SEOUL, May 1 (Korea Bizwire) — LG Electronics Inc. outpaced its U.S. rival Whirlpool Corp. in terms of sales in the first quarter of 2020, data showed Friday, on the back of the robust performance of its premium home appliance business division. U.S. home appliance maker Whirlpool posted an operating profit of US$260 million in [...]
SEOUL, March 7 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. have begun their duel in the local dryer market, industry observers said Saturday, as they released new products with upgraded artificial intelligence (AI) and sanitizing features. Industry officials expect that South Korea’s clothes dryer market could grow up to 2 million units [...]
SEOUL, Jan. 29 (Korea Bizwire) — Samsung Electronics Co. on Wednesday launched new laundry appliances with upgraded artificial intelligence (AI) features for the South Korean market. The tech giant unveiled its Grande AI range of washing machines and dryers — part of the company’s Project Prism, which aims to reflect consumers’ lifestyles and offer personalized [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s two tech giants — Samsung Electronics Co. and LG Electronics Inc. — said Tuesday they will unveil their new home appliance products at a U.S. trade show for the kitchen and bath market, highlighting their built-in design and artificial intelligence (AI) solutions. Samsung and LG are among [...]
SEOUL, Jan. 20 (Korea Bizwire) – The dishwasher is emerging as a must-have home appliance for South Korean households. Shinsegae Department Store said Sunday that sales of dishwashers soared 323.2 percent last year. Considering that sales of household appliances grew 20.4 percent last year, the growth in sales of dishwashers is overwhelming. Sales of dishwashers [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korean home appliance makers are already gearing up for the summer season as they introduced their latest lineup of air conditioners to attract consumers here. Samsung Electronics Co. and LG Electronics Inc. launched the 2020 versions of their air conditioners this week, emphasizing upgraded artificial intelligence (AI) and [...]
SEOUL, Jan. 15 (Korea Bizwire) — After a brief pause, Samsung Electronics Co. and LG Electronics Inc. are set to intensify their tech battle in TVs with their latest and cutting-edge technologies, industry insiders said Wednesday. Samsung and LG were the two main players anchoring South Korea at the Consumer Electronics Show (CES) 2020, which [...]
LAS VEGAS, Jan. 13 (Korea Bizwire) — South Korean tech giant LG Electronics Inc. eyes to cement its premium image in the U.S. TV market with OLED and 8K TV sets, the company’s officials have said. LG’s TV products — from roll-down TVs to very thin wall-mounted TVs — caught the eyes of attendees at [...]
LAS VEGAS, Jan. 5 (Korea Bizwire) — South Korean home appliance maker LG Electronics Inc. said Sunday it will unveil a new type of its rollable TV highlighting flexible OLED display technologies and upgraded artificial intelligence (AI)-powered solutions at the upcoming tech expo here. Under the slogan “Innovation for better life,” LG Electronics will introduce [...]
LAS VEGAS, Jan. 5 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co., said Sunday it will unveil upgraded 5G, artificial intelligence (AI) and Internet of Things (IoT)-powered products at the upcoming tech expo here to highlight its vision of an “intelligently connected” world. The South Korean tech titan boasts the largest booth among [...]