SEOUL, Dec. 7 (Korea Bizwire) – Samsung vice chairman Lee Jae-yong’s reluctant promise during Tuesday’s parliamentary hearing over the Choi Soon-sil scandal to disband the group’s Future Strategy Office – the key department responsible for the group’s decision-making process for all Samsung affiliates – has raised questions as to how other Korean conglomerate groups’ so-called [...]
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. 11 (Korea Bizwire) – Leading South Korean electronics makers received several awards for their innovative products across a wide variety of categories from the host of the International Consumer Electronics Show (CES), the companies said Friday. Samsung Electronics Co., South Korea’s top tech company, said it received 35 CES 2017 Innovation Awards from [...]
SEOUL, Nov. 8 (Korea Bizwire) – Refrigerators manufactured by LG Electronics Inc. have been recently chosen as the best products by two separate consumer reviews in Britain and Spain, according to the company Tuesday. Citing a product review by OCU, a Spanish nonprofit consumer rights organization, LG said its two-door refrigerator with the model name [...]
SEOUL, Oct. 25 (Korea Bizwire) – South Korean home appliance maker LG Electronics Inc. has demanded that Miele stop using the technology it created for steam washing machines, claiming that the German appliance maker allegedly infringed on LG’s patents. LG sent a letter to Miele last week, urging the company to take amicable action to [...]
SEOUL, Oct. 11 (Korea Bizwire) – The recent announcement that Samsung would suspend the production of its flagship Galaxy Note 7 is likely good news for other premium smartphone manufacturers. In an announcement on Tuesday, the tech giant advised customers with either an original Galaxy Note 7 or a replacement model to power down and [...]
SEOUL, Sept. 12 (Korea Bizwire) – LG Chem Ltd., South Korea’s top chemicals firm, said Monday that it has decided to merge with its biotech unit, LG Life Sciences Ltd., in a bid to diversify its business portfolio. “The merger aims to upgrade its future-oriented business portfolio by venturing into the red biotech sector,” LG [...]
SEOUL, Sept. 7 (Korea Bizwire) – Samsung has impressed consumers with iris-scanning technology and dust and water-proof enclosures in its premium phones, and LG, with its dual camera and improved audio capabilities (in the new V20). But how long will these latest technologies remain as signature features exclusive to individual models of premium smartphones? Thinking [...]
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, July 29 (Korea Bizwire) – Samsung Electronics and LG Electronics, South Korea’s two top tech firms competing in the global market, will have to wait until next quarter to see who the winner is in the home appliances sector after their latest operating profit rates showed a tie, industry watchers said Friday. Samsung announced [...]