SEOUL, July 19 (Korea Bizwire) — LG AI Research, the artificial intelligence lab under LG Group, unveiled the second generation of its giant, multimodal AI model Wednesday, accelerating its efforts to become a force to be reckoned with in the increasingly competitive global AI race. The EXAONE 2.0 operates faster and more efficiently and saves [...]
SEOUL, July 12 (Korea Bizwire) — A dispute over “idea theft” between startup Prinker Korea Inc. and cosmetics giant LG Household & Health Care Ltd. has been resolved through a win-win agreement. The dispute arose when Prinker Korea claimed in February that LG H&H had released a tattoo printer product by stealing the idea of [...]
SEOUL, May 26 (Korea Bizwire) — South Korea’s Hyundai Motor Group and LG Energy Solution Ltd. said Friday they will invest 5.7 trillion won (US$4.3 billion) in a battery cell plant in the United States in the latest move to better deal with the Inflation Reduction Act (IRA) amid growing demand for electric vehicles. The [...]
SEOUL, May 11 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. will take part in the construction of an energy self-sufficient city in Naju, North Jeolla Province, where the headquarters of the state-run utility Korea Electric Power Corp. (KEPCO) are located. The two companies announced on Wednesday that they will cooperate to establish [...]
SEOUL, April 5 (Korea Bizwire) — LG Electronics Inc. on Tuesday announced the launch of a new global afforestation initiative. LG’s Indonesian branch partnered with Jakarta’s Natural Resources Conservation Agency (BKSDA) last year to plant trees in Jakarta and two other cities. As of late last month, the tech firm’s had planted some 19,000 trees. [...]
SEOUL, March 12 (Korea Bizwire) — Samsung Electronics, the world’s largest TV maker, has made a surprising comeback in the OLED TV market after withdrawing 10 years ago due to yield problems. The company recently introduced a new product that will compete directly with its biggest rival, LG Electronics, which has been leading the OLED market. [...]
SEOUL, Nov. 23 (Korea Bizwire) — LG Group’s robot business, for which Chairman Koo Kwang-mo made active investment after picking it as one of the group’s future cash cows, is finally showing signs of improvement in its financial performance. Robostar Co., a robot manufacturing subsidiary of LG Electronics Inc., posted a consolidated revenue of 39.68 [...]
SEOUL, Nov. 4 (Korea Bizwire) — Automotive electronics is emerging as a source of optimism for Samsung Electronics Co. and LG Electronics Inc. amid sluggish semiconductor and TV sales. Samsung’s subsidiary Harman International, a major maker of in-car entertainment systems and car audio equipment, posted sales of 3.63 trillion won and operating profits of 310 [...]
SEOUL, Oct. 4 (Korea Bizwire) — South Korea’s home appliance makers are redoubling efforts to improve customer access to their products, aimed at enabling anyone, including physically handicapped people, elderly people and children, to use them more easily and conveniently. In early August, LG Electronics Inc. released a PuriCare Objet Collection water purifier using the [...]
SEOUL, Sept. 28 (Korea Bizwire) — Youlchon Chemical Co., a South Korean producer of plastic films, said Wednesday it has signed an agreement to supply a key battery component used in electric vehicles to the joint venture company run by LG Energy Solution Ltd. and U.S. General Motors Co. for the next six years. The [...]