SEOUL, July 28 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has completed its stock sales deal with Canadian auto parts maker Magna International Inc. over their electric vehicle (EV) powertrain joint venture. The South Korean tech giant announced that Magna has acquired a 49 percent stake in LG Magna e-Powertrain Co. for US$453 [...]
SEOUL, July 26 (Korea Bizwire) — LG Electronics Inc. on Monday unveiled its upgraded wireless earbuds with enhanced sound and hygiene features as the tech giant eyes to increase wearable sales. Three new models of the LG TONE Free — TONE-TFP9, TONE-TFP8 and TONE-TFP5 — were launched in South Korea with prices ranging from 169,000 [...]
SEOUL, July 21 (Korea Bizwire) — LG Electronics Inc. said Wednesday it plans to switch all of its company cars to environmentally friendly vehicles by 2030, joining South Korea’s efforts to reduce emissions of greenhouse gases largely responsible for global warming. The home appliances maker said it would change 90 percent of its company cars [...]
SEOUL, July 19 (Korea Bizwire) — LG Electronics Inc. said Monday its new compact sound bar will be available in the market as the South Korean tech giant eyes to beef up its presence in the home audio market. LG Eclair will be launched in North America later this month and will hit the shelves [...]
SEOUL, July 16 (Korea Bizwire) — LG Electronics Inc. on Thursday unveiled a wireless screen that can easily be moved around one’s home, targeting the customer group who wants to spend time in their own spaces. The newly-unveiled LG StanbyME TV features a moving stand design that is distinguished from existing TVs. With wheels at [...]
SEOUL, July 16 (Korea Bizwire) — With its exit from a loss-making mobile business scheduled to be formalized on July 31, LG Electronics Inc. recently completed the task of reassigning employees from the mobile communications (MC) business unit, a process that began in April. According to LG Group, the parent of South Korean tech powerhouse, [...]
SEOUL, July 15 (Korea Bizwire) — Robostar Co., a robot manufacturing subsidiary of LG Electronics Inc., is now at a turning point for full-scale growth with the South Korean tech giant selecting the robot business as one of its future cash cows. The company is now hiring a large number of new and experienced employees [...]
SEOUL, July 13 (Korea Bizwire) — LG Electronics Inc. on Tuesday unveiled a new delivery robot that can serve both indoor and outdoor environments as the South Korean tech giant tries to expand its competitiveness in the robotics sector. LG introduced its indoor-outdoor delivery robot at the 18th International Conference on Ubiquitous Robots in Gangneung, [...]
SEOUL, July 13 (Korea Bizwire) — LG Electronics Inc. said Tuesday its TV factory in South Africa has burned down as rioters turned violent there. LG said its TV manufacturing and distribution facilities in Durban, eastern South Africa, were plundered Monday (local time) by protestors who are against the imprisonment of former President Jacob Zuma. [...]
SEOUL, July 7 (Korea Bizwire) — LG Electronics Inc. said Wednesday it expected a solid performance in the second quarter as its home appliance business apparently continued to ride on robust demand of premium products amid the pandemic. In its earnings guidance, the South Korean tech giant projected its operating profit at 1.1 trillion won [...]