SEOUL, March 8 (Korea Bizwire) – LG Electronics Inc. said Tuesday it will start selling its new budget smartphone that comes with a price tag of around US$300, the latest in a series of budget smartphone models. The LG Stylus 2, scheduled to go on sales this week in South Korea, was first showcased at [...]
SEOUL, March 7 (Korea Bizwire) – At a time when artificial intelligence (AI) is no longer just a movie premise but actually realizable technology, it has been pointed out that Korean companies need to buckle down as they are lagging behind global IT giants. According to a report issued by the Institute for Information and Communications [...]
SEOUL, March.1 (Korea Bizwire) – After dominating the home washing machine market internationally, LG Electronics plans to strengthen its stance in the commercial washing machine market. The company announced that it will jump into the global market for commercial washing machines, doubling the size of its business compared to last year. Commercial washing machines are [...]
SEOUL, Feb. 25 (Korea Bizwire) - LG Electronics Inc. said Thursday it has delivered prosthetic arms and legs to help the disabled in Africa. Since 2006, LG Electronics has been providing the medical instruments to Kenyan patients who became disabled in wars or terror attacks. Around 700 patients successfully received the support. LG Electronics also has [...]
SEOUL, Feb. 15 (Korea Bizwire) – South Korea’s No. 2 tech firm LG Electronics Inc. said Monday it will showcase a new budget smartphone series at the Mobile World Congress that kicks off later this month, in a bid to revitalize the ailing handset business. The X series will come in two models — the [...]
SEOUL, Jan.27 (Korea Bizwire) – As LG Electronics announced the performance of its Mobile Communications (MC) business division (in charge of smartphones) for the fourth quarter of 2015, the industry response can be summed up as “It wasn’t bad, but the future seems dark”. The MC division reported a loss of 43.8 billion won in [...]
SEOUL, Jan. 14 (Korea Bizwire) -LG Electronics Inc. said Thursday it has released a new wider screen laptop that weighs less than 1 kilogram and boasts a strong battery that lasts up to 10.5 hours. South Korea’s No. 2 tech giant said the Gram 15 laptop comes with a 15.6-inch display, but weighs only 980 [...]
SEOUL, Jan. 13 (Korea Bizwire) – LG Electronics Inc. said Wednesday it will invest 527.2 billion won (US$435 million) to expand its solar module production facilities as part of an effort to secure a new growth engine. Under the plan, LG Electronics will add six more production lines to its solar module plant based in [...]
SEOUL, Jan. 13 (Korea Bizwire) ― LG Electronics (LG) today announced plans to significantly expand its solar energy solution business with a multimillion dollar investment to expand its solar panel manufacturing capabilities in South Korea. LG entered into a memorandum of understanding with the Korean city of Gumi to invest USD 435 million (KRW 527.2 [...]
SEOUL, Dec.21 (Korea Bizwire) – LG Electronics and LG Display announced that they have installed an OLED (organic light-emitting diode) structure on the first, second and fourth floors of Namsan’s N Tower. A total of 248 55-inch OLED panels were used in the installation. Taking advantage of their advanced OLED technology and light, thin high [...]