryptocurrency exchange globally, has acquired a majority stake in South Korea's Gopax by purchasing CEO Lee Joon-haeng's 41.2%...
Feb 09, 2023 (Gmt+09:00)
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ESG
Chanel Korea to power its stores with renewable energy
Chanel Korea has taken a step toward reducing its carbon footprint by signing a memorandum of understanding (MOU) with Korea East-West Power. The ag...
Feb 09, 2023 (Gmt+09:00)
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Automobiles
Hyundai's IONIQ 5 named Best Electric Vehicle of 2023 in US
Cars.com, a US automobile evaluation website, named the Hyundai Motor Co.'s IONIQ 5 as the Best Electric Vehicle of 2023 on Tuesday. According to Hy...
Feb 08, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LS Electric receives int'l certification for R&D process security
LS Electric Co., a South Korean electric power and automation equipment maker, has achieved a major milestone by obtaining international standard ce...
Feb 06, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus, LS Electric partner to support S.Korea's small businesses
LG Uplus Corp., South Korea’s third-largest mobile carrier, said on Friday that it has entered into a partnership with LS Electric Co. to expa...
Feb 03, 2023 (Gmt+09:00)
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Batteries
LG Energy inks $3.3 bn ECV battery deal for N.America, Europe
LG Energy Solution Ltd., the world’s third-largest secondary battery maker, has inked a supply deal estimated up to $3.3 billion for North Ame...
Feb 02, 2023 (Gmt+09:00)
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Energy
Korea’s Hyundai Electric wins $86 mn transformer deal in US
Hyundai Electric & Energy Systems Co., a power equipment and energy solution affiliate of the world’s largest shipbuilding group holding c...
Jan 31, 2023 (Gmt+09:00)
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Construction
LS Electric builds rail signal system in Taiwan for $39.8 million
South Korea's LS Electric Co. on Friday said the Railway Bureau of the Taiwanese Ministry of Transportation and Communications named the company the...
Jan 27, 2023 (Gmt+09:00)
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Electronics
Samsung launches 2023 wind-free air conditioner
South Korea's electronics giant Samsung Electronics Co. has released a lineup of new air conditioners that consume less energy.At the "New Air Solut...
Jan 26, 2023 (Gmt+09:00)
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Electronics
Doosan participates in Asia's largest electronics exhibition
South Korea's Doosan Corp. is participating in Nepcon Japan 2023 held at Tokyo Big Site, Japan, from Jan. 25 through 27 to showcase its high-end tec...
Jan 26, 2023 (Gmt+09:00)
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Energy
KT Submarine to buy cable laying barge from key shareholder
South Korea’s undersea cable company KT Submarine Co. plans to buy a cable laying barge from LS Cable & System Ltd., its major shareholder...
Jan 26, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor sells 1 mn electric vehicles worldwide
In 11 years since Hyundai Motor Group started selling electric vehicles (EVs), the cumulative sales volume of EVs in the global market has finally s...
Jan 25, 2023 (Gmt+09:00)
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Automobiles
Ssangyong Motor takes part in Brussels Motor Show
Ssangyong Motor Co. said on Monday that it would participate in the 2023 European Motor Show Brussels and begin to move into the European market in ...
Jan 16, 2023 (Gmt+09:00)
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Electric vehicles
LS Cable & System develops flexible, stronger aluminum alloy
LS Cable & System Ltd., together with its aluminum materials affiliate LS Alsco, has developed a new aluminum alloy that can replace copper wire...
Jan 12, 2023 (Gmt+09:00)
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Energy
Hyundai Electric to switch to 100% renewable energy by 2040
Hyundai Electric, a power equipment and energy solution affiliate of HD Hyundai, said on Thursday it would convert 100% of the electricity used at a...
Dec 29, 2022 (Gmt+09:00)
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Electric vehicles
LS Cable abandons round wire to focus on higher-value EV wire
LS Cable & System Ltd. has decided to give up the round wire business to concentrate on higher-value-added products used in electric vehicles (E...
Dec 29, 2022 (Gmt+09:00)
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ESG
Hyundai Rotem's new braking technology acquires green certification
Hyundai Rotem, a South Korean railway rolling stock supplier under Hyundai Motor Group, acquired a green certification for its zero-speed regenerati...
Dec 27, 2022 (Gmt+09:00)
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Business & Politics
Doosan Enerbility to introduce ammonia co-fired power plant in Vietnam
Doosan Enerbility Co. plans to introduce an ammonia co-fired power plant in Vietnam jointly with South Korean and Vietnamese research institutes.Sou...
Dec 23, 2022 (Gmt+09:00)
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Food & Beverage
Korean confectionery and snack co. Orion enjoys brisk sales in Vietnam
South Korea’s confectionery and snack maker Orion Corp. is enjoying rapid growth in Vietnam, thanks to brisk sales of the Choco-Pie, a chocola...
Dec 22, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai Motor's compact SUV Kona gets bigger
Hyundai Motor Co. on Tuesday unveiled the new design of its compact SUV the new "all-new Kona."The all-new Kona is a second-generation model being i...
Dec 20, 2022 (Gmt+09:00)
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Carbon neutrality
LG Chem, GS EPS to build $248 million biomass power plant
LG Chem Ltd., South Korea’s top chemicals maker, said on Tuesday it has signed a contract with GS EPS Co. to build a 320 billion won ($248 mil...
Dec 20, 2022 (Gmt+09:00)
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Machinery
S.Korea's LS Mtron opens center to reinforce global logistics
LS Mtron, the heavy machinery and advanced parts-making unit of South Korea's LS Group, on Monday said it completed the LS Mtron Parts and Solution ...
Dec 19, 2022 (Gmt+09:00)
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Electronics
Kiturami's carbon mats, hot ticket in Korea this winter
Convenience and less heating costs have been changing the shape of South Korea's heated mat market which has been traditionally led by electric mats...
Dec 16, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korean PE firm Hahn & Co to sell used-car platform K Car
South Korean private equity firm Hahn & Co. is set to sell a majority stake in local used-car trading platform K Car Co. as its initial public o...
Dec 16, 2022 (Gmt+09:00)