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LG Licenses Ice-making Tech for French-door Refrigerators to Electrolux

LG Licenses Ice-making Tech for French-door Refrigerators to Electrolux

SEOUL, Oct. 26 (Korea Bizwire) — LG Electronics Inc. said Monday it has signed a patent licensing deal with Sweden-based home appliance maker Electrolux AB that covers ice-making technologies for French-door refrigerators. Under the agreement, Electrolux will be able to produce and sell French-door refrigerators using patented technologies developed by LG. The value of the [...]

Cordless Vacuum Cleaners Gain Popularity in Korea

Cordless Vacuum Cleaners Gain Popularity in Korea

SEOUL, June 6 (Korea Bizwire) – According to representatives from the home appliance industry, the market for electric vacuum cleaners is rapidly declining, to the tune of 2 million units annually. But amidst the decline, sales of robot and stick vacuum cleaners are on the rise. Since 2014, cordless vacuums have accounted for half of [...]

Electrolux Selects Nasdaq’s BWise for GRC Efforts

Electrolux Selects Nasdaq’s BWise for GRC Efforts

STOCKHOLM, Sweden and NEW YORK, Jul. 15 (Korea Bizwire) — Nasdaq’s BWise (Nasdaq:NDAQ), a global leader in enterprise Governance, Risk Management and Compliance (eGRC), announced today that it has been selected by Electrolux, a global leader in home and professional appliances with headquarters in Stockholm. Electrolux will begin using the integrated GRC platform by initially [...]