SEOUL, March 26 (Korea Bizwire) — South Korean tech giant LG Electronics Co. has been accused of avoiding proper compensation for inventions. Some 60 current and former LG employee reportedly filed a lawsuit against the company in 2018 for failing to pay for a number of inventions. Among those inventions include smartphone software that LG [...]
SEOUL, March 25 (Korea Bizwire) — LG Electronics Inc. has invested more than 4 trillion won (US$3.5 billion) in its automotive business in the recent five years, its report showed Thursday, as the South Korean tech giant eyes beefing up its future growth engine. The investment from LG’s vehicle component solutions (VS) division was 587.8 [...]
SEOUL, March 24 (Korea Bizwire) — Shareholders of LG Electronics Inc. on Wednesday approved the company’s plan to split off some of its electric vehicle (EV) components business to set up a joint venture (JV) with Canadian auto parts maker Magna International Inc. The shareholders passed LG’s proposal to carve out the EV powertrain business [...]
SEOUL, March 24 (Korea Bizwire) — LG Electronics Inc. said Wednesday it will supply a commercial energy storage system (ESS) in Hawaii as the South Korean tech giant eyes to expand overseas sales of efficient power management solutions. A consortium of South Korean and United States entities, including LG, the University of Hawaii and the [...]
SEOUL, March 23 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has joined forces with two other partners to develop next-generation 6G network technology. LG signed a partnership with Keysight Technologies Inc., a U.S.-based electronics test and measurement firm, and the Korea Advanced Institute of Science & Technology (KAIST), South Korea’s leading research university. [...]
SEOUL, March 22 (Korea Bizwire) — LG Electronics Inc. is still mulling the fate of its money-losing mobile business, industry insiders said Monday, amid rumors that the South Korean tech giant may shut down the unit instead of selling it. In January, LG announced its mobile communications division is open to “all possibilities” for its [...]
SEOUL, March 16 (Korea Bizwire) — LG Electronics Inc. is aggressively expanding production capacity of its automotive business, a report showed Tuesday, as the South Korean tech giant focuses on bolstering its future growth engine. Production capacity of LG’s vehicle component solutions (VS) division, which manufactures telematics and audio-video-navigation components, reached 29.57 million units last [...]
SEOUL, March 12 (Korea Bizwire) — LG Electronics Inc. said Friday its joint venture with Swiss-based software firm Luxoft has been launched as the South Korean company eyes to expand its presence in automotive solutions. Their joint venture Alluto is headquartered in Santa Clara, California, and will provide solutions for digital cockpit, in-vehicle infotainment, passenger-seat [...]
SEOUL, March 9 (Korea Bizwire) – LG Electronics Inc., a major home appliance maker in South Korea, said Tuesday it has won a patent infringement suit against Chinese electronics giant TCL over mobile technology-related patent infringement. A district court in Mannheim, Germany, recently ruled in favor of LG Electronics in one of three LTE standard [...]
SEOUL, March 8 (Korea Bizwire) — LG Electronics Inc. has revamped its overseas auto parts production bases, industry insiders said Monday, in a move to beef up its automotive solutions business for future growth. LG recently completed closure of its plant in Kunshan, southeastern China, which had been producing vehicle infotainment components, such as audio, [...]