BERLIN, Sept. 3 (Korea Bizwire) — LG Electronics Inc.’s high-end OLED TVs have been faring well despite the overall TV market slump caused by macroeconomic woes, an LG executive has said at the IFA tech trade show in Berlin. “Despite the war (between Russia and Ukraine) and economic difficulties in Europe, the OLED TV market [...]
BERLIN, Sept. 1 (Korea Bizwire) — With white drapes hanging from the ceiling, looking like waves coming ashore, LG Electronics Inc. puts out a calm, brightly-lit and spacious exhibition venue, made with eco-friendly and reusable materials at IFA. Taking a motif from a forest pathway, LG decorated its exhibition hall, titled the LG Sustainable Village, [...]
SEOUL, Aug. 30 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. have been gearing up for IFA 2023, set to open in Berlin later this week, to showcase their high-tech consumer products with a focus on sustainability. The annual IFA, which will open Friday and run until Tuesday, is Europe’s oldest and biggest [...]
SEOUL, Aug. 28 (Korea Bizwire) — LG Electronics Inc. unveiled Bon Voyage, a personalized portable accommodation unit, at the Wanderlust Korea 2023 wellness lifestyle festival held last weekend in Seoul Olympic Park. Bon Voyage features a two-story open design encompassing a 20-square-meter floor space. It offers the flexibility to be placed in any location preferred [...]
SEOUL, Aug. 24 (Korea Bizwire) — LG Electronics Inc. said Wednesday it will be launching the LG StanbyME Go portable display in both the North American and European markets. The StanbyME Go represents a fresh approach to lifestyle entertainment screens, offering versatility both indoors and outdoors, whether it’s at parks or campgrounds. Measuring 27 inches, [...]
SEOUL, Aug. 17 (Korea Bizwire) — LG Electronics Inc. said Wednesday it will showcase the LG Smart Cottage housing solution at IFA 2023, slated to take place in Berlin, Germany in early September. The Smart Cottage is a compact modular housing unit that seamlessly integrates LG’s energy and HVAC technology with high-end home appliances. A [...]
SEOUL, Aug. 16 (Korea Bizwire) — LG Electronics Inc. said Tuesday it will unveil a Universal UP Kit, aimed at enhancing the accessibility of home appliances, at IFA 2023 in Berlin, Germany, scheduled for Sept. 1. The Universal UP Kit serves as an accessory intended to aid customers in utilizing a variety of LG home [...]
SEOUL, Aug. 3 (Korea Bizwire) — LG Electronics Inc. said Thursday it will join hands with U.S. investment firm Clearbrook LLC to raise more than US$100 million to invest in industries of the future, including digital health, renewable energy and artificial intelligence. The South Korean tech company said its North American Innovation Center (LG NOVA) [...]
SEOUL, Aug. 2 (Korea Bizwire) — LG Electronics Inc.’s front-load washing machine has been recognized as “the best front-load washer” by a U.S. consumer advocacy magazine. In the “Best Front-Load Washers–and the Worst” ratings announced by Consumer Reports, LG’s front-load washers claimed the top four positions, earning 85 to 87 points. Consumer Reports noted that [...]
SEOUL, July 27 (Korea Bizwire) — LG Electronics Inc. reported a 6.2 percent fall in second-quarter operating profit, primarily due to a one-time provision. The company said in a regulatory filing that operating income for the April-June period came to 741.9 billion won (US$581 million), down from the 892.7 billion won it had predicted earlier [...]