SEOUL, Oct. 30 (Korea Bizwire) — Samsung Electronics Co. remained as the leading player in the U.S. home appliances market in the July-September period, ranking No. 1 for the sixth consecutive quarter. Citing the data compiled by industry tracker Traqline, Samsung Electronics said it accounted for 19.3 percent of the U.S. market in the third [...]
BEIJING, May 22 (Korea Bizwire) – Chinese-made electronic goods and cars are completely dominating the North Korean market amid the United Nations’ years-long tough economic sanctions against its unwavering nuclear and missile development, the office of the Korea Trade-Investment Promotion Agency (KOTRA) here said Sunday. The North imported US$75.04 million worth of LCD TVs from [...]
SEOUL, May 15 (Korea Bizwire) – LG Electronics has partnered with Vietnam’s leading state-run broadcaster, HTV7, to market its premium line-up of home appliances through a local entertainment program. According to the company, the show titled Smart Wives premieres on May 16, to be aired for the next thirteen weeks. In the show, two local [...]
SEOUL, May 10 (Korea Bizwire) – The home appliance divisions at Samsung and LG thrived in the first quarter of this year, despite Q1 traditionally being an off-season for household appliances, a reversal of fortunes largely attributed to the electronics giants’ premium products. Despite higher price tags for premium electronics, the products help manufacturers boost [...]
SEOUL, Feb. 6 (Korea Bizwire) – The home appliance industry has recently upped growth expectations for the laundry dryer market from doubling this year (compared to 2016) to tripling, if not quadrupling, to 300,000 to 400,000 units to be sold. Despite the ubiquity of electric or gas dryers overseas, most Korean households still make use [...]
SEOUL, Jan. 31 (Korea Bizwire) – LG Electronics Inc. was more profitable than Samsung Electronics Co. in the home appliance business in 2016 despite a gap in their overall revenue, industry data showed Tuesday. LG’s home entertainment, home appliance and air solution divisions chalked up an operating profit of 2.57 trillion won (US$2.19 billion) on [...]
SEOUL, April 5 (Korea Bizwire) – Engaged couples are shopping online to purchase furnishings for their new homes, avoiding endless shopping and almost inevitable arguments while they purchase the items the need to start a life together. Not so long ago, couples preparing for marriage had to walk around from store to store to purchase [...]
SEOUL, Feb.1 (Korea Bizwire) - LG Electronics Inc. was more profitable than Samsung Electronics Co. in the home appliance business in 2015 despite a huge gap in their overall revenue, industry data showed Sunday. According to the data, LG’s home entertainment and home appliance & air solution divisions chalked up an operating profit of 1.04 trillion [...]
SEOUL, May 7 (Korea Bizwire) – LG Electronics (LG) announced the launch of its premium smart appliances with revolutionary HomeChat™ messaging service in South Korea. HomeChat™ employs Natural Language Processing (NLP) and LINE, the popular mobile messenger app with over 300 million users, to let homeowners communicate, control, monitor and share content with LG’s latest smart [...]
SEOUL, July (Korea Bizwire) The “Bubble Shot 3 W9000,” the new drum washing machine launched this year by Samsung Electronics, is attracting attention by adopting a new technology of using no water when drying. Its “Air Speed Dry” feature allows air to come in and dry wet laundry quickly. Thanks to this new innovation, the [...]