LG Electronics to venture into food waste disposer market

Quick Summary:

LG Electronics Inc., the world's largest home appliance maker, will make its foray into the food waste disposer market in the first quarter of 2025, heralding a shake-up in the sector led by small electronics companies, according to industry sources on Monday.

But large home appliance makers have neglected the market because of hygiene and environmental protection issues.Samsung Electronics Co., registered a food waste disposer trademark in 2020, but has yet to launch the product.

The domestic food waste disposer market is being led by small and medium-sized electronics companies such as Hurom Co., Cuckoo Electronics Co., a unit of Cuckoo Holdings Co., Minix and Smartcara Co.

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Article Details

Category: Economy

Markets: South Korea

Topics: Electronics Products Global Food Market Forecast Product Disposer Waste Appliance First

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 20:11:44 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 330 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 23393729

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About Korea Economic Daily

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 14 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 14 hours ago

Coverage Areas: South Korea

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Publisher ID: #91

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