SEOUL, Jan. 29 (Korea Bizwire) – LG Electronics Inc. said Thursday it will spend around 100 billion won (US$70 million) to buy back its shares as part of efforts to increase shareholder value. The buyback of 905,083 common shares and 189,371 preferred shares will run from Monday through Sept. 30, the company said in a [...]
SEOUL, Jan. 19 (Korea Bizwire) — LG Electronics said Sunday it will release its first bathroom-specific air quality management product this week, expanding its premium home appliance lineup into a space increasingly shaped by concerns over hygiene and indoor air quality. The new product, the LG PuriCare Bath Air System, will go on sale Monday and [...]
LAS VEGAS, Jan. 12 (Korea Bizwire) — LG Electronics is steadily expanding its footprint in the U.S. luxury home appliance market, leveraging its ultra-premium built-in brand SKS to gain ground in a sector long dominated by American manufacturers. At a high-end residential development in Spring Valley, about 20 minutes west of downtown Las Vegas, nearly 90 [...]
SEOUL, Dec. 26 (Korea Bizwire) — LG Electronics Inc. said Friday it plans to showcase new gaming monitors with built-in artificial intelligence (AI) technology capable of upscaling contents to 5K resolution. The LG UltraGear evo monitors will be introduced during the Consumer Electronics Show (CES) in Las Vegas in January, the South Korean tech giant [...]
SEOUL, Dec. 4 (Korea Bizwire) — LG Electronics convened a workshop in Seoul on Thursday with the Eclipse Foundation and major global automakers to accelerate the development of open-source software for software-defined vehicles (SDVs), part of the company’s broader push to expand its automotive solutions business. The event — the Eclipse SDV Community Meetup — brought [...]
SEOUL, Nov. 28 (Korea Bizwire) — LG Electronics Co. on Friday unveiled a new 200 billion-won (US$136.5 million) shareholder return program for the next two years, with detailed plans to be announced in the near future. The company also plans to retire its remaining treasury stock of 1,748 common shares and 4,693 preferred shares after [...]
SEOUL, Nov. 20 (Korea Bizwire) — LG Electronics said on Nov. 20 that it has signed a patent licensing agreement with Amazon covering the use of LG’s Wi-Fi standard-essential patents (SEPs) in the U.S. tech giant’s consumer devices, marking a significant step in the Korean company’s push to monetize its intellectual property portfolio. Under the agreement, [...]
SEOUL, Nov. 19 (Korea Bizwire) – LG Electronics Inc. said Wednesday it has opened a showroom for its new luxury brand SKS in Chicago as part of efforts to expand its presence in the high-end built-in appliance market in the United States. Designed by Italian architect Piero Lissoni, the showroom is located at Merchandise Mart, [...]
GYEONGJU, Oct. 28 (Korea Bizwire) — South Korea’s LG Electronics is showcasing its latest display technologies at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju this week, transforming its transparent, wireless OLED television into an enormous chandelier-like installation. The company said Tuesday it is participating in the four-day “K-Tech Showcase,” an official event alongside the [...]
SEOUL, Oct. 23 (Korea Bizwire) — LG Electronics Inc. said Thursday it ranked first in four categories in the 2025 U.S. Appliance Satisfaction Study released by market research firm J.D. Power, marking the highest number of wins among all brands evaluated. The South Korean tech giant took the top spot in the French-door refrigerator, side-by-side refrigerator, [...]