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The Korea Herald

LG

November 22, 2024
LG Innotek invests W376b for Vietnam facility

LG Innotek said Friday it would invest 375.9 billion won ($268.3 million) in a facility in Vietnam to respond to new models in the optical solutions business and enhance its competitiveness. The investment period will extend until Dec. 31. of the following year. The new investment is part of the ...
November 22, 2024
LG chooses stability in leadership reshuffle amid uncertainties

LG Group chose stability in its year-end executive reshuffle on Thursday, rather than seeking drastic changes in the top brass amid growing uncertainties surrounding the business environment at home and abroad. Most CEOs at key affiliates retained their jobs, considering their experiences in tackl...
November 12, 2024
LG, Tenstorrent to bolster AI chip partnership

LG Electronics Chief Executive Officer Cho Joo-wan recently met with Jim Keller, CEO of US-based AI chip startup Tenstorrent, to discuss expanding their partnership in the AI chip sector, the Korean tech giant said Tuesday. During their meeting in Seoul earlier this month, the two top executives e...
November 10, 2024
LG Display unveils world's most stretchable display

By Jo He-rim ( herim@heraldcorp.com )
November 07, 2024
LG Uplus eyes W3tr investment in AI by 2028

LG Uplus CEO Hwang Hyeon-sik said Thursday the company would invest up to 3 trillion won ($2.15 billion) in the telecom carrier's artificial intelligence business over the next four years. The announcement came as the CEO introduced the company's AI transformation strategy during a press briefing ...
November 06, 2024
LG wins top patent award for AR navigation tech

LG Electronics received the top recognition from the country’s patent agency for its advanced vehicle augmented reality technology used to guide drivers on complex and unfamiliar roads on Wednesday. At this year’s Patent Technology Awards hosted by the Korean Intellectual Property Office, LG Ele...
October 31, 2024
LG’s transparent OLED TV makes Time's best inventions list

The world’s first wireless and transparent OLED TV and a premium built-in appliance introduced by LG Electronics have been selected among the 200 best inventions of the year by Time magazine. The transparent OLED TV, dubbed LG Signature OLED T, was included in the consumer electronics criteria, a...
October 23, 2024
LG Electronics unveils 2030 vision to boost corporate value

LG Electronics on Tuesday announced a mid-to-long-term plan to boost the company’s corporate value, with a goal to achieve sales of 100 trillion won ($72.6 billion) by 2030. The new announcement comes about two months after it said it would participate in the government’s Value-up Program, being...
October 17, 2024
LG Uplus chief stresses quality in AI innovations

LG Uplus CEO Hwang Hyeon-sik on Wednesday stressed service quality as the top priority in the telecom carrier’s ongoing efforts for artificial intelligence-based corporate transformation or AX. “The most fundamental aspect of growing into an AX company should be service quality,” the CEO said d...
October 16, 2024
Investors upbeat on LG CNS’ W7tr IPO

South Korean IT solutions provider LG CNS has emerged as a major initial public offering contender for next year as it began the listing process on the country’s main Kospi market earlier this month. Market watchers estimate the firm’s corporate value to reach around 7 trillion won ($5.14 billio...
October 13, 2024
LG Innotek expands global talent hunt

LG Innotek Chief Executive Officer Moon Hyuk-soo is stepping up efforts to recruit top talent from around the globe with the goal of boosting the company's competitive edge in the global market, where it makes the vast majority of its sales, the company said Sunday. Moon recently traveled to the U...
October 08, 2024
LG posts record sales in Q3; profits down on rising costs

LG Electronics on Tuesday expected its third-quarter sales to reach an all-time high of 22.17 trillion won ($16.5 billion), outpacing an earlier market consensus of 21.77 trillion won. But its operating profits during the same period were estimated to have plunged nearly 21 percent to 751.1 billio...
October 04, 2024
LG Display to swing back to profit next year: Analysts

South Korean display maker LG Display is expected to emerge from the red next year as the company speeds up efforts to reorganize its business structure to focus on high-value-added organic light-emitting diode panels, market analysts said Thursday. LG Display has been experiencing consecutive yea...
September 27, 2024
LG chairman urges to “aim higher” at CEO workshop

LG Group Chairman Koo Kwang-mo convened a strategy meeting Wednesday to discuss mid- to long-term management directions with some 40 top executives at LG companies. The meeting, held at LG Inwhawon in Icheon, Gyeonggi Province, began with a discussion on strategies to navigate and respond to the r...
September 25, 2024
LG Innotek develops AI-powered materials monitoring system

LG Innotek said Wednesday that it has developed the industry’s first artificial intelligence that detects defective raw materials for its chip substrates. The new system, combining AI-based material information and image processing technologies, has already been adopted for the company’s product...

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EDITOR'S PICKS

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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