SEOUL, Feb. 22 (Korea Bizwire) — LG Electronics Inc. shipped more than four million units of premium OLED TVs last year, double the volume from a year earlier, on steady demand for premium TVs, a report showed Tuesday. The South Korean consumer electronics giant shipped a total of 4.04 million OLED TVs last year, with [...]
SEOUL, Feb. 22 (Korea Bizwire) — South Korean home appliance makers are offering upgrade services for previously sold products as part of their customer lock-in strategy. On Feb. 10, when Samsung Electronics Co. unveiled new Galaxy S22 smartphones, the company revealed a plan to extend its Android OS upgrade policy from three to four years. [...]
SEOUL, Feb. 20 (Korea Bizwire) — Samsung Electronics Co. topped global TV sales for the 16th consecutive year in 2021 on increased sales of its high-end TVs amid the COVID-19 pandemic, a global market research firm said Sunday. Last year, Samsung Electronics accounted for 29.5 percent of the world’s TV market in terms of the [...]
SEOUL, Feb. 17 (Korea Bizwire) — Samsung Electronics Co. on Thursday released new Bespoke home appliances and the premium lineup of Infinite as part of efforts to expand its competitiveness in the high-end home appliances market. The tech giant said its new home devices, 24 in total, come with enhanced artificial intelligence features that boost [...]
SEOUL, Feb. 9 (Korea Bizwire) – Global TV shipments are forecast to slightly rebound this year amid falling LCD panel prices, with high-end TVs continuing to enjoy robust growth, industry reports said Tuesday. The industry tracker Trendforce expected global TV shipments to reach around 217 million units this year, up 3.4 percent from a year [...]
SEOUL, Jan. 26 (Korea Bizwire) — LG Display Co., a South Korean major display panel maker, said Wednesday that its fourth quarter net income dropped 70.8 percent from a year earlier on declining LCD TV panel prices and one-off cost factors. Net profit for the three months ended in December came to 179.5 billion won [...]
SEOUL, Jan. 25 (Korea Bizwire) — LG Electronics Inc. said Tuesday it will roll out upgradable home appliances to better serve consumers’ varying needs, in what it said could be a major shift from selling products to offering improved consumer experiences. The tech giant said users will be able to easily update their home appliances [...]
SEOUL, Jan. 4 (Korea Bizwire) — LG Electronics Inc. on Tuesday unveiled its 2022 TV lineup that includes the world’s biggest OLED TV as the South Korean tech giant seeks to expand its presence in the premium TV market. The world’s largest OLED TV maker said it will debut the world’s biggest and smallest OLED [...]
SEOUL, Jan. 3 (Korea Bizwire) — Samsung Electronics Co. said Monday it will unveil its 2022 TV lineup at the Consumer Electronics Show (CES) in Las Vegas this week, including Micro LED and Neo QLED TVs in various sizes and with advanced features aimed at improving life at home amid the raging pandemic. The introduction [...]
SEOUL, Dec. 31 (Korea Bizwire) — South Korean electronics giant LG Electronics Inc. has launched a drive to develop a commercial washing machine that can wash clothes using carbon dioxide instead of water. The commercialization of this technology has been virtually impossible in the country due to strict safety regulations. The Ministry of Trade, Industry [...]