LG Group Chairman Koo Kwang-mo visited a joint venture between the group‘s battery making affiliate and U.S. carmaker General Motors Co. in Ohio, industrial sources said Tuesday. 　 　Koo has recently toured the No. 1 plant of Ultium Cells LLC, a joint venture between GM and LG Energy Solution Ltd. that hived off from LG Chem last year, according to the sources. 　 　Ultium Cells’ No. 1 plant is set to produce EV batteries during the second half of the year, with two more plants under c

Awarded the GM 'Supplier Quality Excellence Award' of the U.S. for 5 consecutive years. The company proved the globally competitive quality of its automotive components. Innovate customer experience by next-generation automotive components with perfect quality. SEOUL, South Korea, Sept. 20, 2022 /PRNewswire/ -- On September 20, LG Innotek (CEO, Cheol-Dong Jeong) has been recognized for the quality of its vehicle components as the company has won the best supplier award from U.S.-base

LG Uplus, South Korea’s third-largest telecom operator by market share, has pledged to increase the sales proportion of non-telecommunication services to 40 percent of the total by 2027 with a focus on developing platform businesses. “Now moving beyond the area of traditional telecom businesses, we are looking to open up the era of ‘U+3.0’ that creates data- and technology-based platforms and services centered around customers to discover future growth engines,” sa

Company to Introduce Unique Character Figures and Toy Home Appliances During Berlin's Annual Tech Showcase BERLIN, Sept. 2, 2022 /PRNewswire/ -- LG Electronics (LG) in collaboration with PLAYMOBIL®, Germany's renowned toy manufacturer, is set to unveil an exclusive collection of LG-themed toys at IFA 2022 in Berlin. The adorable, new figures and toy appliances will be available from next year at a series of online and offline events aligned with LG's commitment to creating F.U.N (Firs

SEOUL, South Korea, Aug. 31, 2022 /PRNewswire/ -- Today, Great Place to Work® announced its 2022 Best Workplaces in Asia. The list is based on over 1 million survey responses across Asia and the Middle East, representing the experience of more than 4.7 million employees in the region. This recognition is based on confidential survey data assessing employee experiences of trust, innovation, company values and leadership. Companies are also evaluated on how well they are cre

South Korean stocks finished higher Tuesday, as investors moved to buy beaten-down shares while digesting the possibility of the U.S. Federal Reserve keeping its aggressive monetary tightening stance. The Korea Composite Stock Price Index (KOSPI) rose 24.04 points, or 0.99 percent, to close at 2,450.93. Trading volume was rather slim at 327.21 million shares worth 6.69 trillion won ($4.97 billion), with winners far outnumbering losers 647 to 208. Institutions and foreign investors unloaded a net

SEOUL, South Korea, Aug. 29, 2022 /PRNewswire/ -- LG Energy Solution (LGES; KRX: 373220) and Honda Motor Co., Ltd. (NYSE:HMC) today announced an agreement to establish a joint venture (JV) company to produce lithium-ion batteries in the U.S. to power Honda and Acura EV models for the North American market. With this agreement, LGES and Honda will invest a total of USD $4.4 billion and establish a new JV plant in the U.S. The plant aims to have an annual production capacity of approximatel

LG Uplus Corp., South Korea's third-largest mobile carrier, said Wednesday it has rebranded its K-pop content platform and has newly enabled official foreign language support for foreign users. The company's U+ Idol Live platform has been renamed as Idol Plus and its menu and subtitles now officially support English, Chinese, Japanese, Thai and Indonesian, in addition to Korean. LG Uplus said it has analyzed overseas customer usage during its beta web service period since November in s

South Korean shares opened higher Monday amid lingering concerns that the global economy is teetering on the brink of a recession. The benchmark Korea Composite Stock Price Index added 9.94 points, or 0.42 percent, to trade at 2,403.08 in the first 15 minutes of trading. Foreigners and institutions went on a buying mode, while retail investors sold shares. Last Friday, U.S. stocks ended lower on tech losses. The Dow Jones Industrial Average fell 0.43 percent, the tech-heavy Nasdaq Composite decr

South Korean stocks ended higher Wednesday, as investor sentiment was boosted by Wall Street gains and the expected resumption of Russian gas to Europe. The Korean won gained ground against the U.S. dollar. The Korea Composite Stock Price Index rose 15.88 points, or 0.67 percent, to close at 2,386.85. Trading volume was moderate at 328.96 million shares worth 7.36 trillion won ($5.61 billion), with gainers outstripping decliners 630 to 228. Retail investors picked up shares worth a net 65.73 bil

Link enhances the usability of JupyterLab, offering more readable pipelines and improved collaboration while eliminating Kubernetes' technological hurdles. SEOUL, South Korea, June 28, 2022 /PRNewswire/ -- MakinaRocks, an AI-based startup specializing in manufacturing and industrial solutions, today launched a community version of its AI and Machine Learning (ML) modeling tool MakinaRocks Link™ (hereafter referred to as "Link"), making their industry-changing technology available fo

CANCUN, Mexico, June 27, 2022 /PRNewswire/ -- Together with GSMA Intelligence and ITU, Huawei hosted the LATAM ICT Congress 2022, aiming to build a global industry communication platform and promote the rapid development of 5G and digital transformation in Latin America. Representatives from operators, regulators, industry organizations, 5G ecosystem partners, analysts, and media partners attended the congress. LATAM ICT Congress 2022 Focusing on the theme — MBB Lighting up Digit

Seoul shares opened higher Monday, tracking gains on Wall Street last week, with investors staying cautious about high inflation and further rate hikes. The Korea Composite Stock Price Index (KOSPI) rose 10.35 points, or 0.44 percent, to 2,376.95 in the first 15 minutes of trading. On Friday, the Dow Jones Industrial Average rose 2.7 percent to 31,500.68 points and the tech-heavy Nasdaq climbed 3.3 percent to 11,607.62 points. In Seoul, technology stocks were lead gainers. Market bellwether Sams

LEXINGTON, Mass., May 27, 2022 /PRNewswire/ -- CAMX Power LLC (CAMX) announces it consented to Johnson Matthey Plc (JM) transferring its GEMX® and CAM-7® cathode license to EV Metals Group Plc (EVM). JM had previously obtained the license from CAMX, practicing it in its cathode business. JM has made the license part of the sale of its cathode business to EVM. "When JM announced its exit from this sector in November 2021, CAMX was informed that the decision was based on JM's stra

Rainer Zietlow sets a new record for the highest climb in an electric vehicle The electric vehicle, powered by LG Energy Solution's battery cells and modules, reaches an altitude of 5,816 meters on Bolivian volcano SEOUL, South Korea, May 24, 2022 /PRNewswire/ -- LG Energy Solution (LGES; KRX: 373220) became a part of history today, as Rainer Zietlow, a world-record driver, set another world record with an electric vehicle powered by LGES batteries. Zietlow and his Challenge4 team