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 [...]
SEOUL, June 17 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it has appointed RM, leader of K-pop sensation BTS, as the official ambassador for its Samsung Art TV. As part of the collaboration, Samsung Electronics will release “RM’s Art Commentary” on the Samsung Art Store, where RM shares his personal perspectives on a selection [...]
SEOUL, June 16 (Korea Bizwire) — LG Display Co., a global leader in display panel manufacturing, has filed a patent infringement lawsuit in the United States against Chinese firm Tianma Microelectronics Co. to protect its intellectual property, according to industry sources Monday. According to the sources, the South Korean company filed the suit Friday (U.S. [...]
SEOUL, June 13 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. are scrambling to assess the impact of Washington’s decision to add home appliances to a list of derivatives subject to a 50 percent steel tariff, according to industry sources Friday. The U.S. commerce department has published a notice on the Federal Register, [...]
SEOUL, June 13 (Korea Bizwire) — A Seoul court has ruled in favor of Samsung Electronics in a high-profile lawsuit filed by over 1,800 Galaxy smartphone users, who claimed the company misled them by pre-installing software that throttled device performance without adequate disclosure. In a ruling delivered Wednesday, the Seoul Central District Court dismissed the [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s alternative trading system (ATS), NextTrade (NXT), is rapidly gaining traction as a go-to platform for off-hours stock trading, with pre-market and after-hours volumes soaring fivefold over the past two months. Despite the momentum, the company says it will prioritize stability over aggressive expansion. According to figures released by [...]