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LG Eyes Fast-Growing Built-in Home Appliance Market

LG Eyes Fast-Growing Built-in Home Appliance Market

BERLIN, Sept. 8 (Korea Bizwire) — LG Electronics Inc. is ramping up investment to expand businesses in the built-in home appliance market to capitalize on the fast growing segment, its president said on Sunday. Song Dae-hyun, the head of LG’s home appliance and air solution division, said the company aims to become a “top-tier” player [...]

Samsung Looks to Expand Clout in Europe’s Built-in Home Appliance Market

Samsung Looks to Expand Clout in Europe’s Built-in Home Appliance Market

BERLIN, Sept. 6 (Korea Bizwire) — Samsung Electronics Co. will bolster efforts to expand its presence in Europe’s built-in home appliance market with the launch of its customizable refrigerator lineup BESPOKE, its chief executive said. Since its debut in South Korea in June, BESPOKE made a splash in the domestic market with various options for [...]

LG Electronics’ Appliance Rental Sales Rise Steadily

LG Electronics’ Appliance Rental Sales Rise Steadily

SEOUL, Apr. 3 (Korea Bizwire) — LG Electronics Inc.’s revenue from its home appliance rental service jumped over the last two years, its business report showed Wednesday, as more people opt for renting gadgets to save money on purchases, installations and maintenance. The electronics maker posted 292.4 billion won (US$257.2 million) in sales from its [...]

Samsung, LG Showcase Smart Appliances at U.S. Trade Show

Samsung, LG Showcase Smart Appliances at U.S. Trade Show

SEOUL, Feb. 19 (Korea Bizwire) — South Korean electronics makers said Tuesday they will present advanced home appliances at a U.S. kitchen and bath trade show to target the premium home appliances market. Samsung Electronics Co. said it will join hands with Dacor, a luxury American home appliance brand, to showcase a suite of built-in [...]

Samsung and LG Set the Tone in Home Appliance Color Trend

Samsung and LG Set the Tone in Home Appliance Color Trend

SEOUL, Jan. 30 (Korea Bizwire) – A shift in color trends for home appliances is playing out as the consumer electronics industry rushes to introduce increasingly dark toned products in the market. According to industry watchers, Korean tech giants Samsung and LG are launching new refrigerator and washing machines in black or metallic hues. Samsung [...]

Mini Home Appliances Popular among Single-Member Households

Mini Home Appliances Popular among Single-Member Households

SEOUL, Nov. 23 (Korea Bizwire) – Small-size home appliances are growing in popularity in South Korea amid the increasing number of single-member households, a local manufacturer said Wednesday.  Dongbu Daewoo Electronics Co. said it has so far sold more than 2 million refrigerators, washers and other products targeting consumers living alone.  The number of single-person [...]

Losing Faith in Korean Products, Consumers Flock to European Alternatives

Losing Faith in Korean Products, Consumers Flock to European Alternatives

SEOUL, Oct. 17 (Korea Bizwire) – With several high profile controversies over toxic chemical content and high electromagnetic wave emissions in Korean products, domestic consumers are flocking to European options instead, in search of safer goods.  Italian home appliance brand Imetec saw sales rise by 629 percent in September compared to September 2015, mainly driven [...]

Korean Household Appliances Make Inroads in Southeast Asia

Korean Household Appliances Make Inroads in Southeast Asia

SEOUL, Sept. 19 (Korea Bizwire) – Korean medium-sized household appliance manufacturers, whose operations once relied heavily on China, are now making progress in Southeast Asian countries.  Coway, best known for its water purifiers, recently announced its “Vision 2017” plan in Malaysia, which includes its ambitious goal to accrue 600,000 customer accounts by 2017. With its [...]

Samsung Electronics Widens Share Lead in U.S. Home-Appliance Market

Samsung Electronics Widens Share Lead in U.S. Home-Appliance Market

SEOUL, July 27 (Korea Bizwire) – Samsung Electronics Co. raised its share of the U.S. home-appliance market for the second quarter of this year, widening its lead over competitors, according to a market estimate on Wednesday.  Samsung accounted for 16.7 percent of the U.S. market for five major household appliances — refrigerators, washing machines, ovens, [...]