A Treat for the Senses: Signature Kitchen Suite Shares ‘True to Food’ Philosophy in Milan
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By News Reporter
Company Continues to Perform Well in Highly Competitive Sector,
Securing Orders Worth KRW 8 Trillion in the First Half of 2022
SEOUL, July 5, 2022 — LG Electronics (LG) continues to establish its position as a major force in the electric vehicle (EV) component solutions business, confirming it has secured orders valued at KRW 8 trillion in the first half of 2022 to deliver its in-vehicle experience to diverse global automakers.
Expanding cooperation with major global car manufacturers including Mercedes-Benz AG, Groupe Renault and General Motors and supplying its P-OLED IVI systems to clients’ electric vehicles, LG is seeking to augment its comprehensive portfolio.
LG’s EV component solutions business is rapidly growing based on its three core businesses sector: the LG Vehicle component Solutions (VS) Company, ZKW Group and LG Magna e-Powertrain.
Acquired by LG in 2018, ZKW Group boasts market-leading vehicle headlamp technology, and a global clientele that includes BMW, Mercedes-Benz AG, Audi and Porsche. Meanwhile, LG Magna e-Powertrain is expanding its worldwide production base, adding a third manufacturing facility (Ramos Arizpe, Coahuila, Mexico) to its existing factories in Incheon, South Korea and Nanjing, China. Construction has already begun on the 25,000-square meter site, which is projected to open in 2023 and is slated to produce key components, such as motors and inverters, for General Motors’ next-generation of EVs.
In the first half of this year, the value of orders for LG’s advanced EV component solutions surpassed the total accumulated value of all orders on hand as of 2021 (KRW 60 trillion) by a mark of 13 percent. The company expects that the accumulated orders placed with its EV components business by the end of 2022 will exceed KRW 65 trillion in value.
Given the decrease in vehicle production due to the shortage of automotive semiconductors and other ongoing global supply issues, the performance is encouraging as the consolidated sales for LG’s EV component solutions business increased up to 24 percent compared to last year, reaching KRW 6.7 trillion.
Based on a report from market research firm Strategy Analytics published in April 2022, LG is estimated to be already leading the global telematics market, boasting a 22.7 percent market share as of the first quarter of 2022 and recording a double-digit market share in the audio, video and navigation (AVN) market since last year.
“Leveraging the advanced core technologies and the strong partnership with the global manufacturers, we will continue to provide differentiated value to our auto-industry customers,” said Eun Seok-hyun, president of the LG VS Company.
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By Phaedrus
On an LG CX 55, two minutes into episode 4 -- "The Tomb" -- of the series Moon Knight on Disney+ there is a scene with statuettes in niches each lit by an oil lamp. As the flames flicker, dark blotches jump around some of the niche walls.
These are certainly unintended artifacts.
Can someone confirm wether this is a CX (only) issue?
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By News Reporter
First in the World to Receive ISO 13849-1 Certification for Mobile Service Robots,
LG Confirms Its Leadership in the Field of Robot Safety Technology
SEOUL, June 28, 2022 — LG Electronics (LG) has again proven its technological capabilities and commitment to creating safe, new innovations for a better life, becoming the first company in the world to receive the ISO 13849-1 certification* for its safety controller module utilized in mobile service robots. The new certification applies to LG’s advanced safety controllers for robots and was issued by Det Norske Veritas (DNV), an international accredited registrar and classification body headquartered in Norway.
LG’s newly developed safety controller for robots ensures the highest level of operational safety and reliability by actively managing robots’ settings, monitoring signals from robots’ sensors in real-time and providing protective deceleration or stop-control whenever any risk is detected.
Composed of only one module, LG’s safety controller boasts a significant advantage over conventional controllers – it can be easily adapted according to the individual specifications of each robot, or to meet the unique requirements of each customer.
Previously, manufacturers had to analyze and evaluate every single aspect of functional safety for each robot they produced, but this is no longer the case thanks to LG’s sophisticated controller. This is expected to help the company authenticate and launch new service robots, such as those from its well-known LG CLOi ServeBot and LG CLOI GuideBot series, more quickly than before.
A leader in the fast-changing robotics industry, LG has accumulated a wealth of data and knowhow through many decades of tireless innovation. The company has introduced a wide variety of robot solutions optimized for settings such as hotels, hospitals and restaurants, and leveraging its diverse technological capabilities, including in the areas of autonomous driving systems, sensors, artificial intelligence and cameras.
Recently, the company announced its full-fledged entry into the next-generation logistics robot market with the launch of LG CLOi CarryBot, developed in collaboration with CJ Logistics, one of South Korea’s largest parcel delivery firms.
“As autonomous robots for both industry and consumer applications are becoming more common, the field of robot safety technology continues to grow in importance,” said Dr. Baek Seung-min, head of the Advanced Robotics Lab at LG Electronics. “We are leading the way in this critical area, leaning on our considerable technological capabilities and real-world experience in applied robotics to provide the highest level of functional safety for the next-generation of autonomous robots.”
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* An international standard for safety-related parts of machinery control systems as defined by the International Organization for Standardization (ISO).
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By News Reporter
The first week of June, which presents International Children’s Day (June 1) and World Environment Day (June 5), reminded us of the importance of caring for our world and its children. To properly commemorate these universal holidays and live up to LG’s steadfast commitment to CSR activities that inspire positive change, LG Kazakhstan enlisted the help of 40 children from the Almaty Regional Orphanage to make a difference in their own backyard, and hopefully learn while having heaps of fun in the process.
The enthusiastic children selected which trees they wanted to plant in the garden, and now fifty apple, plum, apricot, cherry and pear trees are growing there and will eventually provide fresh fruit on their doorstep. Plant specialists were also on site to teach the kids which practices lead to the richest harvest and greenest environment. What’s more, to commemorate International Children’s Day, every hard-working child received a memorable souvenir as a reminder of the amazing work they did that day.
LG Kazakhstan champions sustainable development and social responsibility through the implementation of environmental practices and charity events that improve the quality of life for locals. Recent initiatives such as LG Blood Donations Day, various CSR educational lectures for students and LG Prima Nota Fest – a nationwide classical music contest for children – demonstrate LG’s tireless efforts towards creating a better life for all.
A company must fulfill its environmental and social responsibilities to nurture a flourishing ecosystem that benefits all. Introducing technologies that minimize its carbon footprint during manufacturing and implementing inclusive solutions are deeply embedded in LG’s core value, and the company will never falter when it comes to innovating new solutions that help solve the world’s technological and social issues.
Contributed by LG Kazakhstan
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By News Reporter
Artistry is an apt word to describe the collaboration between LG SIGNATURE and Molteni&C S.p.A, two brands united by their exceptional aesthetic vision and long-standing design leadership. Just in time for Milan Design Week 2022, the two brands joined hands again to introduce the new definition of a perfect harmony of premium home appliances and furniture. The exclusive collaboration takes their artistry to the next level – this time, taking to the big screen.
Hide and Seek is the joint production of LG SIGNATURE and Francesca Molteni, the founder of MUSE Factory of projects. Francesca is an art director and a visual director whose fame excels far and beyond in the design and architecture films. The sophisticated seven-minute visual extravaganza showcases the partnership of LG SIGNATURE and Molteni&C and offers an engaging look into all that the two brands stand for.
On the 6th of June, a day marking the beginning of Milan Design Week, media from all around the nation gathered at the Signature Kitchen Suite Showroom Milan for an exclusive premiere viewing of Hide and Seek. True to the title, the film led attendees through a captivating adventure, portraying the magical possibilities offered through the perfect marriage of technological innovation and outstanding craftsmanship.
Vicky and Marty, two young protagonists of the film, beckon the viewers into a joyous and fanciful world. Important supporting actors are none other than LG SIGNATURE’s most notable products – LG SIGNATURE OLED R, the first-ever rollable TV, the LG SIGNATURE OLED 8K, the company’s latest and greatest addition to its diverse range of OLED offerings; premium kitchen appliances such as the LG SIGNATURE InstaView Door-in-Door Refrigerator and LG SIGNATURE Wine Cellar; and the LG SIGNATURE Washer and Dryer and LG SIGNATURE Air Purifier.
The two children interact freely with the appliances, just as actors would exchange lines. Playing hide-and-seek, they explore a fantastic dreamland conceived by LG SIGNATURE’s cutting-edge innovations. All the while, the Molteni&C showroom functions as an impressive backdrop, adding a refined mood to the scene.
The guests were then led to the LG SIGNATURE zone, where they could explore all the products and brand experiences portrayed in the short film with furnishings by Molteni&C. In addition, a fully immersive and interactive virtual showroom was introduced for a unique hide-and-seek experience of their own. The innovative virtual space was launched on June 3 and is now available on the .
In the near future, the classy collaboration between LG SIGNATURE and Molteni&C will be available also at Contract Atelier in Milan, an innovative space for contract business, and Co van der Horst in Amsterdam, the boutique concept store – both sporting exclusive partners including Molteni&C.
There’s still more to come regarding LG SIGNATURE’s collaborations and projects in the design and art world – stay tuned to Beyond News for the latest.
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