SEOUL, Feb. 15 (Korea Bizwire) — Samsung Electronics Co.’s Brazil office on Monday (local time) unveiled an online store-dedicated discount policy to promote the recycling of old home appliances. The new program, dubbed EcoTroca, provides a discount coupon to consumers who return old home electronics as a way to encourage their disposal in a proper and sustainable [...]
SEOUL, Feb. 6 (Korea Bizwire) — Samsung Electronics Co. has agreed to pay US$150 million to Nanoco Technologies in settlement for a patent lawsuit over a technology used in Samsung’s quantum-dot LED TV, a litigation finance firm for the British company has said. GLS Capital announced Friday the two parties reached the settlement shortly before [...]
SEOUL, Jan. 16 (Korea Bizwire) — LG Electronics Inc. said Sunday that the company’s plant in the U.S. state of Tennessee has been selected as a lighthouse factory by the World Economic Forum (WEF), the first of its kind among South Korean plants built overseas. According to the WEF, a lighthouse factory refers to a [...]
SEOUL, Jan. 11 (Korea Bizwire) — Samsung Electronics Co. is accelerating its move to stay ahead of the rapid changes of the way people consume news and entertainment on TV by enhancing content and services available exclusively on its smart devices, a senior executive has said. As the world’s biggest TV and smartphone maker, Samsung [...]
SEOUL, Jan. 11 (Korea Bizwire) — LG Electronics Inc. swept the top spots in all major categories of best washing machines evaluated by a U.S. consumer advocacy magazine once again this year after last year’s success. Consumer Reports chose the South Korean home appliances giant’s products as the best washer of the year in three [...]
LAS VEGAS, Jan. 4 (Korea Bizwire) — LG Electronics Inc. returned to CES with a bang after its all-virtual presentation that required a separate app to watch left many visitors scratching their heads last year. At CES 2023, LG’s new 72-inch OLED TV became the talk of the town even before the global tech trade show [...]
LAS VEGAS, Jan. 3 (Korea Bizwire) — There were few big surprises and eye-popping innovations at Samsung Electronics’ media events Tuesday, where its latest home gadgets were on full display ahead of the opening of CES 2023. To be fair, the South Korean tech giant did upgrade existing home appliances with new features, aimed at making [...]
LAS VEGAS, Jan. 2 (Korea Bizwire) — LG Electronics Inc. unveiled a vision for its TV business on Monday ahead of the opening of CES 2023, emphasizing connectivity and customization. The consumer electronics giant will dedicate itself to fulfilling the vision of Sync to You, Open to All, it said, based on its advanced organic light-emitting [...]
SEOUL, Dec. 30 (Korea Bizwire) — Samsung Electronics Co. announced Thursday a plan to showcase artworks using its lifestyle TV The Frame at the 2022 Union Art Fair, which is currently being held at Seoul Auction’s Gangnam Center in Seoul. This year marks the seventh anniversary of the Union Art Fair, which is a direct [...]
SEOUL, Dec. 28 (Korea Bizwire) — LG Electronics Inc. on Tuesday held a completion ceremony for a peak shaving energy storage system (ESS) at its home appliances factory LG Smart Park in Changwon, South Gyeongsang Province. The system is designed to contribute to lowering the burden of electricity charges as well as to reducing greenhouse [...]