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 [...]
SEOUL, April 15 (Korea Bizwire) — LG Electronics Inc. said Thursday that it will release a robot for non-contact disinfection work in the domestic market. LG’s CLOi UV-C Bot is a robot best-optimized for non-contact disinfection work for buildings with abundant separate spaces, including hotels and hospitals. Its key strength is its ability to carry [...]
SEOUL, Jan. 26 (Korea Bizwire) — A host of premium TV models made by South Korean companies are included in the list of TVs recommended as best buys by a U.S. consumer advocacy magazine. Consumer Reports recently selected Samsung Electronics Co.’s 75-inch Neo QLED TV (75QN85) and LG Electronics Inc.’s OLED TV (77CX) as its [...]
SEOUL, Jan. 10 (Korea Bizwire) — At Consumer Electronics Show (CES) 2022, the traditional competition between Samsung Electronics Co. and its home rival LG Electronics Inc. was nowhere to be seen. Samsung plans to release an OLED-based QD Display TV this year, returning to the OLED market currently dominated by LG. “It is something we [...]
SEOUL, Dec. 10 (Korea Bizwire) — LG Electronics Inc. said Thursday that it will showcase new media art using LG OLED TVs at the world-famous modern art museum Saatchi Gallery in London. The exhibition, slated to run from Dec. 9 to 19, will be held under the theme of ‘Hours reinterpreted in digital,’ and will [...]