LG’s plans to inject record high US$5.6bn into R&D

LG Group plans to spend a record high amount on research and development (R&D) this year in order to develop new technologies that will help the conglomerate lead the market.

In 2015, the company group expanded its number of researchers and technical advisers (executive levels) to the highest level. It recently said that it will invest 6.3 trillion won ($5.6 billion) in R&D projects this year. This is the first time for the company group to put aside over six trillion won worth of annual R&D budget, equivalent to 39.4 percent of LG’s total investment for 2015 of 16 trillion won.

The allocation of the total investment on a group level also hit an all-time high. The group set aside 37.1 percent or 5.9 trillion won of the total 15.9 trillion won investment last year. Such ever-high aggressive investment on R&D will be focused on three major areas of electronics, chemicals and telecommunication, service. In particular, more than two-thirds of the entire investment or 4.2 trillion won will be used for the electronics area, which is scheduled to be carried out by LG Electronics and LG Display.

In the electronics sector, focus on technologies of next-generation mobile and display will be at the center of the investment. In the communications and services sector, the investment focus will be the 5G mobile communication network technology and big data processing technologies.

In addition to three areas of electronics, chemical and telecommunication, LG’s investment will also be created for R&D for technological development of new growth engines including the convergence industry.

 
 
korean-electronics.com | Blog Magazine of korean electronics, brands and Goods

S. Korean Companies’ Innovative Attempts for Sustainable Global Market Leadership Highly Noticeable

Korean Companies’ Innovative

South Korea logged a $8.13billion trade surplus in the information technology sector, coupled with steady growth in exports, as of August, this year, according to the data recently unveiled by the Ministry of Trade, Industry and Energy.

The ministry said, exports during the period gained 11.4 percent year-on-year to $14.5billion, sustaining an upward trend for the twelfth consecutive month.
Especially, exports of mobile phones, semiconductors and televisions grew more than 20 percent from the previous year. Vigorous sales of smartphones and components boosted outbound shipments of mobile phones.

The nation’s exports of semiconductors continued to see growth for the eleventh month in a row reaching a record value of $4.99billion. Outbound shipments of televisions jumped 40.7 percent to $880million on the back of robust sales of premium products such as smart TVs. Demand for ultra-high definition (UHD) TVs introduced in June also contributed to this gain. However, exports of display panels along with computers and related devices continued to show negative growth.
Although exports to Japan and the European Union declined, outbound shipments to the United States, the ASEAN region and China showed upward trends. While
exports of mobile phones and display panels to the European Union shrank, outbound shipments of European Union shrank, outbound shipments of televisions surged.
Meanwhile, IT imports rose 2.6 percent from a year earlier to $6.36billion. While demand for semiconductors, computers and related devices, printed circuit boards and mobile phones strengthened, imports of flat display panels decreased. Although imports from Japan, the United States and China declined, Taiwan, the ASEAN region and the European Union showed positive growth.
South Korean companies’ vigorous and innovative attempts for technological leadership in the global market are highly impressive. Of many cases created by the nation’s multitude enterprises, the most striking example of Samsung Electronics – in terms of the extent of technological spread and leadership ? is most dynamic. It is significant that this maker has recently unveiled curved ultra high definition (UHD)TVs for the first time in the world, intensifying the
competition for next-generation TVs.
The global giant home appliances maker showcased the curved UHD TVs embedded with liquid crystal display (LCD) during the Europe’s biggest electronics trade show, Internationale Funkausstellung (IFA). In addition to the 55 and 65-inch curved TVs, Samsung Electronics also displayed flat and curved UHD TVs built with organic light-emitting diode (OLED) panels. While Sony introduced the world’s first flat UHD OLED TV at the CES in January this year, Samsung Electronics showcased the first curved UHD OLED TV.
And at the exhibition, Samsung Electronics successfully displayed its integrated smart appliance app designed to maximize user convenience. Using the
Android app, users could view and control all networked home appliances at the booth through a smartphone. A spokesperson of the company said “A master key of this integrated app can be set in advance to turn a lamp on and off automatically.”
A smart refrigerator captured keen attention from visitors. Numerous visitors were shown how to control it with an app. The smart refrigerator has a display to show users a shopping list of foodstuff, which is in sync with their smartphone.
The nation’s other electronics giant LG Electronics, meanwhile, revealed a vacuum cleaning robot that was controlled by a smartphone during the event, drawing surprisingly strong attention among global potential buyers. That means any users who have smartphones do not need to look for a remote controller to start the machine.

 
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korean-electronics.com | Blog Magazine of korean electronics, brands and Goods

LG Elec. Grabs 3rd Highest Market Share in N. America

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South Korea’s electronics giant LG Electronics jumped to third spot in the ranking of North American market share, the first-time ever since its entry into the smartphone business.

LG Electronics came in third in terms of smarphone market share in North America with a 7.1 percent market share followed by Apple(37.6 percent) and Samsung
Electronics(26.6 percent), according to a recent report of US-based market researching firm Strategy Analytics(SA).

LG saw its ranking up by one notch every year from seventh in 2009, sixth in 2010 and fifth in 2011 and overtook both HTC and Blackberry last year.

The result came from the recent rollout of high-end LTE(long-term evolution) smartphones and 3G(third generation) smartphone L-series including the Optimus G and Optimus View(named Intuition in the US) in the North American market. Its improved brand awareness through the launch of VoLTE(Voice over LTE)-capable smartphone Connect 4G and 4G handsets on Metro PCS, all of which was the first-ever achievement in the world, also led to the rise in the Korean-based company’s ranking.

 

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