SEOUL, Aug. 28 (Korea Bizwire) — Samsung Electronics plans to unveil its latest lineup of Bespoke AI appliances at IFA 2025 in Berlin next month, pitching an upgraded vision of the “AI Home” that the company says will turn futuristic living into an everyday reality. Under the theme “AI Home – Future Living, Now,” Samsung [...]
SEOUL, Aug. 14 (Korea Bizwire) – South Korean tech giant LG Electronics Inc. said Thursday its Indian arm posted record first-half earnings this year, reflecting the firm’s commitment to expanding its presence in emerging markets. The company’s business report showed the Indian subsidiary recorded sales of 2.2 trillion won (US$1.65 billion) in the January-June period, [...]
SEOUL, Aug. 7 (Korea Bizwire) — Samsung Electronics is doubling down on its health-focused wearables, unveiling increasingly sophisticated sensor technologies for its Galaxy Watch line—some of which have even been used to monitor astronauts in space. According to the company, its latest model, the Galaxy Watch8, represents the culmination of more than a decade of [...]
SEOUL, Aug. 7 (Korea Bizwire) — Samsung Electronics has secured two major deals with global tech giants Tesla and Apple, signaling a potential turnaround for its long-struggling System LSI and foundry divisions. The company recently landed a record-breaking 23 trillion won ($16.5 billion) order from Tesla, followed by confirmation that it will begin supplying image [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s tech giants Samsung Electronics and LG Electronics swept top honors at the 2025 Ergonomic Design Awards, hosted by the Ergonomics Society of Korea, with a series of smart home appliances praised for their user-centric design, usability, and innovation. Samsung’s Bespoke AI Dishwasher was named Best of the [...]
SEOUL, July 22 (Korea Bizwire) — LG Electronics Inc. Chief Executive Officer (CEO) Cho Joo-wan has presented a replica of the company’s first radio to Qualcomm Inc. CEO Cristiano Amon as a symbol of appreciation for the long-standing partnership between the two companies. Amon shared a photo on Tuesday on his LinkedIn account of himself [...]
SEOUL, July 14 (Korea Bizwire) — LG Electronics is making a strategic push into Europe’s mid- to low-end appliance market by collaborating with Chinese manufacturers from the product design stage — a first for the South Korean tech giant. According to industry sources on July 14, LG plans to launch a new front-load washing machine [...]
SEOUL, July 8 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it has acquired U.S.-based digital health technology company Xealth in a bid to expand its health care information technology (IT) ecosystem. The acquisition agreement was signed on the previous day, and the acquisition process is expected to be completed by the end of [...]
SEOUL, June 30 (Korea Bizwire) — LG Electronics Inc., South Korea’s leading home appliance maker, said Monday it has acquired a Norwegian hot water storage company to strengthen its foothold in the European air and water heating markets. The company said it acquired a 100 percent stake in OSO Group AS, a firm known for [...]
SEOUL, June 30 (Korea Bizwire) — LG Electronics Inc., South Korea’s leading home appliance maker, said Monday it came close to meeting its 2030 greenhouse gas emissions target in 2024, driven by the adoption of high-efficiency equipment and expanded use of renewable energy. In its 2024-2025 Sustainability Report, the company said its combined Scope 1 [...]