Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Thailand Inflation Remains Negative for 10th Straight Month in January 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
LG Electronics and Kakao Mobility joined forces to develop new services and systems for future mobility. They will be working together to make create devices such as robots and infotainment systems for vehicles.
As per The Korea Herald, the two companies held a meeting to sign a memorandum of understanding (MOU) for the next-generation mobility project. LG Electronics and Kakao Mobility’s respective chief technology officers were also present during the signing ceremony that took place last week.
It was revealed that the collaboration is expected to be involved in a bunch of new projects. Aside from the delivery robots and in-car user experience, they will also develop devices for vehicle communications for the safety of passengers, connected home appliances, and support for mobility startups.
With LG Electronic’s expertise in telecommunications, robots, data convergence, and infotainment systems, it is expected to create great teamwork with Kakao Mobility’s platform operation proficiency and capabilities in data analysis skills.
LG Electronics and Kakao Mobility will be creating delivery services using autonomous robots as their first project under the partnership. The former’s autonomous robots and delivery solutions will be taken up to operate on the latter’s remote control platform. From the delivery services inside and outside of buildings, LG and Kakao are planning to transform related services in different industries.
“Starting with a new partnership with LG Electronics, we will further bolster our competitiveness in future mobility and contribute to creating an industrial ecosystem involving startups as well,” Yoo Seung Il, Kakao Mobility’s chief technology officer, said in a statement.
Kim Byung Hoon, LG Electronics’ chief technology officer, further said, “In partnership with the nation’s best mobility platform operator Kakao Mobility, we will offer a new consumer experience using our expertise in the fields of infotainment systems, robots, data convergence, and telecommunications.”
Finally, The Korea Economic Daily reported that the collaboration of LG Electronics and Kakao Mobility is the latest in a series of moves being taken by major firms in South Korea to explore future mobility projects. Prior to their partnership, other big Korean companies, including Hyundai Motors and Woowa Brothers, have also come together to jointly develop delivery robots that can move inside building structures and are fitted with a payment service for convenient deliveries.
