Latest news with #LyuJae-cheol
Cision Canada
08-05-2025
- Business
- Cision Canada
LG ELECTRONICS INDIA LIMITED BEGINS CONSTRUCTION OF ITS THIRD MANUFACTURING PLANT IN INDIA
SRI CITY, India, May 8, 2025 /CNW/ -- LG Electronics India Ltd. (LGEIL) announced the commencement of construction of its new manufacturing facility in Sri City, Andhra Pradesh today at a ceremony graced by the presence of Shri Nara Lokesh, Hon'ble Minister for Information Technology, Electronics and Communications, Real Time Governance and Human Resources Development, Government of Andhra Pradesh. The new plant is expected to commence operations by the end of 2026. Strategically located in Sri City's industrial area, the new manufacturing facility will enhance LGEIL's production capacity and also enable local employment in the region. The new facility will be LG Electronics' third plant in India. The other two plants are located in Greater Noida, Uttar Pradesh and Pune, Maharashtra. This investment underscores India's potential as a critical hub within LG Electronics' global supply chain. The government of Andhra Pradesh has approved 247 acres of land in Sri City for LGEIL's new manufacturing facility, which is expected to generate around 1495 direct jobs. LGEIL plans to invest approximately USD 600 million (INR 5001 crores) over the next four years, with the potential to attract ancillary businesses to the region, thereby creating an ecosystem for white good manufacturing in the state of Andhra Pradesh. The new plant at Sri City is expected to localize production further and meet the growing demand for LG products throughout India. It will also strengthen LGEIL's supply chain in South India, while helping expedite access to LG products for consumers in the region. The facility will manufacture a diverse range of products, including AC compressors, refrigerators, washing machines and air conditioners. In addition to the presence of Shri Nara Lokesh, the ceremony was attended by other senior government functionaries along with senior LG Electronics executives from South Korea, including Lyu Jae-cheol, president of the LG Home Appliance Solution Company; James Lee, president of the LG Eco Solution Company and Hong Ju Jeon, managing director of LGEIL. Other government officials and senior LGEIL leadership were also present at the ceremony. Sharing his best wishes from Amaravati, the new capital of Andhra Pradesh, Shri N Chandrababu Naidu, Hon'ble Chief Minister of Andhra Pradesh said, "We wholeheartedly welcome LG Electronics to Sri City, Andhra Pradesh. The announcement of LG Electronics' new manufacturing plant in Andhra Pradesh is a testament to Andhra Pradesh's progressive policies with regards to being industry friendly, ease-of-doing-business, fostering innovation and being home to world-class manufacturing hubs. A well-developed industrial ecosystem, great connectivity and pro-business environment makes Sri City the best location for the new plant." Shri Nara Lokesh, Hon'ble Minister for Information Technology, Electronics and Communications, Real Time Governance and Human Resources Development, Government of Andhra Pradesh said, "We are delighted that LG Electronics has chosen Sri City for its third manufacturing facility in India. This is a testament of LG Electronics' commitment to India and I am confident that this expansion into Andhra Pradesh will address the potential growth in demand for LG products across India." "We are taking yet another important first step toward enhancing our partnership with India and contributing to its economic growth. The construction of our third manufacturing plant will complement our existing production facilities in Noida and Pune and marks a new milestone in our journey in India," said Lyu. "This brand-new facility will create more jobs and increase local production," he further added. About LG Electronics India Pvt Ltd LG Electronics India Pvt. Ltd. (LG Electronics), a wholly owned subsidiary of LG Electronics was established in January 1997 in India. LGEIL currently operates two manufacturing units located in Greater Noida, Uttar Pradesh and Ranjangaon near Pune. The plants currently manufacture LED TVs, air conditioners, washing machines, refrigerators, microwave ovens and monitors. "LG Electronics India Limited (the "Company") is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus dated December 6, 2024 ("DRHP") with the Securities and Exchange Board of India ("SEBI"). The DRHP is available on the websites of our Company, at SEBI at as well as on the websites of the book running lead managers, Morgan Stanley India Company Private Limited, J.P. Morgan India Private Limited, Axis Capital Limited, BofA Securities India Limited, and Citigroup Global Markets India Private Limited, at and respectively, and the websites of the stock exchange(s) at and respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see "Risk Factors" of the Red Herring Prospectus, when available."
Al Bawaba
09-04-2025
- Automotive
- Al Bawaba
Kia and LG Electronics Partner to Showcase New PBV Concepts for Work and Play
Kia Corporation and LG Electronics today announced a partnership to collaborate on the implementation of mobility space solutions based on PBV (Platform Beyond Vehicle) technology. The companies signed a Memorandum of Understanding (MOU) at the Kia pavilion at the 2025 Seoul Mobility Show, held at KINTEX in Goyang, South Korea, and unveiled concept models for mobile work and recreational spaces that incorporate advanced home appliances into Kia's MOU signing ceremony was attended by Won-Jeong Jeong, Executive Vice President and Head of Korea Business Division at Kia, and Lyu Jae-cheol, president of the LG Home Appliance Solution agreement brings together Kia's PBV technology and LG's expertise in AI solutions. The companies aim to offer customized space experiences for users, tailored to different lifestyles and work needs, by integrating advanced home appliances into PBVs. This will enable users to transform the vehicle into a personalized office, studio, lounge, etc.'By offering mobility space solutions that combine automobiles with home appliances, we aim to lead a transformative shift in customers' lifestyles,' said Won-Jeong Jeong, Executive Vice President and Head of Korea Business Division at Kia. 'This partnership with LG Electronics advances the core value of PBVs, contributing to a new mobility paradigm where vehicles evolve into personalized spaces for living and working.'PV5 Spielraum conceptsKia and LG are showcasing two PV5 Spielraum concept models at the Kia pavilion during the 2025 Seoul Mobility Show, held from April 4 to 13. The word 'Spielraum' – German for 'play space' – reflects the concept of flexible mobility Studio concept: The Spielraum Studio concept is aimed at solo entrepreneurs who travel frequently, requiring both workspace and storage. It features LG's AI-powered home appliances, such as its modular Stylers[i], smart mirrors, and coffee machines, which are integrated to optimize the PV5's interior. The AI system can monitor the user's business schedule, calculate the remaining travel time to the destination, and recommend appliance settings Glow cabin concept: The Spielraum Glow cabin concept is designed to cater to the growing demand for car picnic experiences. It includes appliances such as refrigerators, lightwave ovens, and wine cellars, seamlessly supporting a wide range of outdoor leisure activities. Each appliance has MoodUP™ panels[ii] that adjust color based on the user's preferences, providing a unique two companies are working together to bring the concept models to market in the second half of 2026. With this agreement as a starting point, they also plan to cooperate in developing advanced home appliances and AI solutions that can streamline and enhance everyday tasks. © 2000 - 2025 Al Bawaba (
Zawya
08-04-2025
- Automotive
- Zawya
Kia and LG Electronics partner to showcase new PBV concepts for work and play
The PV5 Spielraum Studio concept for mobile work and the PV5 Spielraum Glow cabin concept for outdoor activities debut at the 2025 Seoul Mobility Show Kia and LG are collaborating to launch the concept models in the second half of 2026 Dubai, United Arab Emirates – Kia Corporation and LG Electronics today announced a partnership to collaborate on the implementation of mobility space solutions based on PBV (Platform Beyond Vehicle) technology. The companies signed a Memorandum of Understanding (MOU) at the Kia pavilion at the 2025 Seoul Mobility Show, held at KINTEX in Goyang, South Korea, and unveiled concept models for mobile work and recreational spaces that incorporate advanced home appliances into Kia's PBVs. The MOU signing ceremony was attended by Won-Jeong Jeong, Executive Vice President and Head of Korea Business Division at Kia, and Lyu Jae-cheol, president of the LG Home Appliance Solution Company. The agreement brings together Kia's PBV technology and LG's expertise in AI solutions. The companies aim to offer customized space experiences for users, tailored to different lifestyles and work needs, by integrating advanced home appliances into PBVs. This will enable users to transform the vehicle into a personalized office, studio, lounge, etc. 'By offering mobility space solutions that combine automobiles with home appliances, we aim to lead a transformative shift in customers' lifestyles,' said Won-Jeong Jeong, Executive Vice President and Head of Korea Business Division at Kia. 'This partnership with LG Electronics advances the core value of PBVs, contributing to a new mobility paradigm where vehicles evolve into personalized spaces for living and working.' PV5 Spielraum c oncept s Kia and LG are showcasing two PV5 Spielraum concept models at the Kia pavilion during the 2025 Seoul Mobility Show, held from April 4 to 13. The word 'Spielraum' – German for 'play space' – reflects the concept of flexible mobility environments. Spielraum Studio concept: The Spielraum Studio concept is aimed at solo entrepreneurs who travel frequently, requiring both workspace and storage. It features LG's AI-powered home appliances, such as its modular Stylers [i], smart mirrors, and coffee machines, which are integrated to optimize the PV5's interior. The AI system can monitor the user's business schedule, calculate the remaining travel time to the destination, and recommend appliance settings accordingly. Spielraum Glow cabin concept: The Spielraum Glow cabin concept is designed to cater to the growing demand for car picnic experiences. It includes appliances such as refrigerators, lightwave ovens, and wine cellars, seamlessly supporting a wide range of outdoor leisure activities. Each appliance has MoodUP™ panels [ii] that adjust color based on the user's preferences, providing a unique experience. The two companies are working together to bring the concept models to market in the second half of 2026. With this agreement as a starting point, they also plan to cooperate in developing advanced home appliances and AI solutions that can streamline and enhance everyday tasks. -Ends- About Kia Corporation Kia ( is a global mobility brand with a vision to create sustainable mobility solutions for consumers, communities, and societies around the world. Since 1944 Kia has been providing mobility solutions. With 52,000 employees worldwide, a presence in more than 190 markets, and manufacturing facilities in six countries, the company today sells around three million vehicles a year. Kia is spearheading the popularization of electrified and battery electric vehicles and developing a growing range of mobility services, encouraging millions of people around the world to explore the best ways of getting around. The company's brand slogan – 'Movement that inspires' – reflects Kia's commitment to inspire consumers through its products and services. For more information, visit the Kia Global Media Center at For media inquiries, please contact Gaia Cianci Account Manager E. [i] LG Styler is LG's clothing care solution designed for garment caring, focusing on sanitization and deodorization through TrueSteam™ Technology. It also reduces wrinkles with its moving hanger and steam. [ii] The MoodUP panel is a feature in LG MoodUP™ refrigerators that allows users to change the color of the door panel via LG ThinQ™ app, enabling the customization of colors to match the preferred atmosphere or mood.
Korea Herald
03-04-2025
- Automotive
- Korea Herald
LG PARTNERS WITH KIA TO PRESENT AI-POWERED MOBILITY SPACE SOLUTIONS
Company Redefines In-Vehicle Experience with Smart Home Solutions Delivering Tailored Mobility Experiences SEOUL, South Korea, April 3, 2025 /PRNewswire/ -- LG Electronics (LG) is presenting the Spielraum concept car in collaboration with Kia at the 2025 Seoul Mobility Show, taking place at KINTEX in Ilsan, Korea, from April 3-13. This partnership, formalized through a Memorandum of Understanding, aims to seamlessly combine LG's AI-driven smart life solutions with Kia's Platform Beyond Vehicle (PBV) technology, creating a distinctive mobility space experience. Through this partnership, LG and Kia seek to enhance the PBV experience, transforming everyday mobility into a seamless and convenient lifestyle extension. Integrated LG appliances – such as a refrigerator, air conditioner and Styler – allow users to transform their vehicle into a mobile office or studio. Debuting at the 2025 Seoul Mobility Show, the Spielraum Studio and Spielraum Glow cabin concepts demonstrate how users can customize their vehicle space to fit their unique lifestyles. Spielraum Studio, designed for entrepreneurs who travel frequently and need both workspace and storage, features LG's modular Styler, smart mirror and a coffee machine – all optimized for the interior of the PV5, Kia's first dedicated PBV. AI-powered personalized assistance further enhances convenience, offering optimized clothing care settings based on the user's schedule. Catering to a different lifestyle, the Spielraum Glow cabin targets the rising trend of car picnics and camping. Equipped with LG's refrigerator, Lightwave oven and wine cellar, it elevates outdoor experiences with next-level convenience. Additionally, all integrated appliances feature MoodUP™ panels, allowing users to customize their space with dynamic color options that match their preferences. At the heart of the Spielraum concept is the LG ThinQ ON™, an AI-powered home hub that provides highly personalized experiences. By leveraging generative AI, it enables interactive conversations, optimal control of in-vehicle appliances and efficient schedule management. Beyond providing useful information such as weather and traffic updates, the system can connect to external services, including food delivery, laundry and restaurant reservations. Expanding the boundaries of AI-driven living based on the company's vision of Affectionate Intelligence, LG introduced the LG Mobility Experience (MX) platform at CES 2025. This approach extends AI's role beyond residential spaces into everyday environments such as commercial and mobility spaces, creating personalized spaces for work, relaxation and entertainment. By seamlessly connecting mobility with AI home solutions, LG is redefining how people interact with their surroundings, offering multifunctional and adaptive living spaces. "We are excited and proud to bring our advanced AI space solutions to the PBV mobility market through this collaboration with Kia," said Lyu Jae-cheol, president of the LG Home Appliance Solution Company. "This collaboration provides an important opportunity to expand LG Electronics' 'AI Space Solution,' serving as a stepping stone to create new AI-powered lifestyle experiences beyond the home, across mobility and other everyday spaces". The LG Home Appliance Solution Company (HS) is a global leader in home appliances and AI home solutions. By leveraging industry-leading core technologies, the HS Company is committed to enhancing consumers' quality of life and promoting sustainability. The company develops thoughtfully designed kitchen and living appliance solutions and has recently integrated LG's Robot Business Division to incorporate advanced robot technologies into its home solutions. Together, these products offer enhanced convenience, exceptional performance, efficient operation and sustainable lifestyle solutions. For more news on LG, visit
Yahoo
20-02-2025
- Business
- Yahoo
LG REVEALS NEW "SKS" BRANDING FOR ITS LUXURY SIGNATURE KITCHEN SUITE BUILT-IN LINE AT KBIS 2025
Company Introduces SKS Brand Refresh, Showcases Superb New Built-in Kitchen Solutions at Premier Industry Event SEOUL, South Korea, Feb. 20, 2025 /PRNewswire/ -- LG Electronics (LG) announces the rebranding of its SIGNATURE KITCHEN SUITE to SKS at the 2025 Kitchen and Bath Industry Show (KBIS) in Las Vegas, U.S.A., from February 25-27. Originally launched in 2016, the SIGNATURE KITCHEN SUITE brand now enters a new era with a refreshed identity and a new lineup of cutting-edge kitchen appliances under the SKS name. The transformation reflects the brand's refined aesthetic, modern positioning and steadfast commitment to sophisticated design and advanced innovation. The new "SKS" is designed to resonate more strongly with customers worldwide while maintaining the brand's essence. This rebranding underscores SKS's leadership in the luxury built-in appliances. Despite global market challenges, SKS is poised to solidify its leadership by leveraging cutting-edge Core Technology, AI-driven convenience and sophisticated design. This strategy positions the brand as a key player in the growing built-in appliance market, reinforcing its position as a premier household appliance leader. Following KBIS 2025, LG will roll out a comprehensive brand renewal across all customer touchpoints, including retail stores and showrooms, and will expand its U.S. presence with a third showroom. At KBIS 2025, LG is showcasing a range of innovative SKS appliances designed to enhance luxury kitchen aesthetics and functionality. Leading the lineup is the new 36-inch Cook-zone-free Induction Pro Range, featuring the industry's first free-zone cooking surface range, allowing users to place cookware anywhere on the cooktop. This range also includes an advanced convection system for fast and even cooking, steam technology to preserve meal quality, a built-in camera for real-time monitoring, and LG's Gourmet AI™ for intelligent and precise heating control. Complementing the Pro Range, SKS's new dishwasher offers a flawlessly flush fit with standard-depth cabinetry. Aligning perfectly with the front edge of the counter, the dishwasher helps customers maintain the clean, uninterrupted lines of their custom-designed kitchen. In addition, LG is introducing the groundbreaking SKS Island System, a highly-evolved kitchen island concept integrating LG's cutting-edge cooking and ventilation technologies. This system features a hidden induction cooktop that blends with the countertop's woodgrain finish when not in use, and a downdraft ventilation system with SKS's proprietary air curtain technology for effective smoke and steam removal. Customizable built-in storage spaces around the ventilation system exemplify SKS's commitment to personalized luxury. "The new SKS represents the natural and ongoing evolution of our ultra-premium kitchen brand, celebrating a decade of excellence," said Lyu Jae-cheol, president of the LG Home Appliance Solution Company. "By embracing our True to Food philosophy, SKS will continue to deliver differentiated kitchen solutions that enhance the customer experience and strengthen LG's leadership in the high-end built-in market." Visitors to LG's booth (West Hall #2417, Las Vegas Convention Center) at KBIS 2025 can experience firsthand the superior style and functionality of the latest LG premium kitchen innovations. For more information on SKS, visit About SKS SKS delivers innovation in the luxury built-in kitchen appliance market with purposeful design and bold innovation. Backed by global innovator LG Electronics, SKS is inspired by LG's "life's good" mission. SKS creates luxury kitchen appliances that unite precision, performance and passion. With a commitment to excellence and a passion for pushing boundaries, SKS (formerly known as Signature Kitchen Suite) has earned international awards for its revolutionary designs and continues to redefine modern kitchen technology. From the first-of-its-kind built-in sous vide range to the industry's first built-in French Door refrigerator with a convertible middle drawer, SKS's versatile and high-performance appliances deliver the ultimate precision cooking experience. Visit or follow the brand on social channels @SKSappliances. View original content to download multimedia: SOURCE LG Electronics, Inc.
