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LG Electronics

Overview
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Financials

LG Electronics (KRX: 066570) is a South Korean multinational electronics company. LG Electronics is a part of LG Corporation, the fourth-largest  chaebol  in South Korea. LG Electronics has been listed on the Korean Stock Exchange since 2002. It generated revenue of KRW 83,467 billion (~USD 65 billion) in 2022.

The Home Appliances & Air Solutions (H&A) segment was the largest (~36% of total revenue in 2022), offering refrigerators, washing machines, air conditioners, etc. The Home Entertainment (HE) segment offers TVs, audio and video devices, PCs, monitors, and accessories. The Vehicle Component Solutions (VS) segment offers in-vehicle infotainment, vehicle HVAC and motors, vehicle engineering products, and connectivity solutions. LG Innotek offers a range of LEDs, optic solutions, substrate materials, and automotive components.   

In July 2023, LG Electronics declared its vision to transform from a global home appliance brand to a “smart life solution company” that can connect and expand customers’ diverse experiences while driving global revenue to KRW 100 trillion by 2030. LG Electronics expects to achieve carbon neutrality by 2030 and reach 100% renewable energy use by 2050.

HQ Location:
128 Yeoui-daero, Yeoui-dong, Yeongdeungpo-gu, Seoul Seoul KOR
Founded year:
1958
Employees:
10,000+
Retail
Hospitality & Travel
Sports & Entertainment
Construction & Real Estate
Information Technology
Manufacturing
Retail Industry Robots
Retail Industry Robots
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Recent Updates

Partnerships
Industry news
May 20, 2024
LG reportedly pauses XR device development partnership with Meta
Extended Reality
Product updates
May 17, 2024
LG Display announces micro-OLED display with 4K resolution and 10,000 nit brightness
Extended Reality
Partnerships
Product updates
Mar 18, 2024
LG Electronics launches metaverse platform for HVAC installers and professionals
Metaverse Experience Platforms
Funding
Mar 11, 2024
LG Electronics invests USD 60 million in Bear Robotics
Restaurant Industry Robotics
Partnerships
Feb 28, 2024
Meta and LG formally announce partnership to develop XR headset
Extended Reality
Industry news
Feb 25, 2024
Meta and LG Electronics rumored to co-develop and launch XR headset in 2025
Extended Reality
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