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LG Electronics' net profit rose 7.6% in the first quarter, driven by solid demand for televisions and home appliances. Market analysts largely view the company's pullout from its smartphone business as improving its business and financial health in the long run despite a near-term revenue setback.
MarketWatch
LG Electronics is leaving the smartphone market and plans to complete its exit by July 31. The deals are only going to intensify as that date approaches.
ZDNet
LG Electronics reportedly wants to sell off its smartphone business to Vietnam's Vingroup Co.
BusinessKorea
South Korea-based LG Electronics said on Wednesday it has agreed to set up a $1 billion joint venture (JV) with automotive supplier Magna.
Reuters
LG Electronics said on Monday it had reorganised its mobile phone division to increase outsourcing of its low to mid-end smartphones, which analysts said represented an attempt to cut costs and compete with Chinese rivals.
Reuters
While LG Electronics is releasing the world's first 48-inch OLED TVs in June, panels for the new TVs will be supplied from LG Display's Chinese plant.
BusinessKorea
LG Electronics will showcase its new flagship smartphone with a dual screen and 5G connectivity at the upcoming Mobile World Congress in February, industry sources said Tuesday.
Korea Herald
The accused companies are Arcelik, Beko and Grundig, affiliates of Turkey-based Koc Group, which sell home electronics in European markets.
The Korea Herald
Sales of LG Electronics Inc's new 5G smartphone looked uncertain on Wednesday.
Reuters
LG Electronics plans to relocate its Korean smartphone production line to Vietnam in a bid to cut costs for its money-losing mobile business.
Yonhap News
LG Electronics delivered an earnings shock by recording an 80 percent plunge in operating profit
BusinessKorea
Net profit came to 326.5 billion won (US$291 million) in the April-June period, compared with 514.9 billion won posted in the same three month period in 2017, the company said in a regulatory filing.
Yonhap News
According to industry sources, LG Innotek has almost completed the development of flexible PCBs and would likely to break the ground for related facilities in the latter half of 2017. LG Innotek aims to become a main flexible PCB supplier for Apple and LG Electronics.
The Korea Economic Daily
The United States International Trade Commission (USITC) announced that it will conduct an investigation on certain graphics systems and computing products imported into the country as they allegedly infringe patents owned by Advanced Micro Devices (AMD) and ATI Technologies. The companies filed a complaint with the USITC and the federal agency has identified a number of respondents in the investigation, including LG Electronics, VIZIO, MediaTek, and Sigma Designs.
AndroidHeadlines
The US International Trade Commission began a patent infringement probe on Wednesday after ZiiLabs charged that several firms were importing products to the US in violation of its patents on graphics processors and DDR memory controllers. It identified 17 firms whose products it wanted to examine, including AMD, Lenovo, LG Electronics, MediaTek, Motorola Mobility, Qualcomm and Sony.
Reuters
LG Electronics is not going to apply modularized structure for its next smartphone called 'G6 (tentative)' that is expected to be released in 2017. It is basically withdrawing its strategy of modularization that was first introduced to G5 in just a year.
ETNews.com
Samsung is also reported to considering relocating its European headquarters in London to a location in Europe.
The Korea Herald
Samsung Electronics and LG Electronics unveiled their latest smartphones at the Mobile World Congress industry show in Barcelona on Sunday, seeking to buck the slowdown in industry growth.
Reuters
Taiwan's TSMC will produce the LG-designed chips with using a finer 28-nanometer processing technology.
The Korea Times
LG Electronics is adding 3D-enabled gaming to its smart TVs with the arrival of five titles in its app store, the company said on Sunday.
PC World
LG Electronics Inc. (066570), the world's No. 2 television maker, plans to sell 55-inch sets using the new OLED technology for more than $9,000 in the U.S., two people with knowledge of the matter said.
Business Week
LG Electronics will steal a march on its rivals by bringing forward the launch of a 55-inch flat TV using next-generation technology, raising the stakes in a cut-throat battle for the living room between Asia's top tech powerhouses.
Business Standard
LG Electronics Inc. posted its first profit in three quarters, beating expectations thanks to a revival in its mobile business and demand for high-end TVs.
Business Week
LG Electronics Inc, the world's No.2 television maker, more than trebled its quarterly profit to $393 million on improved margins and a pick-up in high-end TV sales, underscoring South Korea's dominance in an industry once ruled by Japanese rivals.
Reuters
The deal provides LG with a license to IV's extensive patent portfolio.
Company release
Gunnar Optiks announced an alliance with LG Electronics to co-promote Gunnar's premium 3D eyewear to consumers who have purchased LG Cinema 3D HDTVs.
Twice
South Korea-based global electronics company LG Electronics hopes to be the top 3D TV brand globally by the end of next year.
Vietnam Investment Review
Samsung Electronics Co., the world's top TV supplier, is considering a reentry into the Japanese TV market after it quit the country four years ago, an industry source said Tuesday.
Korean Times (USE The Korea Times)
South Korea's LG Electronics said it has tied up with Dutch giant Philips and Japan's Sharp to ramp up production of applications for Internet-powered televisions.
The Peninsula
LG Electronics Inc. said Wednesday its second-quarter net profit fell 87% from a year earlier due to sharply lower investment gains from its flat-panel making unit and squeezed operating margins at its home appliance and air-conditioning businesses.
Wall Street Journal
South Korean consumer electronics giant LG Electronics has slashed its forecast for 2011 smartphone sales as the company struggles to compete against aggressive giants like HTC, Samsung and Apple.
Forbes
LG Electronics (LG) today introduces its next generation DM50D monitor, which includes all the advantages found on LG's game-changing CINEMA 3D TVs in a form factor that fits easily on a desktop. The flicker-free, bright images and lightweight 3D glasses that customers have come to associate with CINEMA 3D can all be found on the DM50D, including Full HDTV. The DM50D is the perfect platform for 3D gaming and movie watching.
Korea IT Times
LG Electronics (LG) today announced that it has implemented one of the world's biggest installations of LED lighting technology in its Twin Towers headquarters buildings in the Korean capital, Seoul.
BusinessIntelligence Middle East
27 Apr 2011
19 Apr 2011
South Korea's LG Electronics has diversified chip suppliers for home appliance products to Hynix Semiconductor and Panasonic away from Toshiba after Japan's devastating earthquake last month.
Reuters
ZTE and Huawei both entered the ranks of the world's top 10 mobile phone manufacturers last year. ZTE, ranked fourth, saw its global market share rise from 2.3% in 2009 to 3.7% last year, while third-ranked LG Electronics' global market share slipped from 10.1% to 8.4%.
Chosun Daily (USE The Chosun Ilbo)
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