SEOUL, Jun. 18 (Korea Bizwire) — LG Electronics Inc. said Tuesday it will pay out 90 billion won (US$65.2 million) in dividends to its shareholders for the first half as part of plans to increase shareholder value. Shareholders will receive 500 won per share on June 30, according to the company in a filing. This [...]
SEOUL, Jun. 17 (Korea Bizwire) – LG Electronics has unveiled a premium experience space called “Another Hanok” in Madrid, Spain, designed to showcase its AI-powered appliances and energy-efficient heating, ventilation, and air conditioning (HVAC) solutions, the company announced on June 16. Another Hanok is a traditional Korean-style building outfitted with LG Electronics’ high-efficiency energy products, achieving [...]
SEOUL, Jun. 10 (Korea Bizwire) – In an effort to foster a culture of giving in daily life, LG Electronics announced on June 9 that it will operate Donation Kiosks to enable employees to easily engage in charitable activities. The Donation Kiosks have been installed at the LG Twin Towers, as well as the company’s facilities [...]
Clarksville, Tennessee, Jun. 5 (Korea Bizwire) – LG Electronics is considering producing home appliances beyond just washers and dryers in the United States, bracing for a potential deterioration in the trade environment following the results of the U.S. presidential election in November. The South Korean company began manufacturing washers in the U.S. during Donald Trump’s first [...]
SEOUL, Jun. 3 (Korea Bizwire) – LG Electronics is introducing a new refrigerator brand called STEM that directly connects to a water line to produce purified water and ice. The company plans to expand the STEM lineup to more than half of its premium French-door refrigerator models and position it as a driving force for its [...]
SEOUL, May 29 (Korea Bizwire) – LG Electronics is embarking on a worldwide “Life’s Good” brand campaign aimed at disseminating an optimistic outlook to future generations through partnerships with renowned social media influencers. Beginning May 29, the company will harness social media algorithms to proliferate uplifting content online in an initiative called “Filling Social Media With [...]
SEOUL, May 29 (Korea Bizwire) – LG Electronics has announced its commitment to fostering sustainable ecosystems worldwide, putting into practice its ESG (Environmental, Social, and Governance) vision of “A Better Life for All.” In Spain and Portugal, LG’s Spanish subsidiary is spearheading the ‘Smart Green Tree’ reforestation campaign, planting seed bombs – a mixture of soil, [...]
SEOUL, May 27 (Korea Bizwire) – LG Electronics orchestrated a large-scale picnic on the Champs-Élysées in Paris on May 26 to celebrate the local launch of its MoodUP InstaView refrigerator. Coinciding with the city’s monthly car-free day that closes the iconic avenue to traffic, LG took the opportunity to organize its own promotional festivities. The company [...]
SEOUL, May 17 (Korea Bizwire) – LG Electronics is experiencing robust growth in its appliance subscription service, with projections indicating the company will reach the 1 trillion won sales mark for the first time this year in this burgeoning sector. In its first-quarter report released on May 16, LG Electronics announced that its appliance subscription business [...]
SAN FRANCISCO, May 13 (Korea Bizwire) – At Ridge Vineyards, a renowned winery in Cupertino offering a distant view of Apple’s headquarters, some 50 Korean AI experts gathered on May 11, lured by an LG Electronics recruiting initiative. The invitees included AI specialists working at major tech companies and startups in Silicon Valley, Seattle and Los [...]