SEOUL, South Korea, June 9, 2021 /PRNewswire/ -- The Biden-Harris administration has recently announced its key findings on the 100-day review of the "America's Supply Chains" Executive Order. In response, LG Energy Solution release the following statement: We welcome the Biden administration's commitment to pursuing a comprehensive climate agenda, and we are pleased that LG Energy Solution is able to be part of this effort through cutting edge battery technology for electric vehicle

The Company's ESG Initiatives Highlighted Through Trade Show's Sustainability and Reuse ESS Zones Presenting Cutting-edge Technologies Including micro cell and the World's Largest ESS Battery Pack Unveiling the Revolutionary Aluminum-added NCMA Cathode and Silicon Anode Material Technology for the First Time in the Industry SEOUL, South Korea, June 9, 2021 /PRNewswire/ -- LG Energy Solution, South Korea's leading manufacturer of advanced lithium-ion batteries, is showcasing its world

ONE store, South Korea’s homegrown app market backed by all three mobile carriers, announced Tuesday that it has secured 17 billion won ($15 million) of funding from Microsoft and Deutsche Telekom’s venture capital unit. Of the total, 11.3 billion won will come from Microsoft, while Deutsche Telekom Capital Partners Management GmbH will invest 5.5 billion won to acquire shares in ONE store, which is affiliated with SK Telecom. ONE store will issue 414,900 convertible preferred

Is 5G, the next-generation of wireless technology, worth the hype? This is a question frequently thrown out by multiple groups of 5G users here since the fifth generation mobile networks went into commercial service at 11:00 p.m. on April 3, 2019 in South Korea, in a loudly-trumpeted world first. Over the past two years, the number of 5G users in Korea has steadily grown to account for about 20 percent, or 14.48 million, of total mobile subscriptions in the country as of end March, governm

BTS received two awards from the 2021 iHeartRadio Music Awards held in Los Angeles on Thursday, local time. 　 The artists’ digital single “Dynamite” was given the best music video award and their fandom Army was named as the best fan army. This is the second time they won best music video after last year’s “Boy With Luv” and the fourth time since 2018 they won best fan army. 　 Big Hit Music’s performance director Son Sung-deuk won the favorite music vid

LG U+ has set up a crane remote control system at Busan Port and aims to commercialize 5G network-based solutions for automated seaport infrastructure management, the company said Sunday. The yard cranes at Busan Port are controlled remotely by an operator in an office, using the control system developed by the South Korean telecommunications firm. The tall cranes, equipped with sensors and high-definition cameras, are designed to send live feeds to a control room via the 5G network. The so

KT is rolling out a mobile fee discount program exclusively for non-South Korean nationals, becoming the first mobile carrier here to do so, the firm announced Wednesday. While many local subscribers are eligible for family plans, which entail discounts and benefits such as shared data usage, most foreigners have been left out of such benefits as many are here without their families. KT’s new plan for non-Koreans will group five foreign customers with the same nationality and offer a

South Korea’s telecommunications firms KT and LG U+ said Wednesday they have invested a total of 26 billion won ($23.1 million) in the homegrown app market ONE store, a subsidiary of SK Telecom. KT has spent 21 billion won to acquire a 3.1 percent stake in ONE store, while LG U+ has acquired a 0.7 percent stake with 5 billion won, according to a joint statement released Wednesday. SK Telecom currently has a 50.1 percent stake, and local tech giant Naver has a 26.3 percent share in the

Set to move to Magok, western Seoul, in 2022, the LG Arts Center released the program for its last season in Gangnam, southern Seoul, Friday. The center’s annual program CoMPAS21 will feature more domestic acts, as visits by international artists and art troupes are limited by the prolonged COVID-19 pandemic. Performances by foreign productions are to be available through screenings. Theater director Yang Jung-ung, who staged the opening ceremony for the 2018 PyeongChang Winter Olympic

  　Samsung Electronics will launch the Galaxy A12 phone in South Korea on Tuesday at a price of 275,000 won ($246).   　The Galaxy A12 has four cameras on the back, with a 5,000-milliamp-hour battery designed to last the full day and support 15-watt fast charging.   　The rear quadcamera features a 48-megapixel main camera with live focus function, a 5-megapixel ultrawide-angle lens, a 2-megapixel depth camera and a 2-megapixel macro camera. The front camera has 8 megapixels. &nb

Even as the COVID-19 pandemic crippled markets worldwide last year, South Korea’s three major mobile carriers have seen improved results from their investments in media and platform services, along with expanded 5G network businesses. According to the latest report from market research firm FnGuide, the combined revenue of South Korea’s three major mobile carriers in 2020 are expected to reach 55.7 trillion won, up 2.4 percent on-year. The combined operating profit of the three mob

Seoul boasts the world’s fastest 5G network services, according to a broadband speed test conducted with iPhone 12 devices. According to Ookla’s speed test data published last month, Seoul ranked first with a median download speed of 472.28 megabits per second, followed by Dubai of the United Arab Emirates, Saudi Arabia capital Riyadh, Sydney and Helsinki. Seoul had the fastest upload speed, reaching 49.09 megabits per second, the data also showed. Ookla’s report noted that

South Korean textile and chemical conglomerate Hyosung Group is gaining a double boost from the prolonged pandemic and the global transition to electric and hydrogen vehicles. Hyosung TNC, the fiber production unit of Hyosung Group and the world’s No. 1 spandex producer by capacity, is witnessing a surge in spandex sales as more people choose to work and exercise at home. “Due to the COVID-19 outbreak, people are spending more time at home, for telecommuting for instance, and th

The number of subscribers to 5G network services in South Korea as of last year reached 11.85 million, according to government data, Sunday. Mobile data traffic using 5G networks too surged, due to the increasing number of 5G users, the government also reported. According to the Ministry of Science and ICT, the number of 5G subscribers in December increased 8.4 percent from a month earlier, continuing the upward trend in the previous month. The number of 5G users has increased by more than 90

LG U+ said Sunday that the company would terminate its 2G network services by the end of June this year, which would mark the end of the aging network in the country. LG U+, currently the only company that operates 2G services, has reported its plan to the Ministry of Science and ICT, the company said, adding that a detailed schedule is yet to be finalized. LG U+ is the last mobile carrier here to terminate the aging network. SK Telecom ended its 2G services last July, and KT shut down 2G se