Joint venture will invest $2.6 billion to create 1,700 jobs
Ultium Cells, the joint venture of LG Energy Solution and General Motors, recently said that it will build the third battery cell plant in the United States, which will start...
Record initial public offering scheduled for Jan. 27
As far as the initial public offering (IPO) is concerned, LG Energy Solution is shattering the country’s records in convincing fashions throughout this month.
The Seoul-headquartered company drew up to $97 billion in...
LG Electronics racks up outstanding turnover in Q3
Samsung Electronics announced this week that its third-quarter sales amounted to 73.98 trillion won ($63 billion), up 10 percent from a year before.
The tech giant’s operating profit stood at 15.82 trillion won...
Vice Chairman Koo Bon-sung gets suspended jail term for road rage accident
From the perspective of Ourhome Vice Chairman Koo Bon-sung, this week couldn’t be worse _ After getting a suspended jail term, he was expelled from the company leadership...
LG has teamed up with General Motors
South Korea’s powerhouse LG Energy Solution will build $2.3 billion battery cell factory in the United States through its joint venture firm with General Motors.
LG Energy Solution said on April 17 that the...
Two Korean battery makers make last-ditch settlement
LG Energy Solution and SK Innovation managed to avoid the worst-case scenario as two South Korean battery makers managed to reach an agreement on April 11, just ahead of the deadline.
The two companies...
Georgia governor urges White House once again
Georgia Gov. Brian Kemp asked U.S. President Joe Biden this week to overturn the International Trade Commission (ITC) verdict on Korea’s rechargeable battery maker SK Innovation.
In February, the U.S. trade panel ruled against...
Korean tech giant will focus on AI and EV parts
The world’s handset producers compete to fold their smartphones. In comparison, Korea’s LG Electronics is set to fold its mobile phone business due to mounting losses.
The Seoul-based firm said this...
ITC rules in favor of SK in round 2
Korea’s SK Innovation defeated its cross-city rival LG Energy Solution in a battery patent conflict as the International Trade Commission (ITC) ruled in favor of the former this week.
In an initial...
The amount expected to be multi-million dollars
Korea’s battery giant LG Energy Solution is practically asking for multi-billion-dollar compensation from its cross-city competitor SK Innovation after a recent U.S. ruling.
The U.S. International Trade Commission (ITC) concluded in February in favor...
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India celebrates Republic Day in Seoul
India strives to enhance strategic partnership with Korea
The Embassy of India in Seoul hold an event to mark the 74th Republic Day of India...
