SEOUL, Oct. 30 (Korea Bizwire) — LG Electronics Inc. said Friday its net profit nearly doubled in the third quarter from a year earlier on the back of strong global demand for its TVs and home appliances amid the coronavirus pandemic. The South Korean tech giant said its net income reached 649.2 billion won (US$573.6 [...]
SEOUL, Oct. 30 (Korea Bizwire) — LG Electronics Inc. on Friday signed a partnership with a local food firm to expand the use of its artificial intelligence-powered services in kitchen appliances amid the pandemic-driven stay-at-home trend. The South Korean tech powerhouse joined hands with Dongwon F&B Co. so that more LG DIOS light wave oven [...]
SEOUL, Oct. 26 (Korea Bizwire) — LG Electronics Inc. said Monday it has signed a patent licensing deal with Sweden-based home appliance maker Electrolux AB that covers ice-making technologies for French-door refrigerators. Under the agreement, Electrolux will be able to produce and sell French-door refrigerators using patented technologies developed by LG. The value of the [...]
SEOUL, Oct. 26 (Korea Bizwire) — LG Electronics Inc. on Monday released premium wireless earbuds with an active noise cancellation (ANC) system in South Korea as the company seeks to expand its presence in the wearables market. The high-end model of the LG TONE Free wireless earbuds, the HBS-TFN7, was launched here for 219,000 won [...]
SEOUL, Oct. 25 (Korea Bizwire) — LG Electronics Inc. on Sunday introduced a new budget smartphone as the South Korean tech firm seeks to boost its presence in the mobile market with price-competitive devices. LG said the Q52 will go on sale in South Korea on Wednesday with a price tag of 333,000 won (US$290). [...]
SEOUL, Oct. 23 (Korea Bizwire) — LG Electronics Inc. said Friday it has opened a showroom for its luxury built-in kitchen appliance brand in Europe to better expand its presence there. The first European showroom of LG’s Signature Kitchen Suite was opened in Milan, Italy, according to the company. The 1,100-square-meter facility is near the [...]
SEOUL, Oct. 22 (Korea Bizwire) — LG Electronics Inc. on Thursday launched a new home appliance line with enhanced customization options as the South Korean tech firm targets more consumers who seek their own home interior styling. LG Objet Collection allows consumers to select their own colors and materials for home appliances so that they [...]
SEOUL, Oct. 21 (Korea Bizwire) — LG Electronics Inc. on Wednesday unveiled an eye skin care device in South Korea as the company tries to expand its presence in the beauty and health care sector amid the pandemic-driven stay-at-home trend. Preorders for LG Pra.L EyeCare will run until Oct. 29 with a price tag of [...]
SEOUL, Oct. 20 (Korea Bizwire) — LG Electronics Inc. on Tuesday released the world’s first rollable TV in South Korea at a jaw-dropping price of 100 million won (US$87,000) as the tech giant aims to target high-end consumers amid the pandemic. The company said overseas launch schedules of LG Signature OLED R have not been [...]
SEOUL, Oct. 19 (Korea Bizwire) — LG Electronics Inc. said Monday it has signed a partnership with Italian luxury furniture maker Molteni&C S.P.A. to better promote its high-end brand LG Signature. Under the deal, the two sides will collaborate in marketing, promotion and product development related with LG Signature home appliances, Molteni&C residential furniture and [...]