SEOUL, April 19 (Korea Bizwire) — LG Electronics Inc. on Monday said it has joined hands with Italian jewelry and luxury goods brand Bvlgari to promote its rollable TV to European customers. The world’s second-largest TV maker said it recently held events for high-end customers at Bvlgari shops in Switzerland to introduce the SIGNATURE OLED [...]
SEOUL, April 15 (Korea Bizwire) — LG Electronics Inc. said Thursday it will invest US$20.5 million to expand its washing machine factory in the United States in a move to meet growing demand in the country. The home appliance maker said the investment will create 334 new jobs at the plant in Clarksville, Tennessee, bringing [...]
SEOUL, April 15 (Korea Bizwire) — LG Electronics Inc. said Thursday it has formed ties with Dutch quantum algorithm developer Qu & Co to conduct joint research on quantum computing technology in a move to boost competitiveness in future technologies. Under the research agreement, the two companies will develop quantum computing technology for multiphysic simulations [...]
SEOUL, April 13 (Korea Bizwire) — South Korea’s two major electronics firms — Samsung Electronics Co. and LG Electronics Inc. — were among the top five players in the European smart home market in the fourth quarter of last year, a report showed Tuesday, as they push to increase connected devices amid the pandemic-induced stay-at-home [...]
SEOUL, April 8 (Korea Bizwire) — LG Electronics Inc. said Thursday it will offer extended software upgrades for its smartphones as the company is set to depart from the mobile business. LG’s mobile operating system (OS) update guarantee will be extended by one year. LG’s premium smartphone users can now get OS updates for three [...]
SEOUL, April 7 (Korea Bizwire) — LG Electronics Inc. on Wednesday expected its best-ever quarterly performance in the first quarter as its home appliance and TV sales apparently basked in pent-up demand amid the pandemic. In its earnings guidance, the South Korean tech firm projected its operating profit at 1.51 trillion won (US$1.3 billion) for [...]
SEOUL, April 7 (Korea Bizwire) — LG Electronics Inc. on Wednesday introduced its new solar modules that boast high efficiency as the South Korean tech giant aims to expand its presence in the clean energy sector. LG said its NeON H series solar modules will hit the shelves later this month starting in countries like [...]
SEOUL, April 6 (Korea Bizwire) — LG Electronics Inc. said Tuesday it plans to develop cross-platform artificial intelligence (AI)-powered services with KT Corp., South Korea’s major telecom operator, to expand use of its human-like algorithm. LG and KT plan to commercialize services that support AI platforms from both companies after developing a joint interface. The [...]
SEOUL, April 5 (Korea Bizwire) — Leaving its ill-fated mobile business behind, LG Electronics Inc., South Korea’s No. 2 tech firm, will zero in on bolstering promising sectors, like vehicle components, connected devices and artificial intelligence (AI), industry observers said Monday, hoping that the segments will fill the hole left by its money-losing unit. LG [...]
SEOUL, April 5 (Korea Bizwire) – LG Electronics Inc.’s withdrawal from the mobile business is likely to help its bigger rivals such as Samsung Electronics Co. expand their presence in the sector at home and abroad, industry observers said Monday, as there are limited alternatives for local consumers. After years of money-losing performance, LG said [...]