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. [...]
SEOUL, Sept. 7 (Korea Bizwire) – LG Electronics (LG) today unveiled the V20, the latest in its V series of smartphones, delivering the highest multimedia capabilities available in a mobile device. The V20 boasts new features including Steady Record 2.0, Hi-Fi Quad DAC, HD Audio Recorder and front and rear wide-angle lens cameras to deliver best-in-class performance. It [...]
SEOUL, Sept. 6 (Korea Bizwire) – LG Electronics Inc. will unveil a new premium smartphone this week as it seeks to revive its struggling handset business. The V20 smartphone, to be announced on Wednesday in Seoul, is the first smartphone in the world to run on Google’s latest Android mobile operating system called “Nougat.” Following [...]
BERLIN, Sep. 2 (Korea Bizwire) ― At IFA 2016 in Berlin starting today, LG Electronics (LG) will be demonstrating its expanding smart home ecosystem with more partnerships and collaborations, highlighted by its cooperation with Amazon, the world’s largest e-commerce retailer. With a strategy of Open Partnership, Open Platform, and Open Connectivity in the growing Internet of Things (IoT) field, [...]