Since taking office in early July 2022, Ongjin County Mayor Moon Kyung-bok has been busy listening to the voices of his residents. This has been producing remarkable positive results.In 2023, Ongjin County paved the way for a new leap forward, including finalizing a plan for the construction of Baek
Despite halting operations at their Russian appliance factories for over a year due to the Ukraine war, Samsung Electronics and LG Electronics have not yet decided to sell. Instead, they are considering minimizing losses by leasing these facilities to local businesses.According to industry sources o
At the beginning of this year, the Consumer Electronics Show (CES) 2024, the world’s largest consumer electronics and IT exhibition, brought into focus the trend of “on-device AI,” or artificial intelligence operating within the device. The emergence of devices equipped with this technology is injec
CES2024, the world's largest IT show, has begun in Las Vegas, U.S. The Las Vegas Convention Center (LVCC), the main venue for CES2024, and the entire city where the show floor is located are bustling with exhibitors and visitors from around the world.Compared to CES2023, which resumed last year afte
Samsung Electronics and LG Electronics are set to showcase their latest AI-enhanced home appliances at the world’s largest consumer electronics show, CES 2024, in Las Vegas from Jan. 9 next year, marking a significant clash in the industry.According to industry sources on Dec. 28, Samsung Electronic
In celebration of LG Twins’ victory in the Korean Series, LG Electronics has initiated a 29 percent discount on home appliances. Following suit, Samsung Electronics has also joined the discount battle. As the two major players in the domestic home appliance industry, LG Electronics and Samsung Elect
Following LG Electronics’ entry into a 29 percent discount promotion to commemorate the LG Twins’ victory in the 2023 Korean Series, Samsung Electronics has also launched a discount campaign. As the year end approaches, two major players in the domestic home appliance industry, LG Electronics and Sa
A survey found that LG Electronics was the most popular company among Korean consumers in home appliances such as refrigerators and washing machines. In the TV category, one of the three major home appliances, Samsung Electronics snagged the top spot.CEO Score, a company data research center, said o
South Korea has signed a Free Trade Agreement (FTA) with the United Arab Emirates (UAE), marking its first such agreement with a Middle Eastern country and its 24th FTA overall.The Ministry of Trade, Industry and Energy announced that Ahn Deok-geun and Thani bin Ahmed Al Zeyoudi concluded Comprehens
According to a recent survey, South Korean companies, which have secured the top position in major industry products and service sectors worldwide, have now risen to the third spot along with Japanese companies in terms of global market share.In its 2022 self-conducted survey of market share in 63 m
In a bid to reinforce the future of smart living, industry rivals Samsung Electronics and LG Electronics are joining hands to establish a “Smart Home.” Their collaboration involves integrating both companies’ smart home platforms in the cloud to bolster interconnectivity between appliances.On Aug. 2
Vietnam, to which President Yoon Suk-yeol will pay a three-day state visit beginning June 22, has become a center of research and development (R&D) for Samsung and LG for the future, becoming more than a global production outpost for them.Samsung posted sales of US$73.7 billion (about 95.3678 trilli
LG Electronics' factory utilization rate plummeted as the company proactively adjusted its inventory in response to a global economic downturn.According to a quarterly report released by LG Electronics on May 15, the company's inventory stood at 9.83 trillion won (US$7.36 billion) in the fir
More than 500 people from the global information technology (IT), consumer electronics and platform industries are participating in the Connectivity Standards Alliance (CSA) that will run for four days from March 20. Participants include mobile and home appliance companies such as Samsung Electronic
South Korean manufacturers are reducing their outputs for inventory management purposes.For example, last year, the capacity utilization of the home appliance and air solution division of LG Electronics was 103.6 in refrigerators, 84.3 percent in washing machines and 96.2 percent in air conditioners
The renowned Middle East and Africa (MEA) tech event, LG Showcase 2023, has finally returned to the region after a four-year hiatus. The two-day event was held at Al Habtoor City in Dubai and successfully showcased every new LG product being launched in the region this year to an all-time-high crowd
Samsung Electronics and LG Electronics are working on special measures to cope with the steep drop in sales of home appliances.Samsung Electronics has recently divided the Kitchen and Living Development Groups under the Development Team of the Home Electronics Division into five development groups -
At CES 2023, Samsung Electronics and LG Electronics will showcase smart home technologies that connect home appliances with devices outside a home.A hyper-connected smart home is expected to emerge as the most popular subject at CES 2023.For several years, Korean tech giants such as Samsung and LG h
The operating rate of Korean information technology (IT) companies fell in the third quarter of this year. They include Samsung Electronics. Its smartphone factory utilization rate hit a record low.Samsung Electronics’ handheld player (HHP) factory utilization rate stood at 72.2 percent, down 8.1 pe
Samsung Electronics chairman Lee Jae-yong visited partner company DK in Gwangju on Oct. 28 as his first official move after taking office. Lee visited a partner company ahead of other places to emphasize his management motto of companionship.DK has been a partner of Samsung Electronics for the past