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What is LG Electronics?

LG Electronics

About LG Electronics

What is LG Electronics?

Headquartered in Seoul, LG is a South Korean electronics manufacturer founded as GoldStar by Koo In-hwoi in 1958. The company was set up to manufacture consumer electronics and home appliances for the local market after the Korean War. Therefore, it was the first to produce radio equipment, televisions, refrigerators, washing machines and air conditioners in South Korea. While the company initially operated under the GoldStar branding, it was later merged with Lucky Chemical and LS Cable –other LG group companies – in 1995.
 
The company’s first overseas production facility was set up in the US in 1982. In 1994 GoldStar officially
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Latest Updates on LG Electronics

LG starts manufacturing dual inverter air conditioner compressors in India

South Korean consumer durables maker LG Electronics on Monday said it has started manufacturing Dual Inverter Air Conditioner Compressors at its plant in Greater Nodia.

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Updated On : 28 Mar 2023 | 10:00 AM IST

LG Energy to invest $5.5 bn to build standalone battery plants in US

LGES, the world's second-largest battery maker after China's CATL, had withdrawn the plan a few months later, citing a spike in costs amid runaway global inflation

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Updated On : 24 Mar 2023 | 5:16 PM IST

Import dependency for AC compressors may fall to 15% by 2027-28

Domestic manufacturing from month-end under PLI scheme to lower dependence from 85%

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Updated On : 13 Mar 2023 | 12:26 AM IST

Retail electronics firms scale up inventory, anticipating demand surge soon

This buildup is owing to the fact that demand peaked before Diwali and then drastically declined afterwards due to high inflation and thus retailers cut down inventory levels

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Updated On : 19 Feb 2023 | 8:36 PM IST

Tech giant LG Electronics showcases NFT artworks via OLED evo TVs

An NFT is a non-interchangeable unit of data stored on a blockchain, which can be owned and traded as a digital item

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Updated On : 19 Feb 2023 | 7:03 PM IST

LG Electronics Q4 profit collapses on slumping demand, rising cost

But LG's electric vehicle (EV) parts business made a turnaround 10 years after it entered the market

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Updated On : 28 Jan 2023 | 6:00 PM IST

LG invests Rs 200 cr at Pune facility; starts local mfg of refrigerators

LG Electronics India has invested around Rs 200 crore at its Ranjangaon, Pune-based facility to set up a new line for manufacturing the premium range of side-by-side refrigerators

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Updated On : 17 Jan 2023 | 8:05 PM IST

LG Electronics December-quarter operating profit down 91.2% y-o-y

Revenue increased 5.2 percent on-year to 21.85 trillion won, marking a quarterly high, according to the earnings guidance released by the company

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Updated On : 07 Jan 2023 | 4:59 PM IST

CES 2023: LG Signature OLED M3 TV with 'Zero Connect Technology' unveiled

The LG Signature OLED M3 TV comes with a separate 'Zero Connect box', which is a wireless solution capable of real-time video and audio transmission at up to 4K resolution at 120Hz refresh rate

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Updated On : 06 Jan 2023 | 4:08 PM IST

LG Electronics announces appointment Hong Ju Jeon as MD for India business

South Korean consumer electronics major LG on Wednesday announced the appointment of Hong Ju Jeon as the Managing Director of its India business

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Updated On : 04 Jan 2023 | 11:25 PM IST

LG Innotek to reveal new camera module at 'Consumer Electronics Show 2023'

Digital zoom magnifies the size of the image to have serious quality degradation, whereas the optical zoom camera moves the lens directly to zoom the subject which maintains high image quality

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Updated On : 28 Dec 2022 | 1:38 PM IST

LG Electronics India FY22 PAT falls 23% to Rs 1,175 cr; total income up 10%

LG Electronics India's profit after tax for FY22 declined 23.17 per cent to Rs 1,174.7 crore, according to financial data accessed by the business intelligence platform Tofler

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Updated On : 11 Dec 2022 | 8:00 PM IST

After Android certificate leak, Samsung, LG phones at malware attacks risk

Samsung and LG phones are reportedly at risk of malware attacks because of a leaked Android certificate.

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Updated On : 05 Dec 2022 | 9:13 AM IST

LG develops 'Invisible' Thin Actuator Sound Solution for automobiles

LG Display has announced that it has developed the "Thin Actuator Sound Solution", a new sound technology for automobiles.

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Updated On : 22 Nov 2022 | 7:29 PM IST

Apple to use LG-supplied OLED screens for iPhone 14 Pro, iPhone 14 Pro Max

For the past two years, Samsung Display has supplied its LTPO OLED to Apple for use in mobile devices

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Updated On : 10 Nov 2022 | 2:48 PM IST

LG unveils 32-inch 4K Smart Monitor with AirPlay 2 support, built-in webOS

The new monitor comes in a white finish instead of the usual black plastic bezels. Its 32-inch 4K panel is supported by a pair of HDMI ports as well as single USB-A input and Gigabit Ethernet

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Updated On : 18 Oct 2022 | 3:25 PM IST

LG Electronics unveils world's largest 97-inch OLED TV at US trade show

LG Electronics said it has showcased the world's largest organic light-emitting diode (OLED) TV at the latest trade show in the US in a bid to target the premium TV market in North America

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Updated On : 03 Oct 2022 | 2:10 PM IST

LG launches wearable air purifier to ensure clean air for the user

The Puricare wearable air purifier's face guard uses medical grade silicon that has been thoroughly checked for safety

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Updated On : 21 Sep 2022 | 4:16 PM IST

New LG platform Art Lab lets users buy, sell NFTs through its premium TVs

LG Electronics on Monday launched its very own non-fungible token (NFT) platform called LG Art Lab compatible with its premium TVs

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Updated On : 05 Sep 2022 | 3:17 PM IST

LG Electronics posts 12% drop in profit on weaker demand in 2nd qtr

LG Electronics said its second-quarter operating profit decreased 12 per cent (on-year) amid rampant inflation that hurt consumer demand for TVs and other home appliances

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Updated On : 29 Jul 2022 | 1:57 PM IST