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lg electronics inc (LGEAF) Snapshot

Open
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52 Week High
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Market Cap
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Average Volume 10 Days
0.0
EPS TTM
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Shares Outstanding
163.6M
EX-Date
12/29/14
P/E TM
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Dividend
$422.49
Dividend Yield
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Current Stock Chart for LG ELECTRONICS INC (LGEAF)

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lg electronics inc (LGEAF) 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 (LGEAF) Top Compensated Officers

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Executives, Board Directors

lg electronics inc (LGEAF) Key Developments

LG Electronics Announces Executive Changes

LG Electronics has announced the appointment of Kim Ki-Wan as the managing director of its India operations, with effect from August 1, 2015. Presently, Ki-Wan is executive vice president of LG's Home Entertainment Overseas Sales and Marketing Group. After a successful five year stint in India, Soon Kwon, the present MD of LG India, will relocate to LG's Korea headquarters to strengthen the B2B business, including commercial displays, globally. Kwon, who has relevant expertise in this area, having previously been part of LG's B2B business as the head of the Business Solution Company, now takes over as the head of its Information Display (ID) business globally. Meanwhile, Ki-Wan will build on the strong foundation laid for LG India and lead a sustainable growth for LG in the country. With more than 30 years of work experience at LG, Ki-Wan's past assignments include being the CEO of MEA regional company and the global marketing officer at LG Electronics.

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.

 

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LGEAF Competitors

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Company Last Change
Lenovo Group Ltd $8.41 HKD -0.23
Mitsubishi Electric Corp ¥1,334 JPY -40.50
NEC Corp ¥396.00 JPY +33.00
Panasonic Corp ¥1,457 JPY +9.50
Toshiba Corp ¥380.00 JPY +10.60
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LGEAF

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Price/Cash Flow 44.1x
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