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 [...]
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 [...]
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 [...]
SEOUL, Oct. 12 (Korea Bizwire) – LG Electronics Inc. said Thursday it will kick off sales of the V30 smartphone in the United States this week and gradually expand the global release of the product to play a key role in revitalizing its mobile business. The South Korean tech giant said it will release the [...]
SEOUL, Oct. 11 (Korea Bizwire) — The South Korean government vowed Wednesday to work with Samsung Electronics Co. and LG Electronics Inc. to defend washers made by the two companies in the U.S. market, where they could be subject to tough safeguard measures. The trade and foreign ministries held a meeting with the tech giants [...]
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 [...]
SEOUL, Sept. 28 (Korea Bizwire) — LG Electronics Inc. said Thursday the company is undecided over the rumored takeover of Austrian automotive lighting system firm ZKW Group, neither declining or confirming the rumor. “The company has been making various reviews in line with its preparation for future-growth businesses. There are no details on the rumor [...]
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 [...]
SEOUL, Sept. 22 (Korea Bizwire) – LG Electronics Inc. said Friday it will expand into the beauty appliance market in line with its strategy to diversify its business portfolio. The South Korean tech giant said it decided to move into the household business area as the industry is set to expand sharply down the road. [...]
SEOUL, Sept. 20 (Korea Bizwire) — LG Electronics Co. said Wednesday that it will begin sales of its latest high-end smartphone, the V30, this week in South Korea, to compete with the Galaxy S8 series and the Galaxy Note 8 by Samsung Electronics Co., and other rival models. Customers who made preorders through the country’s [...]