Why did SK Corp let Chey Tae-won, the chairman of SK Group, acquire a 29.4% stake in SK Siltron, a promising subsidiary of the SK Group?The Economic Reform Solidarity said on October 10 that the civic group sent documents with the question to SK Corporation’s and SK Hynix's boards of directors. The
Subsidiaries of foreign companies in Korea such as foreign luxury brand firms including Louis Vuitton, Gucci, Chanel, and multinationals such as Apple and Microsoft will have to receive external audits beginning next year.According to the Financial Supervisory Commission (FSC) on October 9, a revisi
LG Electronics' third-quarter deficit in the mobile phone business expanded from the previous quarter. Therefore, the company’s mobile division posted a deficit for the 10th consecutive quarter. Their cell phone models are expected to remain a hub for connecting the internet of things (IoT).On Octob
According to business industry sources and local media reports, including APA, on October 9, LG Electronics and its holding company LG are said to invest US$1.2 billion to US$1.5 billion (1.4 trillion won to 1.7 trillion won) to acquire Austrian automotive lighting system firm ZKW Group. LG Electron
It has been found that the Korea Fair Trade Commission (KFTC) has yet to reach a conclusion on the issue related to preloaded Google apps although it resumed its investigation into the issue in December last year. According to the KFTC, Google is considered to have forced the apps to be installed by
The heads of Google and Facebook have been chosen as a witness for the National Assembly's audit this year which will begin right after the Chuseok holidays, attracting public attention. They are expected to be questioned by lawmakers of the ruling and opposition parties over the issues like tax eva
There is growing interest in how much damage will be done to Samsung Electronics and LG Electronics by the US International Trade Commission (ITC)'s judgment that Korean washing machines were causing damage to the US washing machine industry.First, the ITC ruling will not prompt a safeguard and Dona
Chinese display makers started to go ahead of Korean companies in the large LCD market share with China's No. 1 displayer maker BOE taking the lead. China is heralding a clear sign to catch up with their Korean rivals in the advanced organic light emitting diodes (OLEDs) market where Korean companie
LG U+ announced on September 28 that, Pepper, the world’s first social humanoid robot that can understand and react to human emotions, is going to be equipped with its artificial intelligence (AI) platform and meet customers at six different locations starting from October 11.Specifically, the locat
LG Hausys, a South Korean construction material supplier, has completed establishing its Vietnam office and has started to participate in local exhibitions devoted to construction materials as part of its full-fledged advancement into the fast-growing Southeast Asian market.In this regard, the compa
Korean mobile carriers are seeking to push into the connected car market in earnest. They plan to offer infotainment services, including their own contents, to customers as platform operators, beyond wireless network providers, and expand to autonomous vehicles in the future.When ushering into the e
Lee Woong-beom, president of LG Chem's Battery Business Division and chairman of the Korea Battery Industry Association), once again confirmed the world’s first mass production of NCM811 batteries for electric vehicles. In the industry, LG Chem and SK Innovation are expected to intensify a war of ne
An analysis states that Samsung Electronics, LG Electronics, SK Hynix, Hyundai Motor, and other Korean corporations are leading global markets in innovation in nine major industries.Market research firm Clarivate Analytics assessed that Korea is leading the world in the nine industries including sem
Google is poised to enter the smartphone market in earnest. This means the emergence of another rival on the part of LG Electronics which is cooperating extensively with Google.Google recently bought the Pixel phone division of HTC for US$1.1 billion. Earlier, Google acquired Motorola for US$12.5 bi
LG U+ announced on September 26 that Huawei and itself succeeded in realizing dual connectivity at its 5G base stations for testing purposes. The dual connectivity technology is to increase the speed of data transmission by combining 3.5 GHz and 28 GHz with each other.The dual connectivity technolog
Samsung Electronics, LG Electronics and Apple have slightly reduced their strategic smartphones’ physical batteries to be released in South Korea in the second half of this year. The companies reduced the capacity by using a mobile AP to improve power efficiency in addition to design and safety, and
A controversy was stirred up over the quality of LG Electronics’s V30 launched on September 21. This happened less than a week after its release. Some consumers have argued that screen brightness and color are uneven.On September 25, there were a lot of complaints of consumers about the so-called 'H
Global beauty company Unilever acquires Carver Korea, a Korean makeup brand that became famous through its AHC line, for 3 trillion won (US$2.7 billion). It means that amid the tension of THAAD, domestic beauty brands have taken a direct hit, and beauty brands with technical know-how and specialty p
The AI-based image search competition is getting hot. Google joins the fray between Naver and Kakao, heralding a tripartite race in AI image searches in the Korean market.According to the internet search industry on September 25, Naver, Kakao and Google are having fierce AI image search competition
According to the Korea International Trade Association, the number of import regulations targeting South Korean products is increasing this year as it did last year and the number is showing a particularly steep increase in the United States.This year’s number reached 22 by Saudi Arabia initiating a