SEOUL, Jul. 5 (Korea Bizwire) — LG Electronics Inc. said Friday its second-quarter operating profits are expected to have dropped 15.4 percent from a year earlier, mainly due to its sluggish smartphone business. In an earnings guidance, the South Korean electronics maker said it expects to post 652.2 billion won (US$557 million) in operating profits [...]
SEOUL, May 16 (Korea Bizwire) — LG Electronics Inc. is swinging its home appliance business into high gear to focus on what it is good at and provide a buffer against its sluggish mobile business amid toughening global competition, market watchers said Thursday. When it comes to brand image, South Korea’s No. 2 electronics maker [...]
SEOUL, May 16 (Korea Bizwire) — LG Electronics Inc. said Thursday it has developed an artificial intelligence (AI) chip applicable in various household appliances to offer customized services for users. The electronics maker said its AI chip is equipped with neural engine processing cores customized to run deep learning algorithms. LG said the AI chip [...]
SEOUL, May 10 (Korea Bizwire) — LG Electronics Inc. said its V50 ThinQ hit market shelves in South Korea on Friday, with the company hoping its slumping mobile business will rebound with its first 5G smartphone. The LG V50 ThinQ officially went on sale after weeks of delay to ensure its performance under 5G networks [...]
SEOUL, Apr. 30 (Korea Bizwire) — LG Electronics Inc. said Tuesday its first-quarter net profit dropped 20.8 percent from a year earlier as its money-losing smartphone business clouded robust revenue from its home appliance division. The South Korean electronics maker said it posted 578 billion won (US$495 million) in net profit in the January-March period, [...]
SEOUL, Apr. 24 (Korea Bizwire) — LG Electronics Inc. plans to relocate its Korean smartphone production line to Vietnam in a bid to cut costs for its money-losing mobile business, industry sources said Wednesday. The South Korean tech firm will phase out its Pyeongtaek factory, south of Seoul, by the end of this year, getting [...]
SEOUL, Apr. 18 (Korea Bizwire) — LG Electronics Inc. said Thursday it plans to develop robots that can serve food to customers in restaurants. The robots will be deployed to CJ Foodville Corp.’s selected restaurants later this year to serve customers and create futuristic experiences, LG Electronics said. CJ Foodville is a subsidiary of food [...]
SEOUL, Apr. 15 (Korea Bizwire) — LG Electronics Inc. has been in talks with South Korea’s three mobile carriers to delay the release date of its first 5G smartphone so as to better ensure stable service, industry sources said Monday. LG Electronics had initially planned to launch V50 ThinQ in domestic market on April 19, [...]
SEOUL, Apr. 9 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has adopted upgraded artificial intelligence (AI) technologies for its latest smartphones to provide users with smarter, faster services. The South Korean handset maker said advanced AI engine and software power V50 ThinQ, its first 5G smartphone set for launch next week, and G8 [...]
SEOUL, Apr. 3 (Korea Bizwire) — LG Electronics Inc.’s revenue from its home appliance rental service jumped over the last two years, its business report showed Wednesday, as more people opt for renting gadgets to save money on purchases, installations and maintenance. The electronics maker posted 292.4 billion won (US$257.2 million) in sales from its [...]