SEOUL, Apr. 9 (Korea Bizwire) – Eight out of 10 customers who purchased a washing machine or dryer from LG Electronics’ retail stores in South Korea this year opted for combination washer-dryer units, the company announced on April 8. The popularity of the all-in-one laundry appliances, which handle both washing and drying cycles, reflects their space [...]
SEOUL, Apr. 4 (Korea Bizwire) – In the competitive arena of consumer electronics, South Korean tech behemoths Samsung Electronics and LG Electronics are now embroiled in a high-stakes duel over the future of artificial intelligence (AI) in home appliances. This confrontation extends their historical rivalry beyond the realms of integrated washer-dryers and OLED televisions to the [...]
SEOUL, Mar. 29 (Korea Bizwire) – LG Electronics, which defines artificial intelligence as an “empathetic intelligence” for customers, has unveiled the improved AI capabilities of its 2024 lineup of LG OLED TVs, highlighting a “differentiated AI customer experience.” On March 27, LG Electronics hosted a press event at its LG Science Park in Mapo-gu, Seoul, where [...]
SEOUL, Mar. 27 (Korea Bizwire) – The battle for market dominance between Samsung Electronics and LG Electronics in AI-powered appliances and OLED televisions spilled over into the companies’ annual shareholder meetings this week, as top executives touted their firms’ technological prowess. At LG’s annual meeting on March 26, Cho Joo-wan, the company’s chief executive, emphasized that [...]
SEOUL, Mar. 27 (Korea Bizwire) — LG Group said Wednesday it will invest 100 trillion won (US$74.4 billion) in South Korea by 2028 to sharpen future technologies and seek new growth drivers. Unveiled at the group’s annual shareholders meeting in Seoul, the long- and mid-term investment plan places an emphasis on advancing future technologies, including [...]
SEOUL, Mar. 18 (Korea Bizwire) – With Samsung Electronics and LG Electronics unveiling their new flagship TV lineups and premium all-in-one washer-dryer combos for 2024, the fierce rivals have engaged in an increasingly acrimonious marketing battle, taking thinly veiled shots at each other’s claims of superiority. The dispute began when Han Jong-hee, the CEO of Samsung’s [...]
SEOUL, Mar. 13 (Korea Bizwire) – Amid the rapidly growing global robotics market, fueled by advancements in Artificial Intelligence (AI) and Information and Communication Technology (ICT), tech giants Samsung Electronics and LG Electronics are ramping up their investments and research and development efforts. The robotics sector, which integrates various fields such as AI, semiconductors, optics, telecommunications, [...]
SEOUL, Feb. 20 (Korea Bizwire) – Samsung and LG are poised to introduce their all-in-one washer-dryer units to the South Korean market, sparking interest among consumers looking for innovative solutions in the home appliance sector. This new product category, which eliminates the need to transfer laundry from a washing machine to a dryer, is expected to [...]
SEOUL, Dec. 29 (Korea Bizwire) – LG Household & Health Care announced on Thursday its participation in CES 2024 in Las Vegas, showcasing its innovative beauty tech device, IMPRINTU. Set to unveil groundbreaking images generated by artificial intelligence (AI), IMPRINTU will make its North American debut during the four-day CES event starting January 9. IMPRINTU is [...]
SEOUL, Dec. 4 (Korea Bizwire) – In a culinary landscape where innovation knows no bounds, the humble kimchi refrigerator has transcended its origins as a specialized storage unit for fermented cabbage to become a versatile, multi-functional appliance capable of accommodating a variety of ingredients. Embracing this trend, the home appliance makers are introducing a series of [...]