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 [...]
SEOUL, Jun. 11 (Korea Bizwire) – A former team leader at LG Display has received a final prison sentence for attempting to leak the company’s core technologies, including AMOLED display technology, to a Chinese competitor. The Supreme Court’s Second Division upheld the original ruling of one year and six months in prison and a fine of [...]
SEOUL, Jun. 10 (Korea Bizwire) – In an effort to foster a culture of giving in daily life, LG Electronics announced on June 9 that it will operate Donation Kiosks to enable employees to easily engage in charitable activities. The Donation Kiosks have been installed at the LG Twin Towers, as well as the company’s facilities [...]
Clarksville, Tennessee, Jun. 5 (Korea Bizwire) – LG Electronics is considering producing home appliances beyond just washers and dryers in the United States, bracing for a potential deterioration in the trade environment following the results of the U.S. presidential election in November. The South Korean company began manufacturing washers in the U.S. during Donald Trump’s first [...]
SEOUL, Jun. 3 (Korea Bizwire) – LG Electronics is introducing a new refrigerator brand called STEM that directly connects to a water line to produce purified water and ice. The company plans to expand the STEM lineup to more than half of its premium French-door refrigerator models and position it as a driving force for its [...]
SEOUL, May 29 (Korea Bizwire) – LG Electronics is embarking on a worldwide “Life’s Good” brand campaign aimed at disseminating an optimistic outlook to future generations through partnerships with renowned social media influencers. Beginning May 29, the company will harness social media algorithms to proliferate uplifting content online in an initiative called “Filling Social Media With [...]