SEOUL, July 6 (Korea Bizwire) — South Korea’s LG Chem and Samsung SDI have outpaced global rivals in terms of strategy and execution in the energy storage system (ESS) battery industry, a report showed Monday. LG Chem led the corporate assessment in the ESS segment with a total score of 84, trailed by Samsung SDI with 83.5, [...]
SEOUL, June 28 (Korea Bizwire) — LG Chem, South Korea’s leading chemical and battery maker, said Sunday it has developed the world’s first hexagonal battery for smartwatches, adding its mass production will begin in the near future. The company said the hexagon-shaped model boasts 25 percent higher capacity compared to traditional rectangular versions, allowing users [...]
SEOUL, June 8 (Korea Bizwire) – South Korean companies are rushing to step up their emergency response efforts to better protect their employees from Middle East Respiratory Syndrome (MERS), which is showing signs of a wide spread in South Korea. South Korea remains gripped by the potentially deadly disease that has claimed six lives so far [...]
SEOUL, May 27 (Korea Bizwire) — LG Chem, South Korea’s leading chemicals and battery maker, will team up with U.S. energy giant Duke Energy to build a battery-based energy storage system at a retired coal power plant in Ohio, the companies said Wednesday. LG Chem said it will provide the operating system and batteries for the [...]
SEOUL, May 17 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical and battery maker, said Sunday that it has signed a deal to supply electric vehicle batteries to a major SUV company in China. Under the deal signed with Great Wall Motor, LG Chem will supply batteries for plug-in electric SUV models that [...]
SEOUL, South Korea, Feb. 5 (Korea Bizwire) – LG Chem., Ltd., the world’s largest OLED light panel manufacturer, today unveiled the world’s biggest building installation of OLED lighting at the inauguration ceremony for Seoul National University’s new main library. LG Chem supplied 1,100 OLED light panels for reading lights at the KwanJeong Library at Korea’s premier [...]
SEOUL, Jan. 13 (Korea Bizwire) — Korean companies are building up a solid lead in the market for electric vehicle batteries. According to a market report on automotive batteries published by SNE Research on January 12, Korean companies held a 41 percent share of automotive battery patents as a percentage of the global total. LG Chem held [...]
SEOUL, Sep 12 (Korea Bizwire) – LG Chem has set out to engage in the OLED lighting device business in earnest. The LG Group company said on September 11 that it has developed new OLED lighting panels comparable to LED lighting devices in terms of energy efficiency and life span without the problem of glaring. The company [...]
SEOUL, Aug. 21 (Korea Bizwire) – LG Chem will supply electric car battery packs to Germany’s Audi, a Volkswagen Group company. As the Korean battery maker secures more than a half of the world’s top-ten auto manufacturers as clients, it is in an enviable position to take the leadership in the fast-emerging eco-friendly car battery market. The LG [...]
SEOUL, Aug. 13 (Korea Bizwire) — Amid the sluggish petrochemical market due to low global economic growth and low demand from China, LG Chem plans to overcome the situation with a two-track strategy of reinforcing technology-based business and developing new materials. LG Chem, a leading electric vehicle battery maker, made the two-track business plan to [...]