SEOUL, June 30 (Korea Bizwire) — LG Electronics Inc., South Korea’s leading home appliance maker, said Monday it has acquired a Norwegian hot water storage company to strengthen its foothold in the European air and water heating markets. The company said it acquired a 100 percent stake in OSO Group AS, a firm known for [...]
SEOUL, June 17 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it has appointed RM, leader of K-pop sensation BTS, as the official ambassador for its Samsung Art TV. As part of the collaboration, Samsung Electronics will release “RM’s Art Commentary” on the Samsung Art Store, where RM shares his personal perspectives on a selection [...]
SEOUL, June 16 (Korea Bizwire) — LG Display Co., a global leader in display panel manufacturing, has filed a patent infringement lawsuit in the United States against Chinese firm Tianma Microelectronics Co. to protect its intellectual property, according to industry sources Monday. According to the sources, the South Korean company filed the suit Friday (U.S. [...]
SEOUL, June 13 (Korea Bizwire) — A Seoul court has ruled in favor of Samsung Electronics in a high-profile lawsuit filed by over 1,800 Galaxy smartphone users, who claimed the company misled them by pre-installing software that throttled device performance without adequate disclosure. In a ruling delivered Wednesday, the Seoul Central District Court dismissed the [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s alternative trading system (ATS), NextTrade (NXT), is rapidly gaining traction as a go-to platform for off-hours stock trading, with pre-market and after-hours volumes soaring fivefold over the past two months. Despite the momentum, the company says it will prioritize stability over aggressive expansion. According to figures released by [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s residential system air conditioner market is experiencing robust growth, driven by rising consumer demand for efficient space cooling and stylish home interiors, as well as a boom in home remodeling. According to industry data released on June 8, more than 80% of households moving into new apartments [...]
SEOUL, June 2 (Korea Bizwire) — LG Electronics announced the launch of its latest Whisen AI System Air Conditioner, equipped with advanced radar sensors and upgraded artificial intelligence (AI) capabilities designed to enhance comfort, energy efficiency, and user experience in both residential and commercial settings. The new model features an “AI Wind” function that autonomously analyzes [...]
TAIPEI, May 20 (Korea Bizwire) – Samsung Display is making its debut at Asia’s largest IT trade show, Computex 2025, showcasing a range of industry-leading OLED technologies aimed at reshaping the future of IT displays. The company announced Tuesday that it will operate a private exhibition booth for key clients from May 20 to 23 at [...]
SEOUL, May 16 (Korea Bizwire) — Samsung Electronics is doubling down on cost-cutting measures within its television division as it continues operating under an emergency management system introduced last year to weather mounting industry pressures. According to industry sources, Samsung’s Visual Display (VD) division reaffirmed its internal austerity guidelines in a company-wide notice on May 12. [...]
SEOUL, May 14 (Korea Bizwire) — Samsung Electronics has made its biggest acquisition in nearly a decade, purchasing Germany-based FläktGroup for €1.5 billion (approximately 2.38 trillion won or $1.68 billion) in a move to aggressively expand into the fast-growing global heating, ventilation, and air-conditioning (HVAC) market. The deal, announced Tuesday, positions Samsung to capitalize on soaring demand [...]