SEOUL, May 21 (Korea Bizwire) — LG Electronics Inc. on Thursday introduced a new budget smartphone as the South Korean tech firm seeks to overcome a long slump in its mobile business. LG said the Q61 will go on sale in South Korea on May 29 with a price tag of 369,600 won (US$300). The [...]
SEOUL, May 20 (Korea Bizwire) — LG Electronics Inc. said Wednesday it will relocate two of its TV production lines in South Korea to Indonesia in a move to boost its global production efficiency amid the novel coronavirus pandemic. LG said two of the six production lines at its TV plant in Gumi, some 260 [...]
SEOUL, May 19 (Korea Bizwire) — Samsung Electronics Co.’s share of the global TV market hit an all-time high in the first quarter amid an overall market fall due to the coronavirus pandemic, a market tracker said Tuesday. The South Korean tech kingpin accounted for 32.4 percent of the world TV market in terms of [...]
SEOUL, May 7 (Korea Bizwire) — LG Electronics Inc. on Thursday launched its new smartphone, highlighting fresh design features, as the South Korean tech firm hopes the latest handset can end a long slump in its mobile business. LG Velvet was officially unveiled through an online event amid the novel coronavirus pandemic, with celebrities introducing [...]
SEOUL, May 1 (Korea Bizwire) — LG Electronics Inc. outpaced its U.S. rival Whirlpool Corp. in terms of sales in the first quarter of 2020, data showed Friday, on the back of the robust performance of its premium home appliance business division. U.S. home appliance maker Whirlpool posted an operating profit of US$260 million in [...]
SEOUL, April 29 (Korea Bizwire) — LG Electronics Inc. on Wednesday delivered strong first-quarter earnings results on the back of its home appliance and TV businesses, but the company expected its bottom line in the current quarter to worsen as the novel coronavirus pandemic will significantly weigh down demand for its products. South Korea’s No. [...]
SEOUL, April 28 (Korea Bizwire) — LG Electronics Inc. on Tuesday unveiled specifications of its new smartphone ahead of its official launch event as the South Korean tech firm aims to boost its handset sales amid the novel coronavirus pandemic. LG is scheduled to introduce its mass-market premium smartphone LG Velvet on May 7 through [...]
SEOUL, April 7 (Korea Bizwire) — LG Electronics Inc. on Tuesday delivered an earnings surprise in the first quarter of the year, apparently aided by solid performance from its home appliance business, but analysts warned that the company could face a severe impact from the novel coronavirus during the current quarter. South Korea’s No. 2 [...]
SEOUL, March 7 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. have begun their duel in the local dryer market, industry observers said Saturday, as they released new products with upgraded artificial intelligence (AI) and sanitizing features. Industry officials expect that South Korea’s clothes dryer market could grow up to 2 million units [...]
SEOUL, Feb. 6 (Korea Bizwire) — LG Electronics Inc. said Thursday it will supply a digital cockpit system to Cadillac for the U.S. automaker’s premium sport utility vehicle. The South Korean tech firm said its plastic OLED-based digital cockpit system will be installed in the new 2021 Cadillac Escalade SUV. Its digital cockpit consists of [...]