Increased Manufacturing Capacity to Strengthen Company's Competitiveness, Help It Meet Growing Demand from North American Businesses SEOUL, South Korea, Jan. 19, 2024 /PRNewswire/ -- LG Electronics (LG) announces the opening of a new scroll compressor production line at its factory in Monterrey, Mexico. The new line bolsters LG's scroll compressor manufacturing infrastructure, enabling the company to produce more of its acclaimed, eco-conscious solutions while creating a shorter supply chain

Tech Execs and Global Leaders Choose CES for AI, Accessibility, Digital Health and Mobility LAS VEGAS, Jan. 15, 2024 /PRNewswire/ -- CES® 2024 closes today, after an exhilarating week that set the technology narrative for the year ahead. With 4300+ exhibitors, including a record 1400+ startups from around the globe in Eureka Park®, CES showcased the innovative trends shaping tomorrow and solving the world's most pressing challenges. "The resurgence of CES proves that

LAS VEGAS, Jan. 10, 2024 /PRNewswire/ -- CES® 2024 opened today showing it is the venue to set the agenda for the year ahead in technology, business and entertainment, even powering a surge in global awareness as companies began debuting innovative technologies. CES 2024 Unveiled Las Vegas included more than 100 exhibitors and media from across the globe. CES runs from Jan. 9-12, 2024. Learn more at ces.tech. CES, the world's most powerful tech platform, welcomed more

From smart cities to AI-powered health, discover the tech that will shape our future ARLINGTON, Va., Jan. 5, 2024 /PRNewswire/ -- CES®, the world's most powerful tech event, returns to Las Vegas on January 9-12, bringing together 4000+ exhibitors, including global brands and startups, industry professionals, media and government leaders. Gary Shapiro, president and CEO, Consumer Technology Association, at the CES 2023 CTA State of the Industry presentation. "The CES

South Korean stocks opened lower Monday as investors opted to cash in recent gains amid hopes for the Federal Reserve's rate cuts next year. The benchmark Korea Composite Stock Price Index fell 0.60 point, or 0.02 percent, to 2,562.96 in the first 15 minutes of trading. Last week, the Fed kept its rates unchanged and hinted at possible cuts for 2024. Leading tech giant Samsung Electronics fell 0.41 percent, and No. 2 chipmaker SK hynix also lost 0.50 percent. Top carmaker Hyundai Motor also

South Korean stocks closed higher Friday amid expectations the U.S. Federal Reserve will start its rate-cutting cycle in 2024. The local currency inched down against the U.S. dollar. The benchmark Korea Composite Stock Price Index gained 19.38 points, or 0.76 percent, to close at 2,563.56. Trade volume was moderate at 458.2 million shares worth 12.7 trillion won ($9.8 billion), with winners outpacing losers 498 to 378. Foreigners bought a net 849.5 billion won, while individuals dumped a net 1.1

South Korean stocks opened higher Friday, tracking overnight gains from Wall Street, as investors remained buoyed by the Federal Reserve's possible rate cuts next year. The benchmark Korea Composite Stock Price Index rose 20.26 points, or 0.8 percent, to 2,564.44 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average closed 0.43 percent higher, and the tech-heavy Nasdaq Composite added 0.19 percent. In Seoul, leading tech giant Samsung Electronics rose 0.96 percent,

South Korean stocks started a tad higher Wednesday led by gains in tech and financial shares. The benchmark Korea Composite Stock Price Index gained 5.65 points, or 0.23 percent, to 2,499.93 in the first 15 minutes of trading. Overnight, U.S. stocks finished mixed, with the Dow Jones Industrial Average retreating 0.2 percent and the tech-heavy Nasdaq Composite edging up 0.3 percent. In Seoul, chipmakers lent support to the positive opening, with No. 1 Samsung Electronics rising 0.84 percent and

LG group on Friday has kicked off promotional discounts across its affiliated companies in commemoration of its professional baseball team winning its first championship in 29 years, cutting the price in various forms related to the magic number 29. LG Twins, an affiliate of the LG Group, won Game 5 of the Korean Series against KT Wiz on Monday to clinch its first title since 1994. LG Electronics, the flagship corporation of the group, will be giving 29 percent discounts starting 10 a.m., next T

South Korean stocks opened higher Monday as the country launched a temporary ban on stock short selling to crack down on illegal market practices by global investment banks. The benchmark Korea Composite Stock Price Index climbed 48.16 points, or 2.03 percent, to 2,416.50 in the first 15 minutes of trading. On Sunday, the Financial Services Commission announced the ban on stock short selling, effective starting Monday through the end of June 2024, citing concerns about growing market volatility

Revenue increases 7.5 percent, operating profit up 40.1 percent year on year, primarily due to stable increase of production volume at GM JV (Ultium Cells) plant in Ohio, as well as product mix improvement The company to focus on reinforcing product competitiveness across all segments To proactively respond to customer demands, the Arizona battery facility to produce 46-Series cylindrical batteries instead of the originally planned 2170 cells SEOUL, South Korea, Oct. 25, 2023 /PRNewswi

South Korean stocks opened almost flat Wednesday as investors awaited the release of major corporate earnings reports. The benchmark Korea Composite Stock Price Index lost 0.69 points, or 0.03 percent, to 2,382.82 in the first 15 minutes of trading. Overnight, Wall Street ended higher as investors' expectations grew ahead of the release of tech bluechips' earnings reports. The Dow Jones Industrial Average gained 0.62 percent, the tech-heavy Nasdaq composite rose 0.93 percent and the S&

Prolific actor Lee Sun-kyun, who has recently come under police investigation for suspected drug use, is dropping out from his latest project, “No Way Out,” a mystery thriller series that began shooting this month. According to the entertainment industry, the production company notified its actors and staff that shooting would be postponed for two weeks to reorganize the cast. Following the police announcement on Friday concerning the investigation into Lee, staff of “No Way Ou

South Korean stocks got off to a strong start Tuesday tracking overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index rose 19.23 points, or 0.79 percent, to 2,455.47 in the first 15 minutes of trading. U.S. stocks closed higher as investors bet on big tech, with the Dow Jones Industrial Average advancing 0.93 percent and the Nasdaq Composite rising 1.2 percent. In Seoul, tech and battery shares led the bullish opening. Top-cap Samsung Electronics added 0.74 percent and i

Foreign investors have dumped South Korean stocks for 15 consecutive trading days, the longest streak logged since 2020, according to the bourse operator Sunday. Foreigners offloaded a net 2.5 trillion won ($1.8 billion) on the benchmark Korea Composite Stock Price Index from Sept. 18 to last Friday, according to the Korea Exchange. Previously, the longest sell-off streak in the Kospi market recorded by foreigners was 30 consecutive trading days from March 5 to April 16 in 2020. During the 15-da