SEOUL, April 4 (Korea Bizwire) — LG Electronics Inc. said Wednesday it delivered clothes along with other donations to veterans of the Korean War in Ethiopia in line with its charity projects in Africa. Under the project, the South Korean consumer electronics giant delivered warm jackets to 186 Ethiopian veterans in the capital city of [...]
SEOUL, Apr. 4 (Korea Bizwire) — LG Electronics Inc. said Wednesday its new vacuum cleaner advertisement, which features the South Korean women’s curling team that won a surprise silver in the 2018 Winter Games, tallied more than 5 million views on video-sharing platform YouTube. The advertisement, first showcased on March 14, posted more than 350,000 [...]
SEOUL, Mar. 28 (Korea Bizwire) — LG Electronics Inc. said Wednesday it aims to tap deeper into the U.S. market for signage solutions in line with steps to diversify its business portfolio. The South Korean tech giant said it took part in the Digital Signage Expo 2018 held in Las Vegas to showcase its latest [...]
SEOUL, Mar. 26 (Korea Bizwire) — LG Electronics Inc., which enjoyed record earnings last year on the back of premium TVs and home appliance sales, is expected to post a robust performance in the first quarter of 2018. According to data compiled by market tracker FnGuide from local brokerage houses, the market’s first-quarter consensus for [...]
SEOUL, March 16 (Korea Bizwire) — LG Electronics Inc. said Friday that its board of directors decided to keep incumbent CEO Jo Seong-jin in his post for another three years. Jo, who became the company’s CEO in 2016, came under the spotlight as he became the leader of South Korea’s No. 2 tech giant while [...]
SEOUL, March 12 (Korea Bizwire) — LG Electronics Co., South Korea’s second-largest electronics company by sales, said Sunday that sales of its new cordless vacuum cleaner exceeded 200,000 units since its launch eight months ago. In June last year, the “Code Zero A9″ vacuum cleaner was launched in the domestic market where about 700,000 wireless [...]
SEOUL, March 11 (Korea Bizwire) – LG Electronics Inc., South Korea’s second-biggest electronics company, is seeking a rebound in its mobile business with the launch of new phones after posting operating losses in recent years, industry sources said Sunday. LG Electronics reported operating losses for three years through 2016 due to low demand for its smartphones in global markets where Samsung Electronics Co. and Apple Inc. are the dominant players. The tech giant posted [...]
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 [...]