Best Buy CEO Hubert Joly held a meeting with LG electronics executives late last week to discuss expanding sales channels for LG handsets and its new consumer electronics lineups for the next year in the U.S., sources said on Friday.LG Electronics’ head of Home Entertainment Kwon Hee-won and other top officials were among the participants. “The meeting was about the products that will be introduced in the U.S. market next year,” the sources said. Increasing the sales channels for LG’s latest han

BMW 중국 법인의 임원 및 관계자들이 지난 달 말 LG를 방문해 자동차 부품 및 관련 사업에 대해 논의했다. 주된 회동은 LG화학과 이뤄졌으며, 이 때문에 BMW에 대한 전기 자동차 배터리 공급에 녹색 신호등이 켜진 것이 아닌가 하는 예측을 자아내고 있다.LG화학의 한 관계자는 “BMW 중국 대표단이 자동차 부품에 들어가는 원료 사업의 트렌드를 살피기 위해 LG화학을 방문했다”고 전하며 “이번 방문에서 중국 대표단은 자동차 범퍼에 쓰이는 ABS 플라스틱과 프레임을 만들 때 쓰이는 EP 등에 대해 이야기가 오갔다,”고 밝혔다. 현재 LG화학은 관련 원료 제품을 GM, 포드, 볼보, 르노 사에 공급하고 있다.최근에는 테슬라 모터스(Tesla Motors)의 전기자동차 배터리 공급자로 거론 되기도 했지만, 삼성 SDI가 보다 유력한 후보자로 낙찰되었다는 후문이다. 업계 관계자들은 본사가 아닌 중국법인에서 파견되어 왔다는 점에서 이번 만남에 대해 너무 큰 의미를 둘 수 없다고 하면서도 향

Samsung Electronics, the world’s largest electronics maker, is expected to record its highest-ever operating profit in the third quarter of this year, according to financial analysts on Thursday. The market consensus for Samsung’s operating profit released on Tuesday by financial information institute FnGuide prior to the release of the earnings guidance on Friday was 9.9 trillion won ($9.2 billion), up from 9.5 trillion won in the previous quarter. The FnGuide report estimated that Samsung woul

Refrigerators and clothing dryers made by Samsung Electronics were picked as the best products of the year on Thursday by Consumer Reports, a U.S. monthly home-appliance magazine.According to the magazine’s list of the best products of 2013, the Korean firm’s double-door refrigerator outperformed other products in such categories as noise, energy efficiency, and convenience. Its French-door refrigerator was recognized for its twin-cooling system in which the freezer and refrigerating space have

   (Yonhap) -- South Korean football club FC Seoul will look to finish off its Iranian opponent and make the finals at this year's AFC Champions League this week.   FC Seoul will travel to Azadi Stadium in Tehran to face Esteghlal in the second leg of the semifinals at the top Asian club football competition. The game will kick off at 7 p.m. on Wednesday local time, or 12:30 a.m. Thursday in Korean time.   Last Wednesday, FC Seoul blanked Esteghlal 2-0 at Seoul World Cup Stadium, on goals by Dej

   (Yonhap) -- Former short track world champion Noh Jin-kyu will miss the upcoming World Cup event here with a shoulder injury, skating officials said on Tuesday.   The Korea Skating Union (KSU) said Noh, the 2011 men's overall world champion, will sit out the second leg of the World Cup, organized by the International Skating Union (ISU), from Thursday to Sunday at Mokdong Ice Rink in Seoul.   The 21-year-old captured the men's 1,500-meter title at the first World Cup event in Shanghai last mo

(Yonhap) -- President Park Geun-hye said Tuesday South Korea will build strong defense capabilities to deter threats from North Korea and render its nuclear weapons useless.   Park made the remark during an Armed Forces Day ceremony, saying the security situation on the Korean Peninsula and in Northeast Asia is "very grave" as North Korea is persistently pursuing nuclear weapons development in an effort to build more sophisticated bombs.   "We have to build strong deterrence against North Korea

(AP) -- Pentagon and administration lawyers are looking for ways to expand the number of Defense Department civilians who are exempt from furloughs, amid worries that the government shutdown is damaging U.S. credibility among its international allies, Defense Secretary Chuck Hagel said Tuesday. Hagel, who is on a weeklong trip to South Korea and Japan for meetings with defense and diplomatic officials, said he is being asked about the budget battle during his visit. "It does have an effect on ou

A series of patent disputes between the world’s two leading display manufacturers came to the end as Samsung Display and LG Display decided to drop all the related lawsuits early this week. Analysts said the two giants shared the view that their long legal disputes would undermine their competitiveness in the ever-fierce competitive market. They said the sense of crisis in the display market, which is suffering from a prolonged period of weakness, might have prompted them to bury the hatchet. Ac

Science, ICT and Future Planning Minister Choi Mun-kee expressed skepticism about the possibility of an early opening of the so-called M&A exchange for start-ups and small and medium companies in the country.“I am well aware of the importance of the M&A market, but it is too early to set up an M&A exchange in Korea,” Choi said in an exclusive interview with The Korea Herald.“The local M&A market appears to be not yet mature enough to accommodate such an exchange. Confidentiality and reliability