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Archive by category Consumer Electronics

Samsung’s New Smart Ring Debuts Without Non-Invasive Blood Sugar Monitoring, Disappointing Some Consumers

SEOUL, Jul. 12 (Korea Bizwire) – Samsung Electronics unveiled its first smart ring, the Galaxy Ring, at a launch event in Paris, generating significant consumer interest, particularly regarding the potential inclusion of non-invasive blood glucose monitoring. Similar expectations surrounded the Galaxy Watch 7. However, neither device includes this highly anticipated feature. Non-invasive monitoring refers to methods [...]

LG Electronics Sees Surge in Appliance Subscriptions, Reshaping Consumer Habits

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 [...]

Samsung Electronics Aims for More Than 10 Pct Growth in Foldable Smartphone Sales

SEOUL/PARIS, Jul. 11 (Korea Bizwire) — The head of Samsung Electronics Co.’s mobile division has said the company aims to boost sales of its new foldable smartphones by more than 10 percent, highlighting the addition of advanced artificial intelligence (AI) capabilities. The world’s largest smartphone maker unveiled its latest generation foldable smartphones, the Galaxy Z [...]

Texas Governor Visits Samsung Electronics’ Chip Facility

SEOUL, Jul. 9 (Korea Bizwire) — Texas Governor Greg Abbott visited Samsung Electronics Co.’s semiconductor facility in South Korea on Tuesday, expressing his appreciation for the company’s investments in the U.S. state. He toured Samsung’s Pyeongtaek Campus, located approximately 60 kilometers south of Seoul, looking around the chip production line and various products, according to [...]

Samsung Electronics Faces First-Ever Strike, Raising Concerns for Chip Production

SEOUL, Jul. 9 (Korea Bizwire) – In an unprecedented move, Samsung Electronics’ largest labor union, the National Samsung Electronics Union (NSEU), launched a three-day general strike on July 8, marking the first time in the company’s history that employees have engaged in a “no work, no pay” strike. With over 6,500 union members participating, concerns are [...]

Private Label Appliances Gain Traction in South Korea, Challenging Major Brands

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 [...]

Samsung Electronics Faces First-Ever Strike Threat from Largest Union

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 [...]

LG Electronics Acquires Dutch Home Automation Company Athom

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 [...]

LG Electronics Unveils Advanced Wireless OLED TVs for 2024

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 [...]

Samsung and LG Unveil Advanced Hotel TVs at HITEC 2024, Intensifying Competition in Hospitality Market

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 [...]