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Tuesday, April 20, 2021
Korean tech giant will focus on AI and EV parts The world’s handset producers compete to fold their smartphones. In comparison, Korea’s LG Electronics is set to fold its mobile phone business due to mounting losses. The Seoul-based firm said this...
Home appliance giant vies to tap into global markets LG Electronics strives to expand its footing in the global clothing care market by tapping into more than 50 international markets with its advanced dryers this year. The Seoul-based company said May...
Virus pandemic does not chip away at bottom lines of big firms Due to the virus pandemic this year, most South Korean companies are struggling to find their feet because consumers are less ready to spend. But not all players...
Korean battery manufacturers warned of punitive damage suits South Korean battery maker Samsung SDI will be subject to a punitive damage suit in the United States this year, and its local rival LG Energy Solutions is also feared to face...
LG has teamed up with General Motors South Korea’s powerhouse LG Energy Solution will build $2.3 billion battery cell factory in the United States through its joint venture firm with General Motors. LG Energy Solution said on April 17 that the...
Korean company grants use of patents for premium refrigerators LG Electronics is licensing its patented refrigerator door-ice making technology to GE Appliances, which was acquired by Haier in 2016. But it did not disclose specific terms. The Seoul-based home appliance manufacturer...
LG Electronics said on March 6 that it will launch its 2019 premium TV lineup this week. The Seoul-based electronic giant made it clear that it will focus on OLED and NanoCell TVs this year. The company expected that OLED...
Home appliance giant vies to preempt AI competition The competition heats up among electronics giants to preempt the artificial intelligence (AI)-related markets and Korean players including Samsung and LG also proactively take part. LG Electronics announced May 17 that the Seoul-based...
When it comes to smartphones, Samsung Electronics steals the show this month with its foldable phone (Galaxy Fold), flagship model (Galaxy S10) and budget devices (Galaxy A30 and A50). LG Electronics by no means sits idly to see its cross-city...
Two flagship products stand out LG Electronics has won Red Dot awards for 29 products, the Seoul-based info-tech giant said on March 27. LG noted that its SIGNATURE OLED TV R and SIGNATURE bottom-freezer refrigerator got best of the best awards. Red...

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