SEOUL, Mar. 8 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc., the world’s top-two TV makers, are staging a pitched battle to clinch a bigger slice of the global high-end TV market, which has been fast growing in recent years, industry sources Thursday. In an extravagant showcase event in New York, global tech [...]
SEOUL, Feb. 21 (Korea Bizwire) — Samsung Electronics Co. and its rival LG Electronics Inc. are likely to release their new smartphones in early March, setting the stage for heated competition between the two, industry sources said Wednesday. Mobile carriers are expected to receive preorders for Samsung’s Galaxy S9 smartphone starting Feb. 28, with an [...]
SEOUL, Jan. 30 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. said Tuesday they have set up new logistics facilities in the United States in an apparent move to better cope with U.S. safeguard measures. Samsung Electronics America has signed a deal with a real-estate firm to lease a 421,000-square-foot facility in Edgefield [...]
SEOUL, Jan. 18 (Korea Bizwire) – A senior executive of LG Electronics Inc. on Thursday dismissed U.S. President Donald Trump’s claim that South Korea is dumping washing machines into the United States. Dan Song, president of LG Electronics’ home appliance & air solution division, said there is no chance of dumping by South Korean companies, as the U.S. has been cracking down on any dumping by South Korean firms. “We do not have any room [...]
SEOUL, Jan. 16 (Korea Bizwire) – LG Electronics Inc. said Tuesday its latest energy-efficient dryer has gained popularity in South Korea in recent weeks. Four weeks after its launch, sales of the LG TROMM Dual Inverter Heatpump Dryer stood at more than three times that of the previous model, the company said. LG said more [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korean air conditioner manufacturers will begin selling new air conditioners this month, well ahead of summer, promoting models with artificial intelligence (AI) and the Internet of Things (IoT) technology, industry sources said Tuesday. IoT is a concept in which objects are connected to the Internet and identify themselves [...]
LAS VEGAS, Jan. 11 (Korea Bizwire) — New products from South Korea’s Samsung and LG received rave reviews from multiple foreign media after their showcase at the Consumer Electronics Show under way here Thursday. Samsung Electronics’ “The Wall,” the first MicroLED TV, and the rollable display from LG Display stood out the most, being selected [...]
LAS VEGAS, Jan. 11 (Korea Bizwire) – LG Electronics Inc. will begin operation of its washing machine plant in Tennessee several months earlier than scheduled, a top company official said Wednesday, in an apparent move to better cope with possible U.S. safeguard measures. Jo Seong-jin, CEO of the South Korean tech giant, said the company had planned to begin the operation of the US$250 million plant in February 2019, but it [...]
SEOUL, Jan. 11 (Korea Bizwire) – Samsung is the most popular employer of choice for young Chinese adults, according to the results of a survey carried out by the Shanghai branch of the Korea International Trade Association (KITA) last December. The answers given on the survey, which asked questions about working for South Korean companies, [...]
SEOUL, Jan. 3 (Korea Bizwire) – Aside from “business”, “value”, “customer” and “innovation” were the keywords most commonly uttered by the leaders of South Korea’s top 10 conglomerates in their New Year’s addresses. Data provided by leadership assessment service CEOscore revealed that after “business”, which was uttered a leading 32 times, value, customer and innovation [...]