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Foreigners Pick Up Financial Shares, Drop Electronics in 2017

Foreigners Pick Up Financial Shares, Drop Electronics in 2017

SEOUL, Jan. 15 (Korea Bizwire) — Foreign investors picked up financial and chemicals shares on the KOSPI, South Korea’s main bourse, last year while selling off electronics and construction stocks, data from the Korea Exchange showed Monday. Offshore investors bought 6.58 trillion won (US$6.17 billion) worth of local stocks in 2017, of which financial stocks [...]

LG Electronics Join Forces with HERE Technologies for Self-driving Cars

LG Electronics Join Forces with HERE Technologies for Self-driving Cars

SEOUL, Dec. 27 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has inked an agreement with mapping solution provider HERE Technologies in the latest move to tap deeper into the self-driving automobile solutions. The South Korean company said HERE, which provides navigation solutions to some 100 million automobiles around the globe, is a suitable [...]

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 [...]

S. Korean Washers Popular in U.S. Despite Trade Row

S. Korean Washers Popular in U.S. Despite Trade Row

SEOUL, Dec. 15 (Korea Bizwire) — South Korean washers are receiving top-notch reviews from U.S. tech evaluators, industry watchers said Friday, amid actions being taken by Washington’s trade watchdog to slap tariffs on some products. U.S.-based industry tracker Reviewed said in its latest report that LG Electronics Inc.’s washer with the model name LG WM9000HVA [...]

LG Electronics Develops LTE-based Autonomous Driving Technology

LG Electronics Develops LTE-based Autonomous Driving Technology

SEOUL, Dec. 10 (Korea Bizwire) – LG Electronics Co. has developed an LTE-based autonomous driving technology as part of its ongoing effort to make a presence in the next-generation vehicle market, the company said Sunday. On top of its mainstay handset and home appliance businesses, LG Electronics has stepped up efforts to diversify its portfolios, [...]