SEOUL, Jul. 19 (Korea Bizwire) – LG Electronics is ramping up its smart factory solutions business, leveraging 66 years of manufacturing and production data combined with artificial intelligence (AI) and digital transformation (DX) technologies. The company aims to aggressively enter industrial sectors with anticipated growth in factory demand, with the goal of achieving revenue of 1 [...]
SEOUL, Jul. 17 (Korea Bizwire) – LG Electronics has once again demonstrated its dominance in the audio-visual technology sector, securing 16 awards at the highly respected Visual Grand Prix (VGP) 2024 Summer Awards in Japan. The company announced its impressive haul on July 16, highlighting the recognition received by its TV and monitor products. The VGP [...]
SEOUL, Jul. 12 (Korea Bizwire) – Samsung Electronics unveiled its first smart ring, the Galaxy Ring, at a launch event in Paris, generating significant consumer interest, particularly regarding the potential inclusion of non-invasive blood glucose monitoring. Similar expectations surrounded the Galaxy Watch 7. However, neither device includes this highly anticipated feature. Non-invasive monitoring refers to methods [...]
SEOUL, Jul. 12 (Korea Bizwire) – LG Electronics announced on July 11 that its subscription-based business model for premium home appliances is experiencing rapid growth, with more than 3 out of 10 customers opting for subscriptions over traditional purchases in June. The tech giant reported that 36.2% of sales for 20 subscription-eligible products at LG Best [...]
SEOUL/PARIS, Jul. 11 (Korea Bizwire) — The head of Samsung Electronics Co.’s mobile division has said the company aims to boost sales of its new foldable smartphones by more than 10 percent, highlighting the addition of advanced artificial intelligence (AI) capabilities. The world’s largest smartphone maker unveiled its latest generation foldable smartphones, the Galaxy Z [...]
SEOUL, Jul. 9 (Korea Bizwire) — Texas Governor Greg Abbott visited Samsung Electronics Co.’s semiconductor facility in South Korea on Tuesday, expressing his appreciation for the company’s investments in the U.S. state. He toured Samsung’s Pyeongtaek Campus, located approximately 60 kilometers south of Seoul, looking around the chip production line and various products, according to [...]
SEOUL, Jul. 9 (Korea Bizwire) – In an unprecedented move, Samsung Electronics’ largest labor union, the National Samsung Electronics Union (NSEU), launched a three-day general strike on July 8, marking the first time in the company’s history that employees have engaged in a “no work, no pay” strike. With over 6,500 union members participating, concerns are [...]
SEOUL, Jul. 8 (Korea Bizwire) – In a surprising turn of events, private label (PB) home appliances are making significant inroads into the South Korean market, traditionally dominated by major corporate brands. This trend, driven by cost-conscious consumers amid high inflation, is reshaping the landscape of the home appliance industry. A prime example of this shift [...]
SEOUL, Jul. 3 (Korea Bizwire) – In an unprecedented move, Samsung Electronics’ largest labor union has declared its intention to stage a full-scale strike, raising concerns about potential disruptions at the tech giant’s operations. The National Samsung Electronics Labor Union, representing approximately 28,000 workers or 22% of the company’s workforce, announced on July 1 that wage [...]
SEOUL, Jul. 3 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has signed a deal to acquire the Netherlands-based home automation company Athom B.V. in a bid to create an open smart home ecosystem and enhance connectivity to home appliances and IoT devices. According to the company, LG Electronics will initially acquire an 80 [...]
