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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 [...]

Samsung, LG to Release New AI-based Air Conditioners This Month: Sources

Samsung, LG to Release New AI-based Air Conditioners This Month: Sources

SEOUL, Jan. 16 (Korea Bizwire) — South Korean air conditioner manufacturers will begin selling new air conditioners this month, well ahead of summer, promoting models with artificial intelligence (AI) and the Internet of Things (IoT) technology, industry sources said Tuesday. IoT is a concept in which objects are connected to the Internet and identify themselves [...]

Samsung Elec, LG Display Get Spotlight at CES

Samsung Elec, LG Display Get Spotlight at CES

LAS VEGAS, Jan. 11 (Korea Bizwire) — New products from South Korea’s Samsung and LG received rave reviews from multiple foreign media after their showcase at the Consumer Electronics Show under way here Thursday. Samsung Electronics’ “The Wall,” the first MicroLED TV, and the rollable display from LG Display stood out the most, being selected [...]

LG to Push Forward Start of Production at U.S. Washing Machine Plant

LG to Push Forward Start of Production at U.S. Washing Machine Plant

LAS VEGAS, Jan. 11 (Korea Bizwire) – LG Electronics Inc. will begin operation of its washing machine plant in Tennessee several months earlier than scheduled, a top company official said Wednesday, in an apparent move to better cope with possible U.S. safeguard measures. Jo Seong-jin, CEO of the South Korean tech giant, said the company had planned to begin the operation of the US$250 million plant in February 2019, but it [...]

“Value”, “Customer”, “Innovation” Keywords of Choice Among Conglomerate Heads

“Value”, “Customer”, “Innovation” Keywords of Choice Among Conglomerate Heads

SEOUL, Jan. 3 (Korea Bizwire) – Aside from “business”, “value”, “customer” and “innovation” were the keywords most commonly uttered by the leaders of South Korea’s top 10 conglomerates in their New Year’s addresses. Data provided by leadership assessment service CEOscore revealed that after “business”, which was uttered a leading 32 times, value, customer and innovation [...]

LG Distributes AI Development Tool to All Divisions to Speed Up Growth

LG Distributes AI Development Tool to All Divisions to Speed Up Growth

SEOUL, Dec. 26 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has distributed its artificial intelligence (AI) development tool to all business divisions in line with its efforts to speed up the release of new products equipped with the latest technology. The South Korean tech giant said the development platform, dubbed DeepThinQ 1.0, will [...]

LG Electronics Launches ThinQ AI Brand

LG Electronics Launches ThinQ AI Brand

SEOUL, Dec. 20 (Korea Bizwire) — LG Electronics Inc. on Wednesday introduced its new artificial-intelligence brand named ThinQ, which will be used in its upcoming home appliances. The South Korean tech giant said ThinQ products will have various AI technologies, including LG’s DeepThinQ system, and provide optimized services to consumers through deep-learning technology. The brand [...]