In the first half of this year, the combined research and development (R&D) investments of Korea’s leading battery manufacturers, LG Energy Solution, Samsung SDI, and SK innovation, surpassed 1 trillion won for the first time on a half-year basis.According to industry sources on Aug. 16, the R&D inv
Samsung SDI is set to construct a lithium iron phosphate (LFP) battery production line at its Ulsan factory, marking the first of its kind in South Korea.According to industry and government sources on Aug. 16, Samsung SDI is in discussions with the Ulsan city officials about building a next-generat
HUGEL is speeding up its venture into the European market, securing permissions for its hyaluronic acid (HA) fillers in countries like Denmark and Hungary. Having already launched HA fillers in Germany, the U.K., and Spain, Hugel aims to increase its market share by expanding into more countries.Acc
Last year, three out of every ten LG Electronics employees in their 20s voluntarily resigned. As a result, there is an increase in new hires among those in their 20s.According to LG Electronics’ Sustainability Report on Aug. 13, the company had a total of 72,652 employees worldwide last year. The nu
The market for Micro Light Emitting Diode (microLED) panels, emerging as a next-generation display, is a domain where the domestic display industry, which is even being chased by Chinese companies in the OLED sector, can showcase a dominant market share in the future based on their advanced technolo
The U.S. government is highly likely to designate copper foil, a battery material, as a core mineral in the Inflation Reduction Act (IRA). This is expected to strengthen the position of Korean copper foil companies as Chinese companies are blocked from entering the fast-growing U.S. battery market.A
LG Household & Health Care (LG H&H) announced on Aug. 10 that their “Toothbrush Diet Project” had been awarded the top prize in the Packaging Design category at the Red Dot Award: Design Concept 2023.The Toothbrush Diet Project was launched with the aim of minimizing plastic usage in toothbrush manu
The Chinese government has decided to virtually fully permit overseas group travel for its citizens for the first time in over three years since the onset of the COVID-19 pandemic. Consequently, Chinese group tourism to South Korea will resume after more than six years, unlocking the travel restrict
An electric vehicle battery consortium led by LG Energy Solution will begin the construction of a cathode material plant in Indonesia.Kwon Young-soo, vice chairman of LG Energy Solution, traveled to Indonesia on Aug. 3 (local time) to discuss the LG Consortium project. The LG Consortium includes LG
A lot of attention is being paid to whether ARM, a British fabless company and subsidiary of SoftBank, which is led by Chairman Masayoshi Son, will be able to succeed in going public in the United States with support from major global companies such as Samsung Electronics, Apple, and Intel.According
As China and the United States initiate efforts to reform electric vehicle subsidies, a similar action by France has prompted the South Korean government to work on devising response strategies.According to the Ministry of Trade, Industry and Energy (MOTIE) and KOTRA on Aug. 9, the French Ministry o
As the transition from Liquid Crystal Displays (LCD) to Organic Light Emitting Diodes (OLED) in vehicle displays is expected to take place, K-Display, holding over 90% market share, has solidified its position, while Chinese competitors are engaging in pursuit.According to industry sources on Aug. 9
The four major Korean business groups -- Samsung, S.K., Hyundai, and LG -- have begun to return to the Federation of Korean Industries (FKI).Ahead of the FKI’s extraordinary general assembly on Aug. 22, Samsung will hold a compliance committee meeting to discuss rejoining the organization. Other gro
Following its robust performance in the first quarter, Hyundai Motor Group has once again established itself as the leading entity in terms of operating profit in South Korea during the second quarter. However, despite this success, the group is currently grappling with a persistent issue of being s
LG Energy Solution announced on August 8th that it has established a joint venture with Huayou Cobalt Co., China's top cobalt producer, creating the first Sino-Korean battery recycling company in China. The contract signing ceremony for the joint venture was held at Huayou Cobalt Co.’s headquart
Pernod Ricard Hong Kong Limited has unveiled Ballantine’s 21YO Artist Edition in collaboration with celebrated Korean artist Noh Sangho exclusively in Global Travel Retail across the APAC region.This artist edition is rooted in the campaign slogan of Ballantine’s, "Time Well Spent," which emphasizes
A new service has been launched to help passengers board domestic flights using only a PASS application on their smartphones, eliminating the need for physical identification and paper boarding passes.On Aug. 7, SK Telecom, KT, LG Uplus, and the Korea Airports Corporation jointly announced the launc
An analysis has emerged indicating that LG Energy Solution’s market share is catching up with CATL in the battery market, excluding China, for the first half of this year.According to SNE Research on Aug. 7, LG Energy Solution maintained its top position in terms of market share in the global batter
With superior image quality compared to Liquid Crystal Display (LCD) TVs, the Organic Light Emitting Diode (OLED) TV market, having entered a robust growth phase, is seeing a rise in ultra-large models, those 70 inches and above. This trend reflects the growing preference in the TV market for ultra-
LS Group has augmented its new investment plan for the Saemangeum National Industrial Complex by an additional 840.2 billion won (US$642.35 million), expanding its initial 1 trillion won commitment. This move signifies LS Group’s resolute endeavor to pursue “full domestic production” in the competit