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The Korea Herald

LG

November 06, 2019
Macquarie selected as preferred bidder to acquire stake in LG CNS

Australia-based private equity fund Macquarie has been chosen as the preferred bidder to acquire a 35 percent stake in LG CNS, LG Group’s holding company said Nov. 6. LG Corp. didn’t reveal the bidding price from Macquarie, but industry observers estimate the deal could be worth around 1 tril...
November 05, 2019
LG sues Chinese TV maker Hisense over patent infringement

LG Electronics said on Nov. 5 that it has filed a patent lawsuit against Hisense, a Chinese electronics maker, in the US for breaching its TV patents. The South Korean tech giant said the Chinese firm has infringed on four types of its TV patents, including a solution to improve user interface, an...
October 30, 2019
LG, Qualcomm to develop automotive infotainment platform

LG Electronics and US chipmaker Qualcomm said Oct. 30 they are joining hands to develop an in-vehicle infotainment platform for connected cars. The companies have signed a strategic partnership to develop the automotive platform, which combines entertainment and information delivery for both dr...
September 26, 2019
LG to release V50S in S. Korea next month

LG Electronics said Sept. 26 it will launch its latest flagship smartphone, the V50S, in South Korea on Oct. 11. The second dual-screen phone V50S will be released as a 5G model in the domestic market for 1.12 million won ($991) via the nation’s three mobile carriers and online shopping malls....
September 20, 2019
Troubled LGD mulls to shut down OLED plant for Apple Watch

LG Display is considering shutting down its E2 OLED display factory in Paju, Gyeonggi Province in the face of widening losses, according to news reports on Sept. 20. The South Korean display manufacturer rolls out 4.5th generation flexible OLED displays, measuring 730 millimeters by 920 millimete...
September 19, 2019
LG Display woos Chinese partners, seeks to expand OLED biz

LG Display, which has struggled with its money-losing LCD business in recent years, is making efforts to grow its OLED TV display business by attracting Chinese partners. As part of the display company’s efforts to speed up the transition from traditional LCDs to the emerging OLEDs, the display m...
September 16, 2019
LG Uplus to offer 5G roaming service in China

Korean mobile carrier LG Uplus said Sept. 16 it will roll out 5G roaming service in China in partnership with a state-run telecom operator, China Unicom. The preliminary service began earlier in the day for LG Uplus’ 5G customers visiting China, and the full-fledged mobile service will be laun...
September 08, 2019
[IFA 2019] LG says Samsung’s 8K TVs fail internationally agreed standards

BERLIN -- LG Electronics went on record on Sept. 7 to claim that Samsung’s 2019 8K TVs do not meet the international standards for 8K resolution and that the company is effectively deceiving consumers. ICDM set the threshold for CM levels for text-displaying screens at 50 percent and image-displa...
August 18, 2019
Can LG smart fridge actually tweet?

A tweet by a teenager living in Kentucky, the US, made LG Electronics ’ smart refrigerator go viral globally this week, raising the question of whether the fridge could be used to tweet. A fan of singer Ariana Grande, named Dorothy, tweeted Aug. 8 that she was posting via LG’s smart fridge as ...
July 23, 2019
LG Display sees losses for two straight quarters in Q2

South Korean display maker LG Display said on July 23 that it posted an operating loss of 368.7 billion won ($312.7 million) in the April-July period, marking two consecutive quarters in the red. It logged 5.35 trillion won in sales, down 5 percent on-year, in the same quarter. The company said t...
July 23, 2019
LG Electronics launches mobile wallet service in US

LG Electronics said on July 23 it has launched a mobile payment service for G8 smartphone users in the United States and plans to expand the number of smartphone models that can use the service in the coming months. Similar to Samsung Pay, LG Pay is more advanced than Google Pay and Apple Pay, ...
July 16, 2019
LG launches home brewing beer machine

LG Electronics on July 16 launched a home brew machine that makes fresh beer out of capsules with minimum hassle to appeal to a rising number of craft beer lovers. Brewing beer has been considered a hobby with a high barrier to entry because brewers should keep a close eye throughout the proces...
July 09, 2019
LG Display’s OLED plant in China set to begin full operations next month

LG Display said on July 9 that operations at its OLED factory in China will be put into full swing next month to ramp up its production capacity of premium panels in the key market. The company has invested about 5 trillion won ($4.2 billion) to build the Guangzhou factory for the production of...
July 05, 2019
LG Electronics’ Q2 operating profit down 15.4%

LG Electronics said on July 5 its second-quarter operating profit is expected to have dropped 15.4 percent from a year earlier, mainly due to its sluggish smartphone business. In an earnings guidance, the South Korean electronics maker said it expects to post 652.2 billion won ($557 million) in...
June 20, 2019
LG Display tops auto display market in Q1

LG Display shipped the most automotive displays in the first quarter, beating Japan Display to take over the top spot in the fast-growing sector, industry data showed on June 20. The display arm of LG Electronics shipped 6.08 million auto displays in the January-March period, up 32.5 percent fr...

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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