SEOUL, Aug. 5 (Korea Bizwire) – The robot vacuum cleaner market in South Korea is witnessing intensified competition as Samsung Electronics and LG Electronics aggressively enter a field long dominated by China’s Roborock. The battleground is centered around all-in-one robot vacuum cleaners that combine dust suction, mopping, and self-cleaning functions. According to industry sources, Roborock, the [...]
SEOUL, Jul. 24 (Korea Bizwire) – LG Electronics announced on July 23 that it has received over 16,000 ideas from customers in South Korea and the United States for its innovative “UP Appliances” program, highlighting a growing trend in consumer-driven product development. Launched in 2022, LG’s UP Appliances are designed to evolve with customers’ needs, allowing [...]
SEOUL, Jul. 12 (Korea Bizwire) – LG Electronics announced on July 11 that its subscription-based business model for premium home appliances is experiencing rapid growth, with more than 3 out of 10 customers opting for subscriptions over traditional purchases in June. The tech giant reported that 36.2% of sales for 20 subscription-eligible products at LG Best [...]
SEOUL, Jul. 10 (Korea Bizwire) – Samsung C&T Corporation, a major player in South Korea’s construction industry, is set to revolutionize home automation by introducing a service that controls various Internet of Things (IoT) devices from different brands through its proprietary home platform application, Homeniq. The construction division of Samsung C&T announced on July 9 that [...]
SEOUL, Jul. 8 (Korea Bizwire) – In a surprising turn of events, private label (PB) home appliances are making significant inroads into the South Korean market, traditionally dominated by major corporate brands. This trend, driven by cost-conscious consumers amid high inflation, is reshaping the landscape of the home appliance industry. A prime example of this shift [...]
SEOUL, Jul. 3 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has signed a deal to acquire the Netherlands-based home automation company Athom B.V. in a bid to create an open smart home ecosystem and enhance connectivity to home appliances and IoT devices. According to the company, LG Electronics will initially acquire an 80 [...]
SEOUL, May 27 (Korea Bizwire) – LG Electronics orchestrated a large-scale picnic on the Champs-Élysées in Paris on May 26 to celebrate the local launch of its MoodUP InstaView refrigerator. Coinciding with the city’s monthly car-free day that closes the iconic avenue to traffic, LG took the opportunity to organize its own promotional festivities. The company [...]
SEOUL, May 27 (Korea Bizwire) – Dyson launched its WashG1 floor cleaning appliance in South Korea on May 27, introducing a suction-free device capable of wet cleaning and removing debris using water. At a launch event held at the Boffi showroom in Seoul’s Gangnam District, Dyson’s wireless vacuum cleaner engineering lead, Asaph Ooi, provided a live [...]
SEOUL, May 27 (Korea Bizwire) — Starbucks Korea plans to equip all its stores nationwide with travel mug washers manufactured by LG Electronics by 2027 in a bid to reduce the use of disposable cups, officials said Monday. The plan was announced after the environment ministry forged a business agreement with Starbucks, LG Electronics and [...]
SEOUL, May 15 (Korea Bizwire) – Samsung Electronics Co. said Wednesday it will lead the South Korean home appliances market with an advanced artificial intelligence (AI) solution designed to connect all smart devices, simplifying domestic chores and reducing the time and effort required. “We have earned customer trust that Samsung Electronics is leading AI innovation [...]