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LG Electronics Delivers Estimate-beating Q2 Earnings amid Pandemic

LG Electronics Delivers Estimate-beating Q2 Earnings amid Pandemic

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 [...]

LG Electronics to Develop Service Robot Solutions with Local Partners by Nov.

LG Electronics to Develop Service Robot Solutions with Local Partners by Nov.

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 [...]

Samsung, LG Withdraw Mutual Complaints over QLED TV Ad

Samsung, LG Withdraw Mutual Complaints over QLED TV Ad

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 [...]

LG Electronics Joins Governing Council of Decentralized Public Network

LG Electronics Joins Governing Council of Decentralized Public Network

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 [...]