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LG Warns of Delay in Factory Construction in U.S. amid Washer Dispute

LG Warns of Delay in Factory Construction in U.S. amid Washer Dispute

SEOUL, Oct. 20 (Korea Bizwire) — LG Electronics Inc. said Friday Washington’s steps to impose trade barriers against South Korean washers could give adverse impact on U.S. consumers, saying such changes may also result in the delay of its on-going factory construction in Tennessee. The statement came as the U.S. International Trade Commission determined earlier [...]

S. Korean Washers Top U.S. Product Evaluation Reports amid Moves Toward Protectionism

S. Korean Washers Top U.S. Product Evaluation Reports amid Moves Toward Protectionism

SEOUL, Oct. 19 (Korea Bizwire) — South Korean washers topped product reviews by major U.S. consumer evaluators, industry watchers said Thursday, as Washington’s trade commission moves to take protectionist steps. Earlier this month, the U.S. International Trade Commission (ITC) determined that products made by Samsung Electronics Co. and LG Electronics Inc. are exerting an adverse [...]

Whirlpool Demands 50 pct Tariff on Samsung, LG Washers

Whirlpool Demands 50 pct Tariff on Samsung, LG Washers

SEOUL, Oct. 18 (Korea Bizwire) — U.S. tech manufacturer Whirlpool Corp. has demanded a punitive tariff of 50 percent on South Korean firms’ washers, government sources said Wednesday. According to South Korea’s trade ministry, Whirlpool submitted the demand to the U.S. International Trade Commission (ITC), which earlier determined that Samsung Electronics Co. and LG Electronics [...]

Phones More Than Two Times More Expensive in South Korea Than Abroad

Phones More Than Two Times More Expensive in South Korea Than Abroad

SEOUL, Oct. 10 (Korea Bizwire) – Prices of mobile handsets sold in South Korea are some 2.6 times the global average, a lawmaker claimed Tuesday, apparently as tech giants are reluctant to release more budget models locally. Citing the data compiled by industry tracker Gartner, Rep. Byun Jae-il of the ruling Democratic Party said the [...]

LG Electronics to Spend 600 bn Won for Facility Upgrade

LG Electronics to Spend 600 bn Won for Facility Upgrade

SEOUL, Sept. 27 (Korea Bizwire) — LG Electronics Inc. said Wednesday it plans to spend 600 billion won (US$527 million) on renovating its aged kitchen appliances production lines in South Korea. First built in 1976, the factory located in Changwon, about 300 kilometers southeast of Seoul, currently produces small products, while demand for larger appliances [...]