LG Electronics Archives | Be Korea-savvy
LG Electronics Q1 Net Profit Down 21 pct on Lackluster Mobile Biz

LG Electronics Q1 Net Profit Down 21 pct on Lackluster Mobile Biz

SEOUL, Apr. 30 (Korea Bizwire) — LG Electronics Inc. said Tuesday its first-quarter net profit dropped 20.8 percent from a year earlier as its money-losing smartphone business clouded robust revenue from its home appliance division. The South Korean electronics maker said it posted 578 billion won (US$495 million) in net profit in the January-March period, [...]

LG Electronics to Move Korean Smartphone Production to Vietnam

LG Electronics to Move Korean Smartphone Production to Vietnam

SEOUL, Apr. 24 (Korea Bizwire) — LG Electronics Inc. plans to relocate its Korean smartphone production line to Vietnam in a bid to cut costs for its money-losing mobile business, industry sources said Wednesday. The South Korean tech firm will phase out its Pyeongtaek factory, south of Seoul, by the end of this year, getting [...]

LG in Talks with Carriers to Delay 5G Phone Launch Schedule

LG in Talks with Carriers to Delay 5G Phone Launch Schedule

SEOUL, Apr. 15 (Korea Bizwire) — LG Electronics Inc. has been in talks with South Korea’s three mobile carriers to delay the release date of its first 5G smartphone so as to better ensure stable service, industry sources said Monday. LG Electronics had initially planned to launch V50 ThinQ in domestic market on April 19, [...]

LG Electronics Features Upgraded AI for Smartphones

LG Electronics Features Upgraded AI for Smartphones

SEOUL, Apr. 9 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has adopted upgraded artificial intelligence (AI) technologies for its latest smartphones to provide users with smarter, faster services. The South Korean handset maker said advanced AI engine and software power V50 ThinQ, its first 5G smartphone set for launch next week, and G8 [...]

LG Electronics’ Appliance Rental Sales Rise Steadily

LG Electronics’ Appliance Rental Sales Rise Steadily

SEOUL, Apr. 3 (Korea Bizwire) — LG Electronics Inc.’s revenue from its home appliance rental service jumped over the last two years, its business report showed Wednesday, as more people opt for renting gadgets to save money on purchases, installations and maintenance. The electronics maker posted 292.4 billion won (US$257.2 million) in sales from its [...]