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Demand for Larger TVs Growing in S. Korea

Demand for Larger TVs Growing in S. Korea

SEOUL, Apr. 19 (Korea Bizwire) — The demand for larger television sets has been growing over the past few years in South Korea, industry data showed Thursday, alongside lower average prices. Industry data showed the average size of Samsung Electronics Co.’s TVs sold in the country came to 54 inches last year, up sharply from [...]

LG Joins with Italian Furniture Firm for IoT Experience

LG Joins with Italian Furniture Firm for IoT Experience

SEOUL, Apr. 13 (Korea Bizwire) — LG Electronics Inc. said Friday it has joined forces with Italy-based furniture firm Natuzzi Group to jointly develop a smart home package boasting Internet-of-Things (IoT) technology. Under the arrangement, LG and Natuzzi will showcase smart home solutions at the Milano Design Week slated for later this month, including jointly [...]

S. Korean Market for Air Purifiers Rising amid Fine Dust Woes

S. Korean Market for Air Purifiers Rising amid Fine Dust Woes

SEOUL, Apr. 9 (Korea Bizwire) — The market for air purifiers in South Korea is set to continue expanding going forward, industry watchers said Sunday, as more consumers are becoming concerned about fine dust levels in the air. Sales of air purifiers in the country are expected to reach around 2 million to 2.5 million [...]

Tech Giants Cut Costs of Premium TVs amid Escalating Competition

Tech Giants Cut Costs of Premium TVs amid Escalating Competition

SEOUL, Mar. 29 (Korea Bizwire) — Global tech manufactures have been cutting costs of premium televisions recently amid the escalating competition in the global market, industry watchers said Thursday. Samsung Electronics Co., which has been promoting QLED TVs, reduced the price of its 55-inch QLED TV, the QN55Q7FN, to US$1,900, down 24 percent from $2,500. [...]

LG Electronics Set to Enjoy Robust Earnings for Q1

LG Electronics Set to Enjoy Robust Earnings for Q1

SEOUL, Mar. 26 (Korea Bizwire) — LG Electronics Inc., which enjoyed record earnings last year on the back of premium TVs and home appliance sales, is expected to post a robust performance in the first quarter of 2018. According to data compiled by market tracker FnGuide from local brokerage houses, the market’s first-quarter consensus for [...]

Samsung, LG Vying for Bigger Share of Premium TV Market

Samsung, LG Vying for Bigger Share of Premium TV Market

SEOUL, Mar. 8 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc., the world’s top-two TV makers, are staging a pitched battle to clinch a bigger slice of the global high-end TV market, which has been fast growing in recent years, industry sources Thursday. In an extravagant showcase event in New York, global tech [...]

Majority of South Koreans Fear Privacy Invasion from Virtual Assistants

Majority of South Koreans Fear Privacy Invasion from Virtual Assistants

SEOUL, Feb. 13 (Korea Bizwire) – A new survey has revealed 7 in 10 South Korean adults fear privacy invasion from virtual assistants. Findings from the survey conducted by pollster Embrain last month showed that nearly 66 percent of South Koreans who have used digital devices in the past are afraid of virtual assistants committing [...]

Samsung, LG Add New Logistics Facilities in U.S. over Safeguard Measures

Samsung, LG Add New Logistics Facilities in U.S. over Safeguard Measures

SEOUL, Jan. 30 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. said Tuesday they have set up new logistics facilities in the United States in an apparent move to better cope with U.S. safeguard measures. Samsung Electronics America has signed a deal with a real-estate firm to lease a 421,000-square-foot facility in Edgefield [...]

Sluggish iPhone X Sales Rumors Hurting Earnings Forecast for Parts Suppliers

Sluggish iPhone X Sales Rumors Hurting Earnings Forecast for Parts Suppliers

SEOUL, Jan. 29 (Korea Bizwire) — Sluggish iPhone X sales rumors are adversely affecting earnings forecasts for South Korean electronic parts suppliers, market watchers said Sunday. Local stock market and industry watchers said earnings estimates for chipmakers SK hynix Inc. and Samsung Display, as well as LG Display and LG Innotek, have been downgraded for [...]