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Industry

LG Chem to focus on AI chips, auto materials; targets 2 trillion won electronic materials sales by 2030

LG Chem plans to double sales from its electronic materials business to 2 trillion won by 2030, positioning the segment as a key future growth pillar. The company said it will respond to rising demand for high-performance materials used in AI semiconductors, autonomous driving and next-generation displays. It will expand semiconductor packaging materials, broaden automotive material offerings and accelerate development of display materials for applications such as XR and robots.

Industry

Hanwha Solutions board joins executives in share purchases

All outside directors at Hanwha Solutions will buy company shares in support of a rights issue, the company said on Sunday. Board chairman Jang Jae-su and outside directors Song Gwang-ho, Bae Seong-ho and Lee A-young said they agreed on the need for the rights issue announced on March 26. Their participation follows earlier share purchase plans announced by senior executives, including Vice Chairman Kim Dong-kwan.

AI & Enterprise

MegazoneCloud to co-develop physical AI business models with Japan's AVITA

MegazoneCloud said on Monday it will work with Japan’s AI avatar company AVITA to develop physical AI business models. The companies recently signed a strategic partnership agreement at MegazoneCloud’s liaison office in Seoul’s Yeoksam-dong. They plan to combine MegazoneCloud’s cloud and AI capabilities with AVITA’s AI avatar technology to develop physical AI services linked to autonomous robots and apply them across industrial sites, with plans to expand cooperation into areas including finance and the public sector.