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NEWS TAGGED LG
Wednesday 20 November 2024
LG Group to invest KRW1.8 trillion over five years, aiming for net zero carbon emissions by 2050
LG Group (LG) has set a target to achieve net zero carbon emissions by 2050, making it the only South Korean conglomerate to publicly announce specific carbon neutrality goals and...
Wednesday 20 November 2024
LG Electronics reportedly establishing third plant in India
LG Electronics is reportedly planning to establish a third plant in India, continuing its recent production expansions in the country. The move aligns with the company's potential...
Wednesday 20 November 2024
LG Display unveils stretchable panel with 50% expansion, redefining next-gen displays
LG Display (LGD) has revealed a groundbreaking prototype stretchable screen capable of expanding its stretch ratio from 20% to an impressive 50%, pushing the boundaries of flexible...
Wednesday 6 November 2024
LG doubles down in Vietnam: R&D expansion fuels Southeast Asia expansion
LG Electronics has expanded the scope of its R&D base in Vietnam for the second time. Having committed to establishing a comprehensive business system in Southeast Asia, their...
Friday 1 November 2024
LG's transformation pays off, delivering record-high 3Q24 results on 3 core pillars
LG Electronics' strategic transformation efforts are paying off, as evidenced by its record-breaking third quarter 2024 performance, driven by three core pillars: operational efficiency,...
Friday 1 November 2024
LG aims to rank among top 3 in global medical monitor market within 5 years
LG Electronics is following Samsung's lead in pursuing the lucrative medical technology field as a key future revenue source. The company plans to develop its medical technology business,...
Tuesday 22 October 2024
LG bets big on B2B commercial displays and EV charging solutions
LG Electronics' Business Solutions (BS) division plans to nearly double its revenue in the B2B market to KRW 10 trillion (US$7.4 billion) by 2030, focusing on commercial displays...
Monday 14 October 2024
LG's two-pronged transformation strategy: Deepening AI integration and expanding appliance rental services
LG Electronics is transforming from a consumer electronics company into a comprehensive smart living solutions provider.
Tuesday 10 September 2024
Four major players and Chinese upstarts drive OLED TV shipments higher despite challenges
Historically, OLED TVs have lagged behind LCD models in the global market, which ships nearly 200 million units annually. This disparity is largely due to the fewer brands producing...
Monday 2 September 2024
LG Electronics to move beyond home appliances, eyes growth potential in B2B business
LG Electronics CEO William Cho has announced that by 2030, 52% of the company's revenue and 76% of its profits will come from the business-to-business (B2B) sector. Subscription services,...
Friday 23 August 2024
Rising production costs test Samsung, LG's profitability
South Korea's top TV manufacturers, Samsung Electronics and LG Electronics, are grappling with rising production costs as Chinese firms tighten their grip on the LCD...
Tuesday 30 July 2024
LG Innotek to enter GCS market, following Samsung and SK
Glass Core Substrate (GCS) is becoming a trend that major players in the semiconductor supply chain are avidly pursuing. LG Innotek is reportedly contacting material, components,...
Friday 26 July 2024
32-inch dual-mode gaming OLED faces supply shortage despite LG production lines operating at full capacity
The gaming OLED monitor recently launched by LG Electronics has reportedly sold out globally. Despite continuous production increases for said product, it remains "out of stock."...
Tuesday 25 June 2024
LG and Hyundai team up for automotive electronics
Hyundai Motor Group and LG Electronics are teaming up as they shift from home appliances to automotive electronics.
Friday 21 June 2024
LG Electronics, ChargePoint form partnership for commercial EV charging
LG Electronics took another step forward to grow its EV charging business. The South Korean company has become a strategic partner of ChargePoint, a US-based EV charging solution...