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

SEOUL, South Korea, June 16, 2024 /PRNewswire/ -- In alignment with the global strategic development of Shandong Heavy Industry, with a focus on bolstering "doorstep" export business, from June 14th to 16th, Tan Xuguang led a delegation to South Korea to conduct a thorough market survey. The visit included in-depth assessments of the distribution channels for Weichai power generation sets and marine power systems to promote the export of products. Additionally, the team visited an

An innovation in the next-generation ERP migration with real transaction data to ensure successful system launches Automatically collects millions of real transaction data to identify defects and drastically enhance system quality through repeated testing The global expansion of the 'PerfecTwin ERP Edition' will commence in the U.S. by the end of this month 'SINGLEX', a global SaaS integrated platform by LG CNS, was also unveiled SEOUL, South Korea, June 4, 2024 /PRNewswire/ -- LG CN

South Korean shares shot up over 2 percent Tuesday as investors were buoyed by growing hopes that the U.S. Federal Reserve may carry out rate cuts this year. The local currency gained against the U.S. dollar. The benchmark Korea Composite Stock Price Index jumped 57.73 points, or 2.16 percent, to close at 2,734.36. Trading volume was moderate at 523 million shares worth 10.9 trillion won ($8 billion), with winners outpacing losers 582 to 285. Investor sentiment was boosted by growing hope that t

LEXINGTON, Mass., April 30, 2024 /PRNewswire/ -- ECOPRO BM of Korea and CAMX Power LLC (CAMX) of Massachusetts announce that ECOPRO BM has obtained a non-exclusive intellectual property license under CAMX's GEMX® platform of nickel-based high-energy, high-power, low-cobalt cathode active materials for use in lithium-ion batteries, especially for electric vehicles (EVs). The GEMX® platform is based on fundamental inventions of CAMX for which more than 30 patents have been gr

LG Energy Solution records KRW 6.1287 trillion in consolidated revenue and KRW 157.3 billion in operating profit Despite market uncertainties, the company bears fruits in expanding U.S. operation and developing new business areas LG Energy Solution to focus on strengthening fundamental competitiveness by improving investment efficiency and cost-competitiveness SEOUL, South Korea, April 25, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) today announced its first quarter earn

A surge in patent infringement by latecomers in the battery industry, and subsequent market distortion caused by unlicensed use of patented technology, calls for strong countermeasures to level the playing field LG Energy Solution believes that at least 500 patents directed to its first through third-generation battery technologies cover the current state-of-the-art battery products The company intends to lead the establishment of a battery patent licensing market by creating a global pat

A surge in patent infringement by latecomers in the battery industry, and subsequent market distortion caused by unlicensed use of patented technology, calls for strong countermeasures to level the playing field LG Energy Solution believes that at least 500 patents directed to its first through third-generation battery technologies cover the current state-of-the-art battery products The company intends to lead the establishment of a battery patent licensing market by creating a global pat

Invite more than ten startups specializing in generative AI and enterprise software testing to explore potential collaboration with LG CNS at 'Startup Day' -  Generative AI: Startups focusing on GPU infrastructure, AI model training and inference optimization, etc. -  Enterprise software testing: Startups from test result analysis, writing test cases, etc. Delivering exceptional DX services to enterprise clients through potential partnerships with promising local s

LG Energy Solution invites Arizona state government and local community officials for a construction progress update on its second U.S. stand-alone facility Completion and start of production expected in about two years, with full-scale hiring for thousands of new jobs to begin in the second-half of 2025 The company to further strengthen market competitiveness in the U.S. underpinned by product and technology leadership SEOUL, South Korea, April 4, 2024 /PRNewswire/ -- The constru

South Korean stocks opened a tad higher Monday, buoyed by gains in technology stocks. The benchmark Korea Composite Stock Price Index added 0.72 point, or 0.03 percent, to 2,667.56 in the first 15 minutes of trading. Large caps traded mixed while techs and chemicals were in positive terrain. Tech giant Samsung Electronics gained 0.55 percent, with No. 2 chipmaker SK hynix advancing 0.56 percent. Leading battery maker LG Energy Solution added 0.75 percent, while its local rival Samsung SDI gained

Two Korean dramas "Tarot" and "Pleasant Outcast" are set to appear at Canneseries, held from April 5 to April 10 in France. "Tarot," produced by Studio X+U, a mid-form content production studio under telecommunications provider LG Uplus, was invited to compete in the short film competition section of the Cannes International Series Festival. With this, "Tarot" became the first Korean title to compete in the short film section. "Tarot" revolves ar

LG Uplus, one of the top three telecommunications providers in South Korea, has announced its venture into the generative AI field with the introduction of its AI model, ixi-GEN, setting the stage for competition with its larger rivals SK Telecom and KT in offering AI-driven services for consumers and businesses. LG Uplus CEO Hwang Hyeon-sik made the announcement at the Mobile World Congress being held in Barcelona this week. He outlined plans to launch ixi-GEN in the first half of this year and