SEOUL, April 6 (Korea Bizwire) — South Korea’s wearable device market grew more than 50 percent last year, industry data showed Tuesday, due to rising demand for IT products amid the pandemic-driven stay-at-home trend. Domestic shipments of wearable products, including smartwatches, wireless earphones and electronic wristbands, totaled 12.76 million units in 2020, up 50.7 percent [...]
SEOUL, April 6 (Korea Bizwire) — LG Innotek Co., a major electronics parts maker in South Korea, said Tuesday it has established an artificial intelligence (AI) powered patent search and analysis system to beef up its research and development (R&D) efforts. With its deep learning technology, the affiliate of LG Electronics Co. said the system [...]
SEOUL, April 5 (Korea Bizwire) — Leaving its ill-fated mobile business behind, LG Electronics Inc., South Korea’s No. 2 tech firm, will zero in on bolstering promising sectors, like vehicle components, connected devices and artificial intelligence (AI), industry observers said Monday, hoping that the segments will fill the hole left by its money-losing unit. LG [...]
SEOUL, April 5 (Korea Bizwire) – LG Electronics Inc.’s withdrawal from the mobile business is likely to help its bigger rivals such as Samsung Electronics Co. expand their presence in the sector at home and abroad, industry observers said Monday, as there are limited alternatives for local consumers. After years of money-losing performance, LG said [...]
SEOUL, April 5 (Korea Bizwire) — LG Electronics Inc. said Monday it will withdraw from the mobile business after years of money-losing performance amid intensifying competition with bigger rivals. The South Korean tech powerhouse said in a regulatory filing that its mobile communications (MC) unit will no longer produce and sell handsets after July 31, [...]
SEOUL, April 2 (Korea Bizwire) — LG Electronics Inc. said Friday it has begun selling its rollable TV in foreign markets as the South Korean tech giant eyes to expand its presence in the high-end TV market. LG started overseas sales of the SIGNATURE OLED R TV through its global website Thursday. The industry’s first [...]
SEOUL, April 1 (Korea Bizwire) – Samsung Electronics Co. has lowered the price of its latest foldable smartphone, the Galaxy Z Fold2, industry insiders said Thursday, in an effort to popularize the foldable smartphone category. The ex-factory price for the Galaxy Z Fold2 5G, which was launched last September, has been set at 1.892 million [...]
SEOUL, April 1 (Korea Bizwire) — LG Electronics Inc. on Thursday launched a new 17-inch laptop boasting high performance as the South Korean tech giant eyes boosting notebook sales amid the pandemic-induced remote working and distance learning trends. The new model in the LG UltraGear 17 series comes with a price tag of 2.24 million [...]
SEOUL, March 31 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it will launch a new electric cooktop with enhanced design in South Korea later this week as the tech giant tries to expand its customizable home appliance lineup. The BESPOKE Induction cooktop will hit shelves on Thursday with a price tag of between 1.59 [...]
SEOUL, March 30 (Korea Bizwire) — South Korea’s two largest TV makers — Samsung Electronics Co. and LG Electronics Inc. — said Tuesday their premium TVs have obtained a certification for advanced Wi-Fi technology that enables them to deliver faster and more stable connectivity. Samsung said two Neo QLED TV models — QN900A and QN800A [...]