CHANGWON, South Gyeongsang Province -- Since its debut last month, LG Electronics’ Tromm Twin Wash -- a washing machine fitted with a front loader with a separate small top loader below -- has won fans overseas.　Inundated with orders from global retailers for what LG calls a revolutionary invention, the tech giant said it has been working flat out to meet demand.LG Electronics employees work at the assembly line in Changwon, South Gyeongsang Province, on Friday. (LGE)　The electronics firm declin

Audi, together with Korean battery makers LG Chem and Samsung SDI, aims to take on Tesla with its new full-electric sport utility vehicle that drives 500 kilometers on a single charge. The German marque is set to unveil a preview of the e-tron quattro concept at the upcoming Frankfurt auto show in September. It plans to put the car into production in 2018 as its first mainstream electric car. The car’s 500-kilometer driving range is more than triple that of other mass-market EVs on the market. E

Samsung Electronics’ new mobile payments system Samsung Pay made its Korean debut on Thursday, aiming to replace credit cards with mobile phones. Starting with the Korean service, Samsung Pay will be released in the U.S. on Sept. 28 after a monthlong beta service. Launches in other markets are set to come in phases. A customer pays with Samsung Pay at a grocery. Samsung ElectronicsKey to the service is its compatibility with existing credit card terminals, as it creates a small magnetic field th

Korean hardware start-up WayWearable is aiming to take K-beauty to the world with a smart skin care device that helps women in their daily life.And it has found sufficient reason to believe it can: Its debut product, WAY, used crowdfunding on global platform Indiegogo in May and June to raise over $120,000 from fans in 44 countries ― 243 percent of what it asked for, before the product even hit mass production. “K-beauty is hot nowadays. We would like to create a new movement blending K-beauty a

LG Chem said Wednesday it had finished expansion work on production lines for acrylic acid and a super absorbent polymer -- two basic materials on which the company pins high hopes for market leadership.Following the expansion, its production plant in Yeosu, South Jeolla Province, has an annual production capacity of 510,000 tons of acrylic acid and 360,000 tons of SAP, the world’s fifth- and fourth-largest capacities, respectively. The company predicted an additional 300 billion won ($250 milli

Internet firm marks 100th day of start-up incubator in province

SAMSUNG ATTRACTS TOURIST SHOPPERS-- Tech giant Samsung Electronics said Tuesday that it would hold promotional events to give gifts to foreign customers who purchase Samsung products at the firm’s retail stores at duty free shops during the “Korea Grand Sale,” a nationwide shopping event for foreign tourists held from August throughout October.　(Samsung)

NEW WIRELESS SPEAKERS -- South Korean electronics firm LG Electronics said Wednesday it would add two new Bluetooth speakers -- the Music Flow P5 and SoundPop 360 -- to its wireless audio lineup. The tech firm will showcase the speakers at the IFA electronics trade show to be held in Berlin in September. (LGE) NEW WIRELESS SPEAKERS -- South Korean electronics firm LG Electronics said Wednesday it would add two new Bluetooth speakers -- the Music Flow P5 and SoundPop 360 -- to its wireless audio

Dozens of Korean and foreign suppliers of Samsung Electro-Mechanics are seeking legal action against the electronics parts manufacturing unit of Samsung Group for its alleged mishandling of production contracts.BeCom, a local manufacturer, said Tuesday that the company, together with its 14 subcontractors in Korea and overseas, were suffering from combined financial losses of 46 billion won ($39 million) due to Samsung’s unilateral breach of contract. In June, BeCom inked a deal with Samsung Ele

Two firms vow to strengthen ties with Chinese partners

CARD ISSUERS GET SMART -- Samsung Electronics said Tuesday that it would collaborate with 10 credit card companies to nurture the Samsung Pay mobile payment service. Executives from the tech giant and the card firms, including KB Kookmin Card, Woori Card and Samsung Card, pose at a meeting to map out ways to work together on the mobile payment system in Seoul, Tuesday. (Samsung Electronics)

SK Group is considering pouring about 46 trillion won ($38 billion) over the next few years to expand the production facilities of its chipmaking unit SK hynix, officials said Monday.The large-scale investment move came after group chairman Chey Tae-won returned to management after being released from jail following a special presidential pardon last week.Before presiding over a meeting with CEOs across group affiliates on Monday, Chey said, “I will have to move quickly and make on-site visits.”