25 stories mentioning KRX:066570Updated 7d ago
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LG Electronics (KRX:066570) said its US-based unit, Bear Robotics, has not made any decision regarding a Nasdaq listing, denying media reports that the company is seeking a listing, according to a Monday filing with the Korean Exchange.The South Korean company said a follow-up disclosure will be made once specific details are finalized or within one month.
LG Electronics (KRX:066570) signed a long-term strategic partnership with Marriott International to develop a cloud‑based next‑generation guest room technology platform, according to a Wednesday release.The platform will initially enhance in‑room entertainment and enable device management and connected guest experiences across Marriott properties worldwide.LG will provide connected‑device capabilities, management technology and technical support, while Marriott will tailor the platform to guest experience, the release said.
LG Electronics (KRX:066570) has launched its new LG UltraGear gaming monitor in Korea on Wednesday, according to a same-day release.The monitor implements "Native 1,000Hz" that supports 1,000Hz ultra-high rate and FHD or Full HD, 1,920x1,080 resolution.The product also contains AI functions including "AI custom picture quality" that adjusts the optimal image quality and "AI sound" that conveys footstep direction.The global gaming monitor market will further expand at an average annual rate of 6.4% by 2030, while the domestic market will grow by about 15%, the appliance and consumer electronics company cited global market research organization IDC as saying.
LG Electronics (KRX:066570) deployed the first R16-based 5G smart telematics system in a mass-produced vehicle in Europe, applying the technology to a European automaker's production model, The Korea Times reported Wednesday.The R16-based smart telematics system offers a 0.001% data error rate and one-millisecond transmission latency, improving reliability and speed over the previous R15 standard. It supports software- and AI-defined vehicles, including over-the-air updates, vehicle-to-everything communications, and high-volume data transmission for autonomous driving systems, the report said.The system brings together a communications module with up to 12 antennas in a single hardware unit, lowering signal loss, wiring, and installation requirements, it said.Shares of LG Electronics fell over 3% at market close.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
LG Electronics (KRX:066570) opened its second home appliance production plant in Brazil's Paraná, the electronics products maker said in a Monday release.The factory spans 770,000 square meters and has a production capacity of about 600,000 refrigerators a year, the company said.The company invested a total of $310 million in the new production base, which incorporates smart factory solutions, including artificial intelligence and industrial robotics, the release said.
LG Electronics (KRX:066570) expanded its business-to-business medical device offerings by launching its 40HT513D, a 40-inch curved diagnostic monitor designed for image-based diagnosis in the US, according to a company release on Wednesday.The South Korean consumer electronics company said that the launch comes after the device secured a US Food and Drug Administration clearance as a medical device, The Korea Times reported.The new monitor features a 5,120-by-2,160 resolution, totaling 11 megapixels, allowing users to display multiple images and information simultaneously and can replace three separate 3-megapixel monitors used earlier.
(Updates to add LG Innotek's ticker)LG Electronics (KRX:066570) subsidiary LG Innotek (KRX:011070) reported a cardiac arrest at an off-campus dormitory that resulted in the death of the individual.The Wednesday incident at the camera modules and semiconductor substrates supplier's Gyeongbuk, South Korea, facility will be verified by the Ministry of Employment and Labor, according to a bourse filing on Thursday.
LG Electronics (KRX:066570) subsidiary LG Innotek reported a cardiac arrest at an off-campus dormitory that resulted in the death of the individual.The Wednesday incident at the camera modules and semiconductor substrates supplier's Gyeongbuk, South Korea, facility will be verified by the Ministry of Employment and Labor, according to a bourse filing on Thursday.
LG Electronics (KRX:066570) posted a 11% year-over-year increase in net income attributable to shareholders of the parent company for the second quarter to 668 billion won from 604.7 billion won.Sales increased 15% to 23.827 trillion won for the three months ended June 30 from 20.735 trillion won, according to a bourse filing on Thursday.
LG Electronics (KRX:066570) posted a record operating profit for the second quarter, soaring 147% year on year, as sales remained strong amid the popularity of artificial intelligence-related technologiesOperating income surged to 1.579 trillion Korean won from 639.4 billion won in the prior year.Net income attributable to shareholders rose 11% to 668 billion won from 604.7 billion won a year earlier.Revenue rose 15% year-on-year to 23.8 trillion won from 20.7 trillion won.B2B revenue, which accounted for 36% of the Seoul-based electronics company's entire revenue, rose 5% year on year to 6.5 trillion won. The subscription business' revenue also rose 5% from a year earlier to 660 billion won.The company said there is an acceleration in new business areas, especially those related to robotics and AI data center cooling solutions, particularly the eco solution, which recorded 2.73 trillion won in revenue due to an expansion in its air conditioner sales.Revenue under the home appliance segment reached 7.08 trillion won due to higher premium TV sales, while that of the media entertainment segment was 5.11 trillion won. The group's vehicle solution company posted revenue of 3.03 trillion won.LG Electronics declared an interim cash dividend of 500 won per common share for the period, which will be paid out on Aug. 28 to shareholders on the record by Aug. 13.
LG Electronics (KRX:066570) concluded a 100 billion won share buyback, repurchasing 588,589 common shares and 141,840 preferred shares, according to Korea Stock Exchange filings on Wednesday.Following the buyback, part of a shareholder value enhancement program to return 200 billion won to shareholders over two years, the company has terminated its treasury share trust agreement with NH Investment & Securities.The repurchased shares will be cancelled before the year-end.
LG Electronics (KRX:066570) has obtained an NVIDIA certification for its 600kW Coolant Distribution Unit (CDU) after passing technical evaluation criteria for AI Factory standardization.LG plans to secure NVIDIA certifications for its entire large-capacity CDU lineup (1MW, 2.5MW, and 4MW models) while expanding global data center cooling projects across North America and Asia, according to a statement on Monday.LG offers a Chip-to-Chiller portfolio spanning chillers, CDUs, and cold plates, with the certified unit achieving ±0.25°C temperature control precision and integrating virtual sensor technology for real-time monitoring.
South Korean shares closed lower on Wednesday after Iran's Parliament Speaker Mohammad Bagher Ghalibaf said Tehran's nuclear rights and red lines were non-negotiable and that it would not go ahead with negotiations with the U.S. until commitments under their agreement were fulfilled.Ghalibaf added that Iran's nuclear program remained within the framework of the Nuclear Non-Proliferation Treaty (NPT) and under the supervision of the International Atomic Energy Agency (IAEA).The benchmark Korea Composite Stock Price Index, or Kospi, fell by 2%, or 173.07 points, to close at 8,303.41. The Kosdaq, rose by 1.4%, or 13.17 points, to end at 929.35.On the corporate front, LG Electronics (KRX:066570) established a robotics business center, which will focus on future business based on physical AI, the electronics products maker said in a Wednesday release.The new facility aims to integrate core capabilities required for commercialization, from business development to supply chain and manufacturing operations, by using physical AI. The company plans to operate the newly established facility as an independent business unit with integrated business development, sales, and operations functions, the release said.Shares of LG Electronics fell nearly 5% at market close.In other news, HL D&I Halla (KRX:014790) secured a construction order for Section 1 of the Jecheon-Yeongwol Expressway from the Korea Expressway Corp., according to a Wednesday filing with the Korea Exchange.The contract, valued at 155.1 billion won, is valid till Apr. 18, 2032, the filing said.Shares of HL D&I Halla jumped over 8% at market close.
LG Electronics (KRX:066570) established a robotics business center, which will focus on future business based on physical AI, the electronics products maker said in a Tuesday release.The new facility aims to integrate core capabilities required for commercialization, from business development to supply chain and manufacturing operations, by using physical AI. The company plans to operate the newly established facility as an independent business unit with integrated business development, sales, and operations functions, the release said.Shares of LG Electronics fell nearly 5% in recent trade.
S&P Global Ratings has upgraded LG Electronics' (KRX:066570) long-term issuer and issue credit ratings to BBB+ from BBB, according to a recent release.The group will lessen its debt and boost its financial base through the growth in home appliances and solid gains from subsidiary LG Display, S&P said.The company will see better profitability over the next one to two years as LG Display transitions toward high-end OLED panels, the rating agency said.The company has a robust lineup among premium products in its home appliance solution division, diversified services within its subscription segment, and rising penetration in its higher-margin business to business (B2B) division, S&P said.LG Display will also further develop through an enhanced product mix, according to S&P.The outlook is stable, stemming from S&P's belief that the company's core business competitiveness will anchor credit strength, yield solid free cash flow, and lessen debt.Notable shifts in the company's debt-to-EBITDA ratio driven by its TV or home appliances businesses or market position across core segments could lead to future rating actions.
NainTech (KOSDAQ:267320) secured a display manufacturing equipment supply contract from LG Electronics (KRX:066570), according to a Tuesday filing with the Korea Exchange.The contract, valued at 25.4 billion won, is valid till Dec. 31, 2027.Shares of NainTech, which develops equipment and machinery for motor vehicles, plant automation, and gauges for inspection and automation machinery, rose more than 2% at market close, while those of LG Electronics added over 3%.
South Korean stocks climbed to a new high on Monday, buoyed by strong gains in semiconductor firms and AI-related shares. Shares of major market movers Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and LG Electronics (KRX:066570) added over 10%, more than 1%, and nearly 30%, respectively, at market close.The Korea Composite Stock Price Index or Kospi rose 312.23 points, or 3.7%, to end at 8,788.38. The Kosdaq decreased by 24.77 points, or 2.3%, to close at 1,050.03.In economic news, South Korea recorded a trade surplus of $26.9 billion in May, a new all-time high, and marking the third straight month of more than $20 billion in trade surplus, the Ministry of Trade, Industry and Energy said in a Monday release.It came as exports increased 53.2% to $87.8 billion from the year-ago period, the sharpest pace of growth since 1984. Imports rose 20.8% to $60.8 billion.Semiconductor exports surged 169.4% to a record $37.16 billion, while non-semiconductor exports increased by 16%. Rising memory chip prices amid increased capital spending by major U.S. technology companies pushed chip exports higher.In corporate news, Hanmi Science (KRX:008930) signed a technology licensing agreement for Sonefpeglutide (HM15912), a short bowel syndrome drug, with Eli Lilly and Co., according to a Monday filing with the Korea Exchange.The technology licensing agreement is worth up to $1.26 billion, including a $75 million upfront payment and up to $1.185 billion in development, regulatory, and commercial milestones, along with royalties based on future sales.Shares of the company rose more than 4% at market close.
South Korean stocks opened at a new high on Monday, led by surging technology shares despite uncertainty around the negotiations between the US and Iran.The benchmark Korea Composite Stock Price Index, or Kospi, rose 0.1%, or 9.52 points, to open at 8,485.67. The Kosdaq decreased 0.2%, or 2.03 points, to open at 1,072.77.Major market movers Samsung Electronics (KRX:005930) and LG Electronics (KRX:066570) gained nearly 7% and over 25% in early morning trade, respectively.Oil prices jumped over 2% on Monday after Israel ordered troops to push deeper into Lebanon, fueling concerns over a broader conflict in the region and potential disturbances to global energy supplies. Brent crude rose 2.1% to $93.05 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 2.5% to $89.53 in early trading.
MediaTek (TPE:2454) unit HFI Innovation has acquired a package of patents from LG Electronics (KRX:066570) for NT$1.60 billion, according to a Friday Taiwan Exchange filing.The acquisition is intended for operational use, the chipmaker said.
LG Electronics (KRX:066570) introduced an ultra-low-power display on Thursday, called the LG ePaper Display, according to a same-day release.The product is expected to launch in the domestic market in June, following which it will be introduced across the overseas markets, the release said.The paper-like digital signage uses electronic ink technology to considerably lower power consumption while displaying menus, advertisements, and promotional content. The 32-inch display supports quad high definition (QHD) resolution, features enhanced color reproduction via LG's proprietary algorithm, and offers wide viewing angles, it said.Shares of LG Electronics fell 4% at market close.
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