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

New Reality Competition Series Introduces a Smarter Home Lifestyle With LG Electronics, the Most Reliable Line of Home Appliances in the United States SEOUL, South Korea, Aug. 13, 2024 /PRNewswire/ -- LG Electronics (LG) is set to launch its episodic original series, Estate of Survival, on Prime Video via Prime Video Direct in nine countries, including the U.S., Canada, Argentina and Chile [1] as well as LG Channels. LG Electronics (LG) launches its episodic original series

HANOI, Vietnam, Aug. 9, 2024 /PRNewswire/ -- Mr. Tran Dang Hoa, Chairman of FPT IS and Chairman of FPT Semiconductor, both subsidiaries of FPT Corporation, shared initiatives to promote semiconductor cooperation between Vietnam and South Korea at the Vietnam-Korea Semiconductor Cooperation Conference held in Hanoi on August 6, 2024. Mr. Tran Dang Hoa, Chairman of FPT IS shared at the event. Mr. Hoa highlighted the burgeoning opportunities in Vietnam's semiconductor industry. FPT

South Korean stocks got off to a strong start Friday tracking overnight gains on Wall Street on eased recession woes. The benchmark Korea Composite Stock Price Index added 36.85 points, or 1.44 percent, to 2,593.58 in the first 15 minutes of trading. In the United States, stock indices finished higher as better-than-expected unemployment data buoyed investor sentiment. The Dow Jones Industrial Average rose 1.76 percent and the tech-heavy Nasdaq Composite jumped 2.87 percent. In Seoul, most share

Seoul shares opened lower Tuesday, following a mixed close on Wall Street, as investors await the Federal Reserve's rate decision and earnings from major tech firms. The benchmark Korea Composite Stock Price Index (Kospi) fell 19.99 points, or 0.72 percent, to 2,745.54 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average fell 0.1 percent to 40,539.93 points, but the tech-heavy Nasdaq rose 0.07 percent to 17,370.20. This week, all eyes are on the Fed's policy

Featuring the Sony's Altair ALT1255 NB-IoT chipset, the NE310L2 features best-in-class power consumption and an ultra-compact footprint LG U+ certification enables immediate use of the NE310L2 for smart meters, industrial sensors, asset trackers and other battery-operated, cost sensitive LPWA NB-IoT applications on one of Korea's largest networks IRVINE, Calif., July 25, 2024 /PRNewswire/ -- Telit Cinterion, an end-to-end IoT solutions enabler, announces that LG U+ has certified the

South Korean shares opened lower Wednesday, tracking overnight losses on Wall Street. The benchmark Korea Composite Stock Price Index (Kospi) shed 12.28 points, or 0.44 percent, to 2,762.01 in the first 15 minutes of trading. Overnight, the Dow Jones Industrial Average lost 57.35 points, or 0.14 percent, to close at 40,358.09, with the Nasdaq slipping 10.22 points, or 0.06 percent, to 17,997.35. In Seoul, large caps traded mixed. Market bellwether Samsung Electronics lost 1.67 percent, with No.

SEOUL, South Korea, July 22, 2024 /PRNewswire/ -- LG Display, the world's leading innovator of display technologies, announced today that its OLED TV panels have been confirmed to be excellent for helping viewers maintain healthy sleep patterns. LG Display’s OLED TV panels proven to ‘Sleep Friendly’ supporting body and eye health LG Display's OLED TV panels proven to 'Sleep Friendly' supporting body and eye health The company recently completed a clinical study to verify the imp

Seoul shares opened lower Thursday as most blue chips retreated following weak overnight trading on Wall Street. The benchmark Korea Composite Stock Price Index fell 2.17 points, or 0.08 percent, to 2,863.92 in the first 15 minutes of trading. Overnight, Wall Street underwent stagnant trading over concerns of potentially worsening trade tensions between the United States and China, with chip shares taking heavy beatings. The S&P 500 and Nasdaq composite dropped 1.3 percent and 2.6 percent, r

LG Energy Solution Ltd., South Korea's leading battery maker, said Monday its second-quarter operating profit plunged 58 percent from a year earlier due to slowing sales of electric vehicles. Operating profit for the three months ended in June is estimated to have plummeted to 195.3 billion won ($142 million) from 460.6 billion won in the same period of last year, LGES said in a statement. "Decreased lithium and other metal prices weighed on EV battery prices, and lower demand from aut

South Korean stocks finished more than 1 percent higher to hit this year's high Thursday as investor sentiment was boosted by revived hopes for a rate cut in the United States and Samsung Electronics' upcoming earnings guidance. The benchmark Korea Composite Stock Price Index added 30.93 points, or 1.11 percent, to 2,824.94. It marked the highest closing price since Jan. 21, 2022, when it finished at 2,834.29. Trade volume was slim at 386.4 million shares worth 12.8 trillion won ($9.26