South Korea’s most valuable company Samsung Electronics topped the global TV market for 18 consecutive years, according to business tracker Omdia on Feb. 19.The London-based organization noted that Samsung Electronics carved out 30.1% of the international TV market last year in terms of sales values
Tech giant taps into new businessSouth Korea’s LG Electronics announced on May 26 that it had started rolling out electric vehicle chargers in line with the global trends of electrifying mobility.Four models were disclosed, including a 7kW wall-mounted product and a 7kW stand-type one. The capacity
More companies tap into auto industrySouth Korean home appliance maker LG Electronics announced on March 9 that it had launched its Vietnamese affiliate to strengthen its automotive parts business.LG noted that the new subsidiary in Hanoi would be tasked with working on in-vehicle infotainment syste
GM Bolt recall weighs on profitability of Korean electronics companySouth Korea’s LG Electronics saw its third-quarter operating profit almost halve from a year ago due to costs related to GM Bolt’s recall of battery cells.The Seoul-based company announced on Oct. 12 that its operating income amount
Korean company grants use of patents for premium refrigeratorsLG 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 said June 27 that G
LG starts to sell advanced productsLG Electronics announced June 4 that it will launch sales of the world’s first 8K OLED TV, the model 88Z9. Pre-orders for the 88-inch product will start this week in Korea.The Seoul-based company said that the much-anticipated products will be available in such key
Korean tech giant hires Darin GrahamLG Electronics strives to beef up its competitiveness in artificial intelligence (AI) through recruiting a globally-renowned expert in the highly-prominent segment.The Seoul-based company said May 29 that it tapped Darin Graham as the chief of its AI research cent
Home appliance giant rolls out Amazon Alexa supportLG Electronics plans to roll out Amazon Alexa support in a total of 14 countries to its 2019 TV models featuring artificial intelligence (AI) beginning this month.Included in the countries are Austria, Australia, Canada, France, Germany, India, Irel
Home appliance giant vies to tap into global marketsLG 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 22 that it will increase the availability of its
Home appliance giant vies to preempt AI competitionThe 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 company has dev
16 LG products recognized for design excellenceA jury panel comprising 67 design experts have agonized over 6,375 products over the past weeks to decide 66 best ones, which will receive the iF Gold Award.Among the 66 accolades, Korea’s LG Electronics clinched up to 16. In particular, the company sai
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 models will explain a fifth of its high-end TV portfolio. An OLED refers to org