SEOUL, May 15 (Korea Bizwire) – LG Electronics has partnered with Vietnam’s leading state-run broadcaster, HTV7, to market its premium line-up of home appliances through a local entertainment program. According to the company, the show titled Smart Wives premieres on May 16, to be aired for the next thirteen weeks. In the show, two local [...]
SEOUL, May 4 (Korea Bizwire) – Strong sales of premium products allowed LG Electronics to beat out its main rival Samsung Electronics in the first-quarter TV market earnings race, data showed Wednesday. According to LG, its Home Entertainment (HE) division, which focuses on TVs, posted a record-high operating profit of 382.2 billion won (US$338 million) [...]
SEOUL, April 13 (Korea Bizwire) – A new type of home appliance by LG Electronics that helps keep clothes fresh with steam is proving popular among South Korean consumers, with more than 100,000 units sold since its release, the company announced yesterday. Compared to the first version released in 2015, the new LG Styler is [...]
SEOUL, Mar. 27 (Korea Bizwire) — South Korean tech giant LG Electronics Inc. unveiled its test lab to the public for the first time to reassure customers of the safety of its flagship smartphone G6 and its battery, industry watchers said Sunday. The company last week took the press on a tour of its smartphone [...]
SEOUL, March 14 (Korea Bizwire) – LG Electronics has set a new Guinness World Record for the longest line of sticky notes, showing its support for India’s armed forces. An astounding 114,741 handwritten messages from customers in support of Indian Armed Forces snaked across the floor of a gymnasium located in Greater Noida, just outside New [...]
SEOUL, Feb. 14 (Korea Bizwire) – Subcontractors that provided the metal body for LG’s G5 smartphones criticized the electronics company on Monday, arguing that LG’s initial design failure for the products ultimately left them holding the short end of the stick. A temporary committee formed by a dozen secondary subcontractors, who demanded that LG swiftly [...]
SEOUL, Feb. 6 (Korea Bizwire) – LG Electronics announced Monday that it had set a new monthly record by selling more than 10,000 units of its Styler, an ambitious garment care system, for the first time in January – which equates to selling roughly one unit every four minutes. The Styler is a combination of [...]
SEOUL, Feb. 6 (Korea Bizwire) – The home appliance industry has recently upped growth expectations for the laundry dryer market from doubling this year (compared to 2016) to tripling, if not quadrupling, to 300,000 to 400,000 units to be sold. Despite the ubiquity of electric or gas dryers overseas, most Korean households still make use [...]
SEOUL, Jan. 31 (Korea Bizwire) – LG Electronics Inc. was more profitable than Samsung Electronics Co. in the home appliance business in 2016 despite a gap in their overall revenue, industry data showed Tuesday. LG’s home entertainment, home appliance and air solution divisions chalked up an operating profit of 2.57 trillion won (US$2.19 billion) on [...]
SEOUL, Jan. 18 (Korea Bizwire) – The average sales price of LG Electronics Inc.’s smartphones is about one-fifth that of Apple Inc.’s iPhones, industry data showed Wednesday, underlining LG’s difficulty in reviving its loss-making smartphone business. According to a survey of 12 LG smartphones sold at KT Corp.’s online store, the average sales price of [...]