LG Electronics (LG) is making a strategic investment move to expedite the advancement of its capabilities in service robotics, a key new business area of the company. LG has executed a stock purchase agreement to acquire a stake in Bear Robotics, a prominent Silicon Valley-based startup specializing in AI-driven autonomous service robots, through an investment…
LG Electronics, an innovator and global leader in technology and consumer electronics, announced Daniel Song as the new brand president for Brazil operations effective January 2023. The announcement was made during CES 2023, the world’s largest technology fair, which takes place in Las Vegas , United States, in January. Daniel Song , who has been working for the company for…
LG Electronics’ (LG) board of directors has approved the acquisition of Cybellum, a vehicle cybersecurity risk assessment solution provider. The deal allows LG to assume an approximate 64 percent stake in the tech company valued at USD 140 million, a strategic move that will enhance LG’s cybersecurity capabilities and accelerate its efforts to become an Innovation…
LG Electronics, through one of its US subsidiaries, Zenith Electronics LLC, announced it is making a significant investment in Alphonso Inc. to bring together the two TV industry leaders’ technologies and innovations in LG’s smart TV lineup. With its investment, LG will become Alphonso’s largest investor with a controlling stake of more than 50 percent,…
Global innovator LG Electronics Inc. has named Thomas Yoon President and CEO of LG Electronics North America. Effective Jan. 1, 2020, he will be the company’s most senior executive in the Western Hemisphere. Yoon’s stellar three-decade LG career includes a dozen years in the Western Hemisphere, including serving as head of LG’s North American home…