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LG Electronics said May 8 it will release its first 5G smartphone, the V50 ThinQ, this week, after working for weeks to ensure its performance under the new network standard. The tech giant had initially planned to launch the V50 in South Korea in late April but pushed back the schedule to opti...
LG Electronics is expected to launch its first 5G smartphone, the V50 ThinQ, in South Korea next week after work to ensure its performance on the new network standard, industry sources said on May 3. The company had initially planned to launch the V50 in Korea in late April but pushed back the sch...
LG Uplus said on May 2 its net profit increased 14.8 percent in the first quarter from a year earlier on the back of strong IPTV and internet business. The nation’s No. 3 mobile carrier said it posted a net profit of 133 billion won ($113.8 million) in the January-March period, compared with 1...
South Korean conglomerate LG Group said on April 11 it has been looking for investment opportunities in various fields to keep pace with fast-changing technology trends and find new growth drivers. LG Technology Ventures, its venture capital investment arm, has invested over $19 million in star...
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...
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