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...
SK Innovation to face a 10-year export ban to US
SK Innovation, Korea’s rechargeable battery giant, will face a 10-year export ban for some of its lithium-ion battery products to the United States based on the decision of a U.S....
Korean battery manufacturers warned of punitive damage suits
South Korean battery maker Samsung SDI will be subject to a punitive damage suit in the United States this year, and its local rival LG Energy Solutions is also feared to face...
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Hyundai to invest $10.5 billion in US
Chairman Chung raises investment amount after meeting with President Biden
After meeting with U.S. President Joe Biden, Hyundai Motor Chairman Chung Eui-sun announced on May...
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