LG Electronics Co., Ltd.

Overview

LG Electronics Inc. is a South Korean multinational electronics company founded in 1958 and headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a part of LG Corporation, the fourth largest chaebol in South Korea, and is often considered the pinnacle of LG Corp. It comprises four business units: home entertainment, mobile communications, home appliances & air solutions, and vehicle components. The company has 141 operations globally, employing 74,266 people. Products offered by the company include televisions, home theater systems, refrigerators, washing machines, computer monitors, wearable devices, solar modules, smart appliances, and formerly smartphones. In 2022, the company generated 83.5 KRW trillion (USD 61.4 billion) in revenue.

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Quick Facts

Company Name	LG Electronics Co., Ltd.
Industry	Computers and Electronics Manufacturing
HQ Address	Seoul, South Korea
Revenue	83.5 KRW trillion [2022]
Employee Size	Total - 74,266, Global - 38,441 and Korea - 35,825
Company Type	Public
Fiscal Year-End	December 31st
Website	www.lge.co.kr
Subsidiaries	Affiliated Companies – LG Electronics, LG Display, LG Innotek, LG Chemicals, LG Energy Solutions, LG Household & Health Care, and More
Locations	Europe, Russia & CIS, North America, Latin America, and Middle East and Africa
Competitors	Philips, Sony, Samsung, Electrolux, and Sharp Electronics.
Recognition & Awards	In September 2023, LG AI Research Institute received the Minister of Science and ICT Award, and More