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LG Joins with Italian Furniture Firm for IoT Experience

LG Joins with Italian Furniture Firm for IoT Experience

SEOUL, Apr. 13 (Korea Bizwire) — LG Electronics Inc. said Friday it has joined forces with Italy-based furniture firm Natuzzi Group to jointly develop a smart home package boasting Internet-of-Things (IoT) technology. Under the arrangement, LG and Natuzzi will showcase smart home solutions at the Milano Design Week slated for later this month, including jointly [...]

LG Ad Featuring Nat’l Curing Team Hits 5 Mln YouTube Views

LG Ad Featuring Nat’l Curing Team Hits 5 Mln YouTube Views

SEOUL, Apr. 4 (Korea Bizwire) — LG Electronics Inc. said Wednesday its new vacuum cleaner advertisement, which features the South Korean women’s curling team that won a surprise silver in the 2018 Winter Games, tallied more than 5 million views on video-sharing platform YouTube. The advertisement, first showcased on March 14, posted more than 350,000 [...]

LG Electronics Set to Enjoy Robust Earnings for Q1

LG Electronics Set to Enjoy Robust Earnings for Q1

SEOUL, Mar. 26 (Korea Bizwire) — LG Electronics Inc., which enjoyed record earnings last year on the back of premium TVs and home appliance sales, is expected to post a robust performance in the first quarter of 2018. According to data compiled by market tracker FnGuide from local brokerage houses, the market’s first-quarter consensus for [...]

LG Seeks Rebound with New Phones After Operating Losses in Recent Years

LG Seeks Rebound with New Phones After Operating Losses in Recent Years

SEOUL, March 11 (Korea Bizwire) – LG Electronics Inc., South Korea’s second-biggest electronics company, is seeking a rebound in its mobile business with the launch of new phones after posting operating losses in recent years, industry sources said Sunday. LG Electronics reported operating losses for three years through 2016 due to low demand for its smartphones in global markets where Samsung Electronics Co. and Apple Inc. are the dominant players. The tech giant posted [...]