SEOUL, May 27, 2008 (AFP) - South Korea's LG Electronics said Tuesday it may have to cut its handset prices if global leader Nokia moves first to do so.

LG's share price fell sharply this week amid market talk that Nokia may cut its prices for select cellphone models by up to 20 percent to grab some customers away from US rival Motorola.

EINDHOVEN, Netherlands, March 12, 2008 (AFP) - Dutch electronics giant Philips said Wednesday it has further cut its stake in its South Korean joint venture, LG Philips LCD, the world's second-largest maker of flat panel screens.

NEW YORK, Feb 22, 2008 (AFP) - Whirlpool Corp. welcomed Friday a US government investigation into South Korea's LG Electronics Inc. following a patent infringement complaint filed by the US firm.

SEOUL, Oct 11, 2007 (AFP) - Dutch electronics giant Philips has sold down its stake in a joint venture in South Korea to below 20 percent as part of its move to adjust business portfolios, company officials said Thursday.

Philips Electronics sold a 13 percent stake in LG Philips LCD, the world's second largest maker of flat panel screens, to raise 2.2 billion dollars, the joint venture said.

'They divested the shares to international and local financial institutions in a block sale deal in the pre-opening session this morning,' an LG Philips LCD spokeswoman said.