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South Korean panel maker LG Display will accelerate its shift from the LCD to OLED business with a new production line in China and expects to get a boost from the country’s demand potential, a senior official said. LGD has been looking for ways to expand its OLED business in the global market...
LG Uplus said on April 4 that it will launch two types of unlimited data plans for 5G smartphones, joining the cutthroat price competition to attract early adopters for the new service. South Korea’s No. 3 mobile carrier, which was the first to unveil its 5G mobile package on last week, offered t...
LG Uplus on April 3 opened a 5G Innovation Lab for tech startups to facilitate collaboration in development of innovative content and services for the new telecommunication standard. The nation’s No. 3 carrier said the 5G Innovation Lab will offer a new network environment and service platform...
LG Electronics’ revenue from its home appliance rental service jumped over the last two years, its business report showed on April 3, as more people opt for renting gadgets to save money on purchases, installations and maintenance. The electronics maker posted 292.4 billion won ($257.20) milli...
LG Chem said on April 2 that it has acquired a key technology and related assets from global high-tech chemical firm DuPont for next-generation soluble OLEDs. Under the deal, LG Chem acquired DuPont’s technologies and patents for soluble OLEDs as well as its R&D and production facilities, it s...
Samsung Electronics and LG Electronics are going head to head in the fight for 5G smartphone market dominance in South Korea. Not long after Samsung revealed plans to begin sales of the world’s first 5G-compatible Galaxy S10 as of April 5, LG Electronics said on March 31 that it would begin sa...
LG Electronics is projected to post a sharp on-quarter rise in first-quarter earnings thanks to strong sales of anti-fine dust products, industry source said on March 28. Analysts predict the South Korean electronics giant will register an operating profit of about 790 billion won ($694 million...
LG Electronics on March 26 unveiled new air conditioners equipped with air purification and other advance features aimed squarely at the premium market. The air conditioners, in particular, provide “all-in-one” air solution features -- cooling, heating, air purification, humidification and de...
More than 90 percent of LG businesses structure will be transformed into the environment powered by cloud computing system within the year of 2023, the conglomerate’s information and technology solution provider said. During a press conference held in Seoul on March 22, LG CNS said it will assu...
South Korean tech firm LG Electronics said on March 21 its new flagship smartphone, the G8 ThinQ, will officially go on sale in the domestic market this week. The G8 ThinQ is priced at 897,600 won ($796) and will hit store shelves on March 22, and be available in the North American and European...
South Korea’s antitrust regulator has launched a probe into LG Group for allegedly awarding lucrative contracts to their affiliates, an official said on March 19. The investigation, by the Fair Trade Commission, is believed to be focusing on the conglomerate’s holding firm LG Corp., LG Electr...
South Korea’s antitrust chief has hinted that the government may approve the acquisition of leading cable TV operator CJ Hello by LG Uplus. Kim Sang-jo, head of the Fair Trade Commission, made the comments to reporters in Berlin last week, saying things have changed from three years ago. I...
LG Uplus will expedite the deployment of the 5G network and develop various services to create new business opportunities, its chief executive said on March 15. LG Uplus CEO Ha Hyun-hoi said South Korea’s No. 3 mobile carrier will offer a wide range of media services to gain a competitive edge...
South Korean conglomerate LG Group had a higher corporate reputation than the country’s biggest chaebol Samsung Group last year, according to a recent survey by a reputation management survey firm. Reputation Institute’s 2019 Global RepTrak released last week showed that LG ranked 48th out of 10...
LG Electronics said on March 7 it will release its flagship smartphone, G8 ThinQ, later this month, as it pushes to market the device at experience zones. The smartphone maker said it opened experience zones for the latest smartphone in 30 of its select shops in the Seoul metropolitan area and ...
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