SEOUL, Jan. 6 (Korea Bizwire) – LG Electronics Inc. forecast Friday that it is likely to have returned to the red in the fourth quarter of last year, indicating that its money-losing smartphone business appears to have continued to crumble. LG said it expects an operating loss of 35.3 billion won (US$29.6 million) for the [...]
LAS VEGAS, Jan. 4 (Korea Bizwire) – South Korean home appliance maker LG Electronics Inc. showed its new lineup of flagship organic light-emitting diode (OLED) televisions at an annual U.S. trade show Wednesday, as it seeks to get a bigger slice of the U.S. market for next-generation TVs. The sleek and razor-thin 77-inch TV, displayed [...]
SEOUL, Dec. 21, 2016 (Korea Bizwire) ― To advance the functionality of today’s home appliances to a whole new level, LG Electronics (LG) is set to deliver an unparalleled level of performance and convenience into the home with deep learning technology to be unveiled at CES 2017. LG deep learning will allow home appliances to better understand their users [...]
SEOUL, Dec. 1 (Korea Bizwire) – LG Electronics Inc. on Thursday reshuffled its top management, shifting from group management by three co-chief executive officers to leadership by one top manager to better cope with the rapidly changing global market environment. Jo Seong-jin, 60, head of LG’s home and appliance business division, took the post of [...]
SEOUL, Nov. 28 (Korea Bizwire) – LG Electronics announced Monday the unveiling of three medical imaging devices at the Radiological Society of North America, an annual industry fair held this year in Chicago. It is the first time for the South Korean electronics giant to introduce such devices, despite having been an industry-leading manufacturer of [...]
SEOUL, Nov. 22 (Korea Bizwire) – Sales of premium electronic products and foreign luxury brands outperformed the overall consumption trend in South Korea as more affluent consumers preferred differentiated products, industry officials said Tuesday. Household spending was sluggish in Asia’s fourth-largest economy, but demand for premium products and luxury goods remained strong this year. To [...]
SEOUL, Oct. 28 (Korea Bizwire) – German appliance maker Miele said Friday its steam washing machines do not infringe patents issued by LG Electronics Inc., refuting the infringement claim by the South Korean electronics maker. The response by Miele came about a week after LG demanded Miele stop using the technology it created for steam [...]
SEOUL, Oct. 28 (Korea Bizwire) – LG Electronics revealed its latest smartphone on Friday, the LG U, which will come with premium features but at an affordable price. The phone will launch on October 31, and will sell for between 300,000 won ($262) and 400,000 won exclusively at LG Uplus, a telecommunications affiliate of LG [...]
SEOUL, Oct. 27 (Korea Bizwire) – LG Electronics Inc. said Thursday its third-quarter operating profit fell 3.7 percent from a year earlier, hit by sluggish sales in its money-losing smartphone business. LG said in a regulatory filing that the operating profit for the July-September quarter stood at 283.2 billion won (US$250.9 million), compared with a [...]
SEOUL, Oct. 18 (Korea Bizwire) – LG Electronics Inc. said Tuesday it has released a ultra-wide computer monitor in South Korea, adding it was the industry’s first company to release a 38-inch monitor. With a 21:9 aspect ratio, it is expected to allow users to better work on multi-screen jobs, LG said in a statement. [...]