SEOUL, Aug. 6 (Korea Bizwire) – LG Electronics has introduced a groundbreaking addition to South Korea’s home appliance market: the country’s first water purifier with built-in ice preservation technology. The company announced the launch of its LG PuriCare ObjetCollection Ice Water Purifier on August 5, marking a significant innovation in the competitive water purifier industry. The [...]
SEOUL, Aug. 5 (Korea Bizwire) – The robot vacuum cleaner market in South Korea is witnessing intensified competition as Samsung Electronics and LG Electronics aggressively enter a field long dominated by China’s Roborock. The battleground is centered around all-in-one robot vacuum cleaners that combine dust suction, mopping, and self-cleaning functions. According to industry sources, Roborock, the [...]
SEOUL, Jul. 24 (Korea Bizwire) – LG Electronics announced on July 23 that it has received over 16,000 ideas from customers in South Korea and the United States for its innovative “UP Appliances” program, highlighting a growing trend in consumer-driven product development. Launched in 2022, LG’s UP Appliances are designed to evolve with customers’ needs, allowing [...]
SEOUL, Jul. 12 (Korea Bizwire) – LG Electronics announced on July 11 that its subscription-based business model for premium home appliances is experiencing rapid growth, with more than 3 out of 10 customers opting for subscriptions over traditional purchases in June. The tech giant reported that 36.2% of sales for 20 subscription-eligible products at LG Best [...]
SEOUL, Jul. 10 (Korea Bizwire) – Samsung C&T Corporation, a major player in South Korea’s construction industry, is set to revolutionize home automation by introducing a service that controls various Internet of Things (IoT) devices from different brands through its proprietary home platform application, Homeniq. The construction division of Samsung C&T announced on July 9 that [...]
SEOUL, Jul. 8 (Korea Bizwire) – In a surprising turn of events, private label (PB) home appliances are making significant inroads into the South Korean market, traditionally dominated by major corporate brands. This trend, driven by cost-conscious consumers amid high inflation, is reshaping the landscape of the home appliance industry. A prime example of this shift [...]
SEOUL, Jul. 3 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has signed a deal to acquire the Netherlands-based home automation company Athom B.V. in a bid to create an open smart home ecosystem and enhance connectivity to home appliances and IoT devices. According to the company, LG Electronics will initially acquire an 80 [...]
SEOUL, May 27 (Korea Bizwire) – LG Electronics orchestrated a large-scale picnic on the Champs-Élysées in Paris on May 26 to celebrate the local launch of its MoodUP InstaView refrigerator. Coinciding with the city’s monthly car-free day that closes the iconic avenue to traffic, LG took the opportunity to organize its own promotional festivities. The company [...]
SEOUL, May 27 (Korea Bizwire) – Dyson launched its WashG1 floor cleaning appliance in South Korea on May 27, introducing a suction-free device capable of wet cleaning and removing debris using water. At a launch event held at the Boffi showroom in Seoul’s Gangnam District, Dyson’s wireless vacuum cleaner engineering lead, Asaph Ooi, provided a live [...]
SEOUL, May 27 (Korea Bizwire) — Starbucks Korea plans to equip all its stores nationwide with travel mug washers manufactured by LG Electronics by 2027 in a bid to reduce the use of disposable cups, officials said Monday. The plan was announced after the environment ministry forged a business agreement with Starbucks, LG Electronics and [...]