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The Korea Herald

LG

April 23, 2024
LG CNS wins Google Cloud partner awards for second year

South Korean IT solutions provider LG CNS said Tuesday it has been named as the services partner of the year for the second consecutive year at the 2024 Google Cloud Partner Awards. The annual awards recognize the standout performance of both global and regional companies across 14 categories, inc...
April 22, 2024
LG Innotek earns Edison silver for mobile zoom camera

LG Innotek has clinched a silver Edison Award for its ultra-thin optical telephoto zoom camera module for smartphones, marking its second consecutive Edison win, the company said Sunday. The module, which allows for 3x to 5x magnification, brings what the company describes as near-DSLR-quality opt...
April 19, 2024
LG CNS teams up with Yonsei University to nurture AI specialists

South Korean IT solutions provider LG CNS announced Friday that it has partnered with Yonsei University to establish a new Master's degree program dedicated to nurturing intelligent data and optimization specialists. During the signing ceremony on Thursday, LG CNS Chief Executive Officer Hyun Shin...
April 19, 2024
LG Electronics raises $800 million bond for R&D, facilities investments

South Korea's tech giant LG Electronics said Friday it has successfully raised a total of $800 million in a dollar bond deal. The bonds, denominated in US dollars, were issued in two tranches: a three-year bond worth $500 million and a five-year sustainability bond totaling $300 million, according...
April 17, 2024
LG sets W1tr sales goal for built-in appliances by 2027

LG Electronics unveiled the ambitious target of 1 trillion won ($722 million) in sales solely from built-in appliances by 2027 at this year’s Milan Design Week, one of the largest international design and furniture exhibitions. “Within three years, we will be able to make our built-in (appliance...
April 05, 2024
LG Electronics expects Q1 profit to drop 11% despite robust sales

LG Electronics said Friday it expected its first-quarter operating earnings to decline more than 10 percent on-year despite the company strong overall sales of its home appliances. LG estimated that its operating profit for the January-March period came in at 1.33 trillion won ($983.2 million), do...
March 27, 2024
LG Group to funnel W100tr into future tech, growth drivers by 2028

LG Group said Wednesday it will invest 100 trillion won ($74.4 billion) in South Korea by 2028 to sharpen future technologies and seek new growth drivers. Unveiled at the group's annual shareholders meeting in Seoul, the long- and mid-term investment plan places an emphasis on advancing future tec...
March 26, 2024
LG CEO vows to elevate shareholder benefits

LG Electronics Chief Executive Officer Cho Joo-wan vowed "winning" changes and growth to overcome continuing uncertainties in the business environment at the regular shareholders meeting on Tuesday. Organizing this year's shareholders event under the concept of "openness," the chief came to presen...
March 26, 2024
LG Electronics to increase dividend payout ratio

South Korea's major appliances company LG Electronics said Tuesday it will pay out more dividends to its shareholders in a move to increase shareholder value. At an annual shareholders' meeting in Seoul, CEO Cho Joo-wan announced a new shareholder return policy for the next three years, improving ...
March 19, 2024
LG Energy Solution makes breakthrough in battery lifespan

LG Energy Solution, in collaboration with the Korea Advanced Institute of Science & Technology, has made a significant breakthrough in lithium metal battery technology that addresses key challenges regarding its lifespan and safety. This new technology was detailed in the science journal Nature En...
March 12, 2024
LG invests $60m in Silicon Valley robot startup

LG Electronics is making a strategic investment in Bear Robotics in the US in a move to expedite the advancement of its commercial service robotics, the company said Tuesday. The tech giant said it has executed a stock purchase agreement to acquire a stake in Bear Robotics, a prominent Silicon Val...
March 12, 2024
LG Electronics invests $60 mln into US startup Bear Robotics

LG Electronics said Tuesday it has made a $60 million strategic investment in Silicon Valley-based startup Bear Robotics in a move to strengthen its business capabilities in the booming market of artificial intelligence-based service robots. Under a new stock purchase agreement, LG Electronics wil...
March 11, 2024
LG to develop AI model to treat Alzheimer's, cancer

LG Group said Monday that its artificial intelligence research lab is teaming up with US biomedical institution Jackson Laboratory to develop AI models that can be used to treat Alzheimer's disease and cancer. The new partnership comes after the two entities signed a memorandum of understanding in...
March 11, 2024
LG, Qualcomm partner for EV battery monitoring

LG Energy Solution on Sunday announced a partnership with Qualcomm Technologies to develop an intelligent battery monitoring system for electric vehicles, aiming to simplify battery management for EV owners. This collaboration merges LG's expertise in battery management with Qualcomm's Snapdragon ...
March 06, 2024
LG, LS join hands for smart factory leadership

LG Electronics and LS Electric have teamed up to enhance their smart factory leadership and foray into overseas markets together, the companies said Wednesday. Their strategic alliance, formalized through a memorandum of understanding signed Tuesday, aims to leverage the combined technological pro...

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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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