SEOUL, April 28 (Korea Bizwire) — LG Electronics Inc. on Thursday said its first-quarter operating profit rose more than 6 percent from a year ago, fueled by sales of premium home appliances and one-off gains from patents licensing. Its operating income came in at a quarterly record of 1.88 trillion won (US$1.56 billion), marking a [...]
SEOUL, April 21 (Korea Bizwire) — Austrian automotive light maker ZKW Group, a subsidiary of South Koran tech giant LG Electronics Inc., said Thursday that it will supply smart digital lighting for the all-new Range Rover. The lighting system comes with significantly smaller, glare-free LED headlights, which “increase comfort, enhance road safety and mark the [...]
SEOUL, April 20 (Korea Bizwire) — LG Electronics Inc. said Wednesday LG Magna e-Powertrain, its joint venture with Canadian auto parts maker Magna International Inc., is building a new plant in Mexico to supply electric car parts for General Motors. The 260,000-square-meter plant in the Mexican city of Ramos Arizpe will be LG Magna e-Powertrain’s [...]
SEOUL, April 7 (Korea Bizwire) — LG Electronics Inc. on Thursday estimated its first-quarter operating profit to rise 6.4 percent from a year ago, driven by its strong home appliance and TV businesses, as well as one-off patent profits. In its earnings guidance, the South Korean tech firm projected its January-March operating profit at 1.88 [...]
SEOUL, April 1 (Korea Bizwire) — LG Electronics Inc.’s OLED TV commercial won the best prize at the South Korean advertising awards. The Korea Advertising Society selected the LG OLED TV commercial as a Grand Prix at its 29th Annual Ads of the Year. The ad, titled “Humanity,” begins with a text that says ‘many [...]
SEOUL, March 25 (Korea Bizwire) — A pop-up store that brings back an old arcade through LG Electronics Inc.’s OLED TVs is reopening in Seongsu-dong in eastern Seoul. The company said Thursday that Goldstar Arcade, which first opened last year, will reopen next month. Goldstar is the LG’s old brand. The arcade has been a [...]
SEOUL, March 22 (Korea Bizwire) — LG Electronics Inc. has kept its vow to provide warranty services for smartphones, even after its complete withdrawal from the loss-making mobile phone business in July of last year. The tech giant is currently distributing the latest Android upgrade for its mid-range smartphone LG Velvet, industry sources said. The [...]
SEOUL, March 20 (Korea Bizwire) — South Korean tech giant LG Electronics Inc. said Sunday it has suspended shipments to Russia due to difficulties in the global offshore logistics. LG said in a statement that it is “suspending all shipments to Russia and will continue to keep a close watch on the situation as it [...]
SEOUL, March 8 (Korea Bizwire) — LG Electronics Inc.’s cordless vacuum cleaners were named as the best models by a renowned U.S. consumer magazine. In its latest evaluation of the best vacuum cleaners, Consumer Reports picked LG’s CordZero A9S and CordZero A9 as recommended models in the cordless stick vacuum cleaner category. The LG CordZero [...]
SEOUL, March 4 (Korea Bizwire) — LG Electronics Inc. said Thursday it has launched a new indoor gardening appliance that allows users to grow plants on top of dining tables. LG tiiun mounted with seed kits, allows users to grow plants simply by inserting water and nutrients and turning on the light. Since it has [...]