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 [...]
SEOUL, Feb. 5 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has decided to withdraw from the upcoming mobile technologies trade fair due to concerns over the fast-spreading novel coronavirus. LG said it will not take part in the Mobile World Congress (MWC) 2020 in Spain, becoming the first South Korean company to cancel [...]
SEOUL, Feb. 4 (Korea Bizwire) — LG Electronics Inc. showcased its newly developed food service robot at a local restaurant in Seoul. The LG CLOi ServeBot comes with indoor autonomous driving technology and an obstacle avoidance system. The robot is capable of delivering food to the table where customers are seated as well as returning [...]
SEOUL, Jan. 30 (Korea Bizwire) — LG Electronics Inc. said Thursday its fourth-quarter deficit widened due to losses in its equity ties with a display-making affiliate, while its mobile business remained in the red. The tech giant said it logged a net loss of 849.8 billion won (US$717 million) in the October-December period, compared with [...]
SEOUL, Jan. 14 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has signed a partnership with U.S.-based automotive voice recognition solutions provider Cerence Inc. to develop an in-vehicle infotainment (IVI) system. Under the deal, which was signed on the sidelines of Consumer Electronics Show in Las Vegas, Nevada, last week, LG and Cerence will [...]
LAS VEGAS, Jan. 13 (Korea Bizwire) — South Korean tech giant LG Electronics Inc. eyes to cement its premium image in the U.S. TV market with OLED and 8K TV sets, the company’s officials have said. LG’s TV products — from roll-down TVs to very thin wall-mounted TVs — caught the eyes of attendees at [...]
LAS VEGAS, Jan. 5 (Korea Bizwire) — South Korean home appliance maker LG Electronics Inc. said Sunday it will unveil a new type of its rollable TV highlighting flexible OLED display technologies and upgraded artificial intelligence (AI)-powered solutions at the upcoming tech expo here. Under the slogan “Innovation for better life,” LG Electronics will introduce [...]