SEOUL, July 8 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has started sales of its autonomous service robots in South Korea. The South Korean tech giant said the CLOi ServeBot comes in two models — drawer type and shelf type, depending on its design. The company did not disclose the price of the [...]
SEOUL, July 7 (Korea Bizwire) – LG Electronics Inc. on Tuesday delivered market estimate-beating second-quarter earnings as its home appliance business apparently performed better than expected amid the novel coronavirus pandemic. In its earnings guidance, South Korea’s No. 2 electronics firm estimated its operating profit to be 493.1 billion won (US$412 million) for the April-June [...]
SEOUL, July 3 (Korea Bizwire) — LG Electronics Inc., South Korea’s major home appliance maker, said Friday its air purifiers will be launched in more countries as it seeks to expand overseas sales of air cleaning products amid the pandemic. LG said its PuriCare 360 air purifier will be available in more than 30 countries [...]
SEOUL, June 29 (Korea Bizwire) — LG Electronics Inc., a major home appliance maker in South Korea, is likely to suffer a sharp decline in its second-quarter earnings due to the novel coronavirus pandemic, analysts here said Monday, although it is expected to rebound from the third quarter. LG was expected to log 13.19 trillion [...]
SEOUL, June 16 (Korea Bizwire) — LG Electronics Inc. on Tuesday introduced its new smartphone, the Velvet, in Europe as the South Korean tech firm hopes its latest handset can end a long slump in its mobile business amid the virus pandemic. Starting with Germany on Tuesday, LG will release the Velvet in major European [...]
SEOUL, June 12 (Korea Bizwire) — LG Electronics Inc., South Korea’s major home appliance maker, said Friday that it will develop service robot solutions with local partners by November. LG said it will join forces with Woowa Brothers Corp., South Korea’s top food delivery app operator, and Korea Institute for Robot Industry Advancement to develop [...]
SEOUL, June 11 (Korea Bizwire) — LG Electronics Inc. said Thursday its LED theater display made a debut at a Taiwanese movie theater as the South Korean tech firm tries to expand its presence in the LED cinema sector. LG supplied its first LED cinema display at Showtime Cinemas’ movie theater in Taichung, the first [...]
SEOUL, June 5 (Korea Bizwire) — South Korea’s two largest electronics firms, Samsung Electronics Co. and LG Electronics Inc., have agreed to drop complaints against each other over a TV advertisement, the country’s corporate watchdog confirmed Friday. The Fair Trade Commission said it decided not to further process the complaint cases after the two companies [...]
SEOUL, May 28 (Korea Bizwire) — LG Electronics Inc. announced Thursday it has joined the governing council of a public distributed ledger for building decentralized applications to better study advanced blockchain technologies. The South Korean firm is the sole home appliance maker to join the Hedera Governing Council and is its 14th member, joining global [...]
SEOUL, May 22 (Korea Bizwire) — The global OLED TV market, led by South Korea’s LG Electronics Inc., is expected to post relatively small growth this year, compared with the QLED TV sector, following a disruption in panel supply caused by the novel coronavirus pandemic, a market report showed Friday. The global OLED TV shipment [...]