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LG’s Robot Subsidiary Back in Black After Long Years of Sluggish Performance

LG’s Robot Subsidiary Back in Black After Long Years of Sluggish Performance

SEOUL, Nov. 23 (Korea Bizwire) — LG Group’s robot business, for which Chairman Koo Kwang-mo made active investment after picking it as one of the group’s future cash cows, is finally showing signs of improvement in its financial performance. Robostar Co., a robot manufacturing subsidiary of LG Electronics Inc., posted a consolidated revenue of 39.68 [...]

Automotive Electronics Emerges as New Hope for Samsung, LG

Automotive Electronics Emerges as New Hope for Samsung, LG

SEOUL, Nov. 4 (Korea Bizwire) — Automotive electronics is emerging as a source of optimism for Samsung Electronics Co. and LG Electronics Inc. amid sluggish semiconductor and TV sales. Samsung’s subsidiary Harman International, a major maker of in-car entertainment systems and car audio equipment, posted sales of 3.63 trillion won and operating profits of 310 [...]

Home Appliance Makers Beef Up Efforts to Improve Customer Access

Home Appliance Makers Beef Up Efforts to Improve Customer Access

SEOUL, Oct. 4 (Korea Bizwire) — South Korea’s home appliance makers are redoubling efforts to improve customer access to their products, aimed at enabling anyone, including physically handicapped people, elderly people and children, to use them more easily and conveniently. In early August, LG Electronics Inc. released a PuriCare Objet Collection water purifier using the [...]

S. Korean Plastic Film Maker Wins US$1 bln Battery Material Supply Deal for LG-GM Joint Venture

S. Korean Plastic Film Maker Wins US$1 bln Battery Material Supply Deal for LG-GM Joint Venture

SEOUL, Sept. 28 (Korea Bizwire) — Youlchon Chemical Co., a South Korean producer of plastic films, said Wednesday it has signed an agreement to supply a key battery component used in electric vehicles to the joint venture company run by LG Energy Solution Ltd. and U.S. General Motors Co. for the next six years. The [...]

LG, Samsung Dominate Consumer Reports’ Big-Screen TV Recommendations

LG, Samsung Dominate Consumer Reports’ Big-Screen TV Recommendations

SEOUL, Sept. 19 (Korea Bizwire) — An influential American consumer magazine listed a number of TVs made by LG Electronics Inc. and Samsung Electronics Co. on the Best Big-Screen TV list. U.S. Consumer Reports recommended 11 TVs with a 70-inch screen or larger, sorting them into categories of ‘top-performing’, ‘mid-priced’ and ‘lower-priced’ based on the [...]

LG Pushes to Advance in Clean Tech

LG Pushes to Advance in Clean Tech

SEOUL, June 29 (Korea Bizwire) — LG Corp., South Korea’s fourth-largest conglomerate, said Wednesday it plans to invest more than 2 trillion won (US$1.5 billion) over the next five years in clean technology, as part of efforts to advance in a new growth sector. The group, which has affiliates in various businesses, ranging from consumer [...]

LG Unveils Brand New OLED Objet Collection Model

LG Unveils Brand New OLED Objet Collection Model

SEOUL, June 2 (Korea Bizwire) — LG Electronics Inc. on Wednesday unveiled a brand-new LG OLED Objet Collection model that was created by adding an innovative design factor even to the rear, thereby breaking away from standardized TV design. The brand-new model has a U-shaped rear side, with the hollow space functioning as a bookshelf [...]