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Massive Popularity of iPhone 11 Pushes Mobile Carriers to Clear Out LTE Phones from Samsung, LG

Massive Popularity of iPhone 11 Pushes Mobile Carriers to Clear Out LTE Phones from Samsung, LG

SEOUL, Nov. 7 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. are lowering the price of LTE flagship smartphones released this year while offering higher subsidies to empty out remaining stocks. South Korean telecom giant KT Corp. raised the official subsidy for the LG G8 ThinQ to a maximum of 655,000 won (US$564) [...]

LG Electronics Buys into U.S. Laundry Startup

LG Electronics Buys into U.S. Laundry Startup

SEOUL, Nov. 1 (Korea Bizwire) — South Korea’s LG Electronics Inc. said Friday it recently purchased a stake in U.S. laundry startup Washlava and supplied it with washing machines and dryers. LG Electronics, however, didn’t disclose the level of its interest in the Tampa-based company, which operates smartphone-exclusive laundromats, or the amount invested. The electronics [...]

LG Electronics Q3 Net Down 30.5 pct on Sluggish Mobile Biz

LG Electronics Q3 Net Down 30.5 pct on Sluggish Mobile Biz

SEOUL, Oct. 30 (Korea Bizwire) — LG Electronics Inc. said Wednesday its third-quarter net profit dropped 30.5 percent from a year earlier due to its lackluster mobile business. The South Korean electronics maker said its net earnings stood at 345.7 billion won (US$296 million) in the July-September period, compared with 497.1 billion won a year [...]

LG, Qualcomm to Develop Automotive Infotainment Platform

LG, Qualcomm to Develop Automotive Infotainment Platform

SEOUL, Oct. 30 (Korea Bizwire) — South Korean electronics maker LG Electronics Inc. and U.S. chipmaker Qualcomm Inc. will join hands to develop an in-vehicle infotainment platform for connected cars, the companies said Wednesday. LG Electronics and Qualcomm have signed a strategic partnership to develop the automotive platform, which combines entertainment and information delivery for [...]

LG Launches V50S ThinQ in S. Korea

LG Launches V50S ThinQ in S. Korea

SEOUL, Oct. 11 (Korea Bizwire) — LG Electronics Co. on Friday began selling its flagship smartphone in South Korea to help revive its fortunes following a yearslong slump. LG Electronics said it will provide an accompanying second-screen accessory for free to buyers of the V50S ThinQ, which comes only in “aurora black.” The second-screen accessory [...]

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, [...]