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Head of SK Says Toshiba Deal is ‘Not Finished’

Head of SK Says Toshiba Deal is ‘Not Finished’

SEOUL, June 23 (Korea Bizwire) – SK Group Chairman Chey Tae-won said Friday its semiconductor arm’s move to join the acquisition of Toshiba Corp.’s chip business is “not finished,” hinting there are still challenges moving forward. The remark came as a global consortium including South Korea’s SK hyinx Inc. was tapped as the preferred bidder [...]

LG to Market Premium Home Appliances on Vietnamese TV Show

LG to Market Premium Home Appliances on Vietnamese TV Show

SEOUL, May 15 (Korea Bizwire) – LG Electronics has partnered with Vietnam’s leading state-run broadcaster, HTV7, to market its premium line-up of home appliances through a local entertainment program.  According to the company, the show titled Smart Wives premieres on May 16, to be aired for the next thirteen weeks.  In the show, two local [...]

Premium Home Appliances a Boon for Electronics Makers

Premium Home Appliances a Boon for Electronics Makers

SEOUL, May 10 (Korea Bizwire) – The home appliance divisions at Samsung and LG thrived in the first quarter of this year, despite Q1 traditionally being an off-season for household appliances, a reversal of fortunes largely attributed to the electronics giants’ premium products.  Despite higher price tags for premium electronics, the products help manufacturers boost [...]

S. Korea Launches Alliance to Nurture “Smart Home” Industry

S. Korea Launches Alliance to Nurture “Smart Home” Industry

SEOUL, April 26 (Korea Bizwire) – South Korea launched an alliance of leading information and communication technology and construction firms on Wednesday to nurture the “smart home” industry that connects artificial intelligence (AI) and Internet of Things (IoT) to home appliances.  “We can make the world’s leading smart home industry with the combination of our [...]

LG Beats Samsung in Profitability of Home Appliances in 2016

LG Beats Samsung in Profitability of Home Appliances in 2016

SEOUL, Jan. 31 (Korea Bizwire) – LG Electronics Inc. was more profitable than Samsung Electronics Co. in the home appliance business in 2016 despite a gap in their overall revenue, industry data showed Tuesday.  LG’s home entertainment, home appliance and air solution divisions chalked up an operating profit of 2.57 trillion won (US$2.19 billion) on [...]

Samsung and LG Set the Tone in Home Appliance Color Trend

Samsung and LG Set the Tone in Home Appliance Color Trend

SEOUL, Jan. 30 (Korea Bizwire) – A shift in color trends for home appliances is playing out as the consumer electronics industry rushes to introduce increasingly dark toned products in the market. According to industry watchers, Korean tech giants Samsung and LG are launching new refrigerator and washing machines in black or metallic hues. Samsung [...]

Korea’s Top Five Robot Vacuums Compared

Korea’s Top Five Robot Vacuums Compared

SEOUL, Nov. 14 (Korea Bizwire) – A recent study by the Korea Consumer Agency revealed the pros and cons of Korea’s five most popular robot vacuums: the NR15 (Narin R&D), VR20J9010UR (Samsung Electronics), YCR-M07-10 (Yujin Robot), FC8710 (Philips Korea), and R75BIM (LG Electronics).  The evaluation categories included cleaning performance, autonomous mobility, noise, safety, and other [...]

Kitchen Appliances Gaining Popularity in Korea

Kitchen Appliances Gaining Popularity in Korea

SEOUL, July 19 (Korea Bizwire) — Many companies within the home appliances industry are expanding their product lines to include more kitchen appliances, as family activities and lifestyle patterns have evolved to take place more in the kitchen rather than in the living room. According to an industry official, the kitchen has transformed to become [...]