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Samsung Elec’s Induction Cooktop Gets Perfect Score from U.S. Consumer Report

Samsung Elec’s Induction Cooktop Gets Perfect Score from U.S. Consumer Report

SEOUL, Nov. 24 (Korea Bizwire) — Samsung Electronics’ induction electric cooktops received perfect scores from the U.S. Consumer Report, company officials said Friday. A review of cooking appliances being sold in the United States placed Samsung’s 30-inch cooktop at No. 1, ahead of rival models from General Electric and Kenmore, which both received 99 points. [...]

U.S. Trade Panel Calls for Import Restrictions on S. Korean Washers

U.S. Trade Panel Calls for Import Restrictions on S. Korean Washers

WASHINGTON, Nov. 21 (Korea Bizwire) — A United States trade panel on Tuesday called for import restrictions on South Korean washing machines to improve the standing of domestic rivals. The U.S. International Trade Commission said it is recommending a 50 percent tariff rate on large residential washers built by Samsung and LG, and exceeding a [...]

A Tale of Two Executives for Samsung, LG’s North American Operations

A Tale of Two Executives for Samsung, LG’s North American Operations

SEOUL, Nov. 9 (Korea Bizwire) – Changes in leadership for the U.S. branches of Samsung and LG are causing a minor stir in industry circles as speculation that the former’s success may have been a factor in the latter’s decision.  On November 9, it was reported that LG Senior VP of Home Appliance Sales John [...]

LG Preparing for All Possibilities, Tougher U.S. Market Barriers

LG Preparing for All Possibilities, Tougher U.S. Market Barriers

SEOUL, Nov. 7 (Korea Bizwire) — LG Electronics Inc. said Tuesday it is preparing for all possibilities amid concerns that the United States may come up with tougher protectionism policies against foreign home appliances. Washington’s International Trade Commission concluded last month that washing machines produced overseas by South Korean firms, including LG Electronics, are hurting [...]

Samsung Teams Up with Lucasfilm for Star Wars-themed Vacuum Cleaners

Samsung Teams Up with Lucasfilm for Star Wars-themed Vacuum Cleaners

SEOUL, Oct. 30 (Korea Bizwire) — Samsung Electronics Co. said Sunday it will release vacuum cleaners inspired by characters from “Star Wars” in cooperation with movie producer Lucasfilm Ltd. The South Korean tech giant said the new robot and wireless vacuum cleaners are modeled on characters from the movie series created by George Lucas. The [...]

Preferred Bidder for Dongbu Daewoo Electronics to be Tapped Soon

Preferred Bidder for Dongbu Daewoo Electronics to be Tapped Soon

SEOUL, Oct. 25 (Korea Bizwire) — The preferred bidder for cash-strapped Dongbu Daewoo Electronics is set to be selected in the near future, industry sources said Wednesday, with candidates including both local and overseas firms. According to the sources, NH Investment & Securities Co., which oversees the deal, is currently conducting due diligence with candidates. [...]

Samsung Electronics Says OLED Displays Not Suitable for TVs

Samsung Electronics Says OLED Displays Not Suitable for TVs

SEOUL, Oct. 24 (Korea Bizwire) — Samsung Electronics Co. said Tuesday the organic light-emitting diode (OLED) technology is not suitable for use on television sets, apparently targeting its main rival LG Electronics Inc. while promoting its own QLED screens. The statement follows a YouTube video posted by the South Korean giant earlier, which also criticized [...]

LG Warns of Delay in Factory Construction in U.S. amid Washer Dispute

LG Warns of Delay in Factory Construction in U.S. amid Washer Dispute

SEOUL, Oct. 20 (Korea Bizwire) — LG Electronics Inc. said Friday Washington’s steps to impose trade barriers against South Korean washers could give adverse impact on U.S. consumers, saying such changes may also result in the delay of its on-going factory construction in Tennessee. The statement came as the U.S. International Trade Commission determined earlier [...]

S. Korean Washers Top U.S. Product Evaluation Reports amid Moves Toward Protectionism

S. Korean Washers Top U.S. Product Evaluation Reports amid Moves Toward Protectionism

SEOUL, Oct. 19 (Korea Bizwire) — South Korean washers topped product reviews by major U.S. consumer evaluators, industry watchers said Thursday, as Washington’s trade commission moves to take protectionist steps. Earlier this month, the U.S. International Trade Commission (ITC) determined that products made by Samsung Electronics Co. and LG Electronics Inc. are exerting an adverse [...]