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 [...]
SEOUL, Oct. 27 (Korea Bizwire) – LG Electronics demonstrated its proprietary Soft V2X traffic safety solution at the 5G Automotive Association (5GAA) conference in Berlin from October 21-24, showcasing technology aimed at advancing future mobility solutions. The company, a founding member of 5GAA alongside industry leaders like Mercedes-Benz, BMW, General Motors, Vodafone, Deutsche Telekom, Commsignia, and [...]
SEOUL, Oct. 23 (Korea Bizwire) – Samsung Electronics and LG Electronics unveiled their visions for AI-integrated daily life at the 55th Korea Electronics Show (KES 2024), which opened on October 22 at COEX in Seoul’s Gangnam district. Samsung Electronics announced the creation of an AI Village at the four-day event, demonstrating how artificial intelligence can transform [...]
SEOUL, Oct. 22 (Korea Bizwire) – LG Electronics is ramping up its efforts in the electric vehicle (EV) charging market by introducing advanced safety features to its slow chargers, aiming to alleviate customer concerns and accelerate its domestic EV charging business. The company announced on October 21 that it will implement a dual safety system to [...]
SEOUL, Oct. 10 (Korea Bizwire) — LG Electronics Inc. on Thursday announced its vision to reach 10 trillion won (US$7.4 billion) in sales from its business-to-business (B2B) solutions division by 2030 as part of the company’s strategy to diversify its business portfolio. “With 66 years of experience in serving customers and understanding spaces, we aim [...]