South Korean stocks opened lower Tuesday bucking continued bullish runs on Wall Street, amid lingering uncertainties over the impact of the new Trump administration's policies on the domestic industry. The Korean won also breached the psychologically important level of 1,400 won against the U.S. dollar. The benchmark Korea Composite Stock Price Index fell 12.62 points, or 0.5 percent, to 2,519.04 in the first 15 minutes of trading. Overnight, the tech-heavy Nasdaq Composite increased 0.06 p

Supply agreement will last over five years and total 67GWh. 4695 cells, offering a long range and high safety, will be produced in the U.S. Batteries will power Rivian's R2 model for the North American market. SEOUL, South Korea, Nov. 8, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) today announced that LG Energy Solution Arizona, a fully owned subsidiary of LG Energy Solution, has signed a supply agreement with Rivian, a U.S.-based automotive manufacturer. Under the agreemen

Equipped With Cutting-Edge AI Technologies, the Company's Large-Capacity Commercial Washers and Dryers Deliver Excellent Energy Efficiency SEOUL, South Korea, Nov. 7, 2024 /PRNewswire/ -- LG Electronics (LG) is showcasing its PROFESSIONAL LAUNDRY lineup at Texcare International 2024, a global B2B laundry and textile care exhibition, held in Frankfurt, Germany, from November 6-9. Prioritizing energy efficiency, the new lineup features a variety of large-capacity solutions, including 30-kilogra

SEOUL, South Korea, Nov. 1, 2024 /PRNewswire/ -- Fibocom (Stock code: 300638), a global leading provider of IoT (Internet of Things) wireless solutions and wireless communication modules, announces the launch of FG370-KR, a regional version of the FG370 series module, which is positioned to accelerate the commercial development of Korean's 5G AIoT industries such as Fixed Wireless Access (FWA), live streaming, and industrial automation, etc. By adopting the advancements from FG370-KR, the solu

Award-winning Heat Pump Delivers Advanced Efficiency and Heating Performance in Extreme Cold Conditions SEOUL, South Korea, Oct. 29, 2024 /PRNewswire/ -- LG Electronics (LG), a leading global player in air conditioning technologies, has been honored with the 2025 AHR Innovation Award in the Sustainable Solutions category for its advanced LG Residential Cold Climate Heat Pump. The award was decided by an independent panel of ASHRAE member judges, who assessed product entries based on their desi

South Korean stocks started lower Tuesday despite overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index (Kospi) lost 12.01 points, or 0.46 percent, to 2,600.42 in the first 15 minutes of trading. U.S. stocks finished higher ahead of earnings reports of major tech firms. The Dow Jones Industrial Average rose 0.65 percent, and the Nasdaq Composite added 0.26 percent. In Seoul, market bellwether Samsung Electronics fell 0.69 percent and its chipmaking rival SK hynix went d

LG Energy Solution posts KRW 6.8778 trillion in consolidated revenue and KRW 448.3 billion in operating profit The company secures large-scale supply agreements leveraging new form factors and chemistries The company to effectively address EV/ESS market needs, with the long-term focus on operational efficiency, R&D, and business portfolio expansion SEOUL, South Korea, Oct. 28, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) today announced its third quarter earnings, alo

South Korean shares opened slightly higher Friday, taking a cue from overnight gains on Wall Street. The benchmark Korea Composite Stock Price Index (Kospi) added 4.09 points, or 0.16 percent, to 2,613.39 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average climbed 0.37 percent to close at 43,239.05, marking a new high for a second consecutive session on reports of better-than-anticipated consumer spending. The U.S. Department of Commerce reported that the value of ret

South Korean shares closed slightly lower Thursday as foreign investors extended their selling streak to a second session. The local currency lost ground against the U.S. dollar. The benchmark Korea Composite Stock Price Index (Kospi) slipped 1.06 points, or 0.04 percent, to close at 2,609.30. Trading volume was moderate at 325 million shares worth 9.7 trillion won ($7.09 billion), with losers outnumbering gainers 511 to 358. Foreign investors net sold 405.8 billion won worth of local shares, on

LG Optapex, a global version of MOP, is a digital marketing optimization platform - AI: Analyzes ad performance metrics and product sales data to predict future ad results - Mathematical Optimization: Leverages advanced algorithms to dynamically optimize bids, budget allocation, and automated bidding, maximizing ad performance and efficiency in real-time. Tailored specifically for Amazon, the world's leading e-commerce platform, with a U.S. launch planned for the first half of next

South Korean shares closed sharply higher Monday, helped by strong advances in tech and financial shares. The local currency lost ground against the U.S. dollar. The benchmark Korea Composite Stock Price Index (Kospi) added 26.38 points, or 1.02 percent, to close at 2,623.29. Trading volume was moderate at 391 million shares worth 8.3 trillion won ($6.12 billion), with gainers outnumbering losers 488 to 395. Foreigners net bought 77.6 billion won worth of shares while retail investors dumped 440

Company to expand into 'circular energy business,' going beyond battery manufacturing LG Energy Solution plans to stand at the center of the entire circular energy ecosystem, unlocking limitless business opportunities The company aims to lead market as a comprehensive energy solution provider, leveraging its accumulated technological prowess and capabilities Four key mid-to-long-term strategies announced, aiming to more than double the revenue by 2028 Building a bala

Partnership to Enhance Company's High-performance Heat Pump Solutions for Cold Climates, Lay Groundwork for the Development of Next-generation Technologies SEOUL, South Korea, Sept. 3, 2024 /PRNewswire/ -- LG Electronics (LG) is completing its global R&D triangle with the establishment of the Chinese Consortium for Advanced Heat Pump Research (CCAHR) in Harbin. The consortium, which joins existing LG-led initiatives in North America and Europe, will develop next-generation core techno

SM Entertainment formed a strategic partnership with LG Uplus, one of the nation’s top telecom carriers, Thursday to collaborate on AI-driven content creation and joint branding efforts for its first virtual artist, Naevis. The partnership involves using LG Uplus’s generative AI technology, ixi-GEN, to create a wide array of content for Naevis, including music videos, short visual clips and concept images. Naevis was originally introduced in aespa's digital universe, Kwangya, an

LG Chem announces full-scale operation of customer solution (CS) center in Ohio, U.S., spanning 8,300 square meters over three floors LG Chem plans to expand and strengthen its presence in North America through synergies with its ABS compounds plants in Ohio SEOUL, South Korea, Aug. 29, 2024 /PRNewswire/ -- LG Chem announced today that it has inaugurated a new customer solution (CS) center dedicated to providing personalized support to its customers across North America. Located in the