LG Electronics
Japan vendors question Korea LED TV over power consumption
Japanese LED TV firms are questioning whether Korean brand high-end direct-type LED TVs such as the ones made by LG Electronics are as energy efficient as Japanese made edge-lit LED TVs.
Inexpensive direct-type LED TVs have been said to consume less energy than edge-lit ones due to the lower amount of lights that are used on the TV panel, but Japanese firms are questioning whether high-end direct-type sets really consume less power than edge-type, industry sources.
Samsung and LG fined by S Korea's regulator for price fixing
South Korea's antitrust regulator has fined Samsung Electronics and LG Electronics for conspiring to fix the prices of some appliances.
The companies face a penalty of KRW44.6 billion (USD39million), said the Fair Trade Commission (FTC).
Samsung, LG and RIM smartphones certified for use as Visa mobile payment devices
Visa Inc. and Visa Europe on Tuesday announced that Near Field Communication (NFC)-enabled smartphones from Samsung Electronics, LG Electronics and Research In Motion (RIM) have been certified for use with Visa's mobile application for payments at the point-of-sale, Visa payWave. The Samsung Galaxy SII, LG Optimus NET NFC, BlackBerry Bold 9900, BlackBerry Bold 9790, BlackBerry Curve 9360 and BlackBerry Curve 9380 have been added to the list of Visa compliant payment products available for commercial deployment by financial institutions.
LG seeks ban on BMW, Audi sales in Korea over Osram
LG Electronics filed a suit in South Korea, seeking a ban on the sale of BMW and Audi cars, expanding its legal battle over lighting-product patents with Siemens unit Osram to automakers.
The sales injunction request filed on Wednesday by LG and its component affiliate LG Innotek said the automakers are using Osram's lighting products that infringe its patents.
If the court allows LG's request, that could be a setback to BMW, the world's largest luxury carmaker, and Audi, a unit of Volkswagen.
LG looks to top Europe's home appliance market
An executive at LG Electronics declared on Friday that the company will position itself as the top home appliance brand in the European market by 2015. In a press conference held on the sidelines of major consumer electronics trade show IFA 2011, Lee Young-ha, president of the company's home appliance division, said it aims for a two-digit market share – 13 percent for washers and 12.5 percent for refrigerators – with its premium smart home appliances such as high-tech refrigerators and washing machines.
Sony, LG Electronics settle bitter patent dispute
LG Electronics and Sony said on Thursday that they have resolved patent disputes between the two firms spanning smartphones, TVs and Blu-ray technology, with LG adding that they have signed a cross-licensing deal.
The two technology giants have been embroiled in a string of bitter lawsuits on a wide range of products in Europe and the US since they failed to renew a technology sharing agreement that expired three years ago, a person familiar with the matter said.
LG Electronics 2Q profit rises 25pc
LG Electronics posted a 25 percent annual rise in quarterly profit on Wednesday, as its handset business sharply cut losses and its television division returned to a small profit, sending its shares up 3.3 percent.
The company's profit, however, may sink again in the current quarter as it struggles with stubbornly weak demand for TVs and fails to fully pass on rising costs of making refrigerators, washers and ovens, analysts say.
LG touts 3D phone in S Korea
LG Electronics is touting 3D smartphones as an alternative to handheld game devices.
The company launched its LG Optimus 3D phone on Thursday in South Korea after beginning a global release last month covering more than 60 markets including Spain and the UK. No special glasses are needed to view the phone's 3D content.
Park Jong-seok, CEO of LG's mobile communications business, said that 3D smartphones such as the Optimus can hold their own against dedicated handheld gaming platforms.
LG electronics swings to loss
LG Electronics Inc. said last Wednesday that it swung to a first-quarter loss from a year earlier, due to hefty losses at its flat panel and handset businesses, as well as tepid sales of flat-screen televisions.
The second-straight quarterly net loss suggests the world's third largest handset maker by revenue is still grappling with its ailing handset business amid intensifying rivalry in the high-end smartphone market and a sharp price erosion of its flat-screen TVs.
Rivals Samsung, LG refuse to lie down in 3-D TV tech race
Samsung Electronics condemned its crosstown rival LG Electronics over a recent advertisement that says viewers can enjoy 3-D effects with its newly developed 3-D-display technology, even if they lean their head to the side or lie down.
Amid the debate over an industry-wide technology standard for 3-D features, Samsung is putting all its bucks behind a technology that uses active-shutter glasses whose lenses have slats that quickly open and shut to create the 3-D effect.
