Tech

SEOUL, Apr. 19, 2024 – LG Electronics (LG) has successfully issued a global bond of USD 800 million, marking its first in 17 years. Despite the growing global volatility, LG managed to achieve a negative New Issue Premium (NIP), indicating strong interest from global institutions.  The bonds are denominated in U.S. dollars and divided into two categories: a USD 500 million bond with a 3-year maturity and a USD 300 million bond with a 5-year maturity. The 5-year bond is classified as a Sustainability Bond.  The additional interest rate, or spread, is set at 95 basis points (bp) and 110bp above the US Treasury bond interest rate for the 3-year and 5-year bonds respectively, 40bp lower than the initially proposed spread.  LG received a substantial investment order of approximately USD 9.4 b...

Guided by the unwavering conviction that a good life means enjoying every precious moment to the fullest, LG aims to create innovations for a better life while working with brave optimism to ensure Life’s Good for everyone, no matter where they live. In line with World Happiness Day – celebrated annually on March 20 – LG Germany and influencer Gina Rühl paid a special visit to DAS HAUS in Neuss, spending the afternoon with children suffering from physical and mental disabilities. True to the motto ‘Happiness doubles when you share it,’ this project not only aims to put a smile on the faces of countless children, but also demonstrate the immense impact of technical helpers on the daily lives of those that need a little help. Gina is a living example of relentless optimism and the ability...

Next month, LG CEO William Cho will be in Seattle, Washington, to attend the Microsoft CEO Summit, an event that brings together hundreds of CEOs from leading global companies to discuss topics ranging from the current state of the international business environment and economic and supply chain challenges, to new and developing market trends. Artificial Intelligence, the transformational technology that continues to change the way people live and work, is expected to be a major focus at this year’s summit. At CES 2024 in January, CEO Cho redefined AI as ‘Affectionate Intelligence,’ communicating how a more caring, empathetic and authentic AI is essential to bring customer experience to a whole new paradigm. “Through our close collaboration with leading global tech companies such as Micr...