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Posco's six chairman candidates unveiled

Posco Holdings has confirmed a total of six finalists to compete for the Korean steel giant's top post, as the current Chairman Choi Jeong-woo’s official term is due to expire in March. On Wednesday, the company's CEO Recommendation Committee unveiled the six chairman candidates, including three Posco veterans and three outsiders, after their eight meetings over the past few weeks. The committee has b...

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POSCO unveils names of six chairman candidates

Former LG Energy Solution CEO Kwon Young-soo, ex-Hyundai Steel Vice Chairman Woo Yoo-cheol and Korea National Oil Corp. CEO Kim Dong-sub were included on a shortlist of candidates announced, Wednesday, to become the next chairman of POSCO Group.

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Selection of next POSCO chairman triggers controversy

Rumors including one involving a top presidential aide have been spreading since last Thursday when POSCO Group started a process to appoint its next chairperson, according to industry officials, Tuesday.

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Top conglomerates to start executive reshuffles

South Korean conglomerates are set to carry out regular reshuffle of executives to gear up for the coming year, starting with LG Group this week. Samsung Electronics, SK Group and Hyundai Motor Group, the top three conglomerates in order, are expected to conduct their regular executive reshuffles as late as early December. On Thursday, LG Display appointed Jeong Cheol-dong, currently LG Innotek president as its new c...

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LG Energy Solution replaces CEO in generational shift

LG Energy Solution has appointed Kim Dong-myung, former head of the firm’s advanced automotive battery division, as its new CEO, after his predecessor Kwon Young-soo voluntarily decided to step down from the post, the battery maker said Wednesday in a year-end reshuffle of top management.

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LG Energy Solution names new CEO to propel growth

LG Energy Solution, the nation’s top battery maker for electric vehicles, said Wednesday that its board of directors has appointed President Kim Dong-myung as its new CEO starting next year. Kim, replacing the firm’s iconic leader Kwon Young-soo, is a chemical specialist who has been leading the aggressive overseas expansion in the burgeoning EV market in recent years. The new CEO joined the company, then...

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Could EV industry downturn come as blessing in disguise for battery makers?

Readjustments to global carmakers' electrification strategies in the wake of decelerating electric vehicle (EVs) demand globally present an opportunity for Korean battery makers to realign their plans and develop new technologies, according to industry officials, Friday.

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LG Energy, Toyota forge decade-long pact for EV batteries

ANN/THE KOREA HERALD – Korean battery manufacturer LG Energy Solution and Japanese auto-giant Toyota on Thursday revealed a groundbreaking partnership: a 10-year supply agreement for lithium-ion battery modules for Toyota’s electric vehicles manufactured in the US, marking the companies’ first ever collaboration in the burgeoning EV market. As part of this agreement, LG Energy Solution […]

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LG Energy Solution secures massive battery supply deal for Toyota EVs

LG Energy Solution and Toyota announced Thursday that they have signed a 10-year supply contract for lithium-ion battery modules to be used in Toyota’s battery electric vehicles assembled in the United States, marking the first collaboration between the Korean battery maker and the Japanese auto giant in the burgeoning EV market. LG Energy Solution said it will invest 4 trillion won ($3 billion) in its Michigan...

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LG Energy Solution to supply batteries to Toyota

LG Energy Solution (LGES) agreed to supply 20 gigawatt-hours of high-nickel NCMA (nickel, cobalt, manganese and aluminum) battery modules annually to Toyota Motor from 2025 to 2035 for the Japanese carmaker’s battery electric vehicles (BEVs) produced in the U.S. state of Kentucky, the Korean battery maker said Thursday.

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