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July 05, 2015 6:39 AM ET

Household Durables

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. Its Home Entertainment division offers a range of televisions, monitors, PCs, security devices, audio and video products, and other products. The company’s Mobile Communications division provides G Series, Vu: Series, F Series, and L Series? mobile phones; and smart watches. Its Home Appliance division offers refrigerators, microwave ovens, dishwashers, washing machines, vacuum cleaners, water purifiers, and other products. The company’s Air Conditioning & Energy Solution division provides residential air conditioner...

LG Twin Tower 128

Yeoui-daero

Yeongdeungpo-gu

Seoul,  

South Korea

Founded in 1958

Phone:

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 Electronics Inc. Will Lower New Headquarters to Preserve the View

LG Electronics has agreed to reduce by half the height of its planned headquarters in Englewood Cliffs in a settlement with environmental groups that said the original 143-foot-tall design would mar the sweeping view of the Palisades cliffs. The agreement would lower the height of the proposed building to less than 70 feet. LG has been planning the headquarters since 2009, receiving approvals at the local, county and state level for a 143-foot-tall building. But a coalition of influential opponents challenged the plan in court and in protests, contending that the building would spoil views of the Palisades cliffs. The new building will have a five-story north wing and a three-story south wing. LG plans to seek LEED Platinum certification for the building, which is situated on a 27-acre site on Sylvan Avenue, a few miles south of its current headquarters. The company still expects to more than double its local workforce once it moves in, from 500 to more than 1,000 by 2019, in addition to creating thousands of construction jobs and an estimated $26 million in annual tax revenue.

Allin Interactive Collaborates with LG Electronics on Hospitality Integration Project

Allin Interactive announced at the HITEC conference in Austin, Texas the integration of Allin's DigiHD™ high-definition interactive television solution with LG Electronics' Pro:Centric® Platform series of hospitality Smart IPTVs. As a result, hospitality clients can seamlessly present Allin's full HD ITV solution on LG's Hospitality Smart IPTVs without the use of an external set-top-box (STB). The announcement was accompanied by a ribbon-cutting ceremony with LG executives in Allin's booth #321 at the large hospitality technology exposition, hosted this year at the Austin Convention Center. LG's Pro:Centric provides a dedicated hotel application platform for system integrators' interactive applications, enabling delivery of a wide range of custom applications tailored to both hotel management and guest needs. Leading system integrators like Allin apply their software directly into the televisions, eliminating the need for external STB hardware and reducing associated capital and support. The LG platform also includes remote diagnostic tools for partners to manage their systems and monitor the TVs on the hotel network. Allin's DigiHD solution provides a branded high-definition interactive interface that optimizes the real estate of today's high-resolution television screens. Interactive content is managed 100% by the client via Allin's DigiManager™ content management portal, providing guests with access to quality on-demand information and entertainment. Efficient and easy navigation enhances the ITV experience, offering functionality such as pay-per-view movies, tour and show ticketing, restaurant information with menus and reservations, daily activity schedule, account review, and room service ordering. For those hoteliers that employ LG and third-party commercial televisions that require the implementation of an external set-top-box, Allin and LG can now fulfill this requirement with the LG Pro:Centric STB-3000.

LG G4 Now Available in the U.S

LG Electronics announced that the LG G4 is officially on sale online and in stores through major carriers, including Verizon, AT&T, Sprint, T-Mobile, and U.S. Cellular, as well as national retailers Best Buy and Amazon.com. Available in Genuine Leather Brown, Genuine Leather Black, Metallic Gray, Ceramic White and Gold, specific pricing, color options and bundle details can be found on each carrier and retailer's site. Extra Battery. Double Storage. Zero Cost. Rethinking the Camera and Display for a Visual Generation: With the LG G4, amateur and professional photographers alike can now add a smartphone to their repertoire. With an F1.8 wide aperture lens, 16MP rear-facing OIS 2.0 camera and 8MP front-facing selfie camera, the G4 captures professional-grade photos with stunning clarity and color accuracy. Its new Manual Mode lets users get even more creative with their shots by adjusting the focus, shutter speed, ISO, exposure compensation and white balance. Capturing beautiful images is one of the G4's great qualities and so is experiencing great visual experiences. The LG G4 is the first smartphone with a 5.5-inch IPS Quantum Display with Quad HD resolution, offering 20% greater color reproduction, 25% improvement in brightness and 50% greater contrasts over the LG G3. Other key specifications include: Chipset: Qualcomm Snapdragon 808 Processor with X10 LTE - Memory: 32GB eMMC ROM, 3GB LPDDR3 RAM /microSD slot - Battery: 3,000mAh (removable) - Operating System: Android 5.1 Lollipop.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 11, 2015
decaWave Limited
Merger/Acquisition
April 28, 2015
LG Electronics Inc., Part Of System IC Business
Merger/Acquisition
March 13, 2015
Global OLED Technology LLC
 

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