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Last 40,600 KRW
Change Today -250.00 / -0.61%
Volume 1.2M
066570 On Other Exchanges
Korea SE
Korea SE
As of 2:29 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

lg electronics inc (066570) Snapshot

Previous Close
Day High
Day Low
52 Week High
08/7/14 - 79,600
52 Week Low
07/31/15 - 40,300
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for LG ELECTRONICS INC (066570)

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lg electronics inc (066570) Details

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 conditioners, commercial air conditioners, and other products. LG Electronics Inc. also offers LED, display and network products, substrate and materials, optics solutions, auto and motor products, vehicle components, compressors, motors, display materials, lighting solutions, solar energy systems, and others. The company was formerly known as GoldStar and changed its name to LG Electronics Inc. in 1995. LG Electronics Inc. was founded in 1958 and is headquartered in Seoul, South Korea.

Founded in 1958

lg electronics inc (066570) Top Compensated Officers

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lg electronics inc (066570) Key Developments

LG Electronics Inc., Q2 2015 Earnings Call, Jul 29, 2015

LG Electronics Inc., Q2 2015 Earnings Call, Jul 29, 2015

LG Electronics Announces Consolidated Earnings Results for the Second Quarter Ended June 2015

LG Electronics announced consolidated earnings results for the second quarter ended June 2015. For the quarter, the company announced says its second quarter earnings sank 45% over a year earlier as losses widened in its TV business. The company reported a net profit of KRW 226.4 billion for the April-June quarter, compared with KRW 411.8 billion a year earlier. Sales fell 8% to KRW 13.9 trillion and operating income declined 60% to KRW 244 billion compared to sales of KRW 15.1 trillion and operating income of 609.7 billion a year ago. Weak currencies in Europe and Russia hurt demand for TVs and profitability. LG's mobile business produced a tiny profit as it spent heavily to promote the G4 Smartphone in the face of Apple's iPhone and Samsung's Galaxy Smartphones. Net income before tax was KRW 311.9 billion compared to KRW 620.6 billion a year ago.

Dynamic Digital Depth Research Pty Ltd. Files Patent Infringement Suit Against LG Electronics

DDD Group plc confirmed that Dynamic Digital Depth Research Pty Ltd. ('DDD') has filed a lawsuit in Los Angeles alleging that LG Electronics' range of 3D televisions infringe three of DDD's U.S. patents. The complaint alleges that the automatic 2D to 3D conversion function performed by LG's range of 3D televisions infringes the claims of DDD's U.S. Patent No. 6,477,267 "Image Conversion and Encoding Techniques", U.S. Patent No. 6,496,598 "Image Processing Method and Apparatus", and U.S. Patent No. 7,489,812 "Conversion and Encoding Techniques". The complaint notes that despite the fact that LG licensed DDD's TriDef 3D solutions for use with their 3D personal computer products and their 3D mobile phones, the engineering team responsible for the development of LG's 3D televisions pursued the development of their 3D TVs in full knowledge of the existence of DDD's patents and technologies. As a result, the complaint alleges that the LG has demonstrated a pattern of blatantly disregarding DDD's intellectual property and by doing so, LG is getting a "free ride" on DDD's decades of research and development, and unfairly competing in the marketplace since first announcing their range of 3D TVs in late 2009. The complaint seeks injunctive relief and unspecified monetary damages and contends that since LG's infringement has been, and continues to be, willful, DDD is entitled to seek treble damages and an award of its attorneys' fees, costs, and expenses.


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066570:KS 40,600.00 KRW -250.00

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