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The Korea Herald

LG

August 12, 2018
LG releases premium smartphone with price tag of W1.99mln

[THE INVESTOR] LG Electronics said on Aug. 12 it will start selling its super-premium smartphone this week for limited sales of 300 units with a price tag of 1.99 million won (US$1,770). The company said it has already sold 200 units of the LG Signature Edition through preorder over the previous ...
August 03, 2018
LG beats Samsung in home appliance profit margin in H1

[THE INVESTOR] LG Electronics profited more for every home appliance sold in the first half of 2018 compared with its bigger rival Samsung Electronics, industry data showed on Aug. 3. Samsung posted sales of 20.1 trillion won (US$17.80 billion) over the January-June period for the home applian...
August 02, 2018
LG Electronics’ smartphone sales hit 5-year low in Q2

[THE INVESTOR] LG Electronics saw its shipment of smartphones around the globe hit a five-year low in the second quarter, data showed on Aug. 2, continuing to lose its presence on the world stage. The Korean tech giant shipped 9.5 million units around the globe to make up just 3 percent of the...
August 01, 2018
LG Electronics opens first overseas AI research lab

[THE INVESTOR] LG Electronics said on Aug. 1 it has opened its first overseas research center devoted solely to the development of artificial intelligence technologies. The Korean tech giant said the Toronto AI Lab in Canada will carry out various research through cooperation with the Universi...
July 26, 2018
LG Electronics’ net profit down 37% in Q2

[THE INVESTOR] Korean tech giant LG Electronics said on July 26 its second-quarter net profit fell 36.6 percent from a year earlier, with the mobile business remaining in the red. Net profit came to 326.5 billion won (US$291 million) in the April-June period, compared with 514.9 billion won po...
July 26, 2018
LG Electronics ranks No. 1 in consumer satisfaction

[THE INVESTOR] LG Electronics came first in four out of 11 segments for kitchen and laundry appliances in the US market, industry tracker J.D. Power said in its report on July 26. According to J.D. Power, LG had the most consumer satisfaction in side-by-side refrigerators, top-mount freezer re...
July 25, 2018
Dyson files lawsuit against LG in Korea

[THE INVESTOR] British home appliance maker Dyson has filed a lawsuit against LG Electronics at a local court, industry sources said on July 25. According to the sources, Dyson sued LG at the Seoul Central District Court, saying LG’s advertisement for the Cord Zero A9 cordless vacuum cleaner ...
July 25, 2018
LG Display posts net loss in Q2

[THE INVESTOR] LG Display said on July 24 it posted a net loss in the second quarter of 2018. The net loss came to 300.5 billion won (US$267 million) in the April-June period, compared with a profit of 736 billion won a year earlier, LG Display said in a regulatory filing. The company also...
July 23, 2018
LG’s clothing care system wins environmental certificate

[THE INVESTOR] LG Electronics’ Styler clothing care appliance won an environmental award from a British evaluator for its water-efficient performance, the company said on July 23. The Korean home appliance giant said Carbon Trust, a British organization that works for carbon reduction and res...
July 19, 2018
LG hosts developers’ conference for AI tech

[THE INVESTOR] LG Electronics said on July 19 it hosted a developers‘ conference on artificial intelligence technologies, reflecting its efforts to penetrate deeper into the new growth engine. The Korean tech giant said it hosted the 2018 Software Engineers’ Energizing Day, where some 600 re...
July 17, 2018
LG Electronics acquires local robot firm

[THE INVESTOR] LG Electronics said on July 17 it has acquired Robostar, a local robot company, as part of its business diversification strategy. The Korean tech giant took over a controlling 30 percent stake in the robot manufacturer. It invested in a 20 percent stake by purchasing 1.95 millio...
July 17, 2018
LG releases G7 ThinQ in S. America

[THE INVESTOR] LG Electronics said on July 17 it has started sales of its latest G7 ThinQ smartphone in the Central and South American markets as it expands overseas sales of the flagship device. The Korean tech giant said the G7 ThinQ reached Brazil and Mexico last week, claiming the new devi...
July 15, 2018
New LG chief opting for change over stability

[THE INVESTOR] Koo Kwang-mo, the fourth-generation leader of LG Group, appears to be seeking a rapid change in the top brass of the fourth-largest conglomerate in South Korea, making sooner-than-expected appointments for key posts at LG Corp., according to the industry on July 15. The 40-year-o...
July 11, 2018
LG sues smartphone maker Wiko for patent infringement

[THE INVESTOR] LG Electronics said on July 11 that it has filed a complaint against European smartphone maker Wiko for breaching its LTE patents. The company filed a lawsuit with the Mannaheim district court in Germany on July 9. The legal action comes after the Korean firm sued US smartphone ma...
July 10, 2018
LG's Koo Bon-joon prepares to depart

[THE INVESTOR] LG Group Vice Chairman Koo Bon-joon is preparing to leave the nation’s fourth-largest conglomerate as his nephew has recently been named the group’s new fourth-generation leader under its “first son-only” succession rule. Last month, LG named Koo Kwang-mo, the only son of late ...

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