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Biz & Tech

Sun, April 11, 2021 | 22:20

Biden hails battery dispute settlement between LG, SK

WASHINGTON - U.S. President Joe Biden on Sunday hailed the settlement of an electric vehicle battery dispute between LG Energy Solution Ltd. and SK Innovation as a "win for American workers and the American auto industry."SK Innovation agreed to pay 2 trillion won ($1.78 billion) to settle the dispute with LG Energy Solution and withdraw all their other pending litigations to...

2021-04-11 21:24

SK to pay $1.78 bil. to settle battery dispute with LG

SK to pay $1.78 bil. to settle battery dispute with LG

SK Innovation (SKI) has agreed to pay 2 trillion won ($1.78 billion) to settle its battery dispute with local rival LG ...

Kim Bo-eun | 2021-04-11 17:05

White House meeting to speed up Samsung's US investment

Samsung Electronics will participate in a White House meeting, Monday (local time), to address the global semiconductor shortage issue.

Baek Byung-yeul | 2021-04-11 16:31

LG, SK reach last-minute settlement in International Trade Commission battery dispute

Two Korean battery makers - LG Energy Solution Ltd. and SK Innovation Co. - have reached a settlement in a trade secrets dispute in the United States, company officials said Sunday, hours before a deadline for an import ban on SK. The U.S. International Trade Commission (ITC) in February sided with LG in a trade secret case and issued a 10-year import ban on SK, while tempora...

2021-04-11 09:41

Alibaba fined $2.8 billion on anti-competition charge in China

Alibaba Group, the world's biggest e-commerce company, was fined 18.3 billion yuan ($2.8 billion) by Chinese regulators on Saturday for anti-competitive tactics, as the ruling Communist Party continued to tighten its control over fast-growing tech industries.

2021-04-10 12:11

LinkedIn says some user data extracted and posted for sale

Some LinkedIn data, including publicly viewable member profile, has been extracted and posted for sale, Microsoft Corp's professional networking site said based on an investigation.

2021-04-09 20:11

Kakao seeks to acquire top fashion app Zig Zag

Kakao, the country's leading instant messaging company, is seeking to acquire the top female fashion shopping application, Zig Zag. According to industry sources, Kakao is under review to become the largest shareholder of the fashion tech company.

Kim Hyun-bin | 2021-04-09 15:56

LG Electronics set for reevaluation after phone biz exit

With LG Electronics expected to post its best-ever quarterly results thanks to soaring demand for home appliances in the first quarter, industry analysts said Thursday the tech company still has more room to grow due to its decision to exit the smartphone business.

Baek Byung-yeul | 2021-04-08 17:03

Leadership vacuum troubles Samsung amid global chip shortage

A prolonged leadership vacuum at Samsung Electronics has placed the semiconductor giant in a tough spot with strategic decisions over new investments in the U.S. being delayed. Meanwhile, amid the global shortage of semiconductors, rival TSMC of Taiwan is building a large plant there. Samsung chief Lee Jae-yong was jailed in January after receiving a two-and-a-half-year priso...

Kim Bo-eun | 2021-04-08 17:02

SK Broadband launches TV channels

SK Broadband said its subsidiary Media S launched two TV channels, Thursday. This is part of the company's plan to set up a value chain in the media business that encompasses content, channels and platforms.

Kim Bo-eun | 2021-04-08 16:37

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