SEOUL, April 23 (Korea Bizwire) — LG Electronics is taking a cautious approach to the initial public offering (IPO) of its Indian subsidiary, pushing back earlier expectations of a May 2025 listing in light of ongoing global market instability. According to industry sources on April 23, LG Electronics recently completed a revised version of its Updated [...]
SEOUL, April 22, (Korea Bizwire) — LG Electronics is pulling out of the electric vehicle (EV) charging solutions market just three years after entering the sector, citing prolonged demand stagnation and intensified price competition. The move comes as part of a broader strategic restructuring aimed at concentrating on more resilient and scalable businesses. In a [...]
LG Electronics Co. said Monday it has been named the most creative supplier of the year by General Motors Co. (GM) for its outstanding innovation and collaboration. At GM’s 33rd Supplier of the Year Awards held last week, LG Electronics received the Creativity Team Award in recognition of its role in redefining in-vehicle entertainment and [...]
SEOUL, April 8 (Korea Bizwire) — LG Electronics has partnered with global pop icon and entrepreneur will.i.am to relaunch its wireless audio brand XBOOM, infusing it with a bold new identity centered on artificial intelligence and immersive sound design. Speaking at the “LG XBOOM Brand Day” event in Seoul on April 7, will.i.am described the collaboration [...]
SEOUL, April 6 (Korea Bizwire) — LG Electronics has installed a suite of ultra-large commercial display solutions at Fenway Park, the iconic home stadium of Major League Baseball’s Boston Red Sox, as part of its expanding footprint in the U.S. sports entertainment market. The South Korean tech giant announced Sunday that it completed the installation [...]
SEOUL, March 17 (Korea Bizwire) — LG Electronics set a new record for research and development (R&D) spending in 2024, investing heavily in AI-driven smart home technology, automotive electronics, and heating, ventilation, and air conditioning (HVAC) systems. According to LG’s latest business report, the company spent ₩4.76 trillion ($3.28 billion) on R&D in 2024, marking a [...]
SEOUL, March 17 (Korea Bizwire) — A pilot program implementing artificial intelligence monitoring on LG Electronics’ employee shuttle buses has led to significant improvements in driver safety, according to findings released today by the Korea Transportation Safety Authority. The three-month trial, conducted from September to November last year on 14 long-distance shuttle buses serving LG Electronics’ Changwon [...]
SEOUL, March 11 (Korea Bizwire) — LG Electronics Inc. said Tuesday its new advanced organic light-emitting diode (OLED) and quantum nanocell-emitting diode (QNED) TVs will soon hit the market, with their user-friendly artificial intelligence (AI) and upgraded image quality. The 2025 OLED evo incorporates brightness booster technology, which optimizes the display algorithm and organic compound [...]
SEOUL, Feb. 21 (Korea Bizwire) — LG Electronics Inc. has invested in Silicon Valley-based mobility software startup Apex.AI as part of its broader plans to expand collaborations with software providers in the artificial intelligence (AI) era, the U.S. company said Friday. “LG Electronics, a global innovator in technology and consumer electronics, including vehicle solutions, has [...]
SEOUL, Feb. 20 (Korea Bizwire) — LG Electronics announced on February 20 that it has rebranded its ultra-premium built-in kitchen appliance line, ‘Signature Kitchen Suite’ (SKS), as part of a strategic effort to expand its presence in the global luxury appliance market. Launched in 2016, the Signature Kitchen Suite brand marks its 10th anniversary this year, [...]