LG Energy Solution (LGES) siad that it will take strong action against the widespread unauthorized use of its patented battery technologies, to maintain its technological edge as a leading battery maker and lead the way in fostering fair competition in the fast-growing industry, the company said Wednesday.
Korea s industry ministry said Tuesday it plans to spend 100 billion won ($74.9 million) this year to support local businesses seeking to bring their production back home from overseas.
The government increased the 2024 research and development (R&D) budget for chips, batteries, displays, bio, future cars and robots by 5.8 percent compared to this year to 2 trillion won ($1.5 billion), aiming to bolster competitiveness in the key industries, according to the Ministry of Trade, Industry and Energy, Monday.
GM EV recall costs to weigh on LG affiliates koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.