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) – In an unprecedented move, Samsung Electronics’ largest labor union has declared its intention to stage a full-scale strike, raising concerns about potential disruptions at the tech giant’s operations. The National Samsung Electronics Labor Union, representing approximately 28,000 workers or 22% of the company’s workforce, announced on July 1 that wage [...]
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, June 30 (Korea Bizwire) –LG Electronics announced on June 30 that it will launch its 2024 lineup of wireless OLED TVs featuring improved wireless transmission technology in both domestic and international markets. The new models boast significant improvements over their predecessors. The maximum refresh rate for 4K resolution has been increased from 120Hz [...]
SEOUL, Jun. 26 (Korea Bizwire) – Samsung Electronics and LG Electronics are ramping up their efforts to dominate the hotel TV market, showcasing upgraded televisions and specialized solutions at HITEC 2024, the world’s largest hospitality technology show, currently underway in Charlotte, North Carolina. Samsung revealed on June 25 that it has integrated Apple AirPlay functionality into [...]
SEOUL, Jun. 23 (Korea Bizwire) – Samsung Electronics, the South Korean tech giant, has launched its 40-inch OLED TV models in the European market, following their introduction in North America. This strategic move aims to strengthen Samsung’s position in the OLED TV sector through expanded product lines and market presence. According to industry sources on June [...]
SEOUL, Jun. 20 (Korea Bizwire) – Samsung Electronics announced on June 19 that it swept 11 categories, the highest number of awards, at InfoComm 2024, the largest display exhibition in North America, held from the June 12 to 14 in Las Vegas. Samsung Electronics said that the new products and solutions unveiled at the exhibition received [...]
SEOUL, Jun. 18 (Korea Bizwire) — LG Electronics Inc. said Tuesday it will pay out 90 billion won (US$65.2 million) in dividends to its shareholders for the first half as part of plans to increase shareholder value. Shareholders will receive 500 won per share on June 30, according to the company in a filing. This [...]
SEOUL, Jun. 17 (Korea Bizwire) – A recent study by KT Corporation has revealed that more than half of single-person households in South Korea engage in simultaneous television viewing and mobile device usage, seamlessly combining entertainment with information gathering and online shopping. On June 13, KT announced the findings after analyzing big data from 3 million [...]
SEOUL, Jun. 17 (Korea Bizwire) – LG Electronics has unveiled a premium experience space called “Another Hanok” in Madrid, Spain, designed to showcase its AI-powered appliances and energy-efficient heating, ventilation, and air conditioning (HVAC) solutions, the company announced on June 16. Another Hanok is a traditional Korean-style building outfitted with LG Electronics’ high-efficiency energy products, achieving [...]