Kakao, Google to partner on on-device AI, smart glasses
Kakao Corp., South Korea's largest mobile platform, will collaborate with Google Inc. to develop on-device artificial intelligence (AI) services, in...
Lotte Wellfood weighs India IPO for ice cream unit
Lotte Wellfood Co. is considering a potential listing of its Indian ice cream subsidiary to capitalize on fast-growing demand for ice cream in the w...
UK activist Palliser calls on LG Chem to remedy valuation gap, governance
UK-based activist investor Palliser Capital Ltd. has submitted shareholder proposals ahead of South Korean chemical giant LG Chem Ltd.'s annual gene...
As investors chase stocks, Korea’s bond market runs dry
South Korean companies are finding it increasingly difficult to raise funds in the bond market as rising yields and a shift of investor money into e...
Rising bond yields push Korean firms toward shorter financing as rate cut hopes dim
South Korean companies are increasingly turning to shorter-maturity financing as fading expectations for interest rate cuts push bond yields higher,...
Macquarie exits LG CNS with over $701 million gain
Macquarie Asset Management has fully exited LG CNS Co., the information technology services arm of South Korea’s LG Group, through an after-ho...
Tesla, Chinese robot makers turn to Korea for humanoid batteries
South Korean battery makers are emerging as pivotal suppliers in the global race to commercialize humanoid robots, led by LG Energy Solution Ltd., w...
SK On to build fully ‘Made In Korea’ LFP batteries for ESS to cut reliance on Chinese materials
SK On Co., a major South Korean battery maker, plans to launch lithium iron phosphate (LFP) batteries built almost entirely from domestic components...
Cooling in US electric vehicle market ripples through Korea’s battery supply chain
A sharp cooling in the US electric vehicle market is rippling through South Korea’s battery supply chain, exposing the vulnerability of Korean...
LG Energy scraps $2.8 bn US contract in 2nd supply cancellation in December
LG Energy Solution Ltd. said on Friday it has agreed to terminate a $2.8 billion battery supply contract with battery pack maker Freudenberg Battery...
Samsung Electronics to develop in-house GPU for on-device AI products by 2027
Samsung Electronics Co., the world’s top memory chipmaker, is planning to launch an application processor (AP) equipped with a fully proprieta...
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...
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...
Global smart money piles into S.Korea’s hedge funds as Kospi leads world
Eager not to miss a rare window for outsized gains, heavyweight global investors, from sovereign wealth funds to family offices and university endow...
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...
