Economy
Business·Industry
“Ultium Cells Plant 1 to Resume Operations in Q3… Production to Expand in Q4”—LG Energy Solution Conference Call
“Although we suspended production at Ultrium Cells’ Plant 1 this year, we are currently preparing to resume operations on a shift basis. We plan to restart operations at the plant during the third qua…
Business·Industry
“Demand for the 46 Series Continues to Grow… North American Production to Expand Starting in Q3”—LG Energy Solution Conference Call
“Cylindrical battery shipments are increasing quarter by quarter, driven by a recovery in European EV demand and expanding sales of long-range models in Asia. Clients are also planning to expand produ…
Business·Industry
“Electric Vehicle Demand Recovery Slower Than Expected… New Orders to Be Concentrated in the Second Half”—LG Energy Solution Conference Call
“The pace of demand recovery in the electric vehicle market is slower than initially expected. Factors such as the timing of environmental regulations in various countries and policy changes are affec…
Business·Industry
LG Corp. Returns to Profit After Three Quarters, Driven by ESS… Accelerates Production Expansion in North America (Comprehensive)
LG Energy Solution returned to profitability after three quarters, driven by growth in its energy storage system (ESS) business. As idle production capacity increased due to slowing demand for electri…
Business·Industry
LGELECTRONICS Creates Large Curved Screen Using 72 OLED Panels… Exhibition at the National Museum of Modern and Contemporary Art
LGELECTRONICS is creating a large-scale curved display using 72 55-inch organic light-emitting diode (OLED) screens to bring an installation art piece at the National Museum of Modern and Contemporary…
Business·Industry
L&K BIOMED CO., LTD.: “Amended Global Distribution Agreement for Spinal Implants… Simultaneously in Discussions with Other Global Companies”
“There have been changes to the distribution agreement with a global company that we have been pursuing. While discussions regarding a distribution agreement in the U.S. have been suspended due to a s…
Business·Industry
LG Energy Solution Returns to Profit After Three Quarters… Reports a 127.7 Billion Won Loss Excluding Subsidies (SANG BO Co.,Ltd.)
LG Energy Solution returned to profitability in the second quarter of this year, ending the string of losses that had continued since the fourth quarter of last year. The improvement in earnings was d…
Business·Industry
Yuhan Corporation’s ‘Dangkyu-rak’ Launches in Mexico... Expanding Its Presence in the Latin American Dietary Supplement Market
Yuhan(000100)is launching a full-scale offensive into the Central and South American health functional food market, spearheaded by its blood sugar management probiotic “DangQLac.” The company’s strate…
Business·Industry
HYUNDAI BIOSCIENCE CO., LTD. Confirms Efficacy in Government-Funded Project... Inhibits H1N1 Virus Proliferation by 99.2%
#HYUNDAI BIOSCIENCE CO., LTD. has demonstrated that niclosamide, the active ingredient in its broad-spectrum antiviral candidate “Zefti,” exhibits potent antiviral activity in human-derived tissues. T…
Business·Industry
[Breaking News] LG Energy Solution Reports 2Q Operating Profit of 113.3 Billion Won… Returns to Profitability Compared to Previous Quarter
LG Energy Solution announced on the 30th that its consolidated operating profit for the second quarter of this year was preliminarily estimated at 113.3 billion won. This represents a 77.0% decrease c…