LG Electronics continued its strong performance in 2023, setting new records in sales for the third consecutive year and achieving significant growth. Notably, in the fourth quarter of 2023, its operating profit surged by an impressive 350.9% compared to the same period last year, demonstrating soli
Previously dedicated to producing pouch-type batteries, SK on has now embarked on the development of the “4680 battery,” a product Tesla has successfully made a game-changer in the electric vehicle (EV) market. This move to broaden its portfolio by adding cylindrical batteries follows its success wi
LG Display is set to unveil a slew of OLED strategy products boasting unique technological advancements at the world’s largest electronics and IT trade show, CES 2024. The company will showcase large OLED technologies surpassing current limitations in image quality and performance, along with next-g
More than four out of 10 listed companies in Korea were unable to pay interest with money they made, according to a recent survey. High interest rates and stagflation worsened the business environment, raising red flags on their financial conditions.As of the third quarter of 2023, 710 of 1,674 list
The State of West Virginia and LG Electronics announced a strategic initiative to grow new business ventures in West Virginia to advance the development of new technologies for renewable energy, healthcare and industries of the future.The businesses, developed by LG NOVA, LG Electronics’ North Ameri
LG Electronics is set to unveil its brighter and clearer 2024 LG OLED evo TV, powered by a dedicated artificial intelligence (AI) processor, at CES 2024.At the world’s largest consumer electronics and information technology (IT) exhibition, CES 2024, to be held in Las Vegas, Nevada from Jan. 9 to 12
As electric vehicles (EVs) loaded with Chinese batteries have finally been scratched off the list of EVs that can receive tax credits in accordance with the U.S. Inflation Reduction Act (IRA), voices are growing that the Korean battery industry may enjoy reflective benefits from it. However, a large
LG Electronics has announced plans to showcase the future of smart homes powered by artificial intelligence (AI) at the world’s largest consumer electronics and IT exhibition, CES 2024, scheduled for January 9.The LG Smart Home utilizes AI to comprehensively understand and care for the customer’s li
LG Display will unveil its next-generation in-vehicle display solutions at CES 2024, the world’s largest IT and consumer electronics show held in Las Vegas, Nevada, in the United States.LG Display will be exhibiting at the West Hall of the Las Vegas Convention Center (LVCC) with a booth about in-veh
The foundry business that produces batteries developed and designed by customers is rising as a hot issue in the battery industry with automakers set to launch a large number of new electric vehicle (EV) models this year.The foundry business generally belongs to the semiconductor industry. In the 19
Samsung Electronics and LG Electronics are set to showcase their latest AI-enhanced home appliances at the world’s largest consumer electronics show, CES 2024, in Las Vegas from Jan. 9 next year, marking a significant clash in the industry.According to industry sources on Dec. 28, Samsung Electronic
A plenary session of the National Assembly passed an amendment to the Capital Markets and Financial Investment Business Act, which will require large-scale stock transactions by insiders of listed companies to be disclosed in advance beginning from the second half of 2024.The Financial Services Comm
LG Household & Health Care is set to introduce its beauty tech device IMPRINTU for the first time in North America. The company has garnered significant interest as it plans to reveal completely unique images created using artificial intelligence (AI) at CES 2024, which will be held for four days st
Thirty-one electric vehicle (EV) models, or about 80% of all subsidized EV models in the United States this year, use Korean-made batteries, according to sources in the battery industry. This is an increase of 14 in seven months from 17 in April.The 31 subsidized EV models in the United States as of
LG Electronics is intensifying its foray into the automotive market by enhancing its capabilities in car security platforms. The company plans to expand its market presence by strengthening global marketing and incorporating security technologies into its infotainment systems and telematics componen
Top executives from major South Korean conglomerates are set to make a strong presence at “CES 2024,” the world’s largest Information Technology (IT) and consumer electronics expo to be held in Las Vegas, Nevada, in the U.S. next month.According to business sources on Dec. 25, key executives from ma
In the premium TV product line, Samsung Electronics’ market share in the Mini Light Emitting Diode (LED) TV market has significantly dropped this year. While Samsung, which had an overwhelming market share, experienced a decrease in shipments, Chinese companies like Hisense and TCL increased their s
For the first time in four years, business leaders from South Korea and China are meeting in Seoul to identify industries for cooperation between the two countries and to discuss future initiatives such as supply chain cooperation and carbon neutrality.The Korea Chamber of Commerce and Industry (KCC
South Korea’s growing imports of secondary battery materials and intermediate goods from China were blamed for South Korea’s trade balance with China which is expected to post its first deficit in 31 years.According to the Bank of Korea (BOK) on Dec. 20, South Korea’s trade balance with China posted
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.At HiDeep, pilot sales of touch ICs for mobile devices began in 2Q23, followed by the start of pilot sales for stylus solutions for mobile devices in 3Q23. We expect 1H24 to see the start of touch