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South Korean Corporate Giants Convene Strategy Meetings Amid Global Uncertainty

SEOUL, Dec. 13 (Korea Bizwire) – Amid growing geopolitical and economic uncertainties, including escalating U.S.-China tensions and the anticipated inauguration of Donald Trump’s second term, South Korea’s major corporations are conducting high-level strategy meetings to fine-tune their business plans for 2024. Samsung Electronics to Focus on Core Competitiveness Samsung Electronics will host its biannual Global [...]

South Korean Giants Bet Big on India’s Growing Consumer Market

SEOUL, Dec. 9 (Korea Bizwire) – In a significant pivot toward the world’s most populous nation, South Korean corporate powerhouses are intensifying their focus on India, seeing it as both an antidote to their China-dependent supply chains and a promising frontier for growth. Companies like Samsung Electronics, LG Electronics, and Hyundai Motor are expanding their footprint [...]

LG Group Accelerates Future Growth in AI, Bio, and Clean Tech Sectors

SEOUL, Nov. 25 (Korea Bizwire) — LG Group is ramping up its focus on the future by actively appointing talent in key emerging fields—artificial intelligence (AI), biotechnology, and clean tech (collectively referred to as ‘ABC’). The company is reshaping its business portfolio to enhance innovation and create new customer value, with a particular emphasis on [...]

Kia, LG Electronics, and Samsung Named Among Top U.S. Employers for Engineers by Forbes

SEOUL, Nov. 25 (Korea Bizwire) — Kia, LG Electronics, and Samsung Electronics have been ranked among the top companies for engineers in the United States by Forbes, highlighting their strong reputation in the competitive local job market. According to an industry report on Sunday, Forbes, in collaboration with market research firm Statista, published a list [...]

Samsung and LG Products Named Among TIME’s Best Inventions of 2024

SEOUL, Nov. 1 (Korea Bizwire) – Two South Korean technology giants have secured spots on TIME magazine’s prestigious “Best Inventions of 2024″ list, highlighting the country’s continued dominance in consumer electronics innovation. Samsung Electronics announced on October 31 that its 2024 Neo QLED 8K television and Music Frame speaker were recognized in the Consumer Electronics and [...]

Samsung, LG Eye Entry into Booming Food Waste Disposer Market

SEOUL, Oct. 28 (Korea Bizwire) – Major South Korean electronics manufacturers are preparing to enter the rapidly growing food waste disposer market, currently dominated by small and medium-sized enterprises. According to industry sources on October 27, LG Electronics recently concluded a pilot program for its food waste disposer in collaboration with the city of Ansan in [...]

Samsung and LG Shift Focus to AI Integration at Europe’s Largest Electronics Show

BERLIN, Sept. 10 (Korea Bizwire) – At IFA 2024, Europe’s largest consumer electronics trade show, industry giants Samsung and LG have taken a markedly different approach to their exhibits, emphasizing artificial intelligence (AI) integration over showcasing individual products. This strategy, while highlighting the companies’ vision for interconnected smart homes, has left some attendees yearning for the [...]

LG Showcases OLED TVs as Art in Southeast Asian Marketing Push

SEOUL, Aug. 16 (Korea Bizwire) – LG Electronics is taking its OLED TV technology beyond the living room and into the realm of high art in a bid to capture the growing Southeast Asian market. In a recent exhibition at the Lotte Mall West Lake Hanoi, which attracts about 1 million visitors monthly and is one [...]

LG Unveils Third Generation of Proprietary AI Model EXAONE

SEOUL, Aug. 7 (Korea Bizwire) — LG AI Research, the artificial intelligence lab under South Korea’s LG Group, unveiled the third generation of its giant, multimodal AI model EXAONE on Wednesday, offering improved performance and cost efficiency for its users. To contribute to the development of the AI ecosystem, LG AI Research said it has [...]

South Korean Robot Vacuum Market Heats Up as Domestic Giants Challenge Chinese Leader

SEOUL, Aug. 5 (Korea Bizwire) – The robot vacuum cleaner market in South Korea is witnessing intensified competition as Samsung Electronics and LG Electronics aggressively enter a field long dominated by China’s Roborock. The battleground is centered around all-in-one robot vacuum cleaners that combine dust suction, mopping, and self-cleaning functions. According to industry sources, Roborock, the [...]