Seoul shares opened higher Tuesday, tracking gains on Wall Street, after Federal Reserve officials made dovish comments on rates, with investors assessing uncertainties over the Israel-Palestine conflict. The benchmark Korea Composite Stock Price Index rose 33.18 points, or 1.38 percent, to 2,441.91 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average rose 0.6 percent to 33,604,65, and the tech-heavy NASDAQ Composite gained 0.4 percent to 13,484.24. Traders have expect

South Korean stocks started higher Friday as US economic data cemented bets the Federal Reserve will keep its key interest rate unchanged next week. The benchmark Korea Composite Stock Price Index rose 6.78 points, or 0.26 percent, to 2,579.67 in the first 15 minutes of trading. All three US stock indexes rallied Thursday (US time) as strong economic data, including retail sales and producer prices, fueled expectations over a pause in the Fed's rate hike march. Also, the US consumer price i

Seoul shares opened lower Friday, tracking tech losses on Wall Street, amid concerns over China's ban on Apple Inc.'s use. The benchmark Korea Composite Stock Price Index fell 0.07 point to 2,548.19 in the first 15 minutes of trading. China plans to expand its ban on the use of iPhones in government agencies and state-owned companies. The move is expected to deal a blow to global big tech companies that heavily rely on China, analysts said. In Seoul, tech and auto stocks were the lead

LG Uplus Corp., South Korea's No. 3 mobile carrier, said Tuesday its second-quarter net profit rose nearly 32 percent from a year earlier, driven by its robust wireless business. Its net income amounted to 213.3 billion won ($163.3 million) in the April-June period, up 31.7 percent from the year-ago period. Operating profit for the April-June period was 288 billion won, up 15.9 percent from a year ago, the company said in a regulatory filing. Revenue rose 1.3 percent to 3.42 trillion won. T

LGES posts quarterly revenue of KRW 8.774 trillion, operating profit of KRW 461 billion in the second quarter of 2023 The company records strong first half-year performance by strengthening competitiveness amid growing EV demands in the U.S. market LGES aims for over mid-30 percent annual revenue growth despite market uncertainties, with solid product competitiveness and diverse customer portfolio SEOUL, South Korea, July 27, 2023 /PRNewswire/ -- LG Energy Solution (LGES; KRX: 373

The new battery cell JV will be located in Bryan County, Savannah, Georgia where Hyundai Motor Group Metaplant America is currently being built Total investment amount of over USD 4.3 billion; LGES and HMG to take a 50 percent stake respectively JV's battery production aimed to start at the end of 2025 with an annual production capacity of 30 GWh, capable of supporting the production of 300,000 EVs Building the second battery manufacturing JV, LGES and Hyundai Motor Group aim

- Will expand sales portion in battery materials, sustainability business and innovative new drugs - Aims to accelerate in reaching net zero by 2050 by proactively building an integrated low-carbon management system SEOUL, South Korea, May 16, 2023 /PRNewswire/ -- LG Chem today announced its business strategy to leap up to become a top global battery materials company and its plans for its three new growth engines by 2030. LG Chem CEO Shin Hak-cheol said in a keynote speech at the Bof

LEXINGTON, Mass., May 3, 2023 /PRNewswire/ -- L&F Co., Ltd. (L&F) of Korea and CAMX Power LLC (CAMX) of Lexington, Massachusetts, USA announce that following LG Energy Solution Ltd. and Samsung SDI of Korea, L&F has obtained a license for the very first time as a Korea based cathode materials company under the intellectual property of CAMX relating to the GEMX® platform of nickel based high-energy high-power cathode materials for use in lithium-ion batteries especially for elec

LGES posts the quarterly revenue of KRW 8.7 trillion and operating profit of KRW 633 billion in the first quarter of 2023 LGES batteries, manufactured and sold this year, fulfill the IRA requirement for battery components and critical minerals, meeting customers' needs for EV tax credit eligibility The company presents its business strategy for the North American market, aimed at solidifying steadfast market leadership SEOUL, South Korea, April 26, 2023 /PRNewswire/ -- LG Energy Soluti

Former LG life Sciences exec and long-time Standigm advisor brings extensive experience in pharmaceuticals and project management SEOUL, South Korea, April 13, 2023 /PRNewswire/ -- Standigm, a company using artificial intelligence (AI) technology for drug discovery and development, announced that Younsung Choo has been appointed Chief Executive Officer (CEO). As the new CEO of Standigm, Choo will focus primarily on company strategy, planning, R&D and business development.  Choo

-  Aims at leading the global advanced battery market by enforcing its battery material patent rights to promote the development of the industry with global cathode suppliers SEOUL, South Korea, March 17, 2023 /PRNewswire/ -- LG Chem aims to enforce its battery material patent rights amid intensifying technological competition with the aim of dominating the global advanced battery market.  LG Chem proposed to license out its high-nickel cathode material patent to China-based cathod

-  Aims at leading the global advanced battery market by enforcing its battery material patent rights to promote the development of the industry with global cathode suppliers SEOUL, South Korea, March 17, 2023 /PRNewswire/ -- LG Chem aims to enforce its battery material patent rights amid intensifying technological competition with the aim of dominating the global advanced battery market as demand for electric vehicles (EVs) continues to rise.  LG Chem today proposed to license out

South Korean stocks got off to a weak start Monday, as stronger-than-expected economic data in the United States fueled worries the Federal Reserve will keep raising interest rates for some time. The benchmark Korea Composite Stock Price Index lost 28.85 points, or 1.19 percent, to 2,394.76 in the first 15 minutes of trading. U.S. personal consumption expenditures for January rose 0.6 percent, higher than the 0.2 percent gain in December. Consumer spending also went up at a faster pace in Januar

SEOUL, South Korea, Feb. 24, 2023 /PRNewswire/ -- Hosted by Great Place To Work Institute (USA), a global trust management evaluation agency, and Great Place To Work® Korea, the 21st Best Workplaces in Korea™ in 2023 has been announced Best Workplaces in Korea ™ winners. 'Best Workplaces in Korea™ ' is a system that certifies companies that create a good organizational culture by practicing trust management with employee satisfaction and employee happiness as the to

Company Exhibits New Gen 3 Scroll Compressors with Low-GWP Refrigerants and Latest, Large-capacity Commercial Scroll Compressors at Annual U.S. HVAC Event SEOUL, South Korea, Feb. 7, 2023 /PRNewswire/ -- LG Electronics (LG) is showcasing its new compressors in the Component Solutions booth at AHR Expo 2023, taking place in the city of Atlanta, Georgia from February 6-8. LG SHOWCASES ADVANCED COMPRESSORS AND MOTORS IN STANDALONE BOOTH AT AHR EXPO 2023 The standalone booth present