Seoul, April 7 (IANS) LG Electronics on Tuesday estimated its first-quarter operating profit to have increased 33 per cent from a year earlier, driven by strong performance of its mainstay home appliance business.Operating profit for the January-March period came to 1.67 trillion won (US$1.1 billion), compared with 1.25 trillion won a year earlier, the company said in a regulatory filing.Sales rose 4.4 percent to 23.73 trillion won, marking a record high for a first quarter.Net profit data was n…
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Seoul, Feb 26 (IANS) South Korean stocks soared more than 3 per cent to close at a fresh record high of over 6,300 on Thursday as investors were buoyed by artificial intelligence (AI) prospects following Nvidia’s better-than-expected earnings report. The local currency gained slightly against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) earned 223.41 points, or 3.67 percent, to finish at a record high of 6,307.27. The index has risen for the six consecutive day, repo…
Seoul, Jan 30 (IANS) LG Electronics said on Friday it remained in the red in the fourth quarter of 2025 from a year earlier, due mainly to weak market demand coupled with one-off costs caused by its restructuring programme.Its net loss came to 725.9 billion won (US$505.7 million) for the October-December period, compared with a loss of 713.7 billion won posted a year earlier, the company said in a regulatory filing.LG Electronics posted an operating loss of 109 billion won for the fourth quarter…
Seoul, Jan 29 (IANS) South Korea’s science ministry on Thursday unveiled the road map to foster the quantum industry, aiming to become the world’s top quantum chip producer by 2035.The Ministry of Science and ICT stated that the plan includes fostering 10,000 experts in the field and nurturing 2,000 businesses, to secure homegrown quantum technologies that can deliver industrial breakthroughs by building advancements in the artificial intelligence (AI) sector, Yonhap news agency reported.The gov…
Seoul, Jan 9 (IANS) LG Electronics on Friday said it turned to an operating loss from a year earlier in the fourth quarter, amid an overall contraction in demand caused by US tariffs.Operating loss in the October-December period came to 109.4 billion won (US$75.2 million), shifting from a profit of 135.4 billion won a year earlier, the company said in a regulatory filing.The performance missed Yonhap Infomax’s projection of an operating profit of 20.5 billion won, reports Yonhap news agency.Reve…
Seoul, Jan 6 (IANS) LG Electronics said on Tuesday it has unveiled a new robot, CLOiD, as an artificial intelligence (AI) home assistant ahead of CES 2026, as part of its vision for “AI in action.”At LG World Premiere, the company’s annual pre-CES event in Las Vegas under the theme “Innovation in tune with you,” CLOiD was first introduced as a home-specialised agent, designed to provide ambient care, and reduce both physical and mental labor, according to LG Electronics, reports Yonhap news agen…