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 [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korean tech giant LG Electronics Inc. said Sunday it has showcased non-fungible token (NFT) artworks on its next-generation organic light-emitting diode (OLED) TVs at an art exhibition in the United States. The firm has partnered with American sculptor Barry X Ball to exhibit his artworks, including a 39-second-long [...]
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 [...]