SEOUL, July 28 (Korea Bizwire) – LG Electronics Inc. posted its biggest quarterly operating profit in two years for the second quarter of this year, backed by strong sales of its home appliances and televisions. LG Electronics reported an operating profit of 584.6 billion won (US$519.6 million) in the April-June period, up 139.5 percent from [...]
SEOUL, July 5 (Korea Bizwire) – LG Electronics Inc. has unveiled two new X series budget smartphones – the X Power and X5. The company first unveiled its X series budget smartphones – the X Cam and X Screen – at the Mobile World Congress in Barcelona. The X5 is equipped with 13-megapixel rear and [...]
SEOUL, June 21 (Korea Bizwire) – South Korean home appliance maker LG Electronics Co. introduced a set of brand new devices Monday that are able to transform conventional household appliances into smart and connected devices which can interact with the latest mobile communication devices. They are SmartThinQ sensors and SmartThinQ Hub. The smart sensor is [...]
SEOUL, June 17 (Korea Bizwire) – The first Korean radio, which was manufactured 57 years ago, is heading to auction. Kobay, an auction company for cultural arts, revealed Thursday that a 1959 radio, model A-501 developed by Goldstar, was submitted for an upcoming auction on June 22, which will take place at 3 p.m. at [...]
SEOUL, June 17 (Korea Bizwire) – LG Electronics unveiled Thursday a new television called the Mosquito Away TV, targeting 1.2 billion Indian consumers. The Mosquito Away TV repels mosquitos by emitting ultrasonic waves that mosquitos are known to find intolerable. LG took into account India’s concerns over mosquito-related diseases such as malaria, dengue fever, and [...]
SEOUL, June 10 (Korea Bizwire) – The names of the major smartphones that will be released later this year are stirring up interest in IT circles. Phone Arena, an IT website, announced that Samsung may name its next Note generation “7” for a synergy effect with its Galaxy S7, the best-selling smartphone of the year. A [...]
SEOUL, June 6 (Korea Bizwire) – According to representatives from the home appliance industry, the market for electric vacuum cleaners is rapidly declining, to the tune of 2 million units annually. But amidst the decline, sales of robot and stick vacuum cleaners are on the rise. Since 2014, cordless vacuums have accounted for half of [...]
SEOUL, June 3 (Korea Bizwire) – Korea’s unyielding economic slump and more frequent corporate restructuring are driving employees to quickly prepare for a hazy future. These employees are referred to as saladents – a portmanteau of the words salaryman and student. According to a retail industry watcher, Hyundai Home Shopping generated 30 billion won in [...]
SEOUL, May 31 (Korea Bizwire) – LG Electronics has long been criticized for its ‘humble’ marketing strategies despite launching products with class-leading features. However, the global electronics giant is now challenging the accusations with radical marketing campaigns. LG recently invited Sierra Blair-Coyle, a professional rock climber, to climb a 33-storey building using only the vacuuming [...]
SEOUL, May 26 (Korea Bizwire) – Organic light-emitting diode (OLED) display panels are forecast to replace liquid crystal display (LCD) panels for smartphones, as Apple Inc. and other smartphone makers are moving to equip their smartphones with OLED display panels, reports showed Thursday. The global shipments of OLED display panels are expected to soar to [...]