...percent to 215,500 won and leading shipbuilder HD Korea Shipbuilding & Offshore Engineering retreated 2.79 percent to 198,300 won. On the other hand, chemicals and builders were among the winners. LG Chem, the leading chemicals maker, rose 1.03 percent to 294,500 won and GS Engineering & Construction jumped 3.65 percent to 18,450 won. Leading retailer Lotte Shopping gained 3 percent to 58,300 won a...

LG Chem has forged a deal with US energy giant ExxonMobil to secure up to 100,000 metric tons of lithium, a key material for cathodes used in electric vehicle batteries. According to the company, LG Chem Vice Chairman and CEO Shin Hak-cheol and ExxonMobil Senior Vice President Dan Holton signed a memorandum of understanding on Wednesday in Seoul. The deal price was not revealed immediately. Und...

...ve this, the company began construction of an all-in-one nickel smelter in Ulsan, Korea through its subsidiary KEMCO last November, with trial operations scheduled for next year. In 2022, KEMCO and LG Chem formed a joint venture called Korea Precursor Corporation (KPC). In March, for the first time in the world, KPC completed construction of a precursor production plant with process innovation applie...

LG Energy Solution's cylindrical batteries to power Bear Robotics' service and logistics robots starting from next year In addition to exclusive battery supply agreement, companies will collaborate ...y those with high growth potential, such as Urban Air Mobility (UAM), vessels and robotics. About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global m...

LG Chem is ramping up efforts to strengthen ties with partner companies through a series of new initiatives to promote sustainable development across its supply chain, the firm said Sunday. The South Korean chemicals giant outlined five key strategies under its “Shared Growth Solutions” framework: promoting fair trade, providing financial support, advancing environmental, social and governance p...

LG Energy Solution has reportedly forged a deal with Elon Musk’s SpaceX to supply its cylindrical lithium-ion batteries, further strengthening its partnership with Tesla and advancing its footprint t...es – 46 mm in diameter and 80 mm in height – set for mass production later this year. This is not LG Energy Solution’s first foray into space technology. In 2016, prior to its spinoff from LG Chem, t...

...vian's R2 model for the North American market. SEOUL, South Korea , Nov. 8, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) today announced that LG Energy Solution Arizona, a fully owned subsi...or LG Energy Solution in expanding its client base within the cylindrical battery segment." About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global m...

...rom the “Harris trade,” referring to Trump’s rival Kamala Harris, experienced a plunge. Shares of Samsung SDI, a major South Korean battery maker, closed at 288,000 won, inching down 3.52 percent. LG Energy Solution and LG Chem saw around a 1 percent drop in their stock prices as well. The value of the Korean won against the US dollar continued to fluctuate around 1,400 won as the greenback gained strength. The loca...

...on dim prospects for the electric vehicle sector under a second Trump term. Leading battery maker LG Energy Solution plunged 7.02 percent to 390,500 won, and its smaller rivals -- Samsung SDI and Pos...espectively, to 298,500 won and 216,500 won. Steel giant Posco Holdings and top chemical producer LG Chem also slid more than 5 percent to 322,500 won and 305,500 won, respectively. Industry leader ...

LG Chem, South Korea’s leading chemicals company, is ramping up its automotive adhesives business as the rising market for electronic components in vehicles is expected to fuel demand. On Wednesday,...lectrical insulation, this adhesive is essential for thermal management and performance stability, LG Chem explained. LG Chem expanded into the automotive adhesives business in 2018 by acquiring Unis...

LG Energy Solution posts KRW 6.8778 trillion in consolidated revenue and KRW 448.3 billion in operating profit The company secures large-scale supply agreements leveraging new form factors and c...roviding to our customers, thereby securing solid leadership in the global battery market." About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global m...

...d 2.9 percent, national flag carrier Korean Air Co. climbed 0.9 percent, and leading battery maker LG Energy Solution Ltd. was up 0.5 percent. Among decliners, top carmaker Hyundai Motor Co. fell 1.3...orea Aerospace Industries Co., the country's sole aircraft manufacturer, declined 1.1 percent; and LG Chem Ltd. was down 0.6 percent. The local currency was trading at 1,380.05 won against the US dol...

...o the stock market, analysts said. Large-cap stocks were mixed. Top carmaker Hyundai Motor Co. rose 1 percent to 237,000 won, national flag carrier Korean Air Co. gained 1.9 percent to 23,600 won, LG Chem Ltd. climbed 0.6 percent to 330,500 won, and leading budget carrier Jeju Air Co. was up 2.8 percent to 9,050 won. Among decliners, market bellwether Samsung Electronics Co. fell 0.3 percent to 59,...

LG Group Chairman Koo Kwang-mo will reportedly receive business reports from major affiliates sequentially over the next month, starting with the electronic affiliates on Monday to establish next yea...sistently mentioned as potential candidates for promotion. Currently, there are two vice chairmen at the group: LG Corp. Vice Chairman Kwon Bong-seok and LG Chem Vice Chairman and CEO Shin Hak-cheol.

...rp. shed 0.2 percent, and Samsung Heavy Industries Co. was down 0.3 percent. Among gainers, top carmaker Hyundai Motor Co. rose 0.4 percent, national flag carrier Korean Air Co. gained 1.7 percent, LG Chem Ltd. climbed 0.6 percent, and leading budget carrier Jeju Air Co. was up 2.4 percent. The local currency was trading at 1,367.60 won against the US dollar, up 2.1 won from the previous session. (Y...