Tag: LG Electronics

Is this the next tech revolution where instead of everyone walking around with smartphones, everyone is instead wearing headsets?:

Meta founder and CEO Mark Zuckerberg, center, poses with LG Electronics CEO Cho Joo-wan, left, and LG Corp. Vice Chairman Kwon Bong-seok, during a visit to LG Twin Tower in Seoul, Wednesday. Courtesy of LG Electronics

Mark Zuckerberg, founder and CEO of Meta, the U.S. tech giant behind leading social network services like Facebook and Instagram, held meetings with officials from Korean tech companies, Wednesday, to expand the extended reality (XR) ecosystem and foster cooperation in artificial intelligence (AI).

The Meta founder, who arrived in Korea the previous night, marking his first trip here since 2013, visited LG Electronics’ office and met with the company’s CEO, Cho Joo-wan. The discussions centered around technological cooperation related to extended reality (XR).

On the same day, the Meta chief also held private meetings with officials from XR-related startups in Korea. Later in the evening, he met Samsung Electronics Executive Chairman Lee Jae-yong at Seungjiwon, Samsung Group’s VIP guest house located in Seoul.

Zuckerberg’s meeting with Korean tech company representatives is seen as a move to try to build a strong software and hardware manufacturing ecosystem like Meta’s rival Apple.

Korea Times

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I am sure President Trump will be pleased with this news:

LG Electronics’ plans to build a washing machine factory in Tennessee are taking shape as it seeks to sustain growth in the key American market while avoiding punitive protectionist measures from Donald Trump’s administration.

The company signed a memorandum of understanding with the state government on Tuesday in Tennessee, with the goal of clinching a contract by June and beginning construction by the year’s end. LG will spend $250 million on the project.

The facility, to be built on a 300-acre plot of land in Clarksville, will begin making washing machines for sale in the United States by the first half of 2019 at the earliest, LG said. The plant will be able to produce at least a million units of both front- and top-loading machines a year. The site may later expand to production of other home appliances, the company said.  [Joong Ang Ilbo]

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