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Samsung Re-enters OLED TV Market After 10-year Hiatus

Samsung Re-enters OLED TV Market After 10-year Hiatus

SEOUL, March 12 (Korea Bizwire) — Samsung Electronics, the world’s largest TV maker, has made a surprising comeback in the OLED TV market after withdrawing 10 years ago due to yield problems. The company recently introduced a new product that will compete directly with its biggest rival, LG Electronics, which has been leading the OLED market. [...]

LG Unveils Small Modular Housing Concept

LG Unveils Small Modular Housing Concept

SEOUL, March 3 (Korea Bizwire) — LG Electronics Inc. on Thursday unveiled a new concept of residential space offering a distinguished customer experience by converging space with home electronics and services. The conpect, tentatively named LG Smart Cottage, is a small modular house equipped with LG’s advanced energy and air conditioning technology and filled with [...]

Samsung Releases Washer and Dryer with Microplastics Reduction Function

Samsung Releases Washer and Dryer with Microplastics Reduction Function

SEOUL, March 1 (Korea Bizwire) — Samsung Electronics Co. has announced the release of the Bespoke Grande AI washing machine and dryer that feature improved eco-friendly and artificial intelligence (AI) functions. For the washer, Samsung introduced a microplastics reduction cycle that was developed in collaboration with U.S. outdoor brand Patagonia. The cycle can reduce the creation [...]

LG Electronics Showcases NFT Artworks via OLED evo TVs

LG Electronics Showcases NFT Artworks via OLED evo TVs

SEOUL, Feb. 19 (Korea Bizwire) — South Korean tech giant LG Electronics Inc. said Sunday it has showcased non-fungible token (NFT) artworks on its next-generation organic light-emitting diode (OLED) TVs at an art exhibition in the United States. The firm has partnered with American sculptor Barry X Ball to exhibit his artworks, including a 39-second-long [...]

Samsung Unveils Discount Policy to Encourage Return of Old Home Appliances

Samsung Unveils Discount Policy to Encourage Return of Old Home Appliances

SEOUL, Feb. 15 (Korea Bizwire) — Samsung Electronics Co.’s Brazil office on Monday (local time) unveiled an online store-dedicated discount policy to promote the recycling of old home appliances. The new program, dubbed EcoTroca, provides a discount coupon to consumers who return old home electronics as a way to encourage their disposal in a proper and sustainable [...]

Samsung to Pay $150 mln to Nanoco in QLED Patent Suit Settlement

Samsung to Pay $150 mln to Nanoco in QLED Patent Suit Settlement

SEOUL, Feb. 6 (Korea Bizwire) — Samsung Electronics Co. has agreed to pay US$150 million to Nanoco Technologies in settlement for a patent lawsuit over a technology used in Samsung’s quantum-dot LED TV, a litigation finance firm for the British company has said. GLS Capital announced Friday the two parties reached the settlement shortly before [...]

LG Laundry Factory in Tennessee Selected as WEF Lighthouse Factory

LG Laundry Factory in Tennessee Selected as WEF Lighthouse Factory

SEOUL, Jan. 16 (Korea Bizwire) — LG Electronics Inc. said Sunday that the company’s plant in the U.S. state of Tennessee has been selected as a lighthouse factory by the World Economic Forum (WEF), the first of its kind among South Korean plants built overseas. According to the WEF, a lighthouse factory refers to a [...]