LEXINGTON, Mass., May 3, 2023 /PRNewswire/ -- L&F Co., Ltd. (L&F) of Korea and CAMX Power LLC (CAMX) of Lexington, Massachusetts, USA announce that following LG Energy Solution Ltd. and Samsung SDI of Korea, L&F has obtained a license for the very first time as a Korea based cathode materials company under the intellectual property of CAMX relating to the GEMX® platform of nickel based high-energy high-power cathode materials for use in lithium-ion batteries especially for elec

LGES posts the quarterly revenue of KRW 8.7 trillion and operating profit of KRW 633 billion in the first quarter of 2023 LGES batteries, manufactured and sold this year, fulfill the IRA requirement for battery components and critical minerals, meeting customers' needs for EV tax credit eligibility The company presents its business strategy for the North American market, aimed at solidifying steadfast market leadership SEOUL, South Korea, April 26, 2023 /PRNewswire/ -- LG Energy Soluti

Former LG life Sciences exec and long-time Standigm advisor brings extensive experience in pharmaceuticals and project management SEOUL, South Korea, April 13, 2023 /PRNewswire/ -- Standigm, a company using artificial intelligence (AI) technology for drug discovery and development, announced that Younsung Choo has been appointed Chief Executive Officer (CEO). As the new CEO of Standigm, Choo will focus primarily on company strategy, planning, R&D and business development.  Choo

-  Aims at leading the global advanced battery market by enforcing its battery material patent rights to promote the development of the industry with global cathode suppliers SEOUL, South Korea, March 17, 2023 /PRNewswire/ -- LG Chem aims to enforce its battery material patent rights amid intensifying technological competition with the aim of dominating the global advanced battery market.  LG Chem proposed to license out its high-nickel cathode material patent to China-based cathod

-  Aims at leading the global advanced battery market by enforcing its battery material patent rights to promote the development of the industry with global cathode suppliers SEOUL, South Korea, March 17, 2023 /PRNewswire/ -- LG Chem aims to enforce its battery material patent rights amid intensifying technological competition with the aim of dominating the global advanced battery market as demand for electric vehicles (EVs) continues to rise.  LG Chem today proposed to license out

South Korean stocks got off to a weak start Monday, as stronger-than-expected economic data in the United States fueled worries the Federal Reserve will keep raising interest rates for some time. The benchmark Korea Composite Stock Price Index lost 28.85 points, or 1.19 percent, to 2,394.76 in the first 15 minutes of trading. U.S. personal consumption expenditures for January rose 0.6 percent, higher than the 0.2 percent gain in December. Consumer spending also went up at a faster pace in Januar

SEOUL, South Korea, Feb. 24, 2023 /PRNewswire/ -- Hosted by Great Place To Work Institute (USA), a global trust management evaluation agency, and Great Place To Work® Korea, the 21st Best Workplaces in Korea™ in 2023 has been announced Best Workplaces in Korea ™ winners. 'Best Workplaces in Korea™ ' is a system that certifies companies that create a good organizational culture by practicing trust management with employee satisfaction and employee happiness as the to

Company Exhibits New Gen 3 Scroll Compressors with Low-GWP Refrigerants and Latest, Large-capacity Commercial Scroll Compressors at Annual U.S. HVAC Event SEOUL, South Korea, Feb. 7, 2023 /PRNewswire/ -- LG Electronics (LG) is showcasing its new compressors in the Component Solutions booth at AHR Expo 2023, taking place in the city of Atlanta, Georgia from February 6-8. LG SHOWCASES ADVANCED COMPRESSORS AND MOTORS IN STANDALONE BOOTH AT AHR EXPO 2023 The standalone booth present

LG's Higher Energy Efficient Heat Pumps, State-of-the-Art Inverter Compressor Technologies and Intuitive Control and Management Solutions Impress at Annual HVAC Conference SEOUL, South Korea, Feb. 7, 2023 /PRNewswire/ -- LG Electronics (LG) is showcasing its latest heating, ventilation and air conditioning (HVAC) solutions at AHR Expo 2023, the U.S.'s largest HVAC event, taking place in Atlanta, from February 6-8. The company's higher efficiency, customized solutions for commercial and r

Posco Chemical Co., a South Korean manufacturer of industrial materials, said Wednesday it has begun construction of its second factory for synthetic graphite anode materials in the country's southeast. Posco Chemical broke ground on the plant at its key manufacturing complex in Pohang, 272 kilometers southeast of Seoul, on Tuesday, the company said in a release. The construction is part of a plan to boost the production capacity of the key anode materials to 18,000 tons a year by the time

Hanwha Solutions, Hanwha Aerospace and Hanwha Corporation/Momentum sign an MoU for future collaborations in battery business with LGES. The companies pledge to make joint investment in building energy storage system(ESS) battery production facilities in the United States. The announcement will ensure a stable supply of affordable battery and boost the efforts to develop advanced battery technology.  SEOUL, South Korea, Jan. 16, 2023 /PRNewswire/ -- Hanwha Group and LG Energy Sol

LG Electronics Tennessee Plant is Selected as Industry's First U.S. Home Appliance Lighthouse Factory by World Economic Forum  SEOUL, South Korea, Jan. 16, 2023 /PRNewswire/ -- LG Electronics'(LG) home appliance manufacturing plant in the United States has been selected as a world-leading Lighthouse Factory by the World Economic Forum (WEF). LG Electronics Tennessee Factory is selected as the industry’s first U.S. home appliance Lighthouse Factory The million-square-foot

Vice Chairman Koo suggests 2023 management plan and mid- to long-term strategies Sales of KRW 1.83 trillion in 2022 and operating profit KRW 57 billion turnaround thanks to the expansion of overseas business and business diversification Increasing the proportion of overseas business is a necessity, setting leading global companies as competitors SEOUL, South Korea, Jan. 9, 2023 /PRNewswire/ -- OURHOME, a global food company based in Korea, held an on∙offline 2023 kick-off ceremony and

South Korean tech companies are ready to showcase their latest products and innovative technologies at CES 2023, the world's largest consumer electronics show slated to open in Las Vegas next week. CES will be held in a bigger and more fully in-person fashion this time, with global tech giants like Google, Meta and Microsoft physically returning to the global stage for innovation after missing the previous one due to the fast spreading omicron variant. CES 2021 was held entirely online. The

Delivering an Uplifting Customer Experience, LG's New Home Appliances Can be Upgraded with New Features Tailored to Different Needs and Lifestyles SEOUL, South Korea, Dec. 28, 2022 /PRNewswire/ -- LG Electronics (LG) has announced the global launch of its LG ThinQ™ UP upgradeable home appliances including refrigerators, washers, dryers, oven ranges, and dishwashers. Able to adapt to the unique needs and changing lifestyles of each customer, LG's appliances enable users to enjoy new features a