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LG Electronics Delivers Estimate-beating Q2 Earnings amid Pandemic

LG Electronics Delivers Estimate-beating Q2 Earnings amid Pandemic

SEOUL, July 7 (Korea Bizwire) – LG Electronics Inc. on Tuesday delivered market estimate-beating second-quarter earnings as its home appliance business apparently performed better than expected amid the novel coronavirus pandemic. In its earnings guidance, South Korea’s No. 2 electronics firm estimated its operating profit to be 493.1 billion won (US$412 million) for the April-June [...]

Air Circulators More Popular than Electric Fans This Summer

Air Circulators More Popular than Electric Fans This Summer

SEOUL, July 2 (Korea Bizwire) — This year’s air conditioning market is seeing new trends emerge as air circulators are outstripping electric fans in sales, and movable or window air conditioners are gaining popularity. E-Mart Inc., South Korea’s largest discount store chain by sales, announced Wednesday that total air conditioner sales from June 1 to [...]

Who’s Buying 8K TVs? Market Share Languishes Near Zero Percent 4 yrs After Launch

Who’s Buying 8K TVs? Market Share Languishes Near Zero Percent 4 yrs After Launch

SEOUL, June 25 (Korea Bizwire) — Ultra-high definition televisions with about 8,000 horizontal pixels known as 8K TVs are being pitched as next-generation premium TVs. Despite this pitch, however, consumers have seen little need to move up from the currently ubiquitous 4K displays. According to a report released on Wednesday by the IT market research [...]

Window-style AC Market Grows at Blistering Pace as Single-person Households Expand

Window-style AC Market Grows at Blistering Pace as Single-person Households Expand

SEOUL, June 16 (Korea Bizwire) — After enjoying rapid growth last year, demand for window-style air conditioners continues to soar. The size of the market, which had been led by Paseco Co., expanded further after major air-conditioning brands such as Carrier and Shinil Electronics Co. jumped into the market. Brand-new products released this year complemented [...]

Samsung, LG Withdraw Mutual Complaints over QLED TV Ad

Samsung, LG Withdraw Mutual Complaints over QLED TV Ad

SEOUL, June 5 (Korea Bizwire) — South Korea’s two largest electronics firms, Samsung Electronics Co. and LG Electronics Inc., have agreed to drop complaints against each other over a TV advertisement, the country’s corporate watchdog confirmed Friday. The Fair Trade Commission said it decided not to further process the complaint cases after the two companies [...]