Robostar Archives | Be Korea-savvy

LG’s Robot Subsidiary Back in Black After Long Years of Sluggish Performance

SEOUL, Nov. 23 (Korea Bizwire) — LG Group’s robot business, for which Chairman Koo Kwang-mo made active investment after picking it as one of the group’s future cash cows, is finally showing signs of improvement in its financial performance. Robostar Co., a robot manufacturing subsidiary of LG Electronics Inc., posted a consolidated revenue of 39.68 [...]

LG Doubles Down on Robots as Subsidiary Returns to Profitability

SEOUL, July 15 (Korea Bizwire) — Robostar Co., a robot manufacturing subsidiary of LG Electronics Inc., is now at a turning point for full-scale growth with the South Korean tech giant selecting the robot business as one of its future cash cows. The company is now hiring a large number of new and experienced employees [...]