SEOUL, March 24 (Korea Bizwire) — LG Electronics Inc. said Monday its new advanced organic light-emitting diode (OLED) evo TVs have claimed all top 10 spots in consumer rankings released by U.S. Consumer Report. Consumer Report has recently adjusted its evaluation standards for TV products in terms of creditability, satisfaction, screen resolution and sound quality. [...]
SEOUL, March 23 (Korea Bizwire) — LG Electronics is strengthening its outreach to future customers and talent by partnering with top U.S. universities, the company announced Sunday. LG Electronics’ North America office hosted its annual “LG College Day” on March 21 at its regional headquarters, welcoming around 50 Princeton University students studying Korean language. Now in [...]
SEOUL, March 18 (Korea Bizwire) — LG AI Research, the artificial intelligence (AI) lab under South Korea’s LG Group, said Tuesday it has unveiled its new inference AI model, EXAONE Deep, as part of its push for agentic AI. EXAONE Deep was unveiled at the GTC 2025 hosted by AI chip giant Nvidia Corp. from [...]
SEOUL, March 17 (Korea Bizwire) — As global consumer electronics sales continue to slump, South Korea’s tech giants are finding new growth in an unexpected direction: business-to-business solutions, particularly in heating, ventilation, and air conditioning (HVAC) systems. Samsung Electronics has seen its consumer electronics and visual display division revenue stagnate, with annual sales of 60.64 trillion won [...]
SEOUL, March 10 (Korea Bizwire) — Washing machine and dryer sets of LG Electronics Inc. and Samsung Electronics Co. have received top ratings in a recent U.S. consumer performance study. LG Electronics’ washer and dryer set was ranked No. 1 in both the front-load and high-efficiency (HE) top-load categories in the Best Matching Washer and [...]
SEOUL, March 10 (Korea Bizwire) — South Korean tech powerhouses Samsung Electronics and LG Electronics are intensifying efforts to secure early positions in the humanoid robot market through strategic investments, workforce realignment, and research and development initiatives. Samsung recently deployed approximately 40 personnel from Samsung Research and related departments to its newly established Future Robot Task [...]
SEOUL, March 3 (Korea Bizwire) — South Korean electronics giants Samsung and LG are reporting sustained growth in India, as both companies intensify their focus on the country’s vast domestic market potential and skilled workforce. According to Samsung Electronics’ latest audit report, its Indian subsidiary recorded sales of 17.05 trillion won and net profit of 1.41 [...]
SEOUL, Feb. 28 (Korea Bizwire) — Samsung Electronics and LG Electronics have demonstrated their design prowess at the iF Design Award 2025, one of the world’s top three design competitions, with Samsung securing 75 awards and LG earning 29 distinctions across multiple categories. Samsung’s OLED TV (model S95C) and the Galaxy Z Flip5 Maison Margiela Edition [...]
SEOUL, Feb. 25 (Korea Bizwire) — The operations of LG Chem and Lotte Chemical plants at an industrial complex in the central city of Seosan were halted Tuesday due to a power outage, company officials said. The incident occurred around 9:30 a.m. at the two plants located in the Daesan Petrochemical Complex, about 100 kilometers [...]
SEOUL, Feb. 18 (Korea Bizwire) — Samsung Electronics has retained its position as the world’s top TV manufacturer for the 19th consecutive year, while LG Electronics continues to lead the global OLED TV market for the 12th straight year. Samsung Leads Global TV Market with 28.3% Share According to global market research firm Omdia, Samsung captured [...]