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LG Electronics

About LG Electronics

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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 became LG Electronics. To expand its footprint in the US, LG acquired US-based television manufacturer Zenith and also launched the world’s first CDMA digital mobile phone in 1995. In 1999, the company made a joint venture with Philips, now known as LG Display, to design and develop liquid crystal displays (LCDs).
 
LG Electronics made a significant contribution to the world’s consumer electronics and home appliances industry. In 2005, it became one of the top 100 global brands in consumer electronics. As of 2009, its display manufacturing unit, LG Display, had become the world’s largest LCD panel manufacturer. The company started making smartphones in 2010. It was one of the early original equipment manufacturers to adopt Google’s Android as default operating system for its smartphones.
 
In 2014, in partnership with Google, the company also announced the Android Wear-based LG G Watch. The next year, the company launched the LG Watch Urbane, the first LG watch to support smartwatch features such as WiFi.
 
Today, LG Electronics is a global brand that manufactures and sells consumer electronics, mobile communications, and home appliances. Besides, it also makes devices and products for commercial use — G-, V-, and F-series mobile communication products, in-vehicle infotainment, HVAC and motor, and vehicle engineering components. In addition, the company also makes commercial display solutions, solar solutions, energy storage systems, energy management solutions, membranes, stylers and lighting products, besides compressors and motors.

Latest Updates on LG Electronics

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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