LG Electronics and CJ Logistics will enter the next-generation logistics robot market. LG Electronics said it will sign an MOU agreement with CJ Logistics to jointly develop logistics robots at CJ’s TES Innovation Center in Dongtan, Gyeonggi-do on the 15th with Kim Kyung-hoon, head of TES Logistics Technology Institute, and Jang Ik-hwan, head […]
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LG Electronics welcomes Samsung’s re-entry the OLED TV market
LG Electronics said that it welcomed the possibility that its competitor Samsung Electronics could re-enter the OLED market. It is analyzed that LG Electronics showed their strong confidence over OLED TV competition as it has led the market over the past 10 years. Park Hyung-se, head of LG Electronics' HE business division, held a conference call and said, “We have not […]
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South Korea: Stock prices of LG Electronics, Innotek increases
As the news of automobile cooperation with Apple and LG Group has emerged, the stock prices of related companies such as LG Electronics surged on the 3rd. In the securities market on this day, LG Electronics closed at 153,500 won, up 10.04 percent from the previous day. LG Innotek also jumped 6.37 […]
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LG Electronics is ending its smartphone production and sales
South Korea’s LG Electronics Inc said on Monday it will wind down its loss-making mobile division – a move that is set to make it the first major smartphone brand to completely withdraw from the market. Its decision to pull out will leave its 10% share in North America, where it is […]