SEOUL, Dec. 26 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has distributed its artificial intelligence (AI) development tool to all business divisions in line with its efforts to speed up the release of new products equipped with the latest technology. The South Korean tech giant said the development platform, dubbed DeepThinQ 1.0, will [...]
SEOUL, Dec. 20 (Korea Bizwire) — LG Electronics Inc. on Wednesday introduced its new artificial-intelligence brand named ThinQ, which will be used in its upcoming home appliances. The South Korean tech giant said ThinQ products will have various AI technologies, including LG’s DeepThinQ system, and provide optimized services to consumers through deep-learning technology. The brand [...]
SEOUL, Nov. 17 (Korea Bizwire) – Despite record KOSPI earnings, only a small number of conglomerates have reported significant increases in profits this year. According to reports from the Korea Exchange, the accumulated net earnings of 525 KOSPI-listed companies during the first three quarters were estimated to be around 92.5 trillion won, up 34.2 percent from [...]
SEOUL, Nov. 10 (Korea Bizwire) — Kim Na-yul, a 38-year-old PR manager in Seoul, regularly sees dermatologists to get “intensive care” to erase dark spots and shrink the pores on her nose and cheeks. “After I turned 30, I started buying more expensive creams and essences. And in recent years, I decided to get help [...]
SEOUL, Nov. 1 (Korea Bizwire) — Nearly two-thirds of South Korea’s top 30 conglomerates have been dissolved or dropped out of the standings since the 1997 Asian financial crisis, a market tracker said Wednesday. According to corporate tracker CEO Score, 19 family-controlled conglomerates, called chaebol here, disappeared altogether from the list with the remainder maintaining [...]
SEOUL, Oct. 17 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. were among the least environment-friendly IT companies worldwide in terms of their use of renewable energy and harmful chemicals, a report by Greenpeace showed Tuesday. The two South Korean electronics companies each scored a “D-” and a “D+” in overall grades for [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korean home appliance giants Samsung Electronics Co. and LG Electronics Inc. will work together to deal with a U.S. safeguard probe of their washing machines, sources said Thursday. In June, the U.S. government started a safeguard investigation into foreign washers, mostly made by South Korean companies, at the [...]
SEOUL, Aug. 30 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has partnered with Bang & Olufsen (B&O) to adopt the Danish company’s audio solution for its organic light-emitting diode (OLED) TVs starting in September. The tie-up can improve the audio experience of LG TV users and is in line with the steps to [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korean electronics giants Samsung Electronics Co. and LG Electronics Inc. have been sued in the United States over alleged collusion concerning digital television broadcasting technology, industry sources said Thursday. Chinese home appliance maker Haier Group Co. recently filed a lawsuit with a federal court in New York, accusing [...]
SEOUL, Aug. 21 (Korea Bizwire) – News broke on August 20 that an R&D center devoted to artificial intelligence (AI) research will open its doors this coming October in Seoul’s Seocho District. The facility will be housed on four floors at the Korean Federation of Teachers’ Associations building located in the Umyeon neighborhood. Major players [...]