Four LG Group subsidiaries will spin off from the conglomerate to form a new entity led by Koo Bon-joon, the uncle of LG Group Chairman Koo Kwang-mo.
Korea’s Ministry of Transport on Wednesday ordered recalls of GM Korea’s Bolt EV, confirming that the all-electric car is prone to catching on fire.
The People Power Party (PPP) has been ridiculed as the People Headache Party. But lawmakers from the main opposition party can hardly protest. They must humbly take it. They must look at their performance and ask what they have...
Korean corporations and businessmen fear the government. During the industrialization period, companies were used to corrupt ways and to create collusive connection with the government and political front. Although they have...
LG Chem's plan to spin off its battery business was confirmed during a shareholder meeting in Yeouido, western Seoul, on Friday.
The National Pension Service (NPS) will use its 10 percent ownership stake to oppose LG Chem’s plan to spin off the electric vehicle (EV) battery unit, it said Tuesday.
LG Chem exceeded 4 trillion won ($3.5 billion) in company brand value for the first time in its history, according to British brand evaluation consulting company Brand Finance’s report: “Chemicals 25 2020.”LG Chem continued its...
LG Chem’s net profit rose 315.8 percent in the third quarter while operating profit was up 158.7 percent as the company deals with reports of fires in Hyundai Motor and Chevrolet cars using its batteries.
Hyundai Motor Group and LG Chem will collaborate on a system to recycle used electric vehicle (EV) batteries under regulatory approval granted by the Ministry of Trade, Industry and Energy on Monday.
LG Chem reported a record performance for the third quarter, Monday. Quarterly revenue was 7.5 trillion won ($6.5 billion), up 8.8 percent on year. Operating profit was 902.1 billion won, a 158.7 percent increase.