SEOUL, Sept. 3 (Korea Bizwire) — Austrian automotive lighting system firm ZKW Group, which was purchased by LG Electronics Inc. in 2018, said Thursday that it will more than double the size of a plant in Mexico to expand production output. ZKW’s Silao plant in Mexico has been engaged in the production of premium lighting [...]
SEOUL, Aug. 25 (Korea Bizwire) — LG Electronics Inc. on Wednesday introduced a cloud-powered remote healthcare solution for hospitals as the tech giant eyes to expand its presence in the telehealth market. LG said its remote healthcare solution with medical-use displays is based on virtual conference platforms and can be used for online diagnoses of [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s top two TV makers — Samsung Electronics Co. and LG Electronics Inc. — represented half of the global TV market in the first half of the year, a report showed Tuesday, as they maintained their leadership in the premium segment. Samsung accounted for 31 percent of the [...]
SEOUL, Aug. 20 (Korea Bizwire) — LG Electronics Inc. said Friday it has joined hands with Hyundai Elevator Co. to seek business opportunities in smart home and building solutions. LG will work with the country’s largest elevator manufacturer to develop robot logistics services in which autonomous bots deliver parcels and food at apartments, office buildings [...]
SEOUL, Aug. 19 (Korea Bizwire) — LG Electronics Inc. on Thursday said it has successfully demonstrated 6G data transmission using the terahertz spectrum as the South Korean tech giant tries to move ahead in the next-generation communication technology. LG succeeded in sending 6G terahertz wireless communication signals 100 meters in an outdoor environment in collaboration [...]
SEOUL, Aug. 12 (Korea Bizwire) — LG Electronics Inc. on Thursday released new ultrasonic cleansing devices for body and facial care as the tech giant tries to expand its presence in the beauty appliance market. LG Pra. L Bodyspa for body care will be sold at 499,000 won (US$430), while LG Pra. L Washpop for [...]
SEOUL, Aug. 10 (Korea Bizwire) — LG Electronics Inc. on Tuesday said it will expand its streaming service on smart TVs as the tech giant tries to increase its presence amid the pandemic-driven stay-at-home trend. The South Korean company said LG Channels will be launched in an additional 11 European countries, including Switzerland and the [...]
SEOUL, July 30 (Korea Bizwire) — LG Electronics Inc. has teamed up with the state-run utility Korea Electric Power Corp. (KEPCO) to develop an energy-saving service for households. The two parties signed a memorandum of understanding (MOU) on Thursday to develop an “electricity data and artificial intelligence (AI)-based customer experience-type home energy service.” The South [...]
SEOUL, July 29 (Korea Bizwire) — LG Electronics Inc. on Thursday said it expected a solid third-quarter performance with growth in its auto parts business after delivering strong second-quarter results on the back of its home appliance unit amid the pandemic. The South Korean tech giant said its operating profit spiked 65.5 percent to 1.11 [...]
SEOUL, July 28 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has completed its stock sales deal with Canadian auto parts maker Magna International Inc. over their electric vehicle (EV) powertrain joint venture. The South Korean tech giant announced that Magna has acquired a 49 percent stake in LG Magna e-Powertrain Co. for US$453 [...]