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 [...]
SEOUL, Sept. 19 (Korea Bizwire) — An influential American consumer magazine listed a number of TVs made by LG Electronics Inc. and Samsung Electronics Co. on the Best Big-Screen TV list. U.S. Consumer Reports recommended 11 TVs with a 70-inch screen or larger, sorting them into categories of ‘top-performing’, ‘mid-priced’ and ‘lower-priced’ based on the [...]
SEOUL, June 29 (Korea Bizwire) — LG Corp., South Korea’s fourth-largest conglomerate, said Wednesday it plans to invest more than 2 trillion won (US$1.5 billion) over the next five years in clean technology, as part of efforts to advance in a new growth sector. The group, which has affiliates in various businesses, ranging from consumer [...]
SEOUL, June 2 (Korea Bizwire) — LG Group said Thursday it will work with the Guggenheim Museum to promote its brand and support contemporary artists, in the increasingly overlapping worlds of art and technology. It unveiled the Art & Technology Initiative at the museum in New York on Wednesday, under which the group and two [...]
SEOUL, June 2 (Korea Bizwire) — LG Electronics Inc. on Wednesday unveiled a brand-new LG OLED Objet Collection model that was created by adding an innovative design factor even to the rear, thereby breaking away from standardized TV design. The brand-new model has a U-shaped rear side, with the hollow space functioning as a bookshelf [...]
SEOUL, May 19 (Korea Bizwire) — South Korea’s two electronics giants — Samsung Electronics Co. and LG Electronics Inc. — are intensifying their competition in the beam projector market. LG on Wednesday signed an agreement with Kim Caddie, a golf booking service platform. Based on the agreement, LG expects to supply LG ProBeam laser projectors [...]
SEOUL, April 27 (Korea Bizwire) — Last year, the visual display businesses at Samsung Electronics Co. and LG Electronics Inc. saw drops in the capacity utilization rate from the previous year, but the average sales price per device sold increased, largely thanks to premium TVs, data showed Tuesday. Leaders Index studied the business reports of [...]
SEOUL, April 18 (Korea Bizwire) — A South Korean consortium led by LG has signed an initial agreement with Indonesia’s state-run companies to push for a project worth around US$9 billion to establish an electric vehicle battery supply chain in the Southeast Asian country, a LG unit said Monday. The nonbinding framework agreement was signed [...]