SEOUL, Sept. 8 (Korea Bizwire) – By adding three more LED lighting products to its local lineup, including devices that consume less energy and have longer lifespans, LG Electronics hopes to penetrate the domestic LED lighting market and attract more customers. LG’s new LED room light, the first such LED lighting for residential purposes by LG, is [...]
SEOUL, Sept. 7 (Korea Bizwire) – Samsung Electronics and LG Electronics, South Korea’s top two tech firms, are famed for blazing a trail for the world home appliances market by showcasing frontier technologies for every new product. Recently, they’ve embarked on an unlooked-for venture that seems quite off the track — going somewhat bizarre with [...]
SEOUL, Sept. 4 (Korea Bizwire) – Recently, Korean smartphone makers are cutting prices for their newly introduced products in Korea to lure customers who have become more sensitive to price tags due to the mobile device distribution act. According to industry representatives, Samsung Electronics set the price tag of its Galaxy Note5 at 899,200 won [...]
SEOUL, Aug. 21 (Korea Bizwire) – A curved OLED TV and a French-door refrigerator from LG Electronics have been selected as the best home appliances by retailers and distributors in the United States. According to an August 21 statement from LG, the second largest electronics maker in Korea, two of its products won 2015 VIP (Very Important [...]
SEOUL, Aug. 18 (Korea Bizwire) – Korean smartphone makers floundering between Apple and Xiaomi need to reinforce their premium phone line ups rather than pushing low-end phones, a report has recommended. According to a report released by the KT Economic Management Research Institute on August 18, titled “Strategies to Make Premium Smartphones,” Korean smartphone makers like Samsung [...]
SEOUL, Aug.17 (Korea Bizwire) – LG Electronics is pushing into the Middle Eastern market by opening premium brand shops in the area. LG announced they have opened a premium brand shop on Mecca Street, the premium home electronics business district in Jordan. The shop is the third premium brand shop that opened this year after Tehran, [...]
SEOUL, Aug. 10 (Korea Bizwire) – Sales of dehumidifiers are increasing as the summer heat is accompanied by humidity. According to LG Electronics, sales of dehumidifiers during the last week of July almost doubled compared to the same period last year. Officials say that the high humidity and escalated temperatures caused by the monsoon heading [...]
SEOUL, Aug. 6 (Korea Bizwire) — South Korea’s No. 2 tech giant LG Electronics is set to join forces with U.S. Google for a smartphone with an Android-based payment system, industry sources said Thursday, commencing its struggle to catch up to rivals. LG Electronics is anticipated to showcase Google’s next Nexus smartphone in October, according to the sources. [...]
SEOUL, Aug. 5 (Korea Bizwire) — South Korean smartphone users change their devices every 14 months, with teens changing their handsets in less than a year, a poll showed Wednesday. According to the survey conducted by the Korea Information Society Development Institute (KISDI), South Koreans on average used their handsets for 19 months, but those [...]
“Automobiles are evolving in the display, communications, electronics and analog, and mechanical compressor sectors through intellectualization and convergence. We expect meaningful opportunities in the sector in the near future.” “When it comes to convergence, we see much opportunity and growth potential. We expect that some products in the vehicle components sector can bring results. We [...]