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Industry

LG Electronics joins South Korea partners to restore marine ecosystems

LG Electronics will use functional new materials to help restore marine ecosystems. The company said it signed an agreement with the Ministry of Oceans and Fisheries, South Gyeongsang province and the Korea Fisheries Resources Agency to create seaweed forests off Deokmyeong-ri in Goseong county from 2026 to 2029. The project will apply LG Marine Balance, which releases mineral ions in water. LG also said it has proprietary control technology and is expanding production capacity.

Industry

Posco Future M agrees long-term supply of 190,000 tons of LFP cathode material to Korean battery maker

Posco Future M said on Wednesday it agreed with a South Korean battery maker on a large-scale, long-term supply of cathode material for LFP batteries. The deal calls for supplying more than 190,000 tons over six years from next year through 2032, with a formal contract expected in the third quarter. The company said it has completed facility conversion and plans to begin mass-production supply by year-end.

AI & Enterprise

LG CNS joins global AI materials alliance, backs AX for South Korean firms

LG CNS said on July 27 it was selected as a founding member of the AI Materials Foundry, a global materials development collaboration led by British AI startup CuspAI. The alliance includes 48 companies and research institutes including Nvidia, Meta, AMD, 3M and Merck. LG CNS will oversee the platform’s introduction and operations in South Korea, supporting data integration, result interpretation, and platform deployment and maintenance for firms developing new materials.