Technology giant LG Display reports that it has repaid a 1 Trillion Won (€644m) loan owed to its parent company LG Electronics. LG Display added it will also invest more than $500 million (€437.5m) in new OLED production facilities. It is not known whether the new investment will add production lines at its Paju facility […]

LG Electronics has announced its Q3 2024 consolidated revenue of KRW 22.18 trillion (€0.015tn) and an operating profit of KRW 751.9 billion. This revenue marks the highest ever for a third quarter, while the operating profit ranks as the fourth highest in the company’s history. Several external factors impacted the third quarter, including a prolonged […]

LG Electronics (LG) is welcoming Disney+ to the LG Automotive Content Platform powered by webOS (LG ACP powered by webOS), further expanding the outstanding range of viewing options available on its innovative in-car infotainment solution. Featuring premier entertainment properties, Disney+ adds a new dimension to LG’s industry-leading ACP. Disney+ is the dedicated streaming home for […]

Qt Group and LG Electronics are partnering to embed the Qt software framework for application development in LG’s webOS based ACPLG’s in-vehicle entertainment platform. This collaborative effort aims to empower automotive OEM developers and designers to create more innovative, immersive content-streaming services for cars. This partnership builds on Qt’s existing support for LG’s customisable, open […]

LG Electronics has announced the global launch of the LG StanbyME Speaker (model XT7S), the company’s latest portable speaker which works in harmony with an LG StanbyME lifestyle screen or as a standalone speaker that can be taken anywhere. LG says its StanbyME Speaker is for design-conscious individuals who relish streaming content and music at […]

TV shipments will fall by 2.1 per cent this year. The world’s major manufacturers are still shipping millions of units, and some have enjoyed growth, but Samsung – still with the largest market share (18.5 per cent) – is likely to suffer the hardest with a 9.8 per cent decline in shipments (to 36.3 million […]

LG Electronics has announced organisational changes in another step towards achieving its Future Vision 2030 announced in July. The company says the changes “are being implemented to strengthen organisational capabilities and business competitiveness to realise the vision of transforming into a smart life solution company that connects and expands various spaces and experiences of customers […]

LG Electronics has declared its vision to transform from its current position as a home appliance brand to a “smart life solutions company” that can connect and expand customers’ diverse experiences while driving for global annual revenues of KRW 100 trillion (€70.3bn) by 2030. In a speech at the LG Sciencepark in Seoul, South Korea, […]

LG Electronics’ free streaming service, LG Channels, is set to present LG Smart TV owners in Australia, Europe and Latin America with a selection of K-content. Spanning multiple genres and something for every age,  BINGE Korea is the latest collaboration between LG and South Korea-based digital content and platform distribution company, NEW ID, the first […]