SEOUL, March 5 (Korea Bizwire) — LG Electronics Inc. said Monday the organic light-emitting diode (OLED) TVs will take up around 20 percent of its combined TV sales this year. “LG Electronics has been posting two-fold annual growth in the premium TV market centering on OLED TVs,” said Kwon Bong-suk, the head of LG’s home [...]
SEOUL, Feb. 27 (Korea Bizwire) — LG Electronics Inc. said Tuesday it will focus on audio, batteries, cameras and displays, referred to by the acronym ABCDs in South Korea, to beef up its smartphone division, which has been suffering losses for nearly three years. During the meeting with reporters at the Mobile World Congress (MWC), [...]
SEOUL, Feb. 5 (Korea Bizwire) — LG Electronics Inc., a South Korean tech giant, said Friday that it has begun a pilot program to reduce weekly working hours to 52 in some of its business divisions. The company said the pilot program began on Thursday in some of its home entertainment divisions and that there [...]
SEOUL, Jan. 15 (Korea Bizwire) — Foreign investors picked up financial and chemicals shares on the KOSPI, South Korea’s main bourse, last year while selling off electronics and construction stocks, data from the Korea Exchange showed Monday. Offshore investors bought 6.58 trillion won (US$6.17 billion) worth of local stocks in 2017, of which financial stocks [...]
SEOUL, Jan. 12 (Korea Bizwire) — LG Electronics Inc. said Friday that it has acquired a 10.12 percent stake in Robotis, a local robot maker, in the latest move to build its presence in the automation business. The South Korean consumer tech giant purchased about 9 billion won (US$8.4 million) worth of Robotis stock, after [...]
SEOUL, Jan. 5 (Korea Bizwire) — LG Electronics Inc. said Friday it has opened the LG Kids Science Hall in the capital city of Iran in a bid to promote its brand in the Middle Eastern country. The South Korean tech giant said it hopes the science hall will provide local children and teenagers with [...]
SEOUL, Dec. 28 (Korea Bizwire) – LG Electronics Inc. on Thursday provided details of audio products, including artificial intelligence (AI) speakers, jointly developed with British-based partner Meridian Audio and which will be officially showcased next year. The South Korean tech giant said it will display sound bars, portable speakers and AI audio products at the [...]
SEOUL, Dec. 27 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has inked an agreement with mapping solution provider HERE Technologies in the latest move to tap deeper into the self-driving automobile solutions. The South Korean company said HERE, which provides navigation solutions to some 100 million automobiles around the globe, is a suitable [...]
SEOUL, Dec. 26 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has distributed its artificial intelligence (AI) development tool to all business divisions in line with its efforts to speed up the release of new products equipped with the latest technology. The South Korean tech giant said the development platform, dubbed DeepThinQ 1.0, will [...]
SEOUL, Dec. 15 (Korea Bizwire) — South Korean washers are receiving top-notch reviews from U.S. tech evaluators, industry watchers said Friday, amid actions being taken by Washington’s trade watchdog to slap tariffs on some products. U.S.-based industry tracker Reviewed said in its latest report that LG Electronics Inc.’s washer with the model name LG WM9000HVA [...]