Economy
Business·Industry
“TV Business Expected to Post a Significant Annual Profit This Year”—LGELECTRONICS Conference Call
“The MS Business Division saw improved performance in the first half of the year, driven by an expansion in the share of premium products, improved pricing strategies, and a recovery in overseas opera…
Business·Industry
“LG Magna’s Mexico Plant Accounts for Over 40% of Sales… Hungary to Begin Mass Production in 2027”—LGELECTRONICS Conference Call
“The LG Corp. Magna plant in Mexico has entered a phase of stable production following a continuous ramp-up since it began operations in September 2023. It currently accounts for more than 40% of LG M…
M&A·IB
Following Sangdong and Dongdaemun, Will Yeongtong Be Next?… Lotte Construction: Where Will the 'Next Stop' in Homeplus Development Be?
As Homeplus stores are being successively transformed into residential and mixed-use development projects, the “Suwon Yeongtong Store” is emerging as Lotte Construction’s next development site. As dev…
Business·Industry
“Received Full Refund of U.S. Tariffs… One-Time Gain/Loss of 300 Billion Won in 2Q”—LGELECTRONICS Conference Call
“Regarding the existing tariffs ruled unlawful by the U.S. Supreme Court, we proceeded with the refund process for previously paid tariffs in accordance with U.S. government guidelines. The refund pro…
Business·Industry
“First Production of Robot Actuators… Aiming to Contribute to Company-Wide Earnings by 2030”—LGELECTRONICS Conference Call
“In the first half of the year, we established an actuator pilot line at our Changwon plant and are currently verifying mass-production feasibility and stabilizing quality through the production of in…
Business·Industry
“Collaboration with NVIDIA on Robotics, AI Factories, and Mobility… Also Considering a Platform Alliance”—LGELECTRONICS Conference Call
“In the robotics sector, we are combining LG Corp.’s hardware and manufacturing capabilities with NVIDIA’s physical AI technology to develop robots for manufacturing sites, from proof of concept throu…
Finance
Kbank Reports First-Half Net Profit of 60.1 Billion Won… Down 28% Year-Over-Year
Kbank posted a net profit of 60 billion won in the first half of this year. The company attributes its first-half performance to the expansion of its customer base and growth in loans to sole propriet…
Business·Industry
ESS Fills the Gap Left by Electric Vehicles… Three Battery Makers Post 'Simultaneous Profits' for the First Time in Seven Quarters
South Korea’s three major battery manufacturers have all posted profits for the first time in seven quarters, driven by energy storage systems (ESS). Their strategy of repurposing production lines—whi…
M&A·IB
[Market In] Yeouido Abuzz Over SK hynix’s Hiring of Portfolio Managers for Its ‘54 Trillion Won’ Fund
As SK hynix(000660)begins recruiting professionals specializing in asset management, attention is focused on key players in the capital markets, including the securities industry in Yeouido and major …
M&A·IB
[Market In] As KoreaZinc’s Stock Price Plummets… Both Sides in the Control Battle Are Left Disheartened
KoreaZinc(010130)As KoreaZinc’s stock price hit its lowest level this year, the pressure is mounting on both Chairman Choi Yoon-beom of KoreaZinc—who has been embroiled in a management control dispute…