Tag: LG electronics

  • LG Electronics Expands US Signature Appliance Line to 10 Categories and Wider Retail

    LG Electronics Expands US Signature Appliance Line to 10 Categories and Wider Retail

    LG Electronics has expanded its luxury appliance line to 10 kitchen and laundry categories in the United States. It is also shifting distribution from flagship showrooms into mainstream retail stores.

    The South Korean group used the tenth anniversary of its LG Signature label to push built-in ovens, cooktops and hoods across nationwide distributor networks.

    North America head Kwak Do-young unveiled the range at the Guggenheim Museum in New York on October 8. Products are tailored for flush kitchen installations. The expanded catalogue adds wall ovens, range hoods, cooktops and ranges to the brand’s established refrigerator and laundry lines.

    Kitchen Lineup and Built-In Push

    Three design treatments make up the new kitchen collection. One design pairs metallic surfaces with gold accents, while another offers custom colour panels. A flush-mount version sits flat against adjoining cabinetry without protruding hardware.

    Built-in units represent the highest-margin segment of the North American major appliances market. By broadening from standalone refrigerators and washing machines into integrated cooking suites, the manufacturer aims to capture complete kitchen renovations rather than single replacement purchases.

    Camera Sensors and Cooking Controls

    Software features in the cooking appliances focus on visual monitoring. The oven range includes an internal camera system that identifies ingredients, suggests cooking programs and tracks surface browning to alert users during cooking cycles.

    Independent testing gave an early boost to the laundry lineup. The Signature WM9900HSA washing machine scored 87 points in Consumer Reports testing, the top score among more than 100 evaluated models. That placed the washer and dryer set on the organization’s 15 best laundry sets of 2026.

    “We will continue to offer North American consumers differentiated experiences through a premium lineup that combines sophisticated design with AI-powered convenience,” Kwak said.

    Shift from Flagship Stores to Mass Retail

    Where American shoppers buy the hardware forms the core of the operational shift. LG previously restricted Signature displays to dedicated brand galleries and specialty showrooms to protect brand prestige.

    Floor displays and sales will now roll out into standard retail branches run by major national distributors. Placing luxury cooking packages directly alongside mass-market units gives retail store staff higher-ticket floor models to pitch to affluent remodelers.

    Premium Competition in North America

    This retail change brings LG into closer direct competition with European luxury specialists such as Miele, Bosch’s Thermador and Sub-Zero, which dominate North American designer kitchen channels. Samsung Electronics has pursued a similar path with its Dacor acquisition and Bespoke lines. That has forced Asian electronics manufacturers to fight over premium floor space in American stores.

    Retail channel discipline presents a major risk for the Seoul-based manufacturer. Expanding into broad retail chains increases floor traffic. However, it requires distributor floor staff to master complex built-in installation specifications that kitchen designers typically manage.

    LG introduced the Signature sub-brand in the United States in 2016. It initially focused on high-priced OLED televisions, glass-door refrigerators and twin-tub washing machines before adding cooking appliances.

    Distributors across North America will begin stocking the expanded 10-category kitchen portfolio during the fourth quarter. Retail display installations will continue through the first half of 2027.

  • Samsung India Profit Drops 36% to Rs 7,228 Crore in FY26

    Samsung India Profit Drops 36% to Rs 7,228 Crore in FY26

    Samsung India Electronics posted a 36 per cent drop in net profit to Rs 7,228.10 crore for the financial year ended March 31, 2026, as operational expenses outpaced revenue gains.

    Revenue from operations rose 1.2 per cent to Rs 1.12 lakh crore, keeping the South Korean brand as the sole consumer electronics and appliances maker in India with an annual turnover exceeding Rs 1 lakh crore.

    Margin pressure across consumer divisions

    Filings submitted to the Registrar of Companies and compiled by business intelligence platform Tofler show total consolidated income, which includes other income, reached Rs 1,14,738.60 crore during FY26. That compares with a total operating revenue of Rs 1,11,183.40 crore in FY25, when net profit stood at Rs 11,287.50 crore.

    Smartphones generated the bulk of top-line earnings across the twelve-month period. The Indian subsidiary also sells tablets, televisions, home appliances and personal computers through national retail chains, brand-owned stores and online platforms.

    Cost structures test electronics retail

    For appliance and device retailers across South Asia, the margin erosion at the market leader reflects broader inventory and component inflation. Rising bill-of-materials costs across display panels and memory chips have squeezed unit economics faster than retail shelf prices could absorb them.

    The sharp profit contraction confirms that volume stability in mobile handsets no longer guarantees bottom-line expansion in India. Premium device sales kept headline revenue flat, yet promotional discounts and elevated retail dealer commissions eroded operating margins across Tier 2 and Tier 3 distribution networks.

    Rival performance and regional positioning

    Korean competitor LG Electronics reported total income of Rs 2,46,049.12 in its corresponding local filing, marking an increase of nearly 1 per cent. While LG maintains strong white-goods distribution, Samsung continues to hold the dominant scale advantage in India through its combined appliance and mobile ecosystem.

    Samsung pushed through workforce reductions in early September, cutting roughly 100 positions in divisions facing margin stress, including televisions. The company also saw senior management changes during the same quarter following the departure of public policy director Rajiv Aggarwal after four years in the role.

    What to watch in the next cycle

    Retail partners now face tighter credit terms and stricter inventory allocations as the manufacturer shifts capital expenditure toward domestic production lines for artificial intelligence-enabled appliances and premium handsets.

    The key metric to track over the coming quarters is whether Samsung can lift gross margins during the autumn festive shopping season without conceding market share to aggressive Chinese handset rivals in the sub-Rs 20,000 retail segment.

  • Indian Appliance Makers Swap Copper for Aluminium to Defend Shrinking Margins

    Indian Appliance Makers Swap Copper for Aluminium to Defend Shrinking Margins

    Electronics and appliance manufacturers across India are replacing copper with aluminium and expanding domestic component sourcing after input inflation squeezed industry operating margins into single digits.

    Producers have already raised retail prices on air conditioners, refrigerators, and washing machines by 10 to 12 percent across three rounds since January, while absorbing an additional 7 to 10 percent to protect sales volumes.

    Value Engineering and Sourcing Shifts

    Surging copper prices, which rose roughly 45 percent year on year, have forced appliance brands to redesign motors, connecting pipes, and coils. Replacing copper with aluminium, steel, or alternative alloys saves between 2 and 6 percent of final manufacturing costs. Strong buying from artificial intelligence data centres and electric vehicle producers has tied up global copper output months in advance.

    Memory component prices have also doubled or tripled on heavy AI infrastructure demand, driving price hikes of 20 to 40 percent on smartphones, laptops, and televisions. Indian consumer electronics manufacturers import between 30 and 40 percent of their inputs, leaving factory gates exposed to higher freight rates and currency depreciation.

    Supply chain snarls have caused direct revenue losses. Crompton Greaves Consumer Electricals missed out on nearly Rs 200 crore in sales during the previous quarter because of material shortages. At contract manufacturer PG Electroplast, the cost to build 500,000 air conditioners climbed from Rs 700 crore last year to Rs 940 crore.

    Local Manufacturing Expansion

    Brands are countering these cost pressures by shifting away from overseas suppliers. LG Electronics India now sources a key moulding resin domestically after importing its entire requirement until March, while engineering teams adjust product designs to trim material volume per unit. Voltas and Bajaj Electricals have rolled out similar value engineering programs across their appliance lineups.

    Cost restructuring of this scale reflects a broader defensive pivot across Asian consumer hardware manufacturing. When consumer demand resists further retail price hikes, brands must either cut bill-of-materials costs or surrender volume in price-sensitive suburban and rural markets.

    PG Electroplast plans to commission domestic production of air conditioner compressors between December and January, alongside a separate manufacturing line with an annual capacity of two million units.

  • LG Electronics starts eco-friendly clothing line with Net-A-Porter

    LG Electronics starts eco-friendly clothing line with Net-A-Porter

    LG Electronics has unveiled an eco-friendly clothing line in collaboration with British online fashion retailer Net-A-Porter as the South Korean tech giant pushes marketing for its clothing-care appliances.

    The appliance maker said it joined with the premium online fashion marketplace to launch a limited-edition range named LG X Net-A-Porter Sustainable Collection.

    The two partners cooperated with global fashion brands, including Le Kasha of France, Mara Hoffman of the US, and Bondi Born of Australia, to release 13 types of environmentally friendly apparel.

    LG Electronics said the launch of the new clothing line is part of its “Care for What You Wear” global campaign that aims to protect the environment by reducing fabric waste.

    It added that the clothes from the new brand can be easily managed through its clothing care appliances, including the Styler, LG’s steam closet that keeps clothes fresh and deodorized without dry cleaning.

  • LG Electronics to debut dual display phones

    LG Electronics to debut dual display phones

    LG Electronics’ major release of the year will be dual display smartphones, which the company hopes will recover its reputation as consumers flock to next-generation 5G smartphones. “There were internal discussions on releasing foldable phones at the same time but we concluded not to apply the form to early 5G models,” said LG Electronics President Brian Kwon during a press conference at LG Science Park in Magok, western Seoul, Friday.

    The event was the first time since he was appointed to head the smartphone business in November that Kwon shared future strategies for mobile business in front of the local press.

    “Our direction will allow consumers to enjoy 5G network content through dual displays to be showcased at the Mobile World Congress (MWC).”

    “Speaking of displays for early 5G phones, a major question to ask is whether we really need them, is there enough user content that requires such screens? In that perspective, I believe it’s too early to present [foldable phones,]” he added. “In terms of technology, we’re already prepared to make foldable and rollable screens.”

    Changes in form, especially screens, will be a major attraction point at this year’s MWC, the world’s largest trade show for phones. Samsung Electronics and Huawei will be rolling out foldable phones that come with two screens overlapping one another.

    LG’s dual display phone is rumored to come with a separate second screen that can be attached to the back or beside the main screen, although the company did not confirm the details. Its price remains undecided but Kwon said internal discussions were ongoing over whether to set it above or below $1,000.

    The form-factor competition comes in line with the commercialization of 5G networks expected to be realized this year. 5G will transfer data at an extremely high speed, enabling smartphone users to enjoy movies and games at unmatched quality and speed. Phone makers are eyeing the opportunity to win over consumers as they upgrade their phones to models that support 5G.

    LG’s strategy for this generation shift is “two track,” Kwon said Friday. Apart from the dual display phones, the V50 ThinQ 5G and the G8 ThinQ will also be showcased at the MWC. They are the latest models from the company’s high-end V and G lineups. V50 will support 5G networks, while the G8 will remain a premium phone for 4G, or LTE, network users.

    Underlying the two-track strategy is an uncertainty about how fast it will actually take for 5G infrastructure and related services to expand and how many consumers will jump from 4G to 5G.

    “Our plan for the year’s first half is to release the V50 to tackle the 5G market but our direction for the second half will depends on the 5G market,” said Kwon. “If it expands quickly we’ll look into developing a lower priced model that supports the network; if it doesn’t we’ll still have the 4G lineup.”

    LG’s smartphone business has been in the red for 15 consecutive quarters as of last year. Kwon was successfully heading the company’s television business when he was appointed to additionally take charge of the mobile division three months ago.

    “It’s true that industry insiders are hoping the 5G era will push growth of the smartphone market but as there also conservative projections, our goal for the year is not to make a drastic turnaround in the business but to see sales grow and restore our reputation in the smartphone market,” said Kwon.

  • LG to utilize Azure for autonomous systems

    LG to utilize Azure for autonomous systems

    LG Electronics will be utilizing a Microsoft product in the development of autonomous vehicle systems, LG said Wednesday. Under the agreement between the two companies, LG has gained access to Microsoft’s Azure cloud-computing platform for its self-driving car systems. Apart from storing vast amounts of data, the Azure platform also offers immense computing power for data-based applications and services.

    The two companies met Monday to sign a memorandum of understanding at the Consumer Electronics Show (CES) in Las Vegas. LG will connect with Azure in developing driver-support systems, cameras and a virtual assistant that can answer vocal commands.

    “Developing software for self-driving car components – whether it’s for navigation or infotainment – requires an enormous amount of data processing,” explained an LG spokesperson.

    “The agreement with Microsoft Azure is basically aimed at helping our software save and utilize as much data as possible in the shortest amount of time.”

    LG plans to use Azure’s high-performance computing and graphics processing units. According to the company, these tools can slash the time required to learn roads and traffic patterns from more than a full day to a few minutes. Higher processing speeds will also help the software learn patterns gathered from cameras regarding the driver, pedestrians and other objects on the streets.

    Another tool offered on the Azure platform is a voice assistant. LG plans to incorporate this into its infotainment system so that the car’s software can answer questions and receive commands.

    It could, for example, check traffic conditions, search for a restaurant nearby or call up favorite songs.

    The large amounts of data LG collects from self-driving cars will be saved in the Azure system, including photos of roads, obstacles and road signs collected from all over the world. LG will be able to utilize the data collected for further development. In the past, before cloud services existed, international data had to be shipped to Korea in hard drives.

    LG Electronics has been supplying components to self-driving carmakers since late 2016. The field is considered a future growth engine for the company.

    “In the upcoming age of autonomous vehicles, LG Electronics will shift the definition of cars from a means of transportation to a mobile space, which can turn into a conference room, a theater or a shopping mall,” said the company’s chief technology officer, Park Il-pyung, during a pre-show keynote speech on Monday.

  • LG profit plunges, missing forecasts by a mile

    LG profit plunges, missing forecasts by a mile

    LG Electronics’ operating profit fell nearly 80 percent in the fourth-quarter of 2018 year-on-year, according to preliminary figures disclosed in a Financial Supervisory Service regulatory filing Tuesday.  The smartphone and household appliances manufacturer estimated 75.3 billion won ($67.0 million) in operating profit for the final quarter of last year compared to 366.8 billion won in the same quarter in 2017.

    The estimate is far below the 398.1 billion won forecast by analysts surveyed by FnGuide, a data provider. The company anticipated 15.8 trillion won in revenue from October to December last year, a 7-percent decline from the same period a year earlier.

    Analysts pointed to the slowing global smartphone market as a factor weighing on the company.

    “With the smartphone market currently in a slump, [the company] is unable to find an opportunity to recover,” said Kim Ji-san, an analyst at Kiwoom Securities in a report Tuesday that predicted disappointing earnings prior to LG’s announcement. “Demand has slowed as smartphone replacement cycles have become longer in high-value markets such as Korea and the United States,” Kim added.

    Meanwhile, the company estimated annual operating profit for 2018 at 2.7 trillion won, a 9.5 percent rise from the previous year.

  • LG unveils TV that rolls up for storage

    LG unveils TV that rolls up for storage

    LG Electronics unveiled the world’s first “rollable” television at the Consumer Electronics Show (CES) 2019 that launched in Las Vegas, United States, on Tuesday. Last year, its affiliate LG Display unveiled a prototype of a 65-inch rollable OLED display panel at the same event. Dubbed the LG Signature OLED TV R9, it uses the same technology, only it comes with an aluminium case at the screen’s bottom that looks like a long tissue box.

    A rolling OLED display was possible because unlike TV panels of the past, OLED screens don’t need backlight to show color, but have molecules that let out light on their own.

    The panel can roll itself up and down from the case so that the television set looks more like a long, rectangular table once the screen is completely inserted. LG boasts that the screen can maintain its color definition even as it rolls itself. R9 won the CES 2019 Innovation Awards in the video display sector.

    LG plans to launch global sales of R9 this year, starting from Korea. Its price was not disclosed, but it will be among LG’s premium television lineups. The advantage of the rollable TV set is that it can be placed in locations like the window side or in the middle of a room. For conventional TV screens, the popular choice was beside or on the walls as they take up space and block the view if installed elsewhere.

    The television set also comes with high-quality speakers and an artificial intelligence software that enhances the set’s performance to adjust definition and sound according to the film or video played. It also recognizes simple vocal commands.

    When the screens are rolled inside the case, R9 can work similarly to an audio set as it can play music via connection to smartphones or other portable devices. It also comes with various modes to use the screen apart from watching movies and TV shows.

    It can function like a huge electronic canvas that shows photos saved in your smartphone. For those who want to create a cozy atmosphere, it has a “Mood” mode that plays a video of a fireplace or displays mood-specific light on the screen.

    LG Display Vice Chairman Han Sang-beom expressed confidence in the panel in front of local reporters on Tuesday at the CES. According to Han, the rollable panel was rolled and unrolled more than 100,000 times during its development process.

    “We’re talking with other clients as well [apart from LG Electronics] for the rollable TV panels,” he said. “My plan is to target the premium market instead of aiming for sales volumes.”

  • LG sets up lab to conduct appliance technology research

    LG sets up lab to conduct appliance technology research

    LG has established a new research laboratory committed to advances in fridge, oven and other home-appliance technologies. LG Electronics opened the 6,760-square-foot Food Research Institute on Monday at Changwon, South Gyeongsang. At the center, researchers will develop technologies that can be applied to the company’s home appliances, such as refrigerators, kimchi and other specialty food fridges, ovens and electric stove tops.

    Food preservation, the fermentation of kimchi and food preparation will be some of the focuses.

    The company said researchers will work closely with academics from Seoul National University and Konkuk University, as well as experts from government and private agencies, such as the Rural Development Administration, the Korea Food Research Institute and the World Institute of Kimchi.

    LG Electronics often mentions advanced technologies in its marketing materials, using the technology to set itself apart from competitors.

    According to the company, LG refrigerators run on inverter linear compressors, which are 18 percent more energy efficient and create less noise than comparable gas compressors. Its kimchi refrigerators maintain temperatures of 6.5 degrees Celsius (43.7 degrees Fahrenheit), the optimal level for kimchi. At that temperature, the growth of a lactic-acid bacteria that creates a sour taste is suppressed. LG’s electric stove tops can cook food up to 2.3 times faster than gas ranges, the company boasts.

    The facility at Changwon is not the first research lab established by the company to further develop its home appliances. In February, LG Electronics opened a water research lab committed to the making of better water purifiers. In October, it opened a center dedicated to air science to advance its air purification technologies.

    “We will continue investing in research and development related to food, water and air technologies,” said Song Dae-hyun, head of LG Electronics’ Home Appliance & Air Solutions.

  • LG Electronics supports Ethiopian entrepreneurs

    LG Electronics supports Ethiopian entrepreneurs

    LG Electronics announced on Thursday that it has opened an entrepreneurship center for young people at an existing technical and vocational education center run jointly by LG and the Korea International Cooperation Agency (Koica) in Addis Ababa, Ethiopia.

    The existing job training center, the LG-Koica Hope TVET (Technical and Vocational Education and Training) College, was established in Addis Ababa in 2014 to help Ethiopia achieve economic growth by offering quality education to young Ethiopians and helping them acquire the foundations of financial independence.

    The new center has been named the LG Social Campus Business Incubator Center. It provides graduation candidates of LG-Koica Hope TVET with the opportunity to receive help building a business model and launching their own company. The center will offer office and co-working spaces, as well as training in law, marketing, leadership and business administration.

    “We hope that a socially-recognized company will be born in Ethiopia with the support of the LG Social Campus,” said Yoon Dae-sik, president of the government relations division at LG Electronics.

    “We will keep up with efforts to help Ethiopian youngsters step up their competitive edge and independence.”

    The Korea International Cooperation Agency is a state-run organization devoted to supporting socio-economic development in developing countries.

  • LG, E-mart develops smart-cart robot

    LG, E-mart develops smart-cart robot

    LG Electronics has signed an agreement with E-mart to develop a new type of service robot that can assist shoppers at its South Korean supermarkets. Under the agreement, the two companies will develop what they call a smart-cart robot that can automatically identify obstacles and follow shoppers as they walk through aisles. LG said the new robot will free visitors from the hassle of pushing heavy carts by themselves.

    The South Korean tech giant said the robot will be developed by its research lab, which has been releasing various robots under the CLOi brand.

    So far, LG has released eight different products under the brand, which are suited for different tasks, including guiding, cleaning and even mowing lawns. The company unveiled the CLOi SuitBot, which can help workers lift and move heavy objects easier as well.

    LG said it has been making efforts to bolster its robot business by joining forces with different clients, including airports, bakeries and retail shops.

    CLOi stands for clever, clear, close operating intelligence, LG said.

    The company has been making investments in robotic firms, including Robotis, AI startup Acryl and US-based robot maker Bossa Nova Robotics.

  • LG Electronics launches new design

    LG Electronics launches new design

    LG Electronics has introduced a premium brand that combines furniture design with home electronics. The company rolled out four products under the LG Objet name at a press conference held Thursday in Gangnam District, southern Seoul: a mini refrigerator, an air purifier, a speaker and a television.

    “The thing about home electronics is that they are placed mostly in kitchens or living rooms but rarely inside bedrooms,” said Song Dae-hyun, LG’s president for home appliances. “Bedrooms, on the other hand, only have furniture, so in the last few years, we thought about ways to make home electronics coexist in that space.”

    All four items are covered with hard wood.

    Another way in which LG worked to make the appliances look more like furniture was to reduce the size of external features typical to electronic devices, like buttons or small screens. They are simplified or hidden in less visible areas of the product. An exception is the television, with its 65-inch screen, but LG added a furniture-like touch to it by placing a cabinet behind a sliding television screen.

    The fridge and the air purifier won Red Dot and iF design awards. Architect and industrial designer Stefano Giovannoni was involved in the development of the products.

    In terms of function, LG utilized technology to make the devices more appropriate for bedrooms.

    A compressor is a core component in a refrigerator, and it tends to be noisy. LG Objet’s refrigerator utilizes the type of cooling found in wine cellars to make the product quiet.

    For customers using the refrigerator or the air purifier as a bedside table, LG enabled a corner of the top surface to work as a wireless charger for portable devices.

    Song said during the press conference that he believes affluent customers in their 50s and 60s with strong purchasing power will be a source of demand as they look for ways to decorate their private spaces.

    The refrigerator and the air purifier are priced at 1.99 million won ($1,760); the speaker, 1.49 million won; and the television, 9.99 million won. The products were made available for sale at LG Best Shops starting Thursday.

    This is LG’s second high-end home appliances brand after the LG Signature series, introduced in 2016. Apart from sales, the other goal of LG’s premium product expansion is to maintain a leadership in the sector.

  • LG Electronics starts venture to make in-cabin electronics

    LG Electronics starts venture to make in-cabin electronics

    LG Electronics said Thursday it will establish a joint venture with Germany’s Lufthansa Technik, which will be devoted to developing in-cabin electronics systems. The new venture, whose name has not yet been decided, will focus on developing in-cabin solutions utilizing LG Electronics’ technologies, including its OLED displays.

    Lufthansa Technik is a subsidiary of Deutsche Lufthansa AG, Germany’s largest air carrier.

    The new company will kick off in the first half of 2019, and will be based in Hamburg, Germany. LG did not reveal detailed conditions of the agreement, including the size of the deal.

  • Fair to screen startup hosted by LG

    Fair to screen startup hosted by LG

    Technology-related subsidiaries of LG hosted a fair on Monday in which 20 local start-ups presented their cutting-edge developments in areas such as autopilot technologies, artificial intelligence and big data. The small firms are seeking partnerships with and support from the fourth-largest conglomerate in Korea.

    LG picked the start-ups jointly with the Korea International Trade Association (KITA), hoping to revitalize local start-up ecosystem.

    The conglomerate is providing a venue for the fledgling firms to mingle with their larger counterparts and find new business opportunities.

    LG subsidiaries participating in the event include LG Electronics, LG Display, LG Innotek, LG Chem, LG U+ and LG CNS.

    Executives and researchers from those companies as well as KITA CEO Kim Young-ju paid a visit to the start-up fair, which took place at the LG Science Park in Magok, western Seoul, and had a closer look at technologies and services featured.

    Funnel, for instance, has developed a voice-recognition system that automatically collects information from television broadcasts. The resulting database can be used for artificial-intelligence smart speakers and voice-command chat bots.

    Venta VR owns a technology that is able to tape high-resolution 3D videos and calibrate the video images afterwards in a way that enhances the level of immersion and minimizes visual fatigue.

    LG will offer some of the participating start-ups office and research space inside the LG Science Park as well as technology-related consulting and funds.

    Companies under the LG umbrella have been increasing support for start-ups.

    LG Electronics is backing four start-ups that are in the web operating system business, whereas LG CNS and LG Display have been running their own programs.

    LG-led tech fairs aimed at locating and supporting promising local start-ups have been held in the United States, Germany, Israel and Russia.

    With a German start-up discovered during a tech fair in Europe, LG developed a linear compressor technology for refrigerators.

    LG says it will apply the cooperation system it developed overseas to Korean start-ups and smaller companies.

    “Future cooperation with start-ups will propel their global outreach,” said an executive at the LG Science Park.

  • LG hosts fair to identify promising start-ups

    LG hosts fair to identify promising start-ups

    Technology-related subsidiaries of LG hosted a fair on Monday in which 20 local start-ups presented their cutting-edge developments in areas such as autopilot technologies, artificial intelligence and big data. The small firms are seeking partnerships with and support from the fourth-largest conglomerate in Korea.

    LG picked the start-ups jointly with the Korea International Trade Association (KITA), hoping to revitalize local start-up ecosystem.

    The conglomerate is providing a venue for the fledgling firms to mingle with their larger counterparts and find new business opportunities.

    LG subsidiaries participating in the event include LG Electronics, LG Display, LG Innotek, LG Chem, LG U+ and LG CNS.

    Executives and researchers from those companies as well as KITA CEO Kim Young-ju paid a visit to the start-up fair, which took place at the LG Science Park in Magok, western Seoul, and had a closer look at technologies and services featured.

    Funnel, for instance, has developed a voice-recognition system that automatically collects information from television broadcasts. The resulting database can be used for artificial-intelligence smart speakers and voice-command chat bots.

    Venta VR owns a technology that is able to tape high-resolution 3D videos and calibrate the video images afterwards in a way that enhances the level of immersion and minimizes visual fatigue.

    LG will offer some of the participating start-ups office and research space inside the LG Science Park as well as technology-related consulting and funds.

    Companies under the LG umbrella have been increasing support for start-ups.

    LG Electronics is backing four start-ups that are in the web operating system business, whereas LG CNS and LG Display have been running their own programs.

    LG-led tech fairs aimed at locating and supporting promising local start-ups have been held in the United States, Germany, Israel and Russia.

    With a German start-up discovered during a tech fair in Europe, LG developed a linear compressor technology for refrigerators.

    LG says it will apply the cooperation system it developed overseas to Korean start-ups and smaller companies.

    “Future cooperation with start-ups will propel their global outreach,” said an executive at the LG Science Park.