LG Archives | Be Korea-savvy
Demand for Larger TVs Growing in S. Korea

Demand for Larger TVs Growing in S. Korea

SEOUL, Apr. 19 (Korea Bizwire) — The demand for larger television sets has been growing over the past few years in South Korea, industry data showed Thursday, alongside lower average prices. Industry data showed the average size of Samsung Electronics Co.’s TVs sold in the country came to 54 inches last year, up sharply from [...]

Trade War Threatens Some Samsung, LG Chinese Operations

Trade War Threatens Some Samsung, LG Chinese Operations

SEOUL, April 16 (Korea Bizwire) — Samsung and LG are reportedly considering ending the production of 40-inch screens in China amid a mushrooming Sino-American trade war. According to sources close to the industry, the two South Korean electronics companies are toying with the idea of moving production lines of 40-inch LCD screens after the U.S. government [...]

BTS Becomes New Models for LG Electronics’ Smartphones

BTS Becomes New Models for LG Electronics’ Smartphones

SEOUL, Apr. 3 (Korea Bizwire) — LG Electronics Inc. said Tuesday it clinched a contract with South Korea’s popular K-pop band BTS to promote its smartphones in the global market. Under the agreement, BTS will promote LG Electronics’ smartphones, including a new flagship model expected to be unveiled in June, through advertisements and various other [...]

Tech Giants Cut Costs of Premium TVs amid Escalating Competition

Tech Giants Cut Costs of Premium TVs amid Escalating Competition

SEOUL, Mar. 29 (Korea Bizwire) — Global tech manufactures have been cutting costs of premium televisions recently amid the escalating competition in the global market, industry watchers said Thursday. Samsung Electronics Co., which has been promoting QLED TVs, reduced the price of its 55-inch QLED TV, the QN55Q7FN, to US$1,900, down 24 percent from $2,500. [...]

Smartphone Makers Offer Discriminative Warranty Services in S. Korea

Smartphone Makers Offer Discriminative Warranty Services in S. Korea

SEOUL, Mar. 20 (Korea Bizwire) – The quality of smartphone manufacturers’ warranty services provided in South Korea fall behind those of other countries despite the average sales prices being higher here, industry watchers said Tuesday. Samsung Electronics Co. is currently preparing the launch of the so-called Samsung Mobile Care service in South Korea, where users can [...]

S. Korea Has Second-highest Average Smartphone Selling Price: Data

S. Korea Has Second-highest Average Smartphone Selling Price: Data

SEOUL, Mar. 14 (Korea Bizwire) — South Korea has the world’s second-highest average smartphone selling price, data showed Wednesday, apparently due to the strong popularity of high-end flagships. According to the data compiled by Strategy Analytics, the wholesale average selling price of smartphones in South Korea came to US$466 last year, standing only below Japan [...]

Samsung, LG Vying for Bigger Share of Premium TV Market

Samsung, LG Vying for Bigger Share of Premium TV Market

SEOUL, Mar. 8 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc., the world’s top-two TV makers, are staging a pitched battle to clinch a bigger slice of the global high-end TV market, which has been fast growing in recent years, industry sources Thursday. In an extravagant showcase event in New York, global tech [...]

Samsung, LG Likely to Release Their New Smartphones in Early March

Samsung, LG Likely to Release Their New Smartphones in Early March

SEOUL, Feb. 21 (Korea Bizwire) — Samsung Electronics Co. and its rival LG Electronics Inc. are likely to release their new smartphones in early March, setting the stage for heated competition between the two, industry sources said Wednesday. Mobile carriers are expected to receive preorders for Samsung’s Galaxy S9 smartphone starting Feb. 28, with an [...]

Samsung, LG Add New Logistics Facilities in U.S. over Safeguard Measures

Samsung, LG Add New Logistics Facilities in U.S. over Safeguard Measures

SEOUL, Jan. 30 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. said Tuesday they have set up new logistics facilities in the United States in an apparent move to better cope with U.S. safeguard measures. Samsung Electronics America has signed a deal with a real-estate firm to lease a 421,000-square-foot facility in Edgefield [...]

LG Denies Alleged Dumping of Washing Machines Into U.S.

LG Denies Alleged Dumping of Washing Machines Into U.S.

SEOUL, Jan. 18 (Korea Bizwire) – A senior executive of LG Electronics Inc. on Thursday dismissed U.S. President Donald Trump’s claim that South Korea is dumping washing machines into the United States. Dan Song, president of LG Electronics’ home appliance & air solution division, said there is no chance of dumping by South Korean companies, as the U.S. has been cracking down on any dumping by South Korean firms. “We do not have any room [...]