SEOUL, Aug. 31 (Korea Bizwire) — LG Electronics Inc. said Tuesday it will unveil the Styler Shoecase and Shoecare at the Internationale Funkausstellung (IFA), the biggest annual electronics fair in Europe, set to open on Sept. 2. The total shoe care solution stores shoes at an optimum humidity and temperature and can also be used to [...]
SEOUL, Aug. 29 (Korea Bizwire) — LG Electronics Inc. said Monday it will showcase the world’s largest organic light-emitting diode (OLED) TV at the upcoming electronics show in Berlin, as it looks to expand its portfolio of large OLED TVs and solidify its leadership in the premium TV segment. LG said it will unveil a [...]
SEOUL, July 29 (Korea Bizwire) – LG Electronics Inc. on Friday said its second-quarter operating profit decreased 12 percent on-year amid rampant inflation that hurt consumer demand for TVs and other home appliances. Its operating income came in at 792 billion won (US$609 million) for the April-June quarter, falling short of analysts’ expectations surveyed by [...]
SEOUL, July 29 (Korea Bizwire) — Austrian automotive light maker ZKW Group, a subsidiary of South Koran tech giant LG Electronics Inc., said Thursday that it will invest US$102 million to expand its Silao plant in Mexico. The plant has been engaged in manufacturing premium lighting systems since 2016. With this investment, the plant’s floor [...]
SEOUL, July 7 (Korea Bizwire) — LG Electronics Inc. on Thursday estimated its second-quarter operating profit decreased 12 percent year-over-year on weaker demand for TV and home appliances amid rising inflation and raw material costs. Its earnings guidance for the April-June period showed the tech company’s operating profit declined 12 percent from a year ago [...]
SEOUL, July 6 (Korea Bizwire) — LG Electronics Inc. announced that one of the company’s OLED TVs had been selected as the Best OLED TV at the 2022 Summer Best Buy Awards hosted by HiVi, one of most powerful HiFi magazines in Japan. HiVi selects the best LCD and OLED televisions from each screen size. The LG OLED [...]
SEOUL, July 5 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has secured 8 trillion won (US$6.1 billion) worth of new orders for electric vehicle (EV) parts and solutions in the first half, a sign that its new growth engine is gaining ground. While the South Korean tech company did not reveal the details [...]
SEOUL, June 30 (Korea Bizwire) — LG Electronics said Thursday it has set up a joint venture with SM Entertainment, the K-pop agency behind aespa and NCT Dream, to tap into the growing home fitness market. LG Electronics CEO Cho Joo-wan expressed hope the new joint venture, Fitness Candy, will elevate LG from being a [...]
SEOUL, June 26 (Korea Bizwire) — LG Electronics Co. said Sunday it has acquired a domestic EV charging maker to advance into the EV charging solutions business amid a global electrification push. LG Electronics recently acquired a 60 percent stake in AppleMango Co. for an unspecified amount, with GS Energy Corp. and GS Neotek taking [...]
SEOUL, June 22 (Korea Bizwire) — LG Electronics Inc. said Wednesday it is joining hands with Kakao Mobility Corp., the country’s leading taxi-hailing firm, to develop mobility-related technologies and services, as the tech giant has been aggressively pushing to expand its business with the next growth engine. The two tech firms recently signed a memorandum [...]