LG Electronics
- Business
LG to exit EV charger business amid global demand slowdown
Seoul: LG Electronics said on Tuesday it will exit the electric vehicle (EV) charger business, citing prolonged global demand stagnation in the EV market. The company’s EV charger-manufacturing subsidiary, HiEV Charger, will…
- Technology
LG Electronics’ operating profit drops in Q4
Seoul: LG Electronics, South Korea’s leading home appliance maker, on Wednesday estimated its fourth-quarter operating profit decreased more than 53 percent from a year earlier due to global economic uncertainties. Operating profit…
- Telangana
Consumer Forum orders Reliance, LG to pay for ‘faulty’ washing machine
Hyderabad: K. Jyothi, who purchased a washing machine for Rs 37,938 in July 2022, has won a case against Reliance Retail Limited and LG Electronics Ltd after the machine malfunctioned multiple times.…
- Business
LG targets over $725 million in sales from smart factory solutions by 2030
Mumbai: More than 77 per cent of Indian startups now invest in advanced technologies such as artificial intelligence (AI), machine learning (ML), internet of things (IoT) and blockchain, a report showed on…
- Business
LG launches next-gen AI TVs in different sizes in India
New Delhi: LG Electronics on Wednesday launched the next generation of artificial intelligence (AI) TVs in different sizes starting from 43-inch to 97-inch in India. The 2024 lineup features LG OLED evo…
- Business
LG Electronics reports 11 pc decline in Q1 profit as costs rise
Seoul: LG Electronics said on Friday that its operating profit for the first quarter of this year fell more than 10 per cent from a year earlier, due to rising costs and…
- News
LG Group to invest over $74 billion into future tech by 2028
Seoul: LG Group said on Wednesday it will invest 100 trillion won ($74.4 billion) in South Korea by 2028 to sharpen future technologies and seek new growth drivers. Unveiled at the group’s…
- Business
LG invests $60 million in US startup Bear Robotics
Seoul: LG Electronics said on Tuesday it has made a $60 million strategic investment in Silicon Valley-based startup Bear Robotics in a move to strengthen its business capabilities in the booming market…
- Business
LG Electronics’ operating profit jumps over 33% in Q3
Seoul: LG Electronics said on Friday that its third-quarter operating profit jumped more than 33 per cent on brisk sales of new-platform services and automotive electronics, beating market expectations. The company said…
- Technology
LG unveils latest multimodal AI model for professional use
Seoul: LG AI Research, the artificial intelligence lab under LG Group, unveiled the second generation of its giant, multimodal AI model on Wednesday, accelerating its efforts to become a force to be…
- Technology
LG plans $39.5 bn investment to hit $79 bn in sales by 2030
New Delhi: LG Electronics aims to spend $39.5 billion in research and development, facility and strategic investment as it aims to reach $79 billion in sales by 2030, up from $51.4 billion…
- Business
LG sets up 1st overseas TV R&D lab in Indonesia
Seoul: LG Electronics said on Thursday it has established its first overseas research and development (R&D) lab for home entertainment products in Indonesia as part of its efforts to accelerate its inroads…
- Technology
LG Electronics’ Q1 profit down 23% on sluggish demand
Seoul: LG Electronics on Friday said its operating profit for the January-March period likely declined 23 per cent from a year earlier amid the on-going macroeconomic woes that dampened consumer demand. The…
- Business
LG Electronics Q4 operating profit down 91.2% in Q4
Seoul: LG Electronics estimated its fourth-quarter operating earnings at 65.5 billion won ($51.6 million), down 91.2 per cent from a year earlier. Revenue increased 5.2 percent on-year to 21.85 trillion won, marking…
- Technology
LG Innotek will reveal new camera module at CES 2023
San Francisco: Major supplier of mobile camera modules LG Innotek has announced that it will introduce a new ‘optical telephoto zoom camera module’ at the Consumer Electronics Show (CES) 2023. The module…
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