LG Electronics wins high marks from global credit rating groups
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South Korea's LG Electronics has secured high marks from the top US credit rating agencies on the back of the company's improved brand image and stronger presence in the high-tech sector.
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LG Group offered the creditors of LG Card, the second-largest credit-card company in South Korea, about 264.3 billion won ($254 million) compensation.
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Creditors of LG Card and LG Group have reached an agreement to contribute W500 billion each in the form of a bailout fund for the ailing credit card issuer, helping it avert corporate liquidation due to capital erosion.
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Revenues at the U.S. unit of LG  Electronics Inc. (066570.KS) rose 39 percent in the first half,  and North American sales are expected to top $10 billion this  year, fueled by demand for mobile phones, flat-screen displays  and appliances, it said on Thursday.
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(InfoWorld) - Yahoo has reached a deal with LG Electronics that should see its "Go" mobile platform on the screens of tens of millions of LG cell phone handsets shipped later this year, the two companies said Monday. Under the deal LG will pre-load Yahoo services, including Yahoo Go for Mobile 2.0, Yahoo Mail and Yahoo Messenger on phones sold worldwide, they said in the announcement that was timed to coincide with the start of the 3GSM exhibition in Barcelona, Spain. Precise details of the alliance, including which services would appear on what models and in which markets, were not disclosed. Financial terms were also not announced. LG was the fifth largest manufacturer of cell phones in 2006, according to figures from market research company IDC. It shipped 64.4 million phones during the year, which is 17.3 percent higher than the previous year and amounted to a 6.6 percent market share. Yahoo has already tied up with market-leader Nokia and number two Motorola in similar deals to get its search box on the cellular equivalent of the PC desktop. However those deals haven't assured Yahoo a place on all screens. Motorola and Sony Ericsson Mobile Communications also have a deal with Google and local carriers have struck their own partnerships which sometimes result in the two search engines being switched or displaced. The two companies said they will also explore putting Yahoo services on LG consumer electronics products. LG is one of the world's leading manufacturers of digital consumer electronics including flat-panel televisions and video recorders. Â
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45nm 'Silverthorne' not even out yet CES LG has craftily shown off an ultra-mobile PC based on Intel's as-yet-unlaunched '45nm Silverthorne' processor at this year's Consumer Electronics Show (CES).â¦
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The LG Group and the creditors of LG Card have reached a dramatic compromise which removed barriers to a bailout plan and headed off a feared bankruptcy of the country&#39;s largest
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LG Electronics (066570.KS) announced its  first premium camera mobile phone on Thursday and an executive  told Reuters the company aimed for 10-15 percent of this market  segment within about a year.
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SEOUL LG Group on Wednesday made a gesture toward compromise with creditors of its crisis-struck former subsidiary, LG Card, by offering as much as 264 billion won, or about one-third of what creditors are seeking.
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LG Electronics said it aimed to recover some of its lost market share in the European mobile phone market through strong demand for its "chocolate" phone which had improved the strength of its brand.
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LG Electronics Inc., South Korea's largest maker of consumer appliances and a major producer of cell phone handsets, said Thursday it swung to a profit in the second quarter on strong sales of appliances and premium mobile phones.
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The company got solid performance from all three sectors to make for a quality quarter.
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LG Electronics (066570.KS) said it aimed  to recover some of its lost market share in the European mobile  phone market through strong demand for its "chocolate" phone  which had improved the strength of its brand.
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LG Philips is developing what the company claims is the world&#39;s largest organic light-emitting diode display. The company, which manufactures thin-film-transistor (TFT) LCD screens in South Korea, unveiled
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South Korea's LG Electronics Inc  said it aims to boost North American sales by 13 percent in 2008 and targets an increase of more than 70 percent in global flat-screen TV sales compared to last year.
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LG Electronics Inc., South Korea&#39;s second-largest electronics maker, reported third-quarter profit rose 36 percent, better than analysts expected, after selling a record number of mobile phones.
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LG Card Co.&#39;s creditors and former owners agreed to a less-than-planned 1 trillion won ($965 million) bailout of South Korea&#39;s second-largest credit card issuer, helping it escape bankruptcy for the second time in a year.