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LG to invest $762 mn in webOS to transform into platform-based tech giant

Korea Economic Daily LogoKorea Economic Daily2h ago

LG to invest $762 mn in webOS to transform into platform-based tech giant - Korea Economic Daily

Quick Summary:

LG said on Sunday it unveiled three strategies to enhance the webOS – improving content competitiveness and convenience, expanding webOS ecosystems and advancing ad-business competitiveness within the platform at its webOS Summit 2024.“We aim to evolve into a media and entertainment platform company providing customers with fun through continuous innovation of the webOS platform,” said Park Hyoung-sei, head of LG’s home entertainment division at the event on Friday.

LG is also improving the competitiveness of its ad business within the webOS platform through LG Channels, which provides more than 3,800 channels in 29 countries for free.“The webOS has grown into a platform, to which new technologies such as AI can be applied in the easiest and fastest ways,” Park said.“It is expected to further evolve to make it easier and more convenient for customers to enjoy and experience content in their daily lives.”By Eui-Myung Parkuimyung@hankyung.com Jongwoo Cheon edited this article.

GAME, PAYMENT SERVICELG aims to actively expand the game service with strong growth potential for the webOS, which already allows users to enjoy Nvidia Corp.’s game streaming service GeForce Now, Amazon.com Inc.’s cloud gaming platform Amazon Luna and others on their TVs.


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Article Details

Category: Economy

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-29 @ 17:27:14 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 568 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Korea Economic Daily

News ID: 22767843

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Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 2 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 7 hours ago

Coverage Areas: South Korea

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Publisher ID: #91

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