SEOUL, June 1 (Korea Bizwire) — LG Electronics Inc. is fast converting its overseas smartphone manufacturing lines into facilities that produce home appliances, industry insiders said Tuesday, following its decision to withdraw from the mobile business. LG said the Brazilian government last month approved its plan to expand its Manaus plant in Amazonas, northwestern Brazil, [...]
SEOUL, May 31 (Korea Bizwire) — LG Electronics Inc. said Monday its new gaming monitor will be available in South Korea this week as the tech giant aims to expand its sales amid the pandemic-driven stay-at-home trend. LG’s latest 32-inch UltraGear monitor, 32GP850, will hit local shelves Tuesday with a price tag of 799,000 won [...]
SEOUL, May 26 (Korea Bizwire) — LG Electronics Inc. said Wednesday it will run some of its shops in South Korea clerkless during nighttime as the home appliance maker tries to attract more consumers amid the pandemic-induced contactless trend. LG said its nine stores, including six shops in Seoul, will operate without clerks from 8:30 [...]
SEOUL, May 25 (Korea Bizwire) — Samsung Electronics Co. maintained its status as the world’s leading TV vendor with a record market share in the first quarter, a report showed Tuesday, as the tech giant posted robust growth on the back of its QLED and large TVs. Samsung represented 32.9 percent of the global TV [...]
SEOUL, May 17 (Korea Bizwire) — LG Electronics Inc. on Monday introduced wireless charging solutions for electric scooters as the South Korean tech giant eyes to expand its presence in the mobility sector. LG said it has established electric scooter wireless charging stations in Bucheon, west of Seoul, in partnership with local electric scooter sharing [...]
SEOUL, May 13 (Korea Bizwire) — LG Electronics Inc. is joining the efforts to help India, where the coronavirus pandemic has taken a drastic turn for the worse. LG Electronics India announced Wednesday that it will donate 6 billion won (US$5.3 million) to build temporary hospitals in India’s 10 major cities including Delhi and Bengaluru, [...]
SEOUL, May 5 (Korea Bizwire) — LG Electronics Inc. has partnered with GS Retail Co., the operator of convenience store chain GS25, to expand its indoor robot delivery service. At the GS25 convenience store located within the GS Tower in Seoul’s Gangnam neighborhood, the South Korean tech giant recently launched an indoor robot delivery service [...]
SEOUL, May 3 (Korea Bizwire) — Keen market attention is now focused on the future performance of LG Electronics Inc.’s home appliance and air solution (H&A) unit following its record earnings in the first quarter of the year, analysts said Monday. LG Electronics said Thursday the operating profit of its H&A division came to an [...]
SEOUL, April 29 (Korea Bizwire) — LG Electronics Inc. on Thursday reported its best-ever quarterly earnings in the first quarter on the back of robust home appliance sales. The South Korean tech giant said it logged a net profit of 1.17 trillion won (US$1.05 billion) in the January-March period on a consolidated basis, up from [...]
SEOUL, April 26 (Korea Bizwire) — LG Electronics Inc. is recycling packaging for home appliances to help animals live out a happy life. Starting this year, the company will be donating 400 cardboard boxes used to pack washing machines, refrigerators, air conditioners, and other home appliances every year to the Animal Enrichment Program run by [...]