SEOUL, Sept. 25 (Korea Bizwire) — LG Group is trying to chart a new course in its second year under the leadership of a 40-something chairman who is adding a dose of “do whatever it takes” to the old “don’t overdo it” mindset. South Korea’s fourth-largest conglomerate, whose businesses range from electronics and telecom to [...]
BERLIN, Sept. 9 (Korea Bizwire) — Consumers who want the best picture quality TVs available now will look to QLED models by Samsung Electronics and OLED TVs by LG Electronics, and they are likely to see 8K next to a price tag of several thousand dollars. 8K refers to the highest-resolution standard for content creation, [...]
SEOUL, Jun. 19 (Korea Bizwire) — LG Electronics Inc. said Wednesday it plans to release its V50 ThinQ in the United States this week with Verizon, its second American telecom partner for the 5G smartphone. The V50 arrived in the U.S. market last month to become Sprint’s first 5G phone and will go on sale [...]
SEOUL, Mar. 10 (Korea Bizwire) — South Korean electronics, chemical and telecommunication conglomerate LG’s global reputation outpaced such household names as Samsung, Amazon and Apple, an international corporate assessment report showed Sunday. According to Reputation Institute’s 2019 Global RepTrak 100, LG ranked 48th, making the top 50 list for the second year in a row. [...]
SEOUL, Aug. 21 (Korea Bizwire) — Samsung Electronics Co. on Tuesday showcased a new garment care appliance that allows users to remove dust and odor at home, seeking to take a slice of the market from LG Electronics Inc.’s Styler, which has dominated the segment. The tech giant’s release of a clothes refresher apparently came [...]
SEOUL, Jun. 27 (Korea Bizwire) — LG Foundation, a charity organization under the South Korean conglomerate LG Group, said Wednesday it will expand the scope of its existing education program for bilingual students amid the rise of international marriages in the country. LG said it partnered with the education ministry and Hankuk University of Foreign [...]
SEOUL, May 31 (Korea Bizwire) — LG Electronics Inc. is set to break away from its traditional sales strategy of launching smartphones at home first and then expanding the release to overseas markets, industry watchers said Thursday. The outlook came as the South Korean tech giant, which wants to customize sales plans for individual countries, [...]
SEOUL, May 4 (Korea Bizwire) — Samsung Electronics Co. saw its market share in the North American smartphone market increase in the first quarter compared to the year before, data showed Friday, while its smaller South Korean rival LG Electronics Inc. lost ground. According to the report by industry tracker Strategy Analytics, Samsung took 28.6 [...]
SEOUL, Apr. 19 (Korea Bizwire) — The demand for larger television sets has been growing over the past few years in South Korea, industry data showed Thursday, alongside lower average prices. Industry data showed the average size of Samsung Electronics Co.’s TVs sold in the country came to 54 inches last year, up sharply from [...]
SEOUL, April 16 (Korea Bizwire) — Samsung and LG are reportedly considering ending the production of 40-inch screens in China amid a mushrooming Sino-American trade war. According to sources close to the industry, the two South Korean electronics companies are toying with the idea of moving production lines of 40-inch LCD screens after the U.S. government [...]