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LG Electronics Boosts Earnings With OLED TVs, Takes Hit on Smartphones

LG Electronics Boosts Earnings With OLED TVs, Takes Hit on Smartphones

SEOUL, Oct. 26 (Korea Bizwire) — LG Electronics Inc. said Thursday it swung into the black in the third quarter from a year earlier, helped by strong sales of home appliances, although it continued to lose money in the handset business. Net profit came to 336 billion won (US$298 million) in the July-September period, compared [...]

Tech Giants Roll out Budget Handsets Ahead of Flagship Releases in H2

Tech Giants Roll out Budget Handsets Ahead of Flagship Releases in H2

SEOUL, Jul. 10 (Korea Bizwire) — South Korean tech giants are engaging in a fierce competition with mid-end smartphones to grab budget-conscious customers ahead of the launch of their major flagships slated for later this year, industry watchers said Monday. According to industry sources, LG Electronics Inc. is planning to showcase its mid-end smartphone, the [...]