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 [...]
LAS VEGAS, Jan. 4 (Korea Bizwire) — LG Electronics Inc. will continue to diversify its business portfolio well beyond home appliances and seek new ways to drive growth, its top executive said Wednesday. “While continuing to invest in its core business technologies like artificial intelligence and 6G, LG is expanding its business into electric vehicle charging, [...]
LAS VEGAS, Jan. 2 (Korea Bizwire) — LG Electronics Inc. unveiled a vision for its TV business on Monday ahead of the opening of CES 2023, emphasizing connectivity and customization. The consumer electronics giant will dedicate itself to fulfilling the vision of Sync to You, Open to All, it said, based on its advanced organic light-emitting [...]
SEOUL, Dec. 28 (Korea Bizwire) — LG Electronics Inc. on Tuesday held a completion ceremony for a peak shaving energy storage system (ESS) at its home appliances factory LG Smart Park in Changwon, South Gyeongsang Province. The system is designed to contribute to lowering the burden of electricity charges as well as to reducing greenhouse [...]