Meta Signs Multi-Billion Dollar AI Chip Deal With Google to Power Next-Gen AI Models 
Trump Warns Iran as Gulf Conflict Disrupts Oil Markets and Global Trade 
Nintendo Share Sale: MUFG and Bank of Kyoto to Sell Stakes in Strategic Unwinding 
USITC to Review Impact of Revoking China’s PNTR Status, Potentially Raising Tariffs on Chinese Imports 
FCC Approves Charter Communications’ $34.5 Billion Acquisition of Cox Communications 
Ecuador Raises Tariffs on Colombian Imports to 50% Amid Border Security Dispute 
Middle East Airspace Shutdown Disrupts Global Flights After U.S.-Israel Strikes on Iran 
U.S.-Canada Trade Talks Resume as Trump Administration Reviews USMCA 
Panama Investigates CK Hutchison’s Port Unit After Court Voids Canal Contracts 
Pentagon Weighs Supply Chain Risk Designation for Anthropic Over Claude AI Use 
Germany and China Reaffirm Open Trade and Strategic Partnership in Landmark Beijing Visit 
Paramount Skydance to Acquire Warner Bros Discovery in $110 Billion Media Mega-Deal 
Japan Nominates Reflationist Economists to BOJ Board, Signaling Policy Shift 
Netflix Declines to Raise Bid for Warner Bros. Discovery Amid Competing Paramount Skydance Offer 
Coupang Reports Q4 Loss After Data Breach, Revenue Misses Estimates 
Gold Prices Rally in February as Geopolitical Risks and Economic Uncertainty Boost Safe-Haven Demand 
LG Electronics revealed on Thursday, March 9, that it has set up its automotive research and development (R&D) unit in Hanoi, Vietnam. The company has an existing R&D hub in the country, and this would be merged into the newly-formed subsidiary.
LG Electronics said it has formed a Vietnamese unit to boost its research and development center in the region while also turning it into its local corporate entity. This is also part of the company’s plan to reach its goal of advancing its automotive solutions business further.
According to The Korea Herald, the new subsidiary has been named LG Electronics Development Vietnam, and it will now be overseeing the development and testing of software for in-vehicle infotainment systems, which is one of the key products in the firm’s vehicle solutions unit.
On Wednesday this week, the South Korean electronics company held a ceremony to mark the launch of its new unit in Vietnam. It was attended by prominent company and government officials from both countries. Some of the special guests during the event include Vietnam’s deputy director of the high technology department of the Ministry of Science and Technology, Nguyen Le Hung; Lee Sang Yong, senior vice president of R&D at LG’s vehicles solution unit; and Oh Young Ju, South Korea’s ambassador to Vietnam.
“We will continue to provide mobility solutions that deliver differentiated value to our global auto industry customers,” Lee Sang Yong said in a press release. “By boosting our infrastructure to the next level, LG will continue to further enhance our capabilities and develop next-generation, innovative mobility solutions.”
Finally, for its new Vietnamese R&D unit, LG Electronics will hire new workers as it aims to increase the number of its skilled staff, from the current 750 to 1,000, by the year 2024. The company first opened its R&D hub in Hanoi in 2016, and a second location was set up in 2020 in Da Nang.
