The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.LGD’s 3Q23 results are likely to fall short of consensus due to a drop in sales volume amid panel approval delays from clients. However, thanks to recent client approval, we believe that 4Q23 profi
LG Electronics and Samsung Electronics have been recognized by American consumers as the most satisfactory brands in the TV, home appliance, and PC sectors. However, the brand satisfaction of Chinese manufacturers has seen a rapid rise recently, reducing the gap with these market leaders.According t
SK pharmteco continues its trajectory to become the leading multi-modality CDMO by announcing it is acquiring a controlling interest in Philadelphia-based cell and gene therapy CDMO Center for Breakthrough Medicines (CBM), a move that will expand SK pharmteco’s technical expertise, production capaci
LG Electronics aims to increase the installation count of its webOS, the operating system that powers LG Smart TVs, from the current 200 million to 300 million by 2026 worldwide. In line with this, the company will invest 1 trillion won over the next five years in content and services to transition
LG Energy Solution announced on Sept. 19 that it has successfully completed the issuance of a total of US$1 billion in global green bonds including US$400 million with a five-year maturity and US$600 million with a five-year maturity.Their interest rates were set at +100 basis points (bps) and +130
SK broadband and Netflix, the world’s leading online video streaming service (OTT), have settled their network usage fee litigation and agreed to a service partnership. Consequently, customers can now access Netflix content on SK telecom’s mobile and Internet Protocol TV (IPTV) platforms.While the l
LG CNS will collaborate with XYZ Robotics, an artificial intelligence-based robotics solution company, to strengthen its warehouse robotics business.LG CNS announced on Sept. 17 that it recently signed a memorandum of understanding (MOU) with XYZ Robotics at the LG CNS headquarters in the Magok area
The French government ordered a halt to sales claiming that Apple’s popular iPhone 12 smartphone, released three years ago, emits radiation levels exceeding allowed standards. The issue is spreading to other European countries, including Germany and Belgium. South Korea’s government has also commenc
The Federation of Korean Industries (FKI) said it dispatched an economic mission with key officials from the government and business to Poland to attend the Krynica Forum, which was held from Sept. 13-15.The Korean business community is visiting Poland again just two months after a presidential dele
As of April this year, South Korea has emerged as one of the top three external importers of the European Union (EU). Excluding European countries, South Korea has secured the third position in this ranking, following China and the United States. This marks the first time that South Korea has surpas
LG Chem is planning to build the first domestic Hydrogenated Vegetable Oil (HVO) factory in Daejeon in partnership with an Italian state-owned energy company, with completion expected by 2026.On Sept. 14, LG Chem announced its collaboration with ENI S.M., a subsidiary of Italy’s largest state-owned
On Sept. 13 (Korean time), LG Chem announced the inauguration of its European Customer Solution Center (CS Center) in Frankfurt, Germany. The opening ceremony was graced by the presence of LG Chem’s Petrochemical Division Chief Noh Guk-rae, the Deputy Mayor of Frankfurt, and other key executives and
Samsung SDS has entered the market for generative artificial intelligence (AI) services. Rather than developing its own generative AI, the company will launch services that help companies by utilizing existing large language models (LLMs) such as ChatGPT.On Sept. 12, Samsung SDI held the Real Summit
While international oil prices continue their soaring ascent, approaching the US$100 mark, the fortunes of the refining and petrochemical industries are diverging.According to industry sources on Sept. 12, the average price of Dubai crude oil, which serves as the basis for the domestic crude oil imp
LG Energy Solution is expediting its penetration of the U.S. energy storage system (ESS) market by building a local production base and supply chain behind advanced technologies. The Korean battery giant plans to more than triple its sales in the ESS business within the next five years.LG Energy Sol
LG Electronics swept the top spots in the major categories of Consumer Reports’ “Washing Machine of the Year” standings.According to industry reports on Sept. 12, LG Electronics products took the top three spots in Consumer Reports’ washer rankings in the three main categories -- drum, high-efficien
LG is promoting the 2030 Busan World Expo at global landmarks in major cities such as New York, London, and Paris.From June of last year to recently, LG has been advertising the bid for the 2030 Busan World Expo on large outdoor billboards at iconic spots like New York’s Times Square and London’s Pi
Hankook & Company Group, holding a subsidiary group Hankook Tire, co-hosted ‘The 1st Hankook & Company Group – KAIST AI Competition’ with the Korea Advanced Institute of Science Technology Graduate School of Data Science (KAIST GSDS) to reinforce employee capabilities in areas such as AI and Big Dat
The washer-dryer is evolving from a vertically stacked washing machine and dryer to an all-in-one product that fully integrates the two appliances.On Sept. 10, according to industry sources, both LG Electronics and Samsung Electronics showcased their new washer-dryer products at IFA 2023, Europe’s l
Last year, due to the surge in demand for electric vehicles (EVs), prices of core battery minerals like lithium and nickel reached a peak. However, they have been on a decline recently. Battery cathode material companies that purchased these minerals when they were expensive are now facing challenge