SEOUL, Feb. 23 (Korea Bizwire) — LG Electronics Inc. said Wednesday that it decided to discontinue its solar panel business due to rising costs and fierce competition. The decision came “as uncertainties in the global solar panel business continue to increase due to a variety of factors, including price competition and the rising cost of [...]
SEOUL, Feb. 22 (Korea Bizwire) — LG Electronics Inc. shipped more than four million units of premium OLED TVs last year, double the volume from a year earlier, on steady demand for premium TVs, a report showed Tuesday. The South Korean consumer electronics giant shipped a total of 4.04 million OLED TVs last year, with [...]
SEOUL, Feb. 18 (Korea Bizwire) — LG Electronics Inc. will mount a non-fungible token (NFT) digital art platform on its LED signage. The company announced that it had formed a partnership with the U.S. digital art platform Blackdove and will mount Blackdove’s digital art platform on the LED signage it releases in the global market. [...]
SEOUL, Feb. 16 (Korea Bizwire) — LG Electronics Inc.’s lightweight, large-screen Gram laptop has topped performance assessments conducted by the U.S. magazine. Consumer Reports, which publishes authoritative monthly reviews and comparisons of consumer products and services, reported Tuesday that LG’s newest 16-inch, 2021 Gram model scored 91 out of 100 to receive the highest score [...]
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 [...]