SEOUL, Oct. 12 (Korea Bizwire) — LG Electronics Inc. on Tuesday estimated its third-quarter operating profit to drop nearly by half from a year earlier largely due to a recall provision cost. In its earnings guidance, the South Korean tech firm estimated its July-September operating profit at 540.7 billion won (US$451 million), down 49.6 percent [...]
SEOUL, Oct. 7 (Korea Bizwire) — LG Electronics Inc. said Thursday it will expand its partnership with Italian luxury furniture maker Molteni&C S.P.A. to better promote its high-end brand LG Signature. The two sides last year signed a deal to collaborate on marketing, promotion and product development related with LG Signature home appliances, Molteni&C residential [...]
SEOUL, Oct. 6 (Korea Bizwire) — LG Electronics Inc. said Wednesday its Advanced Driver Assistance Systems (ADAS) front camera co-developed with Daimler AG will be used in Mercedes-Benz C-Class vehicles. An ADAS front camera, usually tucked between the windshield and the rearview mirror, is considered the “eye” of a smart vehicle as it collects various [...]
SEOUL, Oct. 5 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has expanded its technology discussion group as the company tries to better explore its future growth engines. LG Electronics said its Innovation Council now involves other LG Group affiliates, including South Korea’s No. 1 chemical company LG Chem Ltd., telecommunications giant LG Uplus [...]
SEOUL, Sept. 29 (Korea Bizwire) — LG Electronics Inc. is likely to report solid third-quarter earnings, analysts said Wednesday, as its mainstay home appliance business is expected to offset a slump from vehicle components and B2B units. The South Korean tech giant was projected to log a record 18.3 trillion won (US$15.4 billion) in sales [...]
SEOUL, Sept. 28 (Korea Bizwire) — LG Electronics Inc. said Monday that it will carry out its global donation campaign LG Come Home Challenge in a customer participation format using metaverse platforms. The company plans to operate a home electronics experience zone under the concept of ‘healthy life’ at metaverse gaming platforms such as the [...]
SEOUL, Sept. 23 (Korea Bizwire) — LG Electronics Inc. said Thursday it has signed a deal to acquire a stake in Israel-based automotive cybersecurity firm Cybellum in a move to strengthen its growing auto parts business. The South Korean tech giant said it will purchase a 63.9 percent stake in Cybellum and plans to jack [...]
SEOUL, Sept. 16 (Korea Bizwire) – LG Electronics Inc. said Thursday the first phase of home appliance manufacturing facility upgrades at its main production base in South Korea has been completed as the company aims to improve productivity with a better automation system. The tech giant said its reconstructed production building at LG Smart Park [...]
SEOUL, Sept. 15 (Korea Bizwire) — LG Electronics Inc. on Wednesday said it will launch a new online education-dedicated notebook next month in partnership with South Korea’s internet portal giant Naver Corp. LG will release “Whalebook,” a cloud-optimized laptop powered by Naver’s Whale operating system (OS), suitable for its online education platform Whale Space. The [...]
SEOUL, Sept. 9 (Korea Bizwire) — LG Electronics Inc., a major home appliance maker in South Korea, said Thursday it will expand use of recycled plastics to meet its environment goals. LG aims to use a total of 600,000 tons of recycled plastics by 2030, with its initial goal targeting 200,000 tons by 2025. Last [...]