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 [...]
SEOUL, April 5 (Korea Bizwire) – As a gray haze caused by fine dust continues to blanket South Korea, home appliance companies are enjoying booming sales with some companies running additional production lines over the weekend. Growing public concern over the health effects of fine dust and air pollution in the country are turning air [...]
SEOUL, March 22 (Korea Bizwire) – LG Electronics Inc.’s latest flagship smartphone G6 has drawn a bigger-than-expected market response in South Korea, industry data showed Wednesday, with its sales expected to fare well down the road. According to the data compiled by industry tracker ATLAS Research & Consulting, the LG G6 powered by South Korea’s [...]
SEOUL, Feb. 23 (Korea Bizwire) – LG Electronics announced Thursday the launch of a new OLED TV series to be added to its “Signature” lineup of household appliances. The new LG Signature 4K OLED W series boasts an OLED panel that is only 4 millimeters thick. The “W” stands for wallpaper, and refers to the TV’s new [...]
SEOUL, Jan. 30 (Korea Bizwire) – A shift in color trends for home appliances is playing out as the consumer electronics industry rushes to introduce increasingly dark toned products in the market. According to industry watchers, Korean tech giants Samsung and LG are launching new refrigerator and washing machines in black or metallic hues. Samsung [...]
SEOUL, Jan. 23 (Korea Bizwire) – “Thinner” and “lighter” have long been the mantra for laptop manufacturers. The focus is now shifting to battery power in Korea, with two of the country’s largest laptop makers – Samsung Electronics and LG Electronics – highlighting the battery capacity of their latest computers. Samsung added last month a [...]
SEOUL, Jan. 19 (Korea Bizwire) – LG Electronics Inc.’s upcoming G6 smartphones will come with Google Inc. voice assistant service, industry sources said Thursday, as the South Korean company struggles to compete against its rivals. LG’s new flagship models — to be unveiled next month — will carry the U.S. tech giant’s artificial intelligence (AI) [...]
SEOUL, Jan. 12 (Korea Bizwire) – LG Electronics Inc. said Thursday it will unveil its next flagship smartphone, the G6, at an annual technology fair in Spain next month, as it struggles to revive its money-losing smartphone business. In a teaser video released earlier in the day on its YouTube and Facebook accounts, LG hinted [...]