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Tuesday 12 September 2023
Battery maker LG eyes US market to lift energy storage sales
South Korean battery maker LG Energy Solution Ltd. is considering an expansion of its production in the US in a bid to triple sales from energy storage systems, according to a senior...
Monday 11 September 2023
European workers not as diligent as Koreans, LG Energy says
South Korean battery maker LG Energy Solution Ltd. is struggling to ramp up production at its plant in Poland, partly because of the attitude of local workers, its chief technology...
Monday 11 September 2023
China's ban on foreign handsets mainly aimed at iPhones, but may also hit Samsung, LG
While Apple is about to launch its iPhone 15 series, the Chinese government reportedly has ordered civil servants to stop using overseas brand mobile phones. The directive, in addition...
Monday 11 September 2023
Samsung to equip all home appliance products with NPUs in 2024
Samsung Electronics regards artificial intelligence (AI) as a key innovation for next-generation home appliances, and starting from 2024, the company plans to equip all its new home...
Friday 8 September 2023
New Chinese TV products take over IFA; Samsung and LG hold firm and embrace "future home"
Chinese TV makers like TCL and Hisense showcased several new ultra-large Micro LED and Mini LED TV products at IFA Berlin 2023. It appears that they are setting Samsung Electronics...
Tuesday 5 September 2023
LG Magna e-Powertrain to build first European production facility in Hungary
LG Magna e-Powertrain, a joint venture between LG Electronics and tier-1 automotive supplier Magna International, announced on September 4 that it will build a new production facility...
Monday 4 September 2023
Competition in high-end TV market heats up as China joins the fray
As China's TV market share continues to rise, it has intensified its targeting of South Korean brands. Despite Samsung Electronics and LG Electronics still dominating a significant...
Friday 1 September 2023
Samsung and LG still dominate global TV market in first half of 2023
In the first half of 2023, the two major South Korean brands, Samsung Electronics and LG Electronics, continued their dominance of the global TV market. Samsung maintained its spot...
Thursday 31 August 2023
OLED adoption in cars to accelerate
The collaboration between LG Display (LGD) and Mercedes-Benz on automotive OLED panels is expected to help accelerate adoption of OLED technology in the automotive industry, according...
Tuesday 29 August 2023
Skyworth reportedly to take over LGD Guangzhou plant
LG Display's 8.5G LCD fab in Guangzhou, China is reportedly up for sale and may be acquired by Chinese firm Skyworth, according to industry sources.
Monday 28 August 2023
Samsung, LG launch ultra-large microLED TVs with different marketing directions
Samsung Electronics and LG Electronics recently have both launched ultra-high-end, oversized TVs that are priced at over KRW 100 million (US$75,000) and feature next-generation microLED...
Monday 24 July 2023
Samsung, LG pushing investments in graphene for semiconductors and home appliances, says paper
Samsung Electronics and LG Electronics are gearing up for the development of graphene-based components to improve the durability and energy efficiency of their products such as semiconductors...
Thursday 20 July 2023
South Korea's LG unveils AI software for use across its units
South Korea's LG Group introduced an upgraded version of its artificial intelligence software, and demonstrated how it can be used across its businesses ranging from electronics to...
Friday 14 July 2023
FPD equipment market to bottom out in 2023 and recover with 153% rise in 2024
After peaking near US$21 billion of revenue in 2017, the market for capital equipment used to manufacture OLEDs and LCD panels has suffered from continuous annual declines as the...
Thursday 13 July 2023
LG Electronics targets KRW20 trillion in automotive component sales by 2030
Automotive electronics will drive LG Electronics' growth in the coming years. The company announced on July 12 that it aims to reach KRW20 trillion in car component segment revenue...