SEOUL, Jan. 4 (Korea Bizwire) — LG Electronics Inc. on Tuesday unveiled its 2022 TV lineup that includes the world’s biggest OLED TV as the South Korean tech giant seeks to expand its presence in the premium TV market. The world’s largest OLED TV maker said it will debut the world’s biggest and smallest OLED [...]
SEOUL, Dec. 31 (Korea Bizwire) — South Korean electronics giant LG Electronics Inc. has launched a drive to develop a commercial washing machine that can wash clothes using carbon dioxide instead of water. The commercialization of this technology has been virtually impossible in the country due to strict safety regulations. The Ministry of Trade, Industry [...]
SEOUL, Dec. 21 (Korea Bizwire) — LG Electronics Inc.’s new CEO Cho Joo-wan recently visited Austrian automotive light maker ZKW Group, people with knowledge of the matter said Tuesday, in a sign the South Korean tech giant is looking to enhance its advanced car parts business. Cho made his first overseas trip to the LG [...]
SEOUL, Dec. 17 (Korea Bizwire) — The prolonged pandemic has significantly changed how people spend their time at home, which became the location for everything from exercise to work. To some, it became a primary place to garden. LG Electronics Inc. has rolled out an automated indoor gardening appliance, LG tiiun, which means “to sprout” [...]
SEOUL, Dec. 15 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc., South Korea’s two biggest consumer electronics companies, will unveil a slew of innovative products at the upcoming Consumer Electronics Show (CES) set to open early next month in Las Vegas. The two companies are among the approximately 1,700 businesses from around the [...]
SEOUL, Dec. 1 (Korea Bizwire) — LG Electronics Inc. said Tuesday it had built the nation’s largest single-site peak shaving energy storage system (ESS) at KG Dongbu Steel’s plant in Dangjin, 123 kilometers south of Seoul. A peak shaving ESS stores electricity in a battery during off-peak hours at night when electricity use and prices [...]
SEOUL, Nov. 12 (Korea Bizwire) — LG Electronics Inc. has announced plans to launch an automotive augmented reality (AR) software business after years of striving to grow its automotive electronics business into a future cash cow. The South Korean tech giant said Thursday that it will kick-start operations to provide AR software solutions to automakers. [...]
SEOUL, Nov. 5 (Korea Bizwire) — LG Electronics Inc. said Thursday it will operate an LG CLOi GuideBot at Seoul Racecourse Park located in Gwacheon, south of Seoul in collaboration with the Korea Racing Authority, South Korea’s horse racing authority. Starting from Friday, the robot will fulfill the role of welcoming visitors and offering information [...]
SEOUL, Oct. 28 (Korea Bizwire) — LG Electronics Inc. said Thursday its net profit dropped 20.4 percent on-year in the third quarter due to costs incurred in a recall of General Motor’s Bolt electric vehicles. The South Korean tech giant said in a regulatory filing that net income came to 516.5 billion won (US$440 million) [...]
SEOUL, Oct. 12 (Korea Bizwire) — LG Electronics Inc. on Tuesday estimated its third-quarter operating profit to drop nearly by half from a year earlier largely due to a recall provision cost. In its earnings guidance, the South Korean tech firm estimated its July-September operating profit at 540.7 billion won (US$451 million), down 49.6 percent [...]