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 [...]
SEOUL, March 8 (Korea Bizwire) — LG Electronics Inc. said Tuesday it was launching a string of new seed kits for its indoor gardening appliance Tiiun with the spring coming. LG released three types of new seed kits, including rose moss, opal basil and dill. The kits are the first product of the joint study [...]
SEOUL, March 3 (Korea Bizwire) — LG Electronics Inc. on Thursday unveiled a new concept of residential space offering a distinguished customer experience by converging space with home electronics and services. The conpect, tentatively named LG Smart Cottage, is a small modular house equipped with LG’s advanced energy and air conditioning technology and filled with [...]
SEOUL, Feb. 27 (Korea Bizwire) — LG Electronics Inc. announced that it will open up free laundromats and mobile service centers in the parts of Turkey recently devastated by a series of earthquakes. The company has set up some 120 washing machines and dryers at eight temporary shelters in Mersin and Tarsus. LG will deploy [...]