Samsung Electronics, which employs VA (vertically-aligned) display technology, and LG Display, which adopts IPS (in-plane switching) display technology, are fiercely competing over share of the Chinese LCD TV market.

G Electronics, the local arm of the world's biggest IT&C and electronics supplier, recorded a 20 percent increase in turnover last year, to 152 million U.S. dollars, on important sales on all the company's main sectors, NewsIn informs.

LG beat Samsung in the final rankings to emerge as the channel champion in the LCD category. LG did better than Samsung in four out of the five parameters— price-performance, marketing and branding, service and support, and channel relationships.

Flat-screen maker LG Display expects a more than 50 percent rise in shipments of LCD TV panels in China in 2009, Gyo-Young Song, sales chief in charge of south China, said on Wednesday.

A group of leaders in the wireless industry comprised of Alcatel-Lucent, Ericsson, Huawei, Kineto Wireless, LG Electronics, Motorola, Nortel, Samsung, Starent Networks, T-Mobile and ZTE have announced a joint effort, referred to as the Voice over LTE via Generic Access (VoLGA) Forum

LG Electronics plans to keep spending to develop new products despite a "tough" 2009, unveiling a partnership with YouTube and a dozen new TVs in the midst of the severe economic downturn.

LG Electronics is aiming for 16% overall market share in flat panel TVs and sales of more than 21 million TVs in 2009. By category, the company plans to sell 18 million LCD TVs, giving it 15% market share, and 3 million plasma TVs, for 19% of the market.