SEOUL, Jan. 27 (Korea Bizwire) — LG Electronics Inc. said Friday its operating profit for the fourth quarter nosedived more than 90 percent on a drop in demand for home appliances and rising promotion cost amid global macroeconomic woes. The tech firm said operating income for the three months ending in December fell 90.7 percent [...]
SEOUL, Jan. 27 (Korea Bizwire) — LG Electronics Inc. is expanding its presence in the foreign indoor golf market by leveraging its premium commercial-use laser projector, the ProBeam. The company announced that it will take part in the PGA Show 2023 being held in Orlando, Florida for four days starting on Tuesday. LG will showcase [...]
SEOUL, Jan. 20 (Korea Bizwire) — LG Electronics Inc. said Thursday it will launch a full-scale roll-out of a version of its CLOi robot that features a library-customized solution. The company recently supplied a public library of the South Gyeongsang Provincial Office of Education in Changwon, some 400 kilometers south of Seoul, with one CLOi [...]
SEOUL, Jan. 16 (Korea Bizwire) — LG Electronics Inc. said Sunday that the company’s plant in the U.S. state of Tennessee has been selected as a lighthouse factory by the World Economic Forum (WEF), the first of its kind among South Korean plants built overseas. According to the WEF, a lighthouse factory refers to a [...]
SEOUL, Jan. 11 (Korea Bizwire) — LG Electronics Inc. swept the top spots in all major categories of best washing machines evaluated by a U.S. consumer advocacy magazine once again this year after last year’s success. Consumer Reports chose the South Korean home appliances giant’s products as the best washer of the year in three [...]
LAS VEGAS, Jan. 7 (Korea Bizwire) – LG Electronics Inc.’s chief executive has said the company’s focus on the electric vehicle (EV) parts business for the past decade has started to bear fruit. “Our EV business has made a turnaround 10 years after we entered the market,” CEO Cho Joo-wan said during a press briefing [...]
SEOUL, Jan. 6 (Korea Bizwire) — LG Electronics Inc. on Friday estimated its fourth-quarter operating earnings at 65.5 billion won (US$51.6 million), down 91.2 percent from a year earlier. Revenue increased 5.2 percent on-year to 21.85 trillion won, marking a quarterly high, according to the earnings guidance released by the company. But it did not [...]
SEOUL, Jan. 6 (Korea Bizwire) — LG Electronics Inc. said Thursday it will showcase a ‘creator room’ decorated with its premium home appliances and limited edition shoes at CES 2023. The creator room is decorated with a variety of modern home electronics such as the MoodUP refrigerator and smart steam clothing care system Styler, plus [...]
LAS VEGAS, Jan. 5 (Korea Bizwire) — LG Electronics Inc. made efforts to present its potential through a wide range of products and solutions at CES 2023, its top executive said Thursday. “Now that the pandemic is over, we thought it is time to display our real products and solutions so that we can show our [...]
LAS VEGAS, Jan. 4 (Korea Bizwire) — LG Electronics Inc. returned to CES with a bang after its all-virtual presentation that required a separate app to watch left many visitors scratching their heads last year. At CES 2023, LG’s new 72-inch OLED TV became the talk of the town even before the global tech trade show [...]