Korea Joongang Daily
Korea JoongAng Daily

Qualcomm CEO to meet with LG Electronics chief to discuss AI collaboration

Qualcomm CEO Cristiano Amon is expected to meet with representatives from LG Electronics, including CEO Lyu Jae-cheol, in Seoul to expand collaboration in the AI sector, industry sources said Tuesday.

2026-04-21

LG launches voluntary retirement program for 2nd straight year amid AI transformation

LG Electronics has launched a voluntary retirement program for the second straight year as it trims its existing work force and redirects resources to AI and other new business areas.

2026-04-14

LG Electronics posts profit in Q1 driven by appliances business

LG Electronics on Tuesday estimated its first-quarter operating profit to have increased 33 percent from a year earlier, driven by the strong performance of its mainstay home appliance business.

2026-04-07

LG Electronics vows all-out effort to foster robot business in 2026

LG Electronics CEO Lyu Jae-cheol said Monday the company will begin producing its own actuators — a key robot component that accounts for about 40 percent of production costs — as it aims to expand its robotics business this year.

2026-03-23

Cost pressures intensify for electronics manufacturers due to memory prices, Middle East tensions

Electronics manufacturers are experiencing cost pressure as the trifecta of higher memory prices, rising logistics costs tied to Middle East tensions and union wage demands converge.

2026-03-17

Korea Inc. reviews Middle East plans, watches Strait of Hormuz closely after airstrikes on Iran

From tech giants like Samsung and LG to food companies, Korean firms are reviewing their expansion plans in the Middle East following the Israel-U. S. airstrikes on Iran and the closure of the Strait of Hormuz, a critical maritime chokepoint.

2026-03-02

Actuators become new battleground in humanoid robot race

Actuators, or the joints that dictate how precisely a robot can move, have become the new battleground in the race to build humanoid robots, pushing major Korean conglomerates to expand into a sector once dominated by smaller firms.

2026-02-20

Samsung and LG bet on security features to wrest robot vacuum market from Chinese competitors

Samsung Electronics and LG Electronics are rolling out new AI-powered robot vacuum cleaners in a bid to claim market share in Korea, where Chinese brands control more than 60 percent of sales.

2026-02-18

LG's record 2025 revenue tempered by lower profit due to weak TV sales, retirement buy-outs

While LG Electronics posted record annual revenue last year, its operating profit fell 27.5 percent from a year earlier to $1.71 billion, weighed down by weak television sales and one-off costs tied to a large-scale voluntary retirement program.

2026-01-30

LG Electronics reports quarterly operating loss for the first time in 10 years

LG Electronics logged 109.4 billion won ($75,200) in operating loss for the fourth quarter of 2025 in a preliminary report on Friday.

2026-01-09