LG has rejected claims that it plans to leave the television market by partnering with a Chinese firm. The company described the reports as baseless.
LG Electronics said recent reports claiming it wants to exit the TV business are groundless. The company called the stories entirely speculative and misleading in a statement responding to the claims.
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Two men were stabbed on May 27 at an LG Electronics office in western Seoul. The suspect, an employee of a partner company, is now in police custody.
A German court has ordered Chinese TV maker TCL to stop advertising some of its products as quantum dot LED (QLED) TVs, ruling that the models fail to deliver the expected color reproduction. The decision came in a lawsuit filed by Samsung Electronics. It is expected to impact ongoing legal challenges against TCL's technology claims.
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LG Electronics India shares have climbed 8% over the past month, buoyed by steady market share growth and export plans. Analysts recommend buying the stock, citing the company's robust product line. The firm anticipates better results in the March quarter and double-digit revenue growth in FY27.
Samsung Electronics and its labor union will resume government-led mediation talks on Monday, three days before a planned major strike.
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Unionized workers at Samsung Electronics have suspended wage talks with management, citing a lack of sincerity. Choi Seung-ho, head of the Samsung Electronics unit at the Samsung Group United Union, said the sides failed to agree on removing the cap on performance-based bonuses. The decision came three days after talks resumed on Tuesday.