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LG Electronics Inc (066570.KS)

066570.KS on Korea Stock Exchange

68,100.00KRW
30 Mar 2017
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₩-2,000.00 (-2.85%)
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₩70,100.00
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Latest Key Developments (Source: Significant Developments)

LG Electronics to build new $250 million manufacturing facility in Tennessee
Tuesday, 28 Feb 2017 04:00pm EST 

LG Electronics Inc <066570.KS>: LG Electronics to build U.S. factory for home appliances in Tennessee . Says plans to construct new, $250 million, 829,000-square-foot home appliance manufacturing facility near Clarksville, Tennessee .Under agreements with State of Tennessee, Montgomery County, company to get grants, tax incentives, other programmatic support for plant.  Full Article

LG Electronics to build washing machine plant in Tennessee - Nikkei
Tuesday, 28 Feb 2017 02:17pm EST 

Nikkei:LG Electronics to build a washing machine plant in Tennessee; facility projected to be in service in 2019 - Nikkei.  Full Article

LG Electronics USA says U.S. Federal Court awarded more than $168 million in damages to LG Electronics Mobilecomm USA
Thursday, 9 Feb 2017 11:05am EST 

LG Electronics USA : U.S. Federal Court awarded more than $168 million in damages, plus attorneys' fees and interest to LG Electronics Mobilecomm USA .Damages awarded relating to counterfeit wearables case.  Full Article

Avaco signs 6.78 bln won contract with LG Electronics
Tuesday, 20 Dec 2016 12:27am EST 

Avaco Co Ltd <083930.KQ> : Says it signs 6.78 billion won contract with LG Electronics Inc. to provide LCD manufacturing equipments .Says the contract period from Dec. 19 to Mar. 15, 2017.  Full Article

SNtek signs contract worth 12.6 bln won
Tuesday, 28 Jun 2016 11:26pm EDT 

SNtek <160600.KQ> Co., Ltd.: Says it signs contract with LG Electronics <066570.KS> Inc., to provide inline equipment .Contract amount of 12.6 billion won.  Full Article

INVENIA signs contract with LG Electronics Inc.
Thursday, 2 Jun 2016 10:48pm EDT 

INVENIA <079950.KQ> Co.,Ltd.: Says it signed contract with LG Electronics <066570.KS> Inc., to provide OLED manufacture equipment .Contract amount of 31.95 billion won.  Full Article

LG Electronics announces appointment of co-CEO
Friday, 18 Mar 2016 03:34am EDT 

LG Electronics Inc:The change of co-chief executive officers (Co-CEO) from Gu Bon Jun to Jo Jun Ho and Jo Seong Jin, effective March 18.Jeong Do Hyeon still serves as co-CEO in the company as well.  Full Article

LG Electronics declares annual cash dividend for 2015
Friday, 29 Jan 2016 02:55am EST 

LG Electronics Inc:To pay annual cash dividend of 400 won per share of common stock and 450 won per share of preferred stock for 2015.Dividend payment to shareholders of record on Dec. 31, 2015.Total dividend amount of 72,885,443,100 won.  Full Article

LG Electronics Inc - EU regulator hands out 116 mln euros cartel fine for disc drive makers - Reuters
Wednesday, 21 Oct 2015 12:39am EDT 

LG Electronics Inc:The European Commission has handed out a 116 million euros ($131.73 million) fine to producers of optical disc drives, having found them guilty of colluding on price - RTRS.The Commission, which acts as the competition watchdog in the 28-member European Union, said the largest fine of 41.3 million euros was for a joint venture of Toshiba and Samsung Electronics, while Sony 6758.T, Hitachi-LG Data Storage and Quanta Storage were also fined - RTRS."The anticompetitive conduct subject to fines in this case concerns agreements to collude in procurement tenders for optical disk drives for laptops and desktops produced by Dell and Hewlett Packard (HP)," the Commission said in a statement - RTRS.Philips and its joint venture partner Lite-On were also found guilty but not fined because they had alerted regulators to the cartel, the Commission added - RTRS."Millions of EU citizens use devices integrating optical disc drives all the time, for example when storing their favourite pictures on a disc.Keeping these markets competitive is important," European Competition Commissioner Margrethe Vestager said - RTRS."Today's decision demonstrates once again that cartelists cannot escape fines just by holding their meetings in cinemas and car parks outside Europe, while selling their products in Europe," she continued - RTRS.  Full Article

Netlist and LG Electronics to actively cooperate on development of HyperVault Mobile Memory Controller
Tuesday, 28 Apr 2015 07:30am EDT 

Netlist Inc:Enters into letter of intent (LOI) with LG Electronics, Inc. (LG) to jointly work on a HyperVault Mobile Memory Controller (HVMMC) with the intention of adopting HVMMC on a next generation mobile system of LG Electronics.Under the LOI, it is expected that Netlist and LG would combine the strengths of both companies to actively cooperate to build superior mobile memory controller for smart phones.The new HVMMC would benefit the end user by allowing a mobile system to reduce DRAM density, and therefore lower costs, without loss of system performance.The worldwide shipment of smartphones is anticipated to reach 1.9 billion units by 2018 according to forecasts by CCS Insight.It is expected that a growing share of those units will use a minimum of 3GB of DRAM or above.  Full Article

More From Around the Web

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LG Electronics to launch mobile payments service in South Korea in June

SEOUL South Korea's LG Electronics Inc said on Wednesday it will launch a new mobile payments service in its home country in June, trying to keep up with smartphone leaders Samsung Electronics Co Ltd and Apple Inc.