The Realist’s Case: Lukas Kerrebijn of RD Dubai on the Narrative Dubai’s Agents Won’t Question 
Oil Prices Rise as US-Iran Conflict Threatens Middle East Supply 
FTSE 100 Falls as US-Iran Conflict Drives Oil Prices Higher 
Asian Stocks Tumble as Oil Surge Fuels Rate Hike Fears 
Australia GDP Beats Forecast, Boosting RBA Rate Hike Bets 
Street Poller Media and The Boom of the Street Interview Ad Industry 
GM Canada Workers Approve C$1.1 Billion Investment Deal 
Bessent Urges Japan on Fiscal Discipline, BOJ Rate Hikes 
Jefferies Names AMEC Top China Semiconductor Equipment Pick 
Dollar Hits Two-Week High as Iran Conflict Lifts Oil and Bond Yields 
MediaTek Shares Jump 10% on Nvidia’s $3.5 Billion Investment 
OpenAI Rejects Apple Trade Secret Theft Claims 
South Korea Unveils Record $597 Billion 2027 Budget to Boost AI and Chips 
Asian Currencies Mixed as Yen Nears 160, Oil Surges 
Asian Currencies Weaken as Dollar Rises, Kiwi Slides After RBNZ Hike 
US Strikes Iran IRGC Targets as Conflict Escalates 
China Manufacturing PMI Contracts Again as Recovery Remains Fragile 
Add as a preferred source on Google
LG Group sets up its new holding company called LX Holdings. It was said that this new firm has an asset worth around ₩8 trillion or $7.1 billion, and it was created as part of the company’s restructuring plan.
The new LG holdings company
As per Yonhap News Agency, the South Korean firm’s LX Holdings houses five LG subsidiaries, and these are LG Hausys Ltd., Silicon Works Co., LG MMA Corp, LG International Corp., and Pantos Co.
LG Group decided to remove some affiliates for Koo Bon Joon, the younger brother of the late company chief, Koo Bon Moo, and the uncle of LG’s current chairman Koo Kwang Mo. This move was made because the company maintains a tradition where the eldest son of the chief is bequeathed with management power over the firm.
The brothers of the chief then create their own business groups and become part of the group’s spinoff companies. This only happens when the chief is no longer around, and in this case, LX Holdings is a spinoff firm that will be managed by Boon Joon.
Parts business expected to bolster LX Holding’s business
Now that LX Holdings has been officially launched, the industry is now observing how its chairman, Koo Bon Joon, will make his move and grow Silicon Works, the new firm’s semiconductor affiliate.
Silicon Works is being seen as the one that will push LX Holdings to greater success since it is Korea’s leading fabless chip company. Moreover, in this time when semiconductor parts are in very high demand, the chip business will surely make the most profits in the tech industry today.
"Chairman Koo is set to focus on expanding the group's business portfolio, with Silicon Works taking a central role,” The Korea Times quoted a source as saying last weekend. “Given Koo's rich and wide business networks in the business-to-business (B2B) industry, in terms of growth, what Silicon Works' role will be for the group is likely the top consideration for the group chairman."
Finally, many believe Koo Bon Joon will also do well, just like he did with LG Display and LG International. Under his leadership, Silicon Works is now eyeing the digital semiconductor market, and it is said to be in the process of developing digital semiconductors that may be used in cars and appliances.
