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 [...]
SEOUL, Jan. 26 (Korea Bizwire) — LG Electronics Inc., a major home appliance maker in South Korea, released a new air conditioner with upgraded design and hygiene features Tuesday as the company aims to increase sales amid the pandemic. The LG Whisen Tower comes with the company’s new design for standing air conditioners that highlights [...]
SEOUL, Jan. 23 (Korea Bizwire) — LG Electronics Inc. can improve its corporate value by restructuring its money-losing mobile business, analysts here said Saturday, as the South Korean tech giant can better focus on its future growth engines for the post-pandemic era. LG Electronics on Wednesday announced that its mobile communications (MC) unit is open [...]
SEOUL, Jan. 22 (Korea Bizwire) — LG Electronics Inc. opened its Signature Kitchen Suite showroom in affluent Cheongdam-dong in southern Seoul on Thursday, marking the company’s second local showroom for its series of luxury built-in kitchen appliances. The showroom has five above-ground floors and one underground floor, consisting of a kitchen pavilion, a café, a [...]
SEOUL, Jan. 20 (Korea Bizwire) — LG Electronics Inc., the country’s major home appliance maker, said Wednesday its mobile business is open to “every possibility” amid rumors that the South Korean tech giant may sell its money-losing unit. LG said the company has come to a point where it needs to make the best decision [...]
SEOUL, Jan. 20 (Korea Bizwire) — LG Electronics Inc. on Wednesday said it plans to promote its smart factory push as the home appliance maker targets improving its productivity. LG announced it will spend 50 billion won (US$45 million) from February to set up a new home appliance product testing facility at its second factory [...]
SEOUL, Jan. 13 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. are promoting their latest technologies on home cooking and meal services at the world’s largest tech expo, industry officials said Wednesday, as they highlight connected and personalized experiences amid the pandemic-induced stay-at-home trend. The two South Korean tech firms unveiled food tech [...]