Page 6 - Latest Updates on LG Electronics
LG India expects 10% growth, exploring new business categories, says MD
Jeon also lauded India's growth story this year and said its economy is growing despite other markets facing tough times on account of global disruption from war and other factors
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LG announces 2023 OLED TV series with top-end model priced at Rs 75,00,000
In addition to televisions, LG also introduced the LG OLED OBJECT Collection POSE (a lifestyle TV) and OLED Flex (a gaming-centric flexible screen that can bend at 20 different levels of curves)
 "LG announces 2023 OLED TV series with top-end model priced at Rs 75,00,000")
LG Electronics Q1 profit down 23% at 1.49 trn on dampened consumer demand
Sales decreased 2.6 per cent to 20.41 trillion won. Net profit came to 546.5 billion won, down 61 per cent from a year earlier
LG starts manufacturing dual inverter air conditioner compressors in India
South Korean consumer durables maker LG Electronics on Monday said it has started manufacturing Dual Inverter Air Conditioner Compressors at its plant in Greater Nodia.
LG Energy to invest $5.5 bn to build standalone battery plants in US
LGES, the world's second-largest battery maker after China's CATL, had withdrawn the plan a few months later, citing a spike in costs amid runaway global inflation
 "LG Energy to invest $5.5 bn to build standalone battery plants in US")
Import dependency for AC compressors may fall to 15% by 2027-28
Domestic manufacturing from month-end under PLI scheme to lower dependence from 85%
 "Import dependency for AC compressors may fall to 15% by 2027-28")
Retail electronics firms scale up inventory, anticipating demand surge soon
This buildup is owing to the fact that demand peaked before Diwali and then drastically declined afterwards due to high inflation and thus retailers cut down inventory levels
 "Retail electronics firms scale up inventory, anticipating demand surge soon")
Tech giant LG Electronics showcases NFT artworks via OLED evo TVs
An NFT is a non-interchangeable unit of data stored on a blockchain, which can be owned and traded as a digital item
LG Electronics Q4 profit collapses on slumping demand, rising cost
But LG's electric vehicle (EV) parts business made a turnaround 10 years after it entered the market
LG invests Rs 200 cr at Pune facility; starts local mfg of refrigerators
LG Electronics India has invested around Rs 200 crore at its Ranjangaon, Pune-based facility to set up a new line for manufacturing the premium range of side-by-side refrigerators
LG Electronics December-quarter operating profit down 91.2% y-o-y
Revenue increased 5.2 percent on-year to 21.85 trillion won, marking a quarterly high, according to the earnings guidance released by the company
CES 2023: LG Signature OLED M3 TV with 'Zero Connect Technology' unveiled
The LG Signature OLED M3 TV comes with a separate 'Zero Connect box', which is a wireless solution capable of real-time video and audio transmission at up to 4K resolution at 120Hz refresh rate
 "CES 2023: LG Signature OLED M3 TV with 'Zero Connect Technology' unveiled")
LG Electronics announces appointment Hong Ju Jeon as MD for India business
South Korean consumer electronics major LG on Wednesday announced the appointment of Hong Ju Jeon as the Managing Director of its India business
LG Innotek to reveal new camera module at 'Consumer Electronics Show 2023'
Digital zoom magnifies the size of the image to have serious quality degradation, whereas the optical zoom camera moves the lens directly to zoom the subject which maintains high image quality
 "LG Innotek to reveal new camera module at 'Consumer Electronics Show 2023'")
LG Electronics India FY22 PAT falls 23% to Rs 1,175 cr; total income up 10%
LG Electronics India's profit after tax for FY22 declined 23.17 per cent to Rs 1,174.7 crore, according to financial data accessed by the business intelligence platform Tofler
After Android certificate leak, Samsung, LG phones at malware attacks risk
Samsung and LG phones are reportedly at risk of malware attacks because of a leaked Android certificate.
 "After Android certificate leak, Samsung, LG phones at malware attacks risk")
LG develops 'Invisible' Thin Actuator Sound Solution for automobiles
LG Display has announced that it has developed the "Thin Actuator Sound Solution", a new sound technology for automobiles.
 "LG develops 'Invisible' Thin Actuator Sound Solution for automobiles")
Apple to use LG-supplied OLED screens for iPhone 14 Pro, iPhone 14 Pro Max
For the past two years, Samsung Display has supplied its LTPO OLED to Apple for use in mobile devices
 "Apple to use LG-supplied OLED screens for iPhone 14 Pro, iPhone 14 Pro Max")
LG unveils 32-inch 4K Smart Monitor with AirPlay 2 support, built-in webOS
The new monitor comes in a white finish instead of the usual black plastic bezels. Its 32-inch 4K panel is supported by a pair of HDMI ports as well as single USB-A input and Gigabit Ethernet
LG Electronics unveils world's largest 97-inch OLED TV at US trade show
LG Electronics said it has showcased the world's largest organic light-emitting diode (OLED) TV at the latest trade show in the US in a bid to target the premium TV market in North America
 "LG Electronics unveils world's largest 97-inch OLED TV at US trade show")