Global share of Samsung Electronics, LG Electronics in TV market crosses 50%

Seoul: In the first quarter of this year, Korean companies took up more than half of the global TV market and showed off their presence.

LG Electronics leads the premium TV market with more than doubled OLED TV shipments compared to the same period last year in the first quarter of this year. Samsung Electronics, the world’s No. 1 company, also sold 10 million QLED TVs this year due to strong sales of its new product called Neo QLED.

According to a survey by market research firm Omdia on Tuesday, LG OLED TV shipments in the first quarter of this year totaled 79,200 units, up 116 per cent compared to the same period last year, the highest sales record of the first quarter.