Economy
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…
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…
Business·Industry
[Breaking News] HL Mando Reports 2nd-Quarter Operating Profit of 107 billion won… Up 2.8% Year-Over-Year
HL Mando(204320)announced on the 30th that its consolidated operating profit for the second quarter of this year was 107 billion won, a 2.8% increase compared to the same period last year. Revenue for…
Business·Industry
LGELECTRONICS Posts ‘Surprise Earnings’ Even Excluding Tariff Refunds… Strong Profitability Across All Business Divisions (Comprehensive)
LGELECTRONICS posted record-high second-quarter sales and operating profit this year. Despite rising logistics costs due to the war in the Middle East and a global slowdown in consumer spending, profi…
Business·Industry
SAMSUNG SDI CO.,LTD. Accelerates Return to Profitability… ‘Earnings Surprise’ Driven by AI and ESS (Comprehensive)
SAMSUNG SDI CO.,LTD. has emerged from its loss-making period faster than expected, driven by its energy storage systems (ESS) and high-power batteries for artificial intelligence (AI) data centers. Af…
Business·Industry
SamsungElectroMechanics Rides the Wave of AI Demand… “Projected to Post Record-High Third-Quarter Earnings” (Comprehensive)
SamsungElectroMechanics posted second-quarter earnings that exceeded market expectations, driven by rising demand for multilayer ceramic capacitors (MLCCs) and high-value-added semiconductor substrate…
Business·Industry
“Humanoid Robots Likely to Be First to Commercialize All-Solid-State Batteries… Mass Production Expected in the Second Half of 2027”—SAMSUNG SDI CO.,LTD. Conference Call
“We are preparing for mass production of all-solid-state batteries in the second half of 2027, as originally planned. Considering current customer demand and partnership status, it is highly likely th…
Business·Industry
“ESS Sales to Grow Significantly in the Second Half… Small-Cell Battery Production Capacity Operating at Full Capacity”—SAMSUNG SDI CO.,LTD. Conference Call
“We expect the trend of improved earnings seen in the first half to continue into the second half. For ESS, sales are projected to expand significantly in the second half, driven by growing demand for…