Search result for LG ELECTRONICS INC.
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.
LG ELECTRONICS TO SPLIT EV COMPONENTS BUSINESS WITH MAGNA INTERNATIONAL
Highlights –
- LG Electronics to split EV components business with Magna International.
- LG Electronics plans to set up a joint venture with the Canadian auto parts maker to secure the business.
- LG Electronics shareholders passed the pro...
LG ELECTRONICS AND LUXOFT TO EXPAND BUSINESS IN AUTOMOTIVE SOLUTIONS
Highlights –
- LG Electronics and Luxoft to expand business in automotive solutions.
- Both the company’s joint venture Alluto is said to provide solutions for digital cockpit, in-vehicle infotainment, etc.
- The company mentioned tha...
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 ELECTRONICS TO SPEND $45 MILLION TO SET UP PRODUCT TESTING FACILITY
Highlights –
- LG Electronics to spend $45 million to set up a product testing facility.
- The company will set up the same at its second factory in Changwon.
- LG's Changwon 2 factory is said to produce home appliances including washer...
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. ...
LG ELECTRONICS ESTIMATES INCREASE IN FOURTH-QUARTER EARNINGS in 2020
Highlights –
- LG Electronics estimates an increase in fourth-quarter earnings in 2020.
- The company estimated an operating profit of 647 billion won.
- LG’s H&A business unit division logged around 400 billion won in the fourth ...
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. ...
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....