SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s major electronics firms — Samsung Electronics Co. and LG Electronics Inc. — are expected to allocate a record-high investment to research and development projects this year, industry watchers said Friday. According to the sources, Samsung Electronics invested 7.9 trillion won (US$6.9 billion) in research projects over the [...]
SEOUL, Aug. 13 (Korea Bizwire) – LG Electronics Inc.’s upcoming smartphone, the LG V30, is expected to allow users to enjoy FM radio broadcasting services, industry sources said Sunday. The South Korean tech giant joined ties with the U.S. NextRadio application, allowing users to listen to FM radio via the V30, the sources said. There [...]
SEOUL, Aug. 3 (Korea Bizwire) — LG Electronics Inc. said Thursday it plans to adopt what it calls organic light-emitting diode (OLED) Full Vision display for its new flagship smartphone set to be showcased later this month. The latest display marks an update from the 18:9 ratio Full Vision display that was adopted by the [...]
SEOUL, July 12 (Korea Bizwire) – LG Electronics’ smartphone business has been struggling to extricate itself from a quagmire caused by stubborn losses and a weak brand image, but local market watchers said Wednesday they remain optimistic the company can pull off a rebound going forward. The tech giant’s slump is all the more stark [...]
SEOUL, Jul. 11 (Korea Bizwire) — LG Electronics Inc. on Tuesday showcased the LG Q6 smartphone, which boasts key high-end features adopted by flagship devices and yet comes with a reasonable price tag. The South Korean tech giant introduced the Q6 and Q6 Plus, which have internal storage capacities of 32 gigabytes and 64 GB, [...]
SEOUL, May 31 (Korea Bizwire) – Nearly half of the top 30 conglomerates in the country in 2000 either fell out of the rankings or have been dissolved, with only Samsung Group firmly entrenched in the No. 1 position, an analysis showed Wednesday. Corporate tracker CEO Score compared the top 30 business groups of 2000 and those in 2016 in terms of state-appraised assets. Over the [...]
SEOUL, May 31 (Korea Bizwire) – LG MMA Co., an affiliate of South Korean conglomerate LG Group, said Wednesday it will spend some 130 billion won (US$116 million) to expand its facility in the country to meet growing demand for methylmethacrylate (MMA), used for various industrial materials. LG MMA, a joint venture with Japan’s Sumitomo [...]
SEOUL, May 29 (Korea Bizwire) — LG Electronics Inc. is likely to cut losses in its smartphone business in the coming months, but the company’s efforts to revive its mobile fortunes are “highly dependent” on sales of the flagship G6 smartphone, an assessment by an international ratings agency said Saturday. LG’s smartphone division has posted [...]
SEOUL, May 22 (Korea Bizwire) — Asset size of South Korea’s top four business conglomerates grew by more than 30 percent over the past five years, a corporate information provider said Sunday. Data provided by Chaebul.com showed combined assets of Samsung, Hyundai Motor, SK and LG stood at 864.9 trillion won as of end 2016, [...]
SEOUL, May 10 (Korea Bizwire) – The home appliance divisions at Samsung and LG thrived in the first quarter of this year, despite Q1 traditionally being an off-season for household appliances, a reversal of fortunes largely attributed to the electronics giants’ premium products. Despite higher price tags for premium electronics, the products help manufacturers boost [...]