SEOUL, June 30 (Korea Bizwire) — LG Electronics said Thursday it has set up a joint venture with SM Entertainment, the K-pop agency behind aespa and NCT Dream, to tap into the growing home fitness market. LG Electronics CEO Cho Joo-wan expressed hope the new joint venture, Fitness Candy, will elevate LG from being a [...]
SEOUL, June 26 (Korea Bizwire) — LG Electronics Co. said Sunday it has acquired a domestic EV charging maker to advance into the EV charging solutions business amid a global electrification push. LG Electronics recently acquired a 60 percent stake in AppleMango Co. for an unspecified amount, with GS Energy Corp. and GS Neotek taking [...]
SEOUL, June 22 (Korea Bizwire) — LG Electronics Inc. said Wednesday it is joining hands with Kakao Mobility Corp., the country’s leading taxi-hailing firm, to develop mobility-related technologies and services, as the tech giant has been aggressively pushing to expand its business with the next growth engine. The two tech firms recently signed a memorandum [...]
SEOUL, June 21 (Korea Bizwire) — LG Electronics Inc. said Monday it had signed an agreement with Yonam College located in Cheonan, South Chungcheong Province to jointly study indoor gardening appliances. The college was founded by LG Group, the parent company of the South Korean tech giant. Under the terms of the agreement, the two [...]
SEOUL, June 20 (Korea Bizwire) — LG Electronics Inc. announced Sunday the unveiling of an artwork designed with the LG Signature OLED R TV at Art Basel 2022 held in Basel, Switzerland. Art Basel, which opened on Thursday, features the works of some 300 galleries from 40 countries. Anish Kapoor, a famous sculptor and artist, [...]
SEOUL, June 15 (Korea Bizwire) — LG Electronics Inc. said Wednesday that it will enter the fast-growing logistics market with its robotic technology as part of efforts to become an automated logistics solutions provider. The tech giant said it will sign a memorandum of understanding with major parcel delivery firm CJ Logistics Corp. later in [...]
SEOUL, May 25 (Korea Bizwire) — LG Electronics Inc. said Tuesday it will release a new model of the LG Room & TV, a dual-purpose product that can be used as smart TV and computer monitor. The new model is easy to install and move since it integrates a 27-inch IPS display with FHD (1,920 [...]
SEOUL, May 17 (Korea Bizwire) — LG Electronics Inc. announced that it will add a pet care cycle to its washers and dryers for customers with pets of their own. The upgrade will be applied to TROMM washer, dryer, mini washer and wash tower in the tech giant’s UP appliances, which can have new functions [...]
SEOUL, May 16 (Korea Bizwire) – LG Electronics Inc. announced the Korean market release of a new monitor called the DualUp that is optimized for those who need to multitask. The LG DualUp monitor features a 28 inch (70 centimeters diagonal) Nano IPS display and a unique 16:18 aspect ratio. The latest monitor has the [...]
SEOUL, April 28 (Korea Bizwire) — LG Electronics Inc. on Thursday said its first-quarter operating profit rose more than 6 percent from a year ago, fueled by sales of premium home appliances and one-off gains from patents licensing. Its operating income came in at a quarterly record of 1.88 trillion won (US$1.56 billion), marking a [...]