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5G, Foldable Smartphones Steal IFA 2019

5G, Foldable Smartphones Steal IFA 2019

BERLIN, Sept. 11 (Korea Bizwire) — While IFA is Europe’s largest consumer electronics show, this year’s event had an interesting twist with unusual scene stealers form the mobile industry to give much-needed hype for the foldable phones and 5G. IFA closed Wednesday after a six-day run, hosting over 1,900 exhibitors that showcased the latest televisions, [...]

LG Eyes Fast-Growing Built-in Home Appliance Market

LG Eyes Fast-Growing Built-in Home Appliance Market

BERLIN, Sept. 8 (Korea Bizwire) — LG Electronics Inc. is ramping up investment to expand businesses in the built-in home appliance market to capitalize on the fast growing segment, its president said on Sunday. Song Dae-hyun, the head of LG’s home appliance and air solution division, said the company aims to become a “top-tier” player [...]

LG to Launch AI-equipped Washers in 30 Nations This Year

LG to Launch AI-equipped Washers in 30 Nations This Year

SEOUL, Sept. 2 (Korea Bizwire) — LG Electronics Inc. said Monday it will launch front-loading washers equipped with artificial intelligence (AI) in 30 nations within this year to target the premium segment. The smart home appliance, which has been launched in eight European nations, will come into other markets, including the Netherlands, Switzerland and Finland, [...]

LG Electronics Q2 Operating Earnings Down 15.4 pct on Downbeat Mobile Biz

LG Electronics Q2 Operating Earnings Down 15.4 pct on Downbeat Mobile Biz

SEOUL, Jul. 5 (Korea Bizwire) — LG Electronics Inc. said Friday its second-quarter operating profits are expected to have dropped 15.4 percent from a year earlier, mainly due to its sluggish smartphone business. In an earnings guidance, the South Korean electronics maker said it expects to post 652.2 billion won (US$557 million) in operating profits [...]