SEOUL, Aug. 3 (Korea Bizwire) — LG Electronics Inc. said Thursday it will join hands with U.S. investment firm Clearbrook LLC to raise more than US$100 million to invest in industries of the future, including digital health, renewable energy and artificial intelligence. The South Korean tech company said its North American Innovation Center (LG NOVA) [...]
SEOUL, Aug. 2 (Korea Bizwire) — LG Electronics Inc.’s front-load washing machine has been recognized as “the best front-load washer” by a U.S. consumer advocacy magazine. In the “Best Front-Load Washers–and the Worst” ratings announced by Consumer Reports, LG’s front-load washers claimed the top four positions, earning 85 to 87 points. Consumer Reports noted that [...]
SEOUL, July 27 (Korea Bizwire) — LG Electronics Inc. reported a 6.2 percent fall in second-quarter operating profit, primarily due to a one-time provision. The company said in a regulatory filing that operating income for the April-June period came to 741.9 billion won (US$581 million), down from the 892.7 billion won it had predicted earlier [...]
SEOUL, July 25 (Korea Bizwire) — LG Electronics Inc. on Tuesday introduced the latest upgradable home appliances, powered by a new operating system and AI chipset, in a follow-up measure to realize its vision to turn itself into a “smart life solutions provider.” The South Korean tech company said the new OS and chipset, which [...]
SEOUL, July 24 (Korea Bizwire) — LG Electronics Inc. said Sunday its UltraGear gaming monitor has been selected as the official monitor for Gamers8, the world’s largest eSports championship, for the second consecutive year. The monitor features an impressive 360-hertz refresh rate and is equipped with NVIDIA Reflex technology, effectively reducing the latency between mouse [...]
SEOUL, July 21 (Korea Bizwire) — LG Electronics Inc. said Thursday it will launch DUOBO, a coffee machine capable of extracting from two coffee capsules simultaneously, on the crowdfunding website Kickstarter. The machine can blend two coffee capsules with distinct flavors. Users have the option to adjust the extracted temperature and amount via an exclusive [...]
SEOUL, July 17 (Korea Bizwire) — LG Electronics Inc. on Sunday released a “modular plant kit” for its indoor gardening appliance, the LG tiiun. Users can plant seeds in the LG tiiun mini and transfer them to a separate pot once they reach full growth. The kit includes five holes where two seed kit modules [...]
SEOUL, July 13 (Korea Bizwire) – LG Electronics Inc. said Thursday it will roll out the world’s first wireless OLED TV, starting in South Korea. LG unveiled the 97-inch LG Signature OLED M during the CES 2023 in Las Vegas in January, which instantly grabbed attention for its hassle-free slick design that removed all cords [...]
SEOUL, July 12 (Korea Bizwire) — LG Electronics Inc. unveiled a new vision for its business on Wednesday to turn itself into a “smart life solutions provider,” as the traditional home appliance market has been going through rapid changes. The South Korean tech company said it will put more focus and resources into non-hardware products, [...]
SEOUL, July 11 (Korea Bizwire) — LG Electronics Inc. plans to introduce its energy-saving auto demand response (DR) service in the U.S., utilizing the LG ThinQ smart home platform. The company announced on Monday its plan to launch the auto DR service in three U.S. states – California, New York, and Texas, in collaboration with [...]