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The Korea Herald

LG

August 13, 2024
Analysts offer rosy H2 outlook for LG Display

LG Display is expected to get out of the red in the latter half of this year, largely buoyed by its increased panel shipments for Apple's new iPhones that debut next month, according to industry sources on Tuesday. Local researchers painted a rosy outlook for LG Display, which has begun stable pro...
August 08, 2024
LG Innotek eyes digital twin tech for better efficiency

LG Innotek announced Thursday that it will expand the integration of digital twin technology throughout its operations in partnership with Ansys, a US engineering simulation software developer. Digital twin technology recreates physical objects in a virtual space to simulate real-world scenarios u...
August 07, 2024
LG debuts Korea’s first open-source AI model

LG Group’s artificial intelligence think tank, LG AI Research, on Wednesday unveiled the third generation of its hyperscale AI multimodal Exaone, providing better performance and cost-efficiency than its predecessors in processing massive amounts of data. To contribute to the development of the A...
July 18, 2024
LG eyes W1tr sales in smart factory solutions by 2030

LG Electronics said Thursday it has set its goal to achieve over 1 trillion won ($724 million) in sales in smart factory solutions business by 2030, by integrating artificial intelligence and digital transformation technologies and manufacturing and production data. “Despite it being the inaugura...
July 16, 2024
LG Electronics sets up HVAC tech lab in Frankfurt

LG Electronics said Monday it has opened a new research lab in Frankfurt, Germany dedicated to developing its heating, ventilation and air conditioning (HVAC) technologies, with a focus on providing practical air solutions for the European market. The Frankfurt facility, covering around 1,000 squa...
July 11, 2024
LGE, Qualcomm chiefs meet to discuss AI partnership

LG Electronics Chief Executive Officer Cho Joo-wan met with Qualcomm CEO Cristiano Amon on Wednesday to discuss their ongoing collaboration on advanced technology, including on-device artificial intelligence and automotive electronics, according to industry sources. On the second day of his trip t...
July 10, 2024
LG Chem vows humanitarian support for Indian victims of 2020 gas leak

LG Chem has pledged to increase humanitarian support for villagers affected by the 2020 gas leak accident at its Indian subsidiary LG Polymers. According to the company on Wednesday, its top executives, including Vice Chairman and CEO Shin Hak-cheol and Chief Financial Officer Cha Dong-seok, visit...
July 05, 2024
LG Electronics ups Q2 earnings guidance on robust sales

LG Electronics said Friday it expected its second-quarter earnings to climb more than 60 percent from a year earlier on robust sales of its main home appliance products and balanced qualitative growth of its business-to-business sector. LG estimated that its operating profit for the April-June per...
June 24, 2024
LG Innotek eyes W2tr in automotive sensor sales by 2030

LG Innotek on Monday set an ambitious goal of achieving 2 trillion won ($1.44 billion) in automotive sensor sales by 2030. The company said it will speed up efforts to adopt its cutting-edge optical technology to diverse future mobility and automotive sensing solutions. Its strategic focus will b...
June 19, 2024
LG, ChargePoint join forces for EV charging biz

LG Electronics said Wednesday it has teamed up with ChargePoint, a leading provider of networked charging solutions for electric vehicles, to leverage their respective strengths for future innovations in EV charging. The two sides recently signed a memorandum of understanding for commercial EV cha...
June 07, 2024
LG Electronics introduces AlphaWare at US auto tech show

LG Electronics introduced AlphaWare, its suite of software solutions for software-defined vehicles, at AutoTech: Detroit 2024, revamping its commitment to expanding business in the automotive market. According to the tech giant on Thursday, it joined the global automotive tech show for the first t...
June 05, 2024
LG CNS debuts new ERP solution at SAP conference

LG CNS said Wednesday that it debuted its new enterprise resource planning solution at the SAP Sapphire 2024 trade show, which kicked off in Orlando, Florida, Monday. PerfecTwin ERP Edition is an automated testing solution based on actual transaction data. It is specifically tailored for SAP’s en...
May 23, 2024
LG, UNESCO to develop online education course on AI ethics

LG AI Research, LG Group’s artificial intelligence think tank, said Wednesday that it has inked a strategic partnership with UNESCO to develop an education course on AI ethics. The partnership, signed on the sidelines of this week’s AI Seoul Summit, LG and UNCESO agreed to convene an advisory gr...
May 20, 2024
XR partnership between LG, Meta falls through

The partnership between LG Electronics and Meta for developing an extended reality device has fallen through, as their joint work turned out to be “less-than-anticipated,” according to industry sources Monday. LG Electronics is still expected to launch its XR device next year as planned, and wil...
May 16, 2024
LG Electronics strengthens medical robot services

LG Electronics joined hands Hanllym University Sacred Heart Hospital as part of its effort to strengthen medical robot services with its “affectionate intelligence” robot, Cloi, the company said on Wednesday. In an agreement, LG and the hospital agreed to collaborate to discover various scenario...

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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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