LG Corp.
LG Corp is a Korea-based holding company primarily engaged in the fields of electronics, chemicals, telecommunication and services. The Company operates through its 14 subsidiaries and other affiliates. The Company's flagship business entities are LG Electronics Inc., LG Chem LTD, LG Telecom,Ltd. Other entities include LG Dacom Corporation, LG CNS Co., Ltd, SILTRON Incorporated, LG SERVEONE, LG HOUSEHOLD & HEALTH CARE LTD, LG MMA Corporation, LG LIFE SCIENCES, LUSEM CO., LG Management Development Institute, LG SPORTS Ltd, LG Solar Energy Inc. and LG N Sys. The Company provides investment and consulting services for its affiliated companies. Its investment portfolio also involves non-affiliates.
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Directors of GoConnect Ltd (ASX:GCN) are pleased to advise that the company's IPTV business channel, World Business Network, has just received approval from LG Inc. (SEO:066570) and has gone live on all LG Internet connected TVs sold globally. The World Business Network is available as a downloadable application on all Internet connected TVs of LG. It currently carries two programs, The Business Show, which distributes a series of sponsored business interviews conducted by Adam Shand, and the ABN Newswire business news programs.
Asian markets sharply fell on Tuesday with the pessimistic sentiment that the global economic downturn could be lasting longer than expected. Tokyo market ended 1.4% lower, while Shanghai Composite dropped 2.9%, giving up some recent gains. South Korea stocks took a massive 4.1% loss, and Hong Kong's Hang Seng Index slipped 3.8%.
Overnight US stocks rallied and commodity gained after the Federal Reserve's chairman backed more government spending to help the economy and credit market conditions showed further signs of improvement.
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