LG Electronics Inc. (KRX: 066570.KS)
Consumer Electronics · Seoul, South Korea · Founded 1958
- Market capitalization: $12.0 billion
- Annual revenue: $55.0 billion
- Net income: $1.0 billion
- Employees: 75,000
- Sector: Technology
- Headquarters: Seoul, South Korea
- Founded: 1958
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LG Electronics is a South Korean conglomerate making home appliances, TVs, vehicle components, and business solutions. They exited the smartphone business in 2021 to focus on higher-margin segments. The vehicle component solutions (VS) business, supplying EV parts and infotainment systems, has become the growth story.
Revenue from home appliance sales (refrigerators, washers, air conditioners), TV and display sales, vehicle components, and B2B solutions. The premium appliance strategy — selling higher-end products with better margins — has been the focus under CEO William Cho.
Founded in 1958 as GoldStar, the company rebranded to LG in 1995. They were a major smartphone player before exiting the market in 2021 after years of losses. The pivot to vehicle components and premium appliances has reshaped the business. LG's OLED TV technology is considered the best in the industry.
| Market Capitalization | $12.0B |
| Annual Revenue | $55.0B |
| Net Income | $1.0B |
| Profit Margin | 2% |
| Revenue per Employee | $733333K |
| Stock Exchange | KRX |
| Ticker Symbol | 066570.KS |
Financial data is approximate and based on most recent annual filings.
LG's decision to exit smartphones — once a $15 billion revenue business — was one of the boldest strategic retreats in consumer electronics. Their OLED panels are used in TVs from Sony, Vizio, and other brands, not just LG's own.
LG made the right call exiting smartphones and doubling down on appliances and vehicle components. The OLED technology leadership is a genuine competitive advantage.
What is LG Electronics Inc.'s revenue?
LG Electronics Inc. generates approximately $55.0 billion in annual revenue.
How many employees does LG Electronics Inc. have?
LG Electronics Inc. employs approximately 75,000 people worldwide.
What is LG Electronics Inc.'s market cap?
LG Electronics Inc. (066570.KS) has a market capitalization of approximately $12.0 billion on the KRX.
When was LG Electronics Inc. founded?
LG Electronics Inc. was founded in 1958 and is headquartered in Seoul, South Korea.
Who is the CEO of LG Electronics Inc.?
William Cho is the current CEO of LG Electronics Inc..
What is LG Electronics Inc.'s website?
LG Electronics Inc.'s official website is lg.com.
| CEO | William Cho |
| Sector | Technology |
| Industry | Consumer Electronics |
| Founded | 1958 |
| HQ | Seoul |
| Country | South Korea |
| Website | lg.com |
See traffic, security, and technical data for LG Electronics Inc.'s website:
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