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Samsung and LG Set to Compete with Launch of 2024 TV Models Amid Reviving Market

Samsung and LG Set to Compete with Launch of 2024 TV Models Amid Reviving Market

SEOUL, Mar. 4 (Korea Bizwire) –Following their simultaneous unveiling of integrated washer-dryer units last month, Samsung Electronics and LG Electronics are poised for another face-off with the concurrent launch of their 2024 TV models. Amidst expectations of a market rebound focused on premium TVs after last year’s downturn, both tech giants are doubling down on [...]

South Korean Washing Machines Could Face 50% Tariffs in US

South Korean Washing Machines Could Face 50% Tariffs in US

SEOUL, Nov. 24 (Korea Bizwire) – The United States International Trade Commission (ITC) has recommended a 50 percent tariff rate on South Korean washing machine sold in the U.S. market, a move that could severely hamper sales for the likes of Samsung and LG. The recommendation by the ITC is widely interpreted among South Korean electronics [...]