Hints and tips:
...The new partnership between the South Korean companies also constitutes a lifeline for LG, which suffered seven straight quarters of losses before finally reporting an operating profit in the final quarter...
...In 2003, the Chinese company acquired Hyundai Display Technology, then a subsidiary of the Korean SK Group conglomerate....
...Under 28 U.S.C. section 1408, a company can file bankruptcy in any district where it has its domicile, principal place of business, or principal assets for 180 days prior to bankruptcy....
...South Korea’s embassy in Myanmar organised a high-level meeting last month between civil servants of the military government and Korean companies including units of Samsung and LG, according to documents...
...Last week South Korean battery producer LG Energy Solution echoed Tesla chief Elon Musk and warned EV sales were expected to weaken as a result of higher interest rates....
...LG showcased an AI-powered robot companion that can call an ambulance if a person has a fall at home....
...Global funds bought a net Won12tn ($9.5bn) of Korean shares this year after a three-year hiatus, spending about Won10.5tn on Samsung Electronics stock....
...On Wednesday, they promptly moved out again, selling a net Won31bn ($230mn) of LG Electronic shares. The company’s business growth is slowing. The outlook for its core home appliance unit is poor....
...In South Korea, the conglomerate LG last year appointed women as chief executive of two of its subsidiaries — the first time any of the country’s top five conglomerates had appointed a CEO not from a founding...
...Both companies have benefited from a pandemic-induced boom in demand for electronic devices, but that boom has shown signs of tailing off, denting profit growth this month at fellow South Korean company...
...SK E&S, the group’s energy unit, will open a New York office headed by vice-chair Yu Jeong-joon in 2022 after taking over several US energy companies in recent years....
...None of these has expressed an ambition to build whole cars. But LG Electronics, the South Korean giant, has been deepening its relationship with Magna....
...LG announced in November it would spin off five affiliates into a new holding company that will be led by Koo Bon-joon, who ran the LG Electronics subsidiary for six years from 2010 and was vice-chairman...
...Looking at the second-hand market for consumer electronics, the prospects of a lucrative resale are not bright. Yes, I could take it off to eBay and sell it for £2,000....
...While that is a significant discount to the forward PE of about 26 for Wall Street’s S&P 500, it marks a 10-year peak for the South Korean index....
...Tech tools — LG’s PuriCare mask It was only a matter of time before consumer electronics makers turned coronavirus masks into gadgets and LG will officially unveil its PuriCare™ Wearable Air Purifier at...
...LG Electronics SECTOR: CONSUMER DISCRETIONARY / HQ: Seoul, SOUTH KOREA For much of 2020 LG Electronics benefited from booming consumer and business demand for its appliances and devices....
...“If supply chain outages persist, this could disrupt Samsung and LG Electronics’ overseas plants, including the ones in Vietnam,” says S&P Global....
...Big tech groups with plants in the affected provinces include Foxconn and Pegatron, the two largest assemblers of Apple’s iPhone; South Korean electronics giants Samsung and LG; and Japanese components and...
...S&P Global Sector: FINANCIALS / HQ: NEW YORK, US Key stat: Investment-grade companies have issued more than $1tn of debt this year, a record....
...S&P, the global rating agency, cautioned in a recent report that trade diversion between South Korea and Japan “would likely mean higher costs, lower revenues and a reduced return on capital for companies...
...The export-driven South Korean economy, led by big technology groups such as Samsung, SK Hynix and LG Electronics, relies heavily on materials from Japan....
...Several other major South Korean companies including Hyundai Motor, LG Display and chipmaker SK Hynix are slated to report their first quarter financials this week....
...Yet the chances of a White House U-turn are slim. These CEOs signed a similar plea in 2017 to little effect....
...All three major South Korean telecom operators — SK Telecom, KT and LG Uplus — are kicking off fully-fledged commercial 5G mobile services by the end of March....
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