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 [...]
SEOUL, Sept. 8 (Korea Bizwire) — LG Electronics Inc. said Wednesday that it has been recognized as an international certification institute to test the functional safety of automotive software as the South Korean tech giant eyes to expand its business in the automotive sector. LG said its software testing center was accredited by the Korea [...]
SEOUL, Sept. 3 (Korea Bizwire) — Austrian automotive lighting system firm ZKW Group, which was purchased by LG Electronics Inc. in 2018, said Thursday that it will more than double the size of a plant in Mexico to expand production output. ZKW’s Silao plant in Mexico has been engaged in the production of premium lighting [...]
SEOUL, Aug. 25 (Korea Bizwire) — LG Electronics Inc. on Wednesday introduced a cloud-powered remote healthcare solution for hospitals as the tech giant eyes to expand its presence in the telehealth market. LG said its remote healthcare solution with medical-use displays is based on virtual conference platforms and can be used for online diagnoses of [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s top two TV makers — Samsung Electronics Co. and LG Electronics Inc. — represented half of the global TV market in the first half of the year, a report showed Tuesday, as they maintained their leadership in the premium segment. Samsung accounted for 31 percent of the [...]