SEOUL, Aug. 19 (Korea Bizwire) — LG Electronics Inc. said Tuesday it plans to unveil 25 new home appliances during an upcoming German electronics exhibition targeting the European market. The new set of products meeting lifestyles of European customers will be showcased at the IFA 2025, which will kick off for a five-day run in [...]
SEOUL, July 14 (Korea Bizwire) — LG Electronics is making a strategic push into Europe’s mid- to low-end appliance market by collaborating with Chinese manufacturers from the product design stage — a first for the South Korean tech giant. According to industry sources on July 14, LG plans to launch a new front-load washing machine [...]
SEOUL, May 5 (Korea Bizwire) — Online shopping has become the dominant channel for purchasing home appliances in South Korea, outpacing all other major product categories in digital penetration, according to newly released government data. Figures from Statistics Korea’s national portal show that online transactions accounted for 53.7% of total retail sales in the home appliance [...]
SEOUL, Apr. 4 (Korea Bizwire) – In the competitive arena of consumer electronics, South Korean tech behemoths Samsung Electronics and LG Electronics are now embroiled in a high-stakes duel over the future of artificial intelligence (AI) in home appliances. This confrontation extends their historical rivalry beyond the realms of integrated washer-dryers and OLED televisions to the [...]
SEOUL, Feb. 20 (Korea Bizwire) – Samsung and LG are poised to introduce their all-in-one washer-dryer units to the South Korean market, sparking interest among consumers looking for innovative solutions in the home appliance sector. This new product category, which eliminates the need to transfer laundry from a washing machine to a dryer, is expected to [...]
SEOUL, Nov. 11 (Korea Bizwire) — The home appliances industry showed poor performance in the third quarter this year due to a drop in demand. The rental market, which had been seeing exponential growth, has also taken a hit. Coway Co. reported 968 billion won in sales (US$733 million) and 165 billion won in operating [...]
SEOUL, Sept. 1 (Korea Bizwire) — Samsung Electronics Co.’s SmartThings, a software platform that connects and controls devices, will enable the control of home appliances from major global brands worldwide simply through a single app. Samsung Electronics announced on Wednesday that it will demonstrate the Home Connectivity Alliance (HCA) at IFA 2022 scheduled that kicks [...]
SEOUL, May 17 (Korea Bizwire) — LG Electronics Inc. announced that it will add a pet care cycle to its washers and dryers for customers with pets of their own. The upgrade will be applied to TROMM washer, dryer, mini washer and wash tower in the tech giant’s UP appliances, which can have new functions [...]
SEOUL, March 24 (Korea Bizwire) — Samsung Electronics Co. announced Wednesday the Bespoke Creator AI, a service that helps consumers customize colors for the tech giant’s Bespoke home appliances. Customers can use the service to simulate various mixes of colors that would fit perfectly in their homes. The service provides three kinds of recommendations. The [...]
SEOUL, Feb. 17 (Korea Bizwire) — Samsung Electronics Co. on Thursday released new Bespoke home appliances and the premium lineup of Infinite as part of efforts to expand its competitiveness in the high-end home appliances market. The tech giant said its new home devices, 24 in total, come with enhanced artificial intelligence features that boost [...]