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Biz & Tech

Sun, April 18, 2021 | 01:36

LG-GM joint venture to build $2.3 billion battery factory in Tennessee

LG Energy Solution said Saturday it will build a $2.3 billion electric vehicle (EV) battery factory in Tennessee in a joint venture with automaker General Motors.

2021-04-17 10:23

Will LG supply OLED panels for Samsung TVs?

Attention has gathered over a media report that the global No. 1 TV maker Samsung is in talks to buy Organic Light-Emitting Diode (OLED) panels from its rival LG's display unit, as TV manufacturers are seeing their profitability deteriorate due to the rise in liquid crystal display (LCD) prices.

2021-04-16 17:48

Global tech firms post hefty gains in Korea in 2020

Global tech companies saw their earnings in Korea surge last year, according to regulatory filings made earlier this week. The earnings of local subsidiaries of tech giants such as Google, Facebook, Netflix and Tesla were unveiled for the first time after revised regulations went into effect last November.

2021-04-16 15:05

Kakao founder sells $447 million worth of stocks as part of donation pledge

The founder of South Korea's top mobile messenger operator Kakao has sold 500 billion won ($447 million) worth of stocks in Kakao as part of his pledge to donate half of his assets, a filing showed Friday. The move came after Kim Beom-su, who serves as Kakao's chairman, pledged in February this year to donate more than half of his assets, which at the time was estimated to be...

2021-04-16 14:27

Naver, Kakao in race to acquire local storytelling platform

Naver and Kakao are competing against each other to acquire Munpia, a local web novel platform.

2021-04-15 18:07

Korean battery makers scrambling to increase production in US

Local battery makers are in a rush to expand production facilities in the U.S. to capture opportunities amid the fast-growing market for electric vehicles (EVs) there. According to Reuters, Thursday, LG Energy Solution (LGES) will officially announce a decision to build a second battery plant in the U.S., Friday, in a cooperative venture with GM. The two companies earlier set...

2021-04-15 17:05

Vowing financial support for chipmaking businesses

Export-Import Bank of Korea (Eximbank) CEO Bang Moon-kyu, left, talks with an official from DSTECHNO, a local semiconductor materials firm, during his visit to the company located in Icheon, Gyeonggi Province, Wednesday. Bang promised that the state-run bank would continue to offer financial support for domestic semiconductor businesses. / Courtesy of Korea Eximbank

Anna J. Park | 2021-04-15 16:41

Samsung Electro-Mechanics develops top performing MLCC

Samsung Electro-Mechanics has developed a new multi-layer ceramic capacitor (MLCC) that is ultra-small and has high capacity, targeting the high-priced IT device market, the IT component arm of Samsung Group said Thursday.

2021-04-15 16:40

LG CNS launches PerfecTwin Suite IT system verification tool

LG CNS employees promote the company's new IT system verification tool PerfecTwin Suite, Thursday. The company held an online press conference to introduce how its verification tool is able to detect system errors in real time. The tool has been increasingly used by its clients such as the Bank of Korea. Courtesy of LG CNS

2021-04-15 16:03

SK hynix mass-produces new SSD for enterprise market

SK hynix has started mass production of its new PE8110 E1.S solid-state drive (SSD) targeting the enterprise SSD market, the chip maker said Thursday.

2021-04-15 15:58

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