SEOUL, May 1 (Korea Bizwire) — LG Electronics Inc. outpaced its U.S. rival Whirlpool Corp. in terms of sales in the first quarter of 2020, data showed Friday, on the back of the robust performance of its premium home appliance business division. U.S. home appliance maker Whirlpool posted an operating profit of US$260 million in [...]
SEOUL/WASHINGTON, Jan. 4 (Korea Bizwire) — South Korean tech giants on Wednesday (U.S. time) expressed concerns over Washington’s plan to impose stronger tariffs on washers, claiming the move will have adverse impacts on their hiring of U.S. workers. The remarks came during a hearing hosted by the U.S. International Trade Commission. Following a safeguard petition [...]
SEOUL, Dec. 15 (Korea Bizwire) — South Korean washers are receiving top-notch reviews from U.S. tech evaluators, industry watchers said Friday, amid actions being taken by Washington’s trade watchdog to slap tariffs on some products. U.S.-based industry tracker Reviewed said in its latest report that LG Electronics Inc.’s washer with the model name LG WM9000HVA [...]
SEOUL, Nov. 9 (Korea Bizwire) – Changes in leadership for the U.S. branches of Samsung and LG are causing a minor stir in industry circles as speculation that the former’s success may have been a factor in the latter’s decision. On November 9, it was reported that LG Senior VP of Home Appliance Sales John [...]
SEOUL, Nov. 7 (Korea Bizwire) — LG Electronics Inc. said Tuesday it is preparing for all possibilities amid concerns that the United States may come up with tougher protectionism policies against foreign home appliances. Washington’s International Trade Commission concluded last month that washing machines produced overseas by South Korean firms, including LG Electronics, are hurting [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korean consumer electronics producers Samsung and LG have said American refrigerator manufacturer Whirlpool’s growing calls for U.S. trade authorities to impose safeguard tariffs on its rivals could restrict choices for consumers. The two South Korean electronics giants are increasingly having to defend their position in the U.S. refrigerator market [...]
SEOUL, Oct. 20 (Korea Bizwire) — LG Electronics Inc. said Friday Washington’s steps to impose trade barriers against South Korean washers could give adverse impact on U.S. consumers, saying such changes may also result in the delay of its on-going factory construction in Tennessee. The statement came as the U.S. International Trade Commission determined earlier [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Korean washers topped product reviews by major U.S. consumer evaluators, industry watchers said Thursday, as Washington’s trade commission moves to take protectionist steps. Earlier this month, the U.S. International Trade Commission (ITC) determined that products made by Samsung Electronics Co. and LG Electronics Inc. are exerting an adverse [...]
SEOUL, July 30 (Korea Bizwire) – In the second quarter this year, Samsung Electronics led the front-loading washing machine market in the United States for the first time since its 2006 debut in the segment. According to TraQline, a market researcher, Samsung posted a 22.3 percent market share in the segment, beating out LG Electronics [...]