SEOUL, Apr. 3 (Korea Bizwire) — LG Electronics Inc. said Tuesday it clinched a contract with South Korea’s popular K-pop band BTS to promote its smartphones in the global market. Under the agreement, BTS will promote LG Electronics’ smartphones, including a new flagship model expected to be unveiled in June, through advertisements and various other [...]
SEOUL, Mar. 29 (Korea Bizwire) — Global tech manufactures have been cutting costs of premium televisions recently amid the escalating competition in the global market, industry watchers said Thursday. Samsung Electronics Co., which has been promoting QLED TVs, reduced the price of its 55-inch QLED TV, the QN55Q7FN, to US$1,900, down 24 percent from $2,500. [...]
SEOUL, Mar. 20 (Korea Bizwire) – The quality of smartphone manufacturers’ warranty services provided in South Korea fall behind those of other countries despite the average sales prices being higher here, industry watchers said Tuesday. Samsung Electronics Co. is currently preparing the launch of the so-called Samsung Mobile Care service in South Korea, where users can [...]
SEOUL, Mar. 14 (Korea Bizwire) — South Korea has the world’s second-highest average smartphone selling price, data showed Wednesday, apparently due to the strong popularity of high-end flagships. According to the data compiled by Strategy Analytics, the wholesale average selling price of smartphones in South Korea came to US$466 last year, standing only below Japan [...]
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 [...]