SEOUL, July 2 (Korea Bizwire) — LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, on Friday said it will invest 100 billion won (US$87.9 million) in Kakao Mobility Corp., the country’s leading taxi-hailing firm, for future growth. LG said the investment will allow its affiliates, including LG Energy Solution Ltd. and [...]
SEOUL, May 28 (Korea Bizwire) — The South Korean unit of Apple Inc. will run a trade-in program to woo LG Electronics Inc.’s smartphone users, industry insiders said Friday, in a move to expand its presence on the home turf of Samsung Electronics Co., the world’s largest smartphone vendor. Apple’s smartphone exchange scheme with local [...]
SEOUL, May 12 (Korea Bizwire) — Samsung Electronics Co. and LG Group decided Wednesday to offer paid leave to workers who receive a COVID-19 vaccine shot following health authorities’ recommendation. Samsung’s decision came one day after its labor union requested paid time off for COVID-19 vaccinations. Employees who take a day off to get vaccinated [...]
SEOUL, April 11 (Korea Bizwire) — SK Innovation Co. agreed to pay 2 trillion won (US$1.78 billion) to settle an electric vehicle battery dispute with LG Energy Solution Ltd. and withdraw all their other pending litigations to end their two-year legal battle, the two companies said Sunday. The two Korean battery makers announced the results [...]
SEOUL, Feb. 5 (Korea Bizwire) — South Korea’s two largest home appliance makers — Samsung Electronics Co. and LG Electronics Inc. — are set to begin their duel in the vacuum cleaner market, industry observers said Friday, as they released new products boasting upgraded charging stations. LG began to sell its new CodeZero ThinQ A9S [...]
SEOUL, May 14 (Korea Bizwire) — South Korea’s home appliance makers are entering a heated battle over refrigerators with water dispensers after they recently released products highlighting advanced sterilization systems and smart control solutions. LG Electronics Inc., Samsung Electronics Co. and Winia Dimchae Co. are all vying for the top position in the segment. LG [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s two tech giants — Samsung Electronics Co. and LG Electronics Inc. — said Tuesday they will unveil their new home appliance products at a U.S. trade show for the kitchen and bath market, highlighting their built-in design and artificial intelligence (AI) solutions. Samsung and LG are among [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korean home appliance makers are already gearing up for the summer season as they introduced their latest lineup of air conditioners to attract consumers here. Samsung Electronics Co. and LG Electronics Inc. launched the 2020 versions of their air conditioners this week, emphasizing upgraded artificial intelligence (AI) and [...]
SEOUL, Jan. 15 (Korea Bizwire) — After a brief pause, Samsung Electronics Co. and LG Electronics Inc. are set to intensify their tech battle in TVs with their latest and cutting-edge technologies, industry insiders said Wednesday. Samsung and LG were the two main players anchoring South Korea at the Consumer Electronics Show (CES) 2020, which [...]
SEOUL, Nov. 5 (Korea Bizwire) — South Korean electronics maker LG Electronics Inc. said Tuesday it has filed a patent infringement suit against China’s Hisense in the United States to protect its TV technologies. LG said it filed complaints against American and Chinese branches of Hisense in a district court in California, claiming most of [...]