LAS VEGAS, Jan. 10 (Korea Bizwire) – LG Electronics Inc.’s chief executive said Wednesday the company’s annual investment will reach 10 trillion won (US$7.57 billion) this year in a bid to expand its business boundaries and secure future growth momentum. “Despite protracted macroeconomic uncertainties, we are committed to maximizing future growth by increasing investment based [...]
LAS VEGAS, Jan. 8 (Korea Bizwire) — LG Electronics Inc. on Monday emphasized its artificial intelligence (AI) technologies across its global range of home appliances and other products, positioning on-device AI as a crucial element for South Korean electronics further growth. “AI is one of the most essential enablers to take customer experience to a [...]
LAS VEGAS, Jan. 7 (Korea Bizwire) – LG Electronics Inc. on Sunday announced its upcoming showcase of “Smart Life Solutions,” a cutting-edge lineup centered around artificial intelligence, at the upcoming CES 2024 tech show. With a theme of “Reinvent your future,” the South Korean consumer electronics giant is set to highlight connectivity and customization across [...]
SEOUL, Jan. 8 (Korea Bizwire) – LG Electronics Inc., South Korea’s leading home appliance maker, said Monday its operating profit likely more than quadrupled in the fourth quarter from a year earlier, helped by robust sales of home appliances and vehicle component solutions. Operating profit for the three months ended in December soared to an [...]
SEOUL, Dec. 26 (Korea Bizwire) – LG Electronics has recently opened Ground 220, a customer experience space specifically tailored for Generation Z (those born in the mid-1990s to early 2000s). This innovative space, which opened its doors on December 15 with a series of talks and music concerts, is drawing attention for heavily incorporating ideas from [...]
SEOUL, Dec. 19 (Korea Bizwire) – LG Electronics has announced a strategic partnership with global automotive glass company Saint-Gobain Sekurit to introduce a cutting-edge transparent antenna for motor vehicles, a move signaling significant advancements in automotive communication technology. This innovative product will be showcased to automotive clients at the Consumer Electronics Show (CES) 2024 in Las [...]
SEOUL, Nov. 16 (Korea Bizwire) — LG Electronics Inc. said Thursday it will introduce electric vehicle (EV) chargers in the United States next year as part of its strategy to advance into the fast-growing EV charging solutions business. Its 11 kilowatt wall-mounted and stand-type slow chargers, and 175 kW fast-charging models will be available in [...]
SEOUL, Nov. 6 (Korea Bizwire) — LG Electronics Co., South Korea’s No. 2 home appliance maker, said Monday it has partnered with universities in the U.S. state of Alaska to develop high-performance heating, ventilation and air conditioning (HVAC) products that operate efficiently in extreme cold conditions. The company said it has formed a consortium with [...]
SEOUL, Nov. 1 (Korea Bizwire) — LG Electronics Co. said Wednesday that it will provide its in-vehicle infotainment system for two models of Hyundai Motor Co.’s luxury brand Genesis. The 2024 Genesis G80 and the new GV80 Coupe will be equipped with LG’s webOS for Automotive platform, streaming a variety of content, including YouTube, from [...]
SEOUL, Oct. 24 (Korea Bizwire) –On Tuesday, LG Electronics unveiled a captivating collaboration with acclaimed illustrator Ilya Milstein, aimed at encapsulating the customer experience of LG’s premier home appliances. Ilya Milstein, known for her past collaborations with global juggernauts like Gucci and Google, has now turned her artistic talents toward depicting everyday life enhanced by [...]