LG Electronics unveiled its latest products and regional solutions at LG InnoFest 2026 APAC, held in Busan, South Korea from April 7–10, bringing together more than 200 partners and media representatives from around 20 countries across the Asia-Pacific region.
Under the theme “Innovation, Forward Together,” the event highlighted LG’s strategy for the region, focusing on developing locally relevant, lifestyle-driven home solutions tailored to diverse Asian markets.
A key focus of the showcase was LG’s expanded laundry and home appliance portfolio. The company introduced a new generation of WashTower™ solutions, including a 25-inch model designed specifically for space-conscious Asian households, alongside existing 24-inch and 27-inch versions.
LG also presented new top-load washing machines powered by its AI DD™ (Artificial Intelligence Direct Drive) technology, which optimises washing performance based on fabric type and load conditions. The machines also feature TurboWash™ 3D, enabling faster wash cycles of under 30 minutes, and automated detergent dispensing systems to improve convenience and efficiency.
In its drying segment, LG highlighted the WashCombo™, an all-in-one washer-dryer solution equipped with Inverter HeatPump™ technology, designed to deliver improved energy efficiency and stable drying performance—addressing rising energy cost concerns in Asian markets. The company also announced expansion plans for its standalone dryer range.
LG further showcased its commercial laundry solutions designed for high-volume use, featuring programmable wash settings, open API connectivity, and service-friendly designs. The company also plans to introduce a new commercial washer-dryer HeatPump Combo for global markets following strong demand in Korea.
Overall, the event underscored LG Electronics’ commitment to strengthening its presence in Asia through innovation-driven, energy-efficient, and region-specific home appliance solutions.
Prompt measures announced to establish Gem Bank
The Presidential Secretariat has directed relevant government institutions to take immediate action on a detailed proposal submitted for the establishment of a Gem Bank in Sri Lanka.
The proposal, submitted on the 10th of this month to the President by Thilakasiri Vitarana, CEO of the Global Promotion International Institute, outlines a concept aimed at leveraging Sri Lanka’s gem resources to strengthen national wealth and economic positioning.
According to the proposal, the envisioned Gem Bank would maintain “gem reserves” in a manner similar to the country’s existing gold and foreign exchange reserves held by the Treasury. The initiative is positioned as a long-term strategy intended to enhance the value of Sri Lanka’s gem sector and contribute to broader national economic ambitions.
The Presidential Secretariat reportedly responded within 48 hours, instructing that the proposal be forwarded for further review and action by the relevant authorities. Accordingly, the documentation has been sent to the Ministry of Industry and Entrepreneurship Development and the National Gem and Jewellery Authority for further evaluation.
The proposal now moves into the institutional review stage, where sectoral agencies are expected to assess its feasibility, regulatory implications, and potential economic impact before any policy decisions are considered.
LG Electronics showcases innovation and growth strategy for Asia at LG InnoFest 2026 APAC
