When it comes to corporate startups, judges at the CSS Awards chose LG Electronics.

At the sixth annual Corporate Startup Starts Awards, LG Electronics was recognised as one of the most active businesses working with startups and given an award for its successful collaboration practises in East Asia.

LG Electronics said on Sunday that it has been recognised as an East ...

LG ELECTRONICS PLEDGES USD 5.5 MILLION TO FIGHT AGAINST COVID-19 PANDEMIC IN INDIA

HIGHLIGHTS

• LG has decided to support India in its fight against COVID-19 pandemic.
• Recently many other tech giants and social media such as Twitter pledged support.
• LG will help AIIMS by adding more beds for the treatment of COVID-19 patien...

LG ELECTRONICS SAW NET PROFIT OF $1.05 BILLION IN Q1 2021

Highlights –

• LG Electronics saw net profit of $1.05 billion in Q1 2021.
• Its operating profit also rose 39.1 percent to 1.51 trillion won in Q1.
• On Thursday, shares in LG fell 1.22 percent to 162,000 won on the Seoul bourse.

SAMSUNG ELECTRONICS DEVELOPS AI PROCESSOR WITH HBM CHIP FOR BETTER PERFORMANCE

Highlights – 

• Samsung Electronics develops AI processor with HBM chip for better performance.
• The company integrated AI engines onto its HBM2 Aquabolt.
• The HBM2 Aquabolt is Samsung’s 2nd-generation HBM DRAM chip used for h...

S. KOREA’S MAJOR LISTED FIRMS’ CASH DIVIDENDS ROSE BY 60 PERCENT IN 2020

Highlights –

• S. Korea’s major listed firms’ cash dividends rose by 60 percent in 2020.
• A survey showed the combined dividends by 124 listed firms to be 30.2 trillion won.
• The net profit of the companies was reported to be ...

LG ELECTRONICS REPORTS $233 MILLION NET PROFIT IN Q4 2020

Highlights –

• LG Electronics reports a $233 million net profit in Q4 2020.
• For the whole of 2020, LG Electronics’ net profit increased to 2 trillion won.
• The company saw an increase in sales of its home appliance & air soluti...

LG UNVEILS NEW G1 OLED EVO TV SERIES FOR 2021 IN THE PREMIUM TV MARKET

Highlights –

• LG unveils new G1 OLED evo TV series for 2021 in the premium TV market.
• LG is considered to be the world’s largest OLED TV maker.
• LG announced to boost its NanoCell TV lineup by releasing large models in 2021.
...

S. KOREAN FIRMS TO SHOWCASE NEW INNOVATIONS AT CES 2021 IN ONLINE EXHIBITION

Highlights –

• S. Korean firms to showcase new innovations at CES 2021 in online exhibition.
• The firms have been sponsored by Samsung Electronics Co. and LG Electronics Inc.
• More than 1,950 firms will be taking part in CES 2021.
...

SAMSUNG ELECTRONICS MICROLED TV: BEVY OF RESPLENDENT COLORS AND ALLURING DESIGN

• Samsung Electronics is taking a futuristic step with a lead in the premium TV market. It is launching a new 110-inch TV that employs self-emitting MicroLED technology, the company said Thursday.
• Priced at 170 million won ($156,713), Samsung's MicroLED TVs apparently have be...

SAMSUNG ELECTRONICS AND LG ELECTRONICS LEAD GLOBAL TV MARKET IN FACE OF PANDEMIC

• Samsung Electronics became the largest TV manufacturer in the world today in third quarter of 2020. LG Electronics came second with increased sales, beating Chinese companies.
• According to global market research company Omdia, a sum total of 62.87 million TV units, all valued a...

CHINA’S BOE SHOWN THE DOOR; SAMSUNG AND LG TO MANUFACTURE DISPLAYS FOR IPHONE 12

• China's display maker BOE has reportedly failed to come level with Apple’s aspirations as an OLED panel supplier for Apple’s iPhone.
• BOE’s B7 assembly line at Chengdu, Sichuan district has not passed Apple’s review for OLED supply.

...

SAMSUNG AND LG PROFITS TO RESURGE AS COVID-19 FAILS TO NORMALIZE

• After several months of sales anomalies due to the COVID-19 pandemic, Samsung and LG Electronics are now seeing healthy increase in the demand for appliances.
• This goes so far as some analysts predicted Sunday that the fourth quarter could also be good for the two tech giants a...

LG ELECTRONICS VEERING FROM UNSOUND LCD PANELS TO PROFIT- MAKING OLED

• LG Display, which once basked in attention in the LCD business, it has had to struggle with shifting its business structure from LCDs to next-generation organic light-emitting diodes (OLED).
• Nevertheless, the company's efforts are seeing fruits as the display-making seconda...

APPLE TO ADVANCE i12 PHONE RELEASE IN SOUTH KOREA AMIDST 5G INTENSE TECHNOLOGY

• Apple Inc. is anticipated to introduce its new iPhone 12 series in South Korea earlier than its customary schedule, sources said Monday, as the U.S. tech giant caters to more 5G users here.
• According to officials at local telecom kiosks, they are preparing to sell the iPhone 12...

SHINSUNG E&G COMES FROM BEHIND TO STORM INTO SOLAR POWER BIZ FILLED WITH ENCUMBRANCES

• Exactly one year after Shinsung E&G launched a solar power business; the onset of 2008 global financial crisis was overpowering, forcing the government to shut down subsidy programs for the industry.
• This was followed by an excess of cheap Chinese products flooded the marke...

HYUNDAI TO TEAM UP WITH LG IN FUTURE CAR INTERIOR DESIGN CONCEPT

• LG Electronics enterprisingly entered into a joint collaboration on an exciting display of car interiors with Hyundai Motor Company, the technology giant said Thursday.
• Nicknamed the “Ioniq Concept Cabin,” the model gives you a window into how futuristic vehicles co...

KOREAN NEW DEAL ENTHUSES W 500 BILLION INFUSIONS INTO AI AND BIG DATA PROJECTS

• The Ministry of Science and ICT declared Wednesday that it would infuse 499 billion won ($420.6 million) of associated budget this year to bolster artificial intelligence AI and big data-powered businesses as part of the Korean New Deal.
• The budget will be provided to a bevy of...

SOFTBANK ROBOTICS TO MAKE A CLEAN SWEEP OF KOREAN MARKET

• SoftBank Robotics in a formal announcement Tuesday said it will launch operations in South Korea with its artificial intelligence-enabled vacuum-cleaning robot nicknamed ‘Whiz’.
• The company aims to reduce the margin in assistive robotics market here, which is curren...

LG ELECTRONICS WILL MOVE ITS TWO TV PRODUCTION LINES TO INDONESIA

Highlights –

• LG Electronics Inc. will move two of the country’s TV production line.
• The relocation will happen by the end of the year to Indonesia.
• The company currently runs six domestic TV production lines in its home country....

ZKW GROUP TO BOOST UP INFRASTRUCTURE AND R&D INVESTMENT

Highlights –

• ZKW Group is now under South Korea’s LG Electronics
• The Australian company plans to boost its infrastructure and R&D investment
• ZKW will set up a new logistics center and research lab in Wieselburg, Austria
...