SEOUL, Feb. 9 (Korea Bizwire) – Global TV shipments are forecast to slightly rebound this year amid falling LCD panel prices, with high-end TVs continuing to enjoy robust growth, industry reports said Tuesday. The industry tracker Trendforce expected global TV shipments to reach around 217 million units this year, up 3.4 percent from a year [...]
SEOUL, Jan. 27 (Korea Bizwire) — LG Electronics Inc. on Thursday said its operating profit fell 21 percent in the fourth quarter from a year earlier due to a hike in logistics and raw material costs and weaker-than-expected holiday spending on home appliances. Operating profit slumped to 677.7 billion won (US$563 million) in the October-December [...]
SEOUL, Jan. 25 (Korea Bizwire) — LG Electronics Inc. said Tuesday it will roll out upgradable home appliances to better serve consumers’ varying needs, in what it said could be a major shift from selling products to offering improved consumer experiences. The tech giant said users will be able to easily update their home appliances [...]
SEOUL, Jan. 24 (Korea Bizwire) — LG Electronics Inc. said Monday it will show off the real-life version of its futuristic self-driving vehicle next month. The LG Omnipod, a mobility concept solution that can serve as “a home office, an entertainment center or even a lounge,” will be on display at a mobility fair at [...]
SEOUL, Jan. 12 (Korea Bizwire) — LG Electronics Inc.’s virtual influencer Reah Keem is debuting as a singer. The electronics giant on Tuesday signed a memorandum of understanding with South Korean entertainment company Mystic Story, which was established by singer-songwriter Yoon Jong-shin, in preparation for Keem’s debut. In accordance with the agreement, she will appear [...]
SEOUL, Jan. 7 (Korea Bizwire) — LG Electronics Inc. estimated Friday its fourth-quarter sales reached a record quarterly high, apparently backed by its strong home appliance business, but the operating profit is likely to sink due largely to increased logistics costs. The company expected to log 21 trillion won (US$17.5 billion) in sales for the [...]
LAS VEGAS, Jan. 5 (Korea Bizwire) — LG Electronics Inc. on Wednesday welcomed visitors to its massive booth, physically and virtually, at the Consumer Electronics Show (CES) in Las Vegas, offering an alternative approach to exhibiting its latest technology innovations amid the raging pandemic. LG Electronics virtually presented its new consumer electronics products, ranging from an [...]
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 [...]