In the artificial intelligence (AI) market, Korean IT giants compete with global tech titans.

Naver, Kakao, LG, SK Telecom, KT, and other IT firms in South Korea are aggressively launching or planning to launch generative AI services to combat the growing influence of ChatGPT and other AI services introduced by global tech giants.

Local services can outperform those of ChatGPT p...

The Korean government wants to make the telecoms market there more competitive.

The three telecom companies in Korea, SK telecom, KT, and LG Uplus, have all been monopolies for more than 20 years. To change this system, the Korean government will lower the fee for giving a new operator a frequency allocation and give the new operator help, such as loans of up to 400 billion ...

LG Energy Solution and Hyundai Motor Group Set Up a Joint Venture for NA Battery Cell.

Hyundai Motor Group said on May 26 that it had signed a deal with LG Energy Solution to set up a joint venture factory in the U.S. to make battery cells for electric vehicles (EVs) by 2025.

The joint venture factory will be built in Bryan County, Georgia, where the Hyundai Motor Group M...

Gains in LG's market capitalization have been the highest among major companies.

With Chairman Koo Kwang-mo at the helm, the South Korean conglomerate LG has been able to outpace its larger competitors Samsung, SK, and Hyundai Motor in terms of overall market value growth over the past year thanks to its focus on change, innovation, and the development of new growth engines. ...

When it comes to corporate startups, judges at the CSS Awards chose LG Electronics.

At the sixth annual Corporate Startup Starts Awards, LG Electronics was recognised as one of the most active businesses working with startups and given an award for its successful collaboration practises in East Asia.

LG Electronics said on Sunday that it has been recognised as an East ...

Samsung and LG attend IFA this week, a TV war is anticipated

On Friday South Korean rivals Samsung and LG Electronics will be moving ahead to berlin to exhibit their newest home appliances including their flagship tv on IFA Trade expo.

As per the record it states that Samsung would display its newest OLED TV’s during the annual event is bei...

Inflation is wreaking havoc on LGBTQ+ Americans, but wise businesses can help

Almost two-thirds of LGBTQ+ people are on a fixed income, and many claim to suffer "specific" obstacles.

It's no secret that wages aren't keeping pace with inflation. According to a study by the Brookings Institution, while some large corporations boosted total remuner...

Metaverse Can Play a Role in Increasing Gender Inclusivity

On Monday, the Borderless Health Care Group hosted a press conference under the title of "Phuket Goes Borderless in Health, Wellness and Hospitality to Prepare for Metaverse City Development" discussing how different players from health care, hospitality, fitness, pharmaceutical, nutrit...

GM set to launch 10 EVs in South Korea by 2025

General Motors is set to launch 10 electric vehicles for the South Korean market by 2025. Steven Kiefer, the head of GM's international operations said that they are not planning to manufacture the EVs in the country as of now.

Highlights

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Japanese political parties pledge on LGBT rights during election campaigns

Most of the political parties in Japan before the lower house elections have made promises regarding protecting the rights of sexual minorities and deepening their understanding of legislation.

Highlights

• Major political parties promise to protect righ...

HOKKAIDO GOVT. SUED BY A WOMAN OVER DENIAL OF SPOUSAL BENEFITS

Highlights –

• Hokkaido govt. sued by a woman over denial of spousal benefits.
• The woman in a same-sex relationship had filed the lawsuit with Sapporo District Court.
• Kaoru Sasaki seeks $43,000 for being denied spousal benefits.
...

LG ELECTRONICS PLEDGES USD 5.5 MILLION TO FIGHT AGAINST COVID-19 PANDEMIC IN INDIA

HIGHLIGHTS

• LG has decided to support India in its fight against COVID-19 pandemic.
• Recently many other tech giants and social media such as Twitter pledged support.
• LG will help AIIMS by adding more beds for the treatment of COVID-19 patien...

S. KOREAN STOCKS END HIGH ON FRIDAY; KOSPI ROSE

Highlights –

• S. Korean stocks end high on Friday; KOSPI rose.
• The benchmark Korea Composite Stock Price Index (KOSPI) rose 31.21 points.
• Samsung Electronics stocks added 2.04 percent to 80,100 won.
• Samsung Biologics stocks ...

LG UPLUS’ NET PROFIT ROSE 35 PERCENT IN Q1 2021

Highlights –

• LG Uplus’ net profit rose 35 percent in Q1 2021.
• The mobile carrier company’s operating profit increased 25.4 percent to 275.6 billion won.
• Sales from its wireless service business grew 5.4 percent on-year.

S. KOREA SAW AN INCREASE IN 5G USERS BY 14 MILLION IN APRIL

Highlights –

• S. Korea saw an increase in 5G users by 14 million in April.
• SK Telecom Co. reported the most 5G subscribers at 6.74 million in April.
• 4G subscriptions declined to stand at 51.18 million in April.
• Some unsatisf...

LG ELECTRONICS SAW NET PROFIT OF $1.05 BILLION IN Q1 2021

Highlights –

• LG Electronics saw net profit of $1.05 billion in Q1 2021.
• Its operating profit also rose 39.1 percent to 1.51 trillion won in Q1.
• On Thursday, shares in LG fell 1.22 percent to 162,000 won on the Seoul bourse.

LG CHEM’S NET PROFIT INCREASED TO $1.2 BILLION IN Q1

Highlights –

• LG Chem’s net profit increased to $1.2 billion in Q1.
• In Q1 the company’s operating profit jumped 584 percent on-year to 1.4 trillion won.
• LG Energy Solution Ltd. reported 4.2 trillion won in sales and 341.2 b...

LG ENERGY & GM TO BUILD EV BATTERY FACTORY IN THE U.S

Highlights –

• LG Energy & GM to build EV battery factory in the U.S.
• LG Energy Solution will spend 1.06 trillion won for building the factory.
• The total investment for the new EV factory is expected to be worth 2.7 trillion won.

LG ENERGY & SK INNOVATION’S STOCKS GAINED AFTER EV BATTERY SETTLEMENT

Highlights –

• LG Energy & SK Innovation’s stocks gained after EV battery settlement.
• SK Innovation agreed to pay $1.78 billion to LG Energy under the settlement.
• LG Chem stocks gained 0.62 percent to 817,000 won on Monday tra...

S. KOREAN STOCKS ENDED UP OVER INCREASE IN VALUATION

Highlights –

• S. Korean stocks ended up over increase in valuation.
• KOSPI ended up 3.71 points or 0.12 points.
• KOSDAQ market ended at the highest in nearly 21 years.
• Samsung Electronics stocks lost 0.48 percent up 83,200 won...