Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
American Airlines Plans Return to Venezuela Flights After U.S. Lifts Ban 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns 
Hyundai Motor Lets Russia Plant Buyback Option Expire Amid Ongoing Ukraine War 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
Google Cloud and Liberty Global Forge Strategic AI Partnership to Transform European Telecom Services 
Saks Global to End Saks on Amazon Partnership Amid Bankruptcy Restructuring 
SoftBank and Intel Partner to Develop Next-Generation Memory Chips for AI Data Centers 
CSPC Pharma and AstraZeneca Forge Multibillion-Dollar Partnership to Develop Long-Acting Peptide Drugs 
Bob Iger Plans Early Exit as Disney Board Prepares CEO Succession Vote 
S&P 500 Rises as AI Stocks and Small Caps Rally on Strong Earnings Outlook 
LG Electronics is selling another one of its businesses, and this time, it is its in-vehicle wireless charging unit. It was reported that the South Korean electronics company is in talks with Apple’s supplier, BH Co., for a sale deal.
According to The Korea Herald, BH Co. said on Monday, March 21, that it is discussing the acquisition of the in-car smartphone wireless charging business owned by LG Electronics. The Kosdaq-listed firm that was established in 1999 is said to be looking to acquire LG’s technology as well as human resources that used to have a connection with the vehicle component solutions unit.
“Discussions are underway to acquire the in-car wireless smartphone charging business as part of efforts to diversity business portfolio and bolster competitiveness,” BH stated in a regulatory filing after it was asked to comment on the acquisition reports.
In the financial aspect of the deal, it was reported that the acquisition may cost BH some 140 billion won or around $115 million. The in-vehicle wireless charger is seen as one of the main technologies that are highly necessary for hands-free connected driving. It was revealed that LG had supplied similar solutions to major automakers, including General Motors, since the technology was placed in the market in 2017.
The Korea Economic Daily reported that LG Electronics Inc.’s plan to withdraw its vehicle wireless smartphone charging business comes after it has officially given up its smartphone biz last year since it is not making profits any longer, and only incurring huge losses. Now, with its latest sale, it was said that getting rid of another unit will allow LG Electronics to focus more on its new ventures once the company reorganization is completed.
Finally, KED Global reported that BH Co. will be carrying out the purchase of LG Electronic’s in-vehicle wireless charging business through BH EVS Co., the company’s unit for its automotive electronics venture that was launched earlier this month.
BH Co. makes printed circuit boards that are used in high resolutions displays and these are one of the parts that it is supplying to US’ Apple Inc. and Samsung Electronics. The company wants to expand its portfolio from mobile phone parts to auto parts; thus, the acquisition of LG Electronic’s in-car wireless charging technology will be a big boost for its plans.
