SEOUL, May 18 (Korea Bizwire) — LG Electronics Inc. announced on Wednesday its entry into the functional material industry by launching the production of antibacterial glass powder, a move aimed at securing new avenues for growth. Leveraging its expertise in independent glass formulation and design technology, as well as its understanding of real-life usage scenarios [...]
SEOUL, May 15 (Korea Bizwire) — LG Electronics Inc. ran its TV manufacturing plant at around 75 percent in the first quarter, the company said Monday, amid slowing demand for home entertainment products. The tech company said in a regulatory filing the rate came in at 75.3 percent for the three months ending in March, [...]
SEOUL, May 10 (Korea Bizwire) — South Korea’s two electronics giants, Samsung Electronics Co. and LG Electronics Inc., are seeking bigger roles in the local market as the global personal computer (PC) market is mired in a slump. In the laptop category, which is one of the main drivers of the PC market, Samsung and [...]
SEOUL, April 27 (Korea Bizwire) — LG Electronics Inc. on Thursday said its operating profit for the January-March period declined 23 percent from a year earlier amid the on-going macroeconomic woes that dampened consumer demand. The South Korean tech company posted a first-quarter operating profit of 1.49 trillion won (US$1.1 billion), down 22.9 percent from [...]
SEOUL, April 20 (Korea Bizwire) — LG Electronics Inc. said Wednesday it would launch a project to assist children and teenagers with developmental disorders to utilize home appliances better in commemoration of the International Day of Persons with Disabilities. Under this initiative, LG will provide free books with explanations and illustrations tailored to the needs [...]
SEOUL, April 18 (Korea Bizwire) — LG Electronics will collaborate with lifestyle brand Moooi to showcase a premium home lifestyle space at Milan Design Week 2023. The exhibition, with the theme of ‘A Life Extraordinary’, will feature LG OLED TVs that harmonize with space and a variety of lifestyle products. This includes the LG [...]
SEOUL, April 7 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. have announced their preliminary first-quarter results, and the outcome is a mixed bag. Samsung Electronics suffered a record earnings shock with its operating profit plummeting to a historic low, not only in comparison to LG Electronics but also to LG Energy Solution [...]
SEOUL, April 7 (Korea Bizwire) — LG Electronics Inc. on Friday said its operating profit for the January-March period likely declined 23 percent from a year earlier amid the on-going macroeconomic woes that dampened consumer demand. The South Korean tech company estimated its first-quarter operating profit at 1.49 trillion won (US$1.1 billion), down 22.9 percent [...]
SEOUL, March 9 (Korea Bizwire) — LG Electronics Inc. said Thursday it is scaling up its research and development operations in Vietnam to respond to a rapidly growing electric vehicle (EV) parts business. The South Korean tech company held a ceremony Wednesday to celebrate the opening of a new entity in Hanoi, in a bid [...]
SEOUL, March 8 (Korea Bizwire) — LG Electronics Inc. said Wednesday it expects its TV business, centered around premium OLED TVs, to log an on-year growth this year despite sluggish demand amid stubbornly high inflation. “While the global TV market is likely to shrink this year due to lingering business uncertainties, we expect our TV [...]