LG has unveiled plans to develop and deploy its own mobile payment service which will be called LG Pay. LG has currently completed agreements with two large Korean credit card companies, namely Shinhan Card and KB Kookmin Card.
LG will unveil its first all-metal luxury Android Wear device, LG Watch Urbane, at Mobile World Congress (MWC) 2015. It's an Android Wear smartwatch that LG calls its luxury iteration, with an all-metal body, gold and silver finishes and a natural leather strap (which can be swapped out, of course).
LG today announced unaudited first-quarter net profit of KRW 38.4 billion (USD 34.91 million) and operating profit of KRW 305.2 billion (USD 277.45 million), up significantly from the previous quarter.