SEOUL, Jan. 6 (Korea Bizwire) – LG Electronics Inc. forecast Friday that it is likely to have returned to the red in the fourth quarter of last year, indicating that its money-losing smartphone business appears to have continued to crumble. LG said it expects an operating loss of 35.3 billion won (US$29.6 million) for the [...]
LAS VEGAS, Jan. 4 (Korea Bizwire) – South Korean home appliance maker LG Electronics Inc. showed its new lineup of flagship organic light-emitting diode (OLED) televisions at an annual U.S. trade show Wednesday, as it seeks to get a bigger slice of the U.S. market for next-generation TVs. The sleek and razor-thin 77-inch TV, displayed [...]
SEOUL, Dec. 16 (Korea Bizwire) – If there is one thing that LG Electronics can boast of with its latest flagship smartphone, the V20, it is the phone’s audio performance, allowing users to play high-resolution sound files through its ambitious Quad DAC (digital to analog converter), and record with its built-in high-quality microphone. LG’s recent [...]
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 [...]