Economy
Business·Industry
It’s Not Enough to Just Sell a Single Appliance… IFA Shifts Focus to Competition in ‘Space and Services’
Home appliance exhibitions, which used to focus on comparing the performance of individual refrigerators and washing machines, have transformed into platforms for “selling homes.” At “IFA 2026,” which…
Business·Industry
Moving Beyond Appliances to the Entire Home… Samsung and LG Corp. Play the ‘AI Home’ Card to Counter Chinese Offensive
On the 4th (local time), the Messe Berlin exhibition hall in Germany, where Europe’s largest home appliance trade show, “IFA 2026,” opened, resembled several houses more than a home appliance store. S…
Business·Industry
Third Round of Domestic ESS Bidding Approaches… Project Scale Expected to Reach 2 Trillion Won
The government is set to announce the third round of bidding for the Energy Storage System (ESS) Central Contract Market later this month. With domestic demand for ESS on the rise, there is speculatio…
Business·Industry
LG Corp. Home Appliances Head: “Actuators Are the Key to Humanoids… Orders with Big Tech to Be Finalized in October”
LGELECTRONICS is positioning actuators—which serve as the joints of humanoid robots—as a future growth business. The company is establishing a fully automated production line in Changwon, South Gyeong…
Business·Industry
Samsung DX Union Holds Long-Term Protest in Front of Jay Y. Lee’s Residence… “Close the Compensation Gap”
“Donghaeng,” a labor union composed primarily of employees from SamsungElectronics’ Device Experience (DX) Division, is holding a rally in front of Jay Y. Lee’s residence to demand the elimination of …
Business·Industry
LGELECTRONICS to Launch “Agent AI ‘ThinQ Clo’” by Year-End… Also Considering E-commerce and Subscription Services
LGELECTRONICS will officially launch “ThinQ Claw,” an artificial intelligence (AI) home agent that allows users to communicate with home appliances via messaging apps such as KakaoTalk and activate de…
Business·Industry
Berlin Mayor Visits LGELECTRONICS Booth… Praises It as “the perfect way to cap off my IFA tour”
Berlin Mayor Stefan Evans visited the LGELECTRONICS booth at “IFA 2026,” Europe’s largest consumer electronics trade show, to explore future living spaces powered by artificial intelligence (AI) techn…
Business·Industry
"Windless" Feature at the Bottom of Wall-Mounted Air Conditioners… Samsung Wins Top Innovation Award for Design at IFA 2026
SamsungElectronics won four Innovation Awards at “IFA 2026,” Europe’s largest consumer electronics trade show, held in Berlin, Germany.
Visitors listen to a presentation on SamsungElectronics’ “Bes…
Business·Industry
LGELECTRONICS Wins IFA Best Brand Award… OLED TVs and Audio Products Also Take Top Honors
LGELECTRONICS received the Best Brand Award at the “IFA 2026 Innovation Awards” held in Berlin, Germany. Its next-generation Wallpaper OLED TV and home audio system were also selected as the best prod…
Business·Industry
China’s NAND Market Grows Rapidly… After Catching Up to Japan, It’s Now Chasing Samsung and Hanwha
In the global NAND flash market for the second quarter of this year, SamsungElectronics and SK hynix maintained their positions as the top two companies in terms of revenue. As NAND flash prices surge…