LG Group Archives | Be Korea-savvy
LG Holds Annual Event to Nurture Innovative Startups

LG Holds Annual Event to Nurture Innovative Startups

SEOUL, Sept. 7 (Korea Bizwire) — LG Group said Thursday it held an annual startup event to nurture and support promising startup companies. Forty companies from various fields, including artificial intelligence, bio technology and clean tech sectors, three of the sectors LG designated as future growth engines, participated in the event to demonstrate their technologies [...]

LG Group to Spend Over US$100 Million for Advanced AI Tech Development

LG Group to Spend Over US$100 Million for Advanced AI Tech Development

SEOUL, May 17 (Korea Bizwire) — LG Group, South Korea’s fourth-largest conglomerate, said Monday it will invest more than US$100 million for the next three years to establish massive high-performance computing infrastructure for advanced artificial intelligence (AI) development. LG AI Research, the group’s AI R&D hub, plans to develop a “hyper-mega AI” system resembling a [...]

LG Claims Affiliate Spin-off Will Improve Shareholder Value

LG Claims Affiliate Spin-off Will Improve Shareholder Value

SEOUL, Dec. 15 (Korea Bizwire) — LG Group, South Korea’s fourth-largest conglomerate, on Tuesday refuted claims that its planned spin-off of affiliates could undermine shareholder value, saying the move will actually benefit its stockholders. “We believe our shareholder value will improve since the group can focus on its key businesses, including electronics, chemicals and telecommunications,” [...]