LG Energy Solution announced new stringent policies Wednesday to address rampant patent infringements by what it describes as "patent free-riders." The nation's top battery maker plans to enforce its intellectual property through legal actions and promote equitable competition by contributing to a legitimate battery patent licensing market. This decision comes in response to an increasing numbe...

Starting from military headquarters, a potential comprehensive ban could extend to all subordinate units: sources

South Korean IT solutions provider LG CNS said Tuesday it has been named as the services partner of the year for the second consecutive year at the 2024 Google Cloud Partner Awards. The annual awards recognize the standout performance of both global and regional companies across 14 categories, including services, sales, technology and industry solutions. The service partner award is given to a ...

Samsung SDI is exhibiting its next-generation "super-gap" battery technologies, including all-solid-state batteries and ultra-fast charging solutions, at the 37th Electric Vehicle Symposium & Exposition in Seoul from Tuesday, where it plans to show its ongoing progress in achieving future commercial availability. The event, known colloquially as the "World EV Olympics," has been a key internatio...

More advanced ‘quad-level cell’ model ready for production in latter half

Investors of the two Korean chip makers – Samsung Electronics and SK hynix -- dumped their shares Monday after Nvidia, the US chip giant, lost almost 10 percent Friday -- its worst day since March 2020. Market heavyweight Samsung Electronics and its chip rival SK hynix opened weaker in the day compared to Friday’s closing. Samsung and SK hynix fell 1.93 percent and 0.98 percent, respectively, to...

LG Innotek has clinched a silver Edison Award for its ultra-thin optical telephoto zoom camera module for smartphones, marking its second consecutive Edison win, the company said Sunday. The module, which allows for 3x to 5x magnification, brings what the company describes as near-DSLR-quality optical zoom in a single compact unit. First commercialized in 2022, this innovation enhances image qua...

SK hynix is joining hands with TSMC, the world’s top foundry, to develop High Bandwidth Memory 4 and cutting-edge packaging technology, the company said on Friday. Under the partnership agreement, the two sides plan to proceed with the development of HBM4, the sixth-generation model of the advanced memory chip, and enhance logic and HBM integration through advanced packaging technology, SK hynix...

South Korean IT solutions provider LG CNS announced Friday that it has partnered with Yonsei University to establish a new Master's degree program dedicated to nurturing intelligent data and optimization specialists. During the signing ceremony on Thursday, LG CNS Chief Executive Officer Hyun Shin-gyoon and Yonsei University President Yoon Dong-sup agreed on creating the Department of Intelligen...

South Korea's tech giant LG Electronics said Friday it has successfully raised a total of $800 million in a dollar bond deal. The bonds, denominated in US dollars, were issued in two tranches: a three-year bond worth $500 million and a five-year sustainability bond totaling $300 million, according to LG Electronics. The interest rates for these bonds were set at 95 basis points and 110 basis po...

South Korean chipmaker SK hynix said Friday it has set up a strategic partnership with Taiwan Semiconductor Manufacturing Company (TSMC) aimed at bolstering its capabilities in producing premium high bandwidth memory (HBM) chips and advanced packaging technologies. Under the memorandum of understanding agreed recently in Taipei, Taiwan, the two semiconductor giants will collaborate in developing...

SK hynix Chief Executive Officer Kwak Noh-jung underscored the importance of cooperation between South Korea and the US, warning that it is "dangerous" to concentrate semiconductor supply chains in any one region, during his visit to Washington. Speaking at the “Chips for America: Execute for Global Success” forum on Wednesday, Kwak also noted that SK hynix is working to develop highly advanced ...

Fitness Candy, a fitness tech joint venture between South Korean tech giant LG Electronics and K-pop powerhouse SM Entertainment, said Thursday it will be liquidated some two years after its creation. The decision came after its shareholders approved the dissolution of the company and the beginning of the liquidation process at a meeting held Monday, Fitness Candy said in a filing. In 2022, LG ...

Mass production set to start in H2

LG Electronics unveiled the ambitious target of 1 trillion won ($722 million) in sales solely from built-in appliances by 2027 at this year’s Milan Design Week, one of the largest international design and furniture exhibitions. “Within three years, we will be able to make our built-in (appliance) business worth trillions and turn it into another growth engine,” Lyu Jae-cheol, head of LG Electron...