Korean chemical giant joins hands with ADM of the U.S.
LG Chem, South Korea’s largest chemical company, announced this week that it had signed an agreement with ADM from the United States to cooperate in churning out plant-based bioplastics.
Under the...
Virus pandemic does not chip away at bottom lines of big firms
Due to the virus pandemic this year, most South Korean companies are struggling to find their feet because consumers are less ready to spend. But not all players...
Home appliance giant vies to tap into global markets
LG Electronics strives to expand its footing in the global clothing care market by tapping into more than 50 international markets with its advanced dryers this year.
The Seoul-based company said May...
LG faces mixed responses on Korean stock exchange
Samsung Electronics saw its share price rise for three consecutive days after it announced its second-quarter performance of double-digit growth in bottom lines.
The Seoul-based tech giant said on July 7 that it...
Korean chemical giant expands biz horizon
South Korea’s LG Chem announced on Oct. 18 that it would spend $566 million to acquire AVEO Oncology, a biopharmaceutical company based in the United States.
LG Chem noted that its life sciences division would...
Tech giant taps into new business
South Korea’s LG Electronics announced on May 26 that it had started rolling out electric vehicle chargers in line with the global trends of electrifying mobility.
Four models were disclosed, including a 7kW wall-mounted product...
Chemical giant approaches record high in Korea stock exchange
LG Chem managed to bounce back in the South Korean stock market after struggling a while due to the controversial decision to split off its electric vehicle (EV) battery unit.
Late last...
When it comes to smartphones, Samsung Electronics steals the show this month with its foldable phone (Galaxy Fold), flagship model (Galaxy S10) and budget devices (Galaxy A30 and A50).
LG Electronics by no means sits idly to see its cross-city...
Korean tech giant will focus on AI and EV parts
The world’s handset producers compete to fold their smartphones. In comparison, Korea’s LG Electronics is set to fold its mobile phone business due to mounting losses.
The Seoul-based firm said this...
Joint venture will invest $2.6 billion to create 1,700 jobs
Ultium Cells, the joint venture of LG Energy Solution and General Motors, recently said that it will build the third battery cell plant in the United States, which will start...
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Upbit successfully detects crypto frauds
Korean outfit comes up with advanced anti-fraud system
South Korea’s leading crypto-exchange Upbit announced on Sept. 26 that the outfit had discovered fraudulent exchanges amounting...
