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LG Beats Samsung in Home Appliance Profit Margin for First Half

LG Beats Samsung in Home Appliance Profit Margin for First Half

SEOUL, Aug. 3 (Korea Bizwire) — LG Electronics Inc. profited more for every home appliance sold in the first half of 2018 compared with its bigger rival Samsung Electronics Co., industry data showed Friday. Samsung Electronics posted sales of 20.1 trillion won (US$17.8 billion) over the January-June period for the home appliances segment, above LG [...]

LG Electronics Opens First Overseas AI Research Lab

LG Electronics Opens First Overseas AI Research Lab

SEOUL, Aug. 1 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has opened its first overseas research center devoted solely to the development of artificial intelligence (AI) technologies. The South Korean tech giant said the Toronto AI Lab in Canada will carry out various research through cooperation with the University of Toronto starting from [...]

Samsung, LG Anticipated to Unveil New Smartwatches Soon

Samsung, LG Anticipated to Unveil New Smartwatches Soon

SEOUL, Jul. 12 (Korea Bizwire) — South Korean tech giants are expected to showcase new smartwatches within a few months, industry watchers said Thursday, as they seek to catch up with market leader Apple Inc. According to the sources, Samsung Electronics is expected to showcase the successor of the Gear S3 smartwatch around the upcoming [...]

LG to Promote Masterpiece Drawings via Signage Solution

LG to Promote Masterpiece Drawings via Signage Solution

SEOUL, Jul. 2 (Korea Bizwire) — LG Electronics Inc. said Monday it participated in an exhibition in Seoul promoting drawings from the Joseon Dynasty (1392-1910) by utilizing the latest 88-inch Ultra Stretch signage solution. The company said it installed the signage solution at the exhibition hosted by Kansong Art and Culture Foundation and the Seoul [...]

LG Electronics to Answer Queries Via App

LG Electronics to Answer Queries Via App

SEOUL, Jun. 26 (Korea Bizwire) — LG Electronics says it will strengthen its communication with customers while expanding after-purchase support for smartphones. Starting June 21, the South Korean electronics giant has decided to call upon its researchers, marketers and other in-house experts to reply to inquiries regarding smartphones posted by their customers on LG’s “Quick [...]

LG Electronics Offers Chatbot Service for Customers

LG Electronics Offers Chatbot Service for Customers

SEOUL, Jun. 12 (Korea Bizwire) — LG Electronics Co., a global leader in consumer electronics and mobile communications, said Tuesday it has adopted around-the-clock chatbot service to enhance customers’ convenience. LG Electronics’ chatbot service was based on its artificial intelligence platform called DeepThinQ and an analysis of about 10 million customer complaints about its products, [...]

LG Electronics to Release New Smartwatch Next Month: Sources

LG Electronics to Release New Smartwatch Next Month: Sources

SEOUL, May 9 (Korea Bizwire) — LG Electronics Inc., which recently showcased the LG G7 ThinQ smartphone, plans to release a new smartwatch next month, seeking to accelerate efforts to revitalize its struggling mobile communication business, industry watchers said Wednesday. The new smartwatch would become the successor of the LG Watch Style released in March [...]

LG Acquires Shares in S. Korean AI Startup Acryl

LG Acquires Shares in S. Korean AI Startup Acryl

SEOUL, May 2 (Korea Bizwire) — LG Electronics Inc. said Wednesday that it has invested 1 billion won (US$934,000) in the South Korean startup Acryl, which specializes in the development of artificial intelligence technologies. Under the deal, LG acquired a 10 percent stake, or 336,000 shares in the venture firm. Established in 2011, Acryl focuses [...]

LG Electronics to Bolster LED Lighting Product Portfolio

LG Electronics to Bolster LED Lighting Product Portfolio

SEOUL, Apr. 30 (Korea Bizwire) — LG Electronics Inc. said Monday it aims to expand its light-emitting diode (LED) lighting product portfolio by releasing products that emit less blue light, which is easier on the human eye. The South Korean consumer electronics giant has showcased 14 different new products for commercial use under the brand [...]