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Sunday, January 29, 2023
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...
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...
Home appliance giant rolls out Amazon Alexa support LG Electronics plans to roll out Amazon Alexa support in a total of 14 countries to its 2019 TV models featuring artificial intelligence (AI) beginning this month. Included in the countries are Austria,...
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...
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...
Joe Biden’s action urges automakers to build plant in North America After U.S. President Joe Biden signed legislation earlier this month, electric car manufacturers and battery producers appeared to rush to North America. LG Energy Solution and Honda Motor announced on...
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...
Deep learning used to detect problematic products South Korean mobile carrier LG Uplus announced this week that its artificial intelligence technologies would pinpoint defective products without human intervention. The Seoul-based company noted that it had built a smart factory for Dongjin...
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...
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...

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