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Thu, December 9, 2021 | 13:48

LG Energy Solution seeks to raise up to 12.75 trillion won in IPO

Battery maker LG Energy Solution is seeking to raise as much as 12.75 trillion won ($10.8 billion) in what would be Korea's largest initial public offering (IPO), planned for early next year, the company said Tuesday.

2021-12-07 20:58

Rohingya refugees sue Facebook for $150 billion over Myanmar violence

Rohingya refugees from Myanmar are suing Meta Platforms, formerly known as Facebook, for $150 billion over allegations that the social media company did not take action against anti-Rohingya hate speech that contributed to violence.

2021-12-07 16:56

[ANALYSIS] Samsung's combined set-making business mimics Apple

Samsung Electronics implemented a large-scale reshuffle of executives Tuesday and one notable aspect was the appointment of Han Jong-hee, president of its TV business, as vice chairman of a new division made up of the TV, consumer electronics and mobile phones units.

Baek Byung-yeul | 2021-12-07 16:39

Samsung replaces CEOs of 3 key business units

LG CNS to offer metaverse service for companies

Choi Moon-keun, executive vice president and head of the Digital Transformation business unit at LG CNS, signs an agreement with oVice founder and CEO Jung Sae-hyung, right in a TV screen, in this photo provided by the former, Tuesday. LG CNS and oVice joined hands to provide metaverse services to help client companies have their own virtual reality services for business acti...

Baek Byung-yeul | 2021-12-07 13:04

SEC probes Tesla over whistleblower claims on solar panel defects

The U.S. securities regulator has opened an investigation into Tesla over a whistleblower complaint that the company failed to properly notify its shareholders and the public of fire risks associated with solar panel system defects over several years, according to a letter from the agency.

2021-12-07 11:18

Samsung renews M&A approach amid antitrust concerns

Expectations are that Samsung Electronics is on track to renew its approach to merger and acquisition (M&A) activities after watching U.S. graphic chip giant Nvidia struggling with its acquisition of British chip company ARM due to antitrust concerns.

Baek Byung-yeul | 2021-12-06 16:51

[ANALYSIS] Omicron fears spell early end to doldrums in chip industry

A top-tier investment bank released a report in August, intriguingly titled “Winter Is Coming,” warning of challenging pricing conditions through next year.

Kim Yoo-chul | 2021-12-06 16:20

Uncertainties linger on Omicron, Evergrande default risks

LG Innotek exec wins Trade Day award for optical components exports

An LG Innotek executive won an Industrial Service Medal given by the government for promoting exports of optical components, the company said Monday.

Baek Byung-yeul | 2021-12-06 15:34

Omicron fears prompt Samsung, LG, Hyundai to consider Plan B for CES

Increasing jitters over the Omicron variant of the coronavirus could prompt Samsung, LG, Hyundai and other companies taking part in the Consumer Electronics Show (CES) in Las Vegas in January to change their plans to showcase their technologies at the world's most influential technology trade show held each year.

Baek Byung-yeul | 2021-12-03 15:28

Omicron takes toll on conglomerates' business management

Chinese ride-hailing giant Didi to delist from New York exchange

Chinese ride-hailing giant Didi Chuxing said Friday it would start the process of delisting its shares from the New York stock exchange, shortly after US regulators adopted a rule that would allow them to remove foreign firms.

2021-12-03 11:35

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