SEOUL, Aug. 11 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. said Friday they will attend IAA Mobility 2023, an annual global mobility show to be held in Germany, for the first time, in a step seen as an attempt to gain a bigger share in the fast-growing electric vehicle (EV) parts market. [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korean cosmetics and household goods maker LG H&H Co. said Thursday its Toothbrush Diet Project had won the top prize in the packaging design category at the Red Dot Design 2023 awards. Through the incorporation of a lengthened handle and purposeful gaps between the handle and the body [...]
SEOUL, Aug. 8 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. are poised to introduce a fresh array of offerings at IAA Mobility 2023, slated to take place from Sept. 5-10 in Munich, Germany, aimed at establishing dominance in the automotive electronics market. Samsung’s device solution (DS) division, responsible for the chip business, [...]
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 [...]