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 [...]
SEOUL, Feb. 7 (Korea Bizwire) — LG Electronics Inc. said Sunday it has set up South Korea’s largest energy storage system (ESS) with local partners as the tech giant eyes to expand its presence in the ESS market. LG Electronics said the ESS was built on Anjwa Island, South Jeolla Province, some 320 kilometers south [...]
SEOUL, Jan. 29 (Korea Bizwire) — LG Electronics Inc. was the world’s second-largest supplier of telematics control units (TCU) last year, a report showed Friday, as the South Korean tech giant eyes to expand its presence in the fast-growing automotive system market. LG Electronics accounted for 18.4 percent of the global TCU shipments in 2020, [...]
SEOUL, Jan. 29 (Korea Bizwire) – LG Electronics Inc. on Friday said it posted record earnings in the fourth quarter of 2020 on robust home appliance sales. The South Korean tech giant said it logged a net profit of 262.3 billion won (US$233 million) in the October-December period, swinging from a net loss of 849.8 [...]
SEOUL, Jan. 27 (Korea Bizwire) — LG Electronics Inc. is collaborating with Qualcomm Technologies Inc. for the development of 5G automotive platforms, its senior executive has said, as the South Korean tech giant tries to expand its presence in the automotive business for future growth. Qualcomm, the No. 1 semiconductor supplier in telematics and wireless [...]