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LG Says Its Robot Vacuum Cleaner as ‘Intelligent as 7-year-old child’

LG Says Its Robot Vacuum Cleaner as ‘Intelligent as 7-year-old child’

SEOUL, Jul. 17 (Korea Bizwire) — LG Electronics Inc. said Monday that independent studies showed its robot vacuum cleaner released earlier this year were as intelligent as a 6-to-7-year-old child. Citing a research conducted by Robotics & Intelligent Systems Lab under Seoul National University, the South Korean consumer electronics giant said the vacuum cleaner, named [...]

LG Electronics to Showcase New Flagship Smartphone Next Month

LG Electronics to Showcase New Flagship Smartphone Next Month

SEOUL, Jul. 13 (Korea Bizwire) — LG Electronics Inc. said Thursday it plans to reveal a new flagship smartphone in Berlin next month ahead of an international tech convention. The South Korean tech giant said it will showcase the presumed V30 smartphone on Aug. 31, ahead of the opening of the Internationale Funkausstellung Berlin (IFA) [...]

LG Set to Pull Out of Chronic Slump Pinned on New Flagship Phone

LG Set to Pull Out of Chronic Slump Pinned on New Flagship Phone

SEOUL, July 12 (Korea Bizwire) – LG Electronics’ smartphone business has been struggling to extricate itself from a quagmire caused by stubborn losses and a weak brand image, but local market watchers said Wednesday they remain optimistic the company can pull off a rebound going forward. The tech giant’s slump is all the more stark [...]

Tech Giants Roll out Budget Handsets Ahead of Flagship Releases in H2

Tech Giants Roll out Budget Handsets Ahead of Flagship Releases in H2

SEOUL, Jul. 10 (Korea Bizwire) — South Korean tech giants are engaging in a fierce competition with mid-end smartphones to grab budget-conscious customers ahead of the launch of their major flagships slated for later this year, industry watchers said Monday. According to industry sources, LG Electronics Inc. is planning to showcase its mid-end smartphone, the [...]

LG to Use Energy Efficient, Quiet Compressors on All New Refrigerators

LG to Use Energy Efficient, Quiet Compressors on All New Refrigerators

SEOUL, Jul. 9 (Korea Bizwire) — LG Electronics Inc. said Sunday that it will adopt its energy efficient and quiet compressors on all new refrigerators this year. The global home appliance manufacturer said its top-of-the-line inverter linear compressor will be used in refrigerators with the exception of one-door units and larger volume machines used commercially. [...]

LG Underperforms in Q2 Due to Sluggish Smartphone Sales

LG Underperforms in Q2 Due to Sluggish Smartphone Sales

SEOUL, July 7 (Korea Bizwire) – LG Electronics Inc. said Friday its second-quarter operating profit is estimated at 664.1 billion won (US$574.5 million), posting a weaker-than-expected performance apparently on sluggish smartphone sales despite a robust performance of its home appliance business. The operating profit for the April-June period marks a 13.6-percent jump from the 584.6 [...]

LG Electronics to Supply Driver-assistance Cameras to German Carmaker

LG Electronics to Supply Driver-assistance Cameras to German Carmaker

SEOUL, Jun. 29 (Korea Bizwire) — LG Electronics Inc. said Thursday it will supply its advanced driver-assistance system (ADAS) cameras to a premium German carmaker, tapping deeper into the vehicle components business. Through the deal, the South Korean company will supply camera modules and software to its German counterpart. LG did not reveal the name [...]

LG Electronics to Tap Deeper into Chiller Market

LG Electronics to Tap Deeper into Chiller Market

SEOUL, Jun. 28 (Korea Bizwire) — South Korean electronics firm LG Electronics Inc. said Wednesday it plans to tap deeper into the global chiller market currently dominated by U.S. rivals. The South Korean tech giant said the chiller market could become a new growth engine for its air-conditioning business, claiming that its sales will grow [...]