SEOUL, Dec. 17 (Korea Bizwire) –LG Electronics unveiled its second corporate value enhancement program on Tuesday, outlining plans to pursue an initial public offering (IPO) for its Indian subsidiary and retire approximately 761,000 treasury shares by next year. This move follows the company’s first strategic announcement in October, which aimed to achieve a return on [...]
SEOUL, Dec. 11 (Korea Bizwire) – LG Electronics unveiled a new installment of its wildlife conservation campaign on December 9, featuring a striking 3D video on the iconic Times Square billboard in New York City. The latest video spotlights the plight of the critically endangered red wolf, a species with fewer than 20 individuals estimated to [...]
SEOUL, Dec. 11 (Korea Bizwire) – LG Electronics has introduced six new products in its “LG Comfort Kit” lineup, enhancing accessibility for individuals with disabilities and senior citizens. The Comfort Kit, first launched in March this year, is a pioneering effort in the appliance industry, designed to make home appliances more user-friendly for people of [...]
SEOUL, Dec. 5 (Korea Bizwire) — LG Electronics Inc. said Thursday it has teamed up with Ambarella, a U.S. artificial intelligence (AI) semiconductor design company, to introduce an enhanced in-cabin sensing solution featuring driver and vehicle interior space detection technologies. LG Electronics’ driver monitoring system (DMS) will be integrated with Ambarella’s Edge AI System on [...]
SEOUL, Nov. 21 (Korea Bizwire) – LG Electronics Inc. on Thursday announced a large-scale business reorganization to enhance competitiveness and synergies as it aims to morph into a “smart life solutions” provider by 2030. The move is aimed at further strengthening the home appliance firm’s mainstay businesses and securing new growth drivers, the company said [...]
SEOUL, Nov. 21 (Korea Bizwire) – LG Electronics announced it will debut its private 5G network technology at the Korea Radiocommunication Show (KRS), a three-day event beginning November 20 at COEX in Seoul’s Gangnam district. Private 5G is a customized network solution designed for specific spaces such as smart factories and logistics centers. The technology utilizes [...]
SEOUL, Nov. 18 (Korea Bizwire) – LG Group has reinforced its commitment to combat global climate change, detailing its progress toward achieving net-zero carbon emissions by 2050 in a new comprehensive report. The South Korean conglomerate announced on November 17 the publication of its “LG Net Zero Special Report,” its second group-wide carbon neutrality progress report [...]
SEOUL, Nov. 12 (Korea Bizwire) — LG Electronics Inc. CEO Cho Joo-wan has met with Jim Keller, CEO of U.S. artificial intelligence (AI) chip startup Tenstorrent, to explore expanding their partnership in the fast-growing AI chip industry, the Korean company said Tuesday. During the meeting in Seoul, the two leaders discussed collaboration opportunities in next-generation [...]
SEOUL, Nov. 12 (Korea Bizwire) – LG Electronics announced on November 11 the launch of its latest mobility innovation, the Digital Cockpit Gamma, a new concept that reimagines the driving experience through advanced automotive technology. This marks the third iteration in the company’s forward-looking cockpit series, following the Alpha and Beta versions released last year. The [...]
SEOUL, Oct. 31 (Korea Bizwire) – LG Electronics is entering the modular housing market with its new LG Smart Cottage, a compact dwelling that integrates artificial intelligence-enabled appliances with advanced heating, ventilation, and air conditioning (HVAC) technology. The South Korean technology giant announced on October 30 that it has launched a dedicated website for the Smart [...]