Following the rise of generative AI led by ChatGPT, the On-Device AI market is now opening up, drawing attention to a new type of memory semiconductor. On-Device AI refers to technology that implements AI functions within information technology (IT) devices like smartphones without relying on server
LG Energy Solution has withdrawn its plans to build a joint venture battery plant in Turkiye with U.S.-based Ford and Turkiye-based Koc Group. Instead, the company will produce battery cells at an existing idle facility and supply them to Ford.LG Energy Solution announced on Nov. 11 that it is withd
Apple is expected to boost LG Display’s performance by increasing the adoption of organic light emitting diode (OLED) displays.According to market research firm Omdia on Nov. 12, Apple is planning to incorporate OLED panels in its upcoming 11-inch and 12.9-inch iPad Pro models. They are expected to
LG Group Chairman Koo Kwang-mo is facing the first inheritance dispute in LG’s history since its founding in 1947. For 75 years, the company had not experienced any property disputes, including control of the business, but it has become embroiled in litigation for the first time in this case.Accordi
With the decision to select the host of the 2030 World Expo only 20 days away, Korean companies that have been making all-out efforts to support Busan’s bid are making a last-ditch effort to help the Korean port city punch its ticket to host the World Expo in 2030 on Nov. 28 (local time).According t
While Korea’s exports rebounded for the first time in 13 months in October, the value of Korea’s exports to Eastern European countries surged. Eastern European countries included Poland, Hungary and Turkiye. In general, they had previously accounted for small proportions of Korea’s exports.The Korea
In the first three quarters of this year, Chinese companies claimed first and second place in the global electric vehicle battery market. The three major Korean battery makers ranked third, fifth, and seventh, respectively.According to market research firm SNE Research on Nov. 7, China’s CATL held t
LG Electronics has opened a heat pump research center in Alaska of the United States to accelerate the development of heating, ventilation, and air conditioning products that deliver high performance even in extreme cold. This is directly related to business-to-business growth, one of the three pill
With the financial authorities deciding to implement a complete ban on short selling by the first half of next year, the South Korean stock market experienced a historic surge on Nov. 6. Secondary battery companies, which had been the primary targets of short sellers, all showed a significant increa
A university professor has pointed out that the holding company system that was introduced to curb the concentration of economic power by large conglomerates is being utilized as a means to maintain corporate control and aid corporate succession by owning families.Shin Young-soo, a professor at Kyun
As the sole company with a comprehensive portfolio in the naval industry, Hanwha Ocean contributes to strengthening the Republic of Korea’s naval power by leveraging world-class vessel and submarine construction capabilities.Starting with the delivery of the patrol vessel “Anyang” to the Republic of
Seven Korean companies, including LG Electronics, Lotte Chemical and Samsung Fire & Marine, have joined RE100 this year, bringing the total number of Korean companies to 34, according to the U.K.-based Climactic Group on Nov. 3.This means that Korea has the fourth-most number of companies after the
Global leading tire company Hankook Tire & Technology (Hankook Tire) hosted the official kick-off meeting for the ’Tire-to-Tire Circular Economy Model’ consortium on November 1 in Daejeon, South Korea. Held at the Hankook Technodome, the event marked the start of the consortium’s efforts to create t
LG Electronics is strategically aligning its electric vehicle (EV) components business, a sector it is nurturing as a future growth engine, with a focus on premium car manufacturers like Mercedes-Benz, BMW, Audi, and more, propelling the business in a promising trajectory.According to the Financial
While the global economy faces a downturn, domestic beauty industry leaders like Amorepacific and LG Household & Health Care are grappling with challenging times. In stark contrast, Kolmar is flourishing on its own. Amid the repercussions of the economic downturn, the consumer market has experienced
Chinese companies’ share in the European electric vehicle (EV) battery market is sharply rising. Concurrently, Korean battery companies, which have been strong players in the European market, have seen their share on the decline, losing ground to their Chinese competitors.According to market researc
The KOSPI index has fluctuated amid consecutive adverse developments, returning to its January levels. Compared to the annual high of 2,667.07 on Aug. 1, it has declined by 13.7 percent.On Oct. 26, the KOSPI index closed at 2,299.08, marking a 2.17 percent decline, while the KOSDAQ index concluded a
Starting next year, foreign residents in South Korea seeking eligibility for health insurance as dependent beneficiaries must have a minimum of 6 months of residency.According to the Ministry of Health and Welfare and the National Health Insurance Service on Oct. 26, an amendment to the Health Insur
Park Yong-in, who oversees Samsung Electronics’ system semiconductor design operations as President of the System LSI Division, expressed confidence in the success of the company’s latest mobile application processor, the Exynos 2400.On Oct. 26, following his keynote address at Semiconductor Expo 20
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.Amid unexpectedly weak demand for EVs, some OEMs have delayed their EV production plans. Conservative capacity expansion is also inevitable at LGES. We highlight the importance of confirming trigge