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.

LG WILL OFFER SOFTWARE UPGRADES FOR ITS SMARTPHONES FOR 3 YEARS

Highlights –

• LG will offer software upgrades for its smartphones for 3 years.
• The company is set to depart from its mobile business after July 31.
• LG will further extend its latest mobile’s OS guarantee by one year.
• L...

LG ELECTRONICS ANNOUNCES TO END ITS NO PROFIT MOBILE BUSINESS

Highlights –

• LG Electronics announces to end its no profit mobile business.
• The company in a regulatory filing announced to no longer produce and sell handsets after July 31.
• LG's mobile business has reportedly been in the red sin...

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.
...

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...

LG ELECTRONICS TO SET UP BUSINESS UNIT IN SILICON VALLEY ENVISIONING FUTURE GROWTH

• LG Electronics, a major MNC in South Korea manufacturing consumer goods said on Thursday that it will set up a new business unit in the United States to seek future growth visions.
• Addressed as LG's North American Innovation Center, it will touch base in Silicon Valley, in ...

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 TO CONNECT ELECTROLUX IN A LANDMARK DEAL FOR REFRIGERATOR ICING TECH

• LG Electronics said Monday it has inked a license agreement with European electronics company Electrolux to provide its copyright protected icing technology for French door refrigerators.
• The Swedish consumer appliance manufacturer Electrolux entered into a patent licensing dea...