LG Electronics Inc. and Magna International Inc. will form a $1 billion joint venture to build electric car components as the tech companies tap into the growing global demand for electric vehicles.LG, a unit of South Korea’s fourth-largest conglomerate, said in a regulatory filing on De
LG Group Chairman Koo Kwang-mo LG Electronics Inc. has launched LG AI Research, an artificial intelligence think tank dedicated to securing AI technology, to further aid the group's shift to digital transformation, the company announced on Dec. 7.The AI research body will be in charge of stud
With South Korea’s stock market indexes at or near all-time highs, finding bargains in the market is a daunting task.Growth stocks such as battery, bio, Internet and gaming (BBIG) have been market darlings throughout the year, raising valuation concerns. With signs of an economic rebound
South Korea’s fourth-largest conglomerate LG Group will split off its trading arm LG International Corp. and four other non-core units into a new business group to be controlled by the group chairman’s uncle Koo Bon-joon.The group’s holding firm LG Corp. approved the spin-off
LG Electronics Inc.’s quarterly operating profit and sales surged thanks to solid growth in its television and home appliance segments and smaller smartphone losses.The South Korean consumer electronics giant said on Oct. 30 its third-quarter operating profit rose 23% on a year-on-year basis t
LG Electronics Inc. has unveiled the world’s first roll-up TV in the Korean market as the South Korean consumer electronics giant aims to enhance its presence in the high-end TV market.The Signature OLED R will sell at 100 million won ($87,000) a unit, about twice the price of an 88-inch 8K OL