SEOUL, June 13 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. are scrambling to assess the impact of Washington’s decision to add home appliances to a list of derivatives subject to a 50 percent steel tariff, according to industry sources Friday. The U.S. commerce department has published a notice on the Federal Register, [...]
SEOUL, May 15 (Korea Bizwire) — LG Electronics Inc. Chief Executive Officer (CEO) Cho Joo-wan said Thursday his company is expanding its focus on business opportunities in emerging markets across Southeast Asia, South America and Africa. “The global economy is entering a new era — shaped by rapid technological and geopolitical changes,” Cho wrote in [...]
SEOUL, May 6 (Korea Bizwire) — South Korea’s home appliances giant LG Electronics Inc. aims to collect 8 million tons of old appliances for recycling by 2030 as part of efforts to promote the circular economy, company officials said Tuesday. The company has retrieved a combined 5 million tons of discarded appliances from across the [...]
SEOUL, May 5 (Korea Bizwire) — Samsung Electronics and LG Electronics are seeing robust growth in their automotive electronics divisions, with first-quarter earnings from these units matching or even surpassing those from their flagship home appliance and television businesses—a sign of accelerating transformation in both firms’ business portfolios. According to industry data released on May 4, [...]
SEOUL, April 25, (Korea Bizwire) — South Korea’s largest corporations are ramping up their responses to the renewed threat of U.S. tariffs under the Trump administration by stockpiling inventory and expanding production within the United States, signaling a shift toward more aggressive contingency planning. During first-quarter earnings calls on April 24, companies across the automotive, [...]
SEOUL, April 25 (Korea Bizwire) — LG Electronics Inc. said Friday it has signed a memorandum of understanding (MOU) with Korea Electric Power Corp. (KEPCO) and Hanwha Corp. to jointly develop next-generation data center cooling solutions. Under the agreement, the three companies will collaborate to build a power-saving data center with a total capacity of [...]
SEOUL, April 21, (Korea Bizwire) — LG Electronics marked Earth Day 2025 with the launch of MyCup, a compact tumbler washer designed for commercial use, as part of the company’s broader push into business-to-business (B2B) subscription services and sustainable innovation. Unveiled on April 21, MyCup integrates LG’s advanced dishwashing technologies — including those from its [...]
NEW YORK, April 5 (Korea Bizwire) — Can artificial intelligence become an emotionally resonant companion or a genuine creative collaborator? That was the central question posed at a screening and panel discussion held Thursday at Parsons School of Design in New York, where the short documentary Being the Machine made its debut. The film, under [...]
SEOUL, April 3 (Korea Bizwire) — LG Electronics Inc. said Thursday it has partnered with Kia Corp. to integrate its artificial intelligence (AI) mobility space solutions into Kia’s automotive technology. The collaboration aims to enhance customer-tailored mobility by incorporating AI-driven solutions and home appliances into Kia’s purpose-built vehicles (PBVs), according to LG Electronics. As the [...]
SEOUL, March 24 (Korea Bizwire) — LG Electronics Inc. said Monday its new advanced organic light-emitting diode (OLED) evo TVs have claimed all top 10 spots in consumer rankings released by U.S. Consumer Report. Consumer Report has recently adjusted its evaluation standards for TV products in terms of creditability, satisfaction, screen resolution and sound quality. [...]