premium appliance

Corporate investment LG Electronics breaks ground on $600 mn home appliance plant in India

South Korea’s LG Electronics Inc. has broken ground on its third home appliance manufacturing plant in India with a $600 million investment to...

Mergers & Acquisitions Harman acquires Masimo’s audio arm in Samsung’s car audio push

Harman International Industries Inc., wholly owned by Samsung Electronics Co., has acquired Masimo Corp.’s audio business for $350 million, a ...

Business & Politics US tariffs add risk premium to dollar assets: Maurice Obstfeld

WASHINGTON, D.C. – The US tariff increases are adding risk premiums to dollar-denominated assets, undermining the dollar’s role as a glo...

Electronics LG Display eyes turnaround on China's shift to OLED

LG Display Co., the world’s top large-sized organic light-emitting diode (OLED) panel maker, will likely swing to profit this year for the fir...

Automobiles Genesis premieres premium electric off-road SUV X Gran Equator Concept

NEW YORK – Genesis, the luxury brand of South Korea’s top automaker Hyundai Motor Co., has premiered its first electric off-roader conce...

Electronics LG Electronics restarts home appliance plant in Russia

LG Electronics Inc. has resumed operations at its home appliance plant in Russia amid prospects of a ceasefire between Russia and Ukraine, signaling...

Electronics LG renames premium built-in appliance brand; Moody’s outlook up

LG Electronics Inc., South Korea’s top appliance maker, has rebranded its 10-year-old premium built-in kitchen appliance business to double do...

Commodities FOMO-driven gold rush lifts kimchi premium on gold to highest level

With South Korean retail investors joining the global gold rush in ‘fear of missing out’, or FOMO, the country’s gold price has ...

Mergers & Acquisitions Korea’s Cactus PE to buy stake in Kosdaq-listed EV parts firm

South Korea’s Cactus Private Equity is set to acquire a stake in YM Tech Co., a Kosdaq-listed electric vehicle (EV) parts maker, for nearly 20...

Electronics Samsung Display, Dolby to collaborate on automotive OLEDs

South Korea's Samsung Display said on Thursday it signed a memorandum of understanding (MOU) with Dolby Laboratories to jointly promote Dolby's high...

Electronics Korean displays regain top spot with premium information tech OLEDs

South Korean display makers regained ground in the global organic light-emitting diode (OLED) panel market in the second quarter, elbowing out the p...

Electronics LG Electronics rises to global prominence in HVAC segment, ranks fifth

LG Electronics Inc., a leading South Korean home appliance maker, has emerged as one of the world’s top five players in the heating, ventilati...

Electronics LG to expand appliance subscriptions to India to speed up leasing business

LG Electronics Inc., the leading global home appliance maker, is considering expanding its subscription service into new overseas markets, such as I...

Fashion Korean indie fashion brands spread wings to Japan, China

Matin Kim, a rising designer brand in South Korea, will open its first offline store in Japan in the first half of next year, joining other Korean i...

Advertising & Marketing Genesis partners with Tate Modern in London

Hyundai Motor Co. 's premium brand Genesis announced on Friday that it partnered with the Tate Modern Art Museum in London and will sponsor "The Gen...

Electronics With Samsung Bespoke AI kitchen, anyone can be a Michelin-star chef

Lim Hee-won, a celebrity chef who appeared on Netflix’s cooking competition show Culinary Class War, made a special trip to a studio in Seoul ...

Electronics Samsung Galaxy solidifies dominance in Indian smartphone market

South Korean tech giant Samsung Electronics Co. solidified its dominance in the Indian smartphone market, capturing its largest revenue share in the...

Korean food Korean food appliance makers witness K-food fever in Europe

VIENNA –  South Korea's small cooking appliance and beauty product makers gained certitude of their product quality and were convinced of...

Electronics LG Elec launches modular home Smart Cottage

LG Electronics Inc. said on Wednesday it started selling its LG Smart Cottage, a compact, prefabricated modular home that utilizes its cutting-edge ...

Upcoming IPOs Cuckoo eyes $172 mn IPO of Malaysian unit in Kuala Lumpur: Bloomberg

South Korea’s leading rice cooker and small appliance maker Cuckoo Holdings Co. is said to be seeking to list its Malaysian unit in the Southe...

Korean food S.Korea’s premium kimchi war escalated by luxury hotels

Kimchi, Koreans’ staple food throughout millennia, has become a new, lucrative revenue source for the country’s luxury hotel chain opera...

Electronics LG Elec named Lowe's 2024 vendor partner of year

LG Electronics Inc. said on Wednesday that it was named Lowe's 2024 Vendor Partners of the Year. Lowe's operates over 1,700 home improvement store...

Automobiles Genesis unveils GV80 Black, GV80 Coupe Black

Hyundai Motor Co.'s premium brand Genesis on Friday unveiled its large-size sport utility vehicles (SUVs) the Genesis GV80 and GV80 Coupe Black mode...

ESG LG Elec tops US sustainable brand rankings for HVAC, appliances

LG Electronics Inc. said on Wednesday it was named the most sustainable brand in the US for its heating, ventilation, and air conditioning (HVAC) so...

Automobiles Genesis GV70, Electrified GV70 named safest cars by IIHS

Hyundai Motor Co.'s premium brand Genesis said on Sunday that its sport utility vehicle (SUV) GV70 and the Electrified GV70 got the highest rating...

Electronics Samsung tops US consumer TV satisfaction study

Samsung Electronics Co. ranked as the top TV brand for consumer satisfaction in the US, according to the 2024 American Customer Satisfaction Index (...

Shipping & Shipbuilding Hanwha to take full control of S’pore Dyna-Mac with tender offer

South Korea’s chemicals-to-defense conglomerate Hanwha Group plans to acquire all shares it does not own in Dyna-Mac Holdings Ltd., a Singapor...

Retail Shinsegae Duty Free opens premium store at Incheon Airport

South Korea's Shinsegae Duty Free launched a premium store at Incheon International Airport, aiming to counter the decline in downtown duty-free sal...

Automobiles Nexen Tire N'FERA Supreme surpasses 1 mn sales

South Korea’s Nexen Tire Corp. said on Sunday its premium high-performance all-season tire N’FERA Supreme has exceeded 1 million cumulat...

Robotics Samsung’s Ballie, LG's Q9 AI robots steal the show at IFA 2024

BERLIN – Ballie, the artificial intelligence-powered companion robot developed by Samsung Electronics Co., has come a long way since the South...