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, [...]
SEOUL, March 5 (Korea Bizwire) — The rental business of LG Electronics Inc., a major home appliance maker in South Korea, experienced sharp growth last year, a report showed Friday, as the company eyes to further boost its competitiveness in the sector riding on the rise of the pandemic-induced stay-at-home economy. Sales of LG’s rental [...]
SEOUL, March 2 (Korea Bizwire) — LG Electronics Inc., a major home appliance maker in South Korea, said Tuesday that the cumulative production of its steam closet has surpassed 1 million units. Domestic models of LG Tromm Styler, a clothing care appliance that made its debut in 2011, surpassed 1 million units in cumulative production [...]
SEOUL, Feb. 26 (Korea Bizwire) — LG Electronics Inc., a major home appliance maker in South Korea, said Friday it has opened its first premium shop in Latin America in a move to further boost sales in the region. LG Brand Shop for the South and Central American region is in Panama City, Panama, with [...]
SEOUL, Feb. 24 (Korea Bizwire) – LG Electronics Inc. said Wednesday its smart TV platform will be used by other TV makers this year as the company eyes boosting its software capability. LG said some 20 TV manufacturers, including RCA, Konka and Ayonz, will release TVs installed with its webOS platform. To attract more TV [...]
SEOUL, Feb. 22 (Korea Bizwire) — LG Electronics Inc., a South Korean tech firm, may scrap a plan to develop a smartphone with a rollable display, industry observers here said Monday, amid growing speculation that the South Korean tech giant will ditch its money-losing mobile business. LG reportedly told its parts suppliers, including Chinese display [...]
SEOUL, Feb. 22 (Korea Bizwire) — LG Electronics Inc. on Monday launched new office-use laser projectors as the South Korean home appliance maker eyes to expand its presence in the business projector market. Two new models of LG ProBeam laser projectors — BUPST and BF60PST — are available in South Korea, according to the company. [...]
SEOUL, Feb. 19 (Korea Bizwire) — Global rating agency Moody’s Investors Service on Friday upgraded credit ratings of LG Electronics Inc. for the first time in seven years after the South Korean tech giant reported record earnings last year. Moody’s raised the ratings of LG Electronics to Baa2 from Baa3, with its ratings outlook remaining [...]
SEOUL, Feb. 9 (Korea Bizwire) — Chinese electronics giant Skyworth has apologized over misusing an image of LG Electronics Inc.’s rollable TV during its presentation at a tech expo last month, industry insiders said Tuesday, following the South Korean tech firm’s complaint. Skyworth USA Corp., the American unit of Skyworth, recently issued a statement acknowledging [...]
SEOUL, Feb. 9 (Korea Bizwire) — LG Electronics Inc. said Tuesday some of its electric vehicle (EV) motor production lines will be in operation even during the Lunar New Year’s holiday as the tech giant eyes to expand its presence in the future mobility sector. LG recommends its local production sites allow workers to go [...]