March 27, 2017 8:34 AM ET

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Company Overview of LG Electronics Inc.

Company Overview

LG Electronics Inc., together with its subsidiaries, manufactures and sells consumer electronics, mobile communication products, and home appliances under the LG name worldwide. It operates through five business segments: Home Entertainment, Mobile Communications, Home Appliance & Air solution, Vehicle Components, and LG Innotek Co., Ltd. The Home Entertainment segment manufactures and sells televisions, monitors, PCs, security devices, audio and video products, digital media products, and other products. The Mobile Communications segment manufactures and sells mobile phones, mobile accessories, and smart watches. The Home Appliance & Air solution segment manufactures and sells refrigerators...

LG Twin Tower 128




South Korea

Founded in 1958


82 2 3777 1114

Key Executives for LG Electronics Inc.

LG Electronics Inc. does not have any Key Executives recorded.

LG Electronics Inc. Key Developments

LG to Launch M-Payment Service in Korea

LG Electronics announced plans for its own mobile payments service, to rival Apple, Samsung and Google. The company partnered with Dynamics to develop the LG Pay service. Under the agreement, LG will apply the Wireless Magnetic Communication technology of Dynamics to its payment system, which will launch first in South Korea in June. This allows payments by touching a smartphone to standard credit card terminals. LG's new G6 smartphone is expected to be the first to support LG Pay.

LG to Launch Two Android Smartwatches in South Korea

LG Electronics has announced it will launch two smartwatches powered by the latest Android operating system in South Korea later this week. Dubbed 'Watch Style' and 'Watch Sport', the devices run on Google's Android Wear 2.0 wearables OS, and will be available across South Kore starting with 11 March 2017.

LG Electronics Unveils New Dual Inverter Air Conditioner Series

LG Electronics has unveiled a new DUAL Inverter Air Conditioner series. LG Dual Invertor ACs complies with ISEER Ratings (Indian Seasonal Energy Efficiency Ratio), a new efficiency rating for AC by BEE (Bureau of Energy Efficiency). With this move, inverter technology will become affordable for consumers who are looking to upgrade to energy efficient air conditioners.LG has taken the inverter technology one step further to Dual Inverter, which will consume much lesser energy than a conventional AC. LG Inverter AC uses dual rotary compressor which has twin Rotors, which results in faster cooling, high energy savings, low operational noise and greater stability. For instance, a 1.50 Ton, Dual Inverter AC will save 834 units with respect to a 5 star Split AC in one year, which is absolute saving for the consumer. With the LG dual inverter ACs, consumers can save up to 50% of running cost annually. Moreover, LG's stabilizer free technology will not only help consumers to save money spent on the stabilizer (approximately 2,500/-) but also enhance the aesthetics of the room as well as cools up to 52 degree Celsius. Also, the company is offering a 10 year warranty on the compressor and 5 year warranty on the condenser for each AC. The company is launching 45 new models in the price range of 36,000/- to 54,000/-.LG's air conditioners are also equipped with the mosquito away feature that aid consumers to stay protected from mosquitoes at home.

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