Samsung Electronics and LG Electronics have solidified their positions in the global home appliance market. Now, they're targeting the built-in home appliance market in the United States.
Samsung Electronics Executive Chairman Lee Jae-yong visited the offices of the home appliance division to be briefed in the state of the market with the return of executives from IFA 2024.
Speaking at IFA Berlin, LG Electronics CEO William Cho said China is catching up to Korea in home appliances, and outlined the company's strategy to stay ahead.
The 29th edition of the showcase featuring furniture and homeware will run through Sunday.
Korea's exports to the US surpassed those to China in 2023. Total exports fell 7.4 percent due to chip performance and global economic uncertainties, while solid automobile exports and semiconductor recovery countered some losses.
Electric rice cookers are displayed at an appliances store in Yongsan, central Seoul, on Monday. The rise in the cost of eating out is leading consumers to purchase kitchen appliances. The number of electric rice cookers sold between Feb. 1 and 14...
Samsung Electronics showcased dozens of premium home appliances under its Bespoke customizable appliance brand Tuesday, ahead of the upcoming CES trade show.
As the nationwide heat wave continues, demand for air conditioners is rapidly increasing. On Thursday afternoon, shoppers visiting Lotte Hi-Mart’s Seoul Station branch in Jung District, central Seoul, are looking at air conditioners.
With the pandemic forcing people to spend more time at home, demand for luxury home appliances has been surging.
Samsung Electronics promoted a trio of high-performing executives to president level in the consumer electronics and semiconductor divisions, acknowledging their feats in the respective business sectors.
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