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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

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lg electronics inc (LGEAF) Key Developments

LG Electronics Inc. Announces Key Leadership Changes

LG Electronics (LG) announced key executive appointments designed to further strengthen the company as it enters the new year. Leading the global corporation will be three veteran executives who will oversee every aspect of LG Electronics' business. The new leadership structure of LG Electronics is designed to give each executive more independence and responsibility to facilitate rapid decision-making in today's fast-changing business environment and diversified consumer segments. The three Representative Directors of LG Electronics are: Jo Seong-jin, President and CEO of Home Appliances & Air Solutions; Juno Cho, President and CEO of Mobile Communications; David Jung, President and CFO. Current Vice Chairman and CEO Koo Bon-joon will rejoin the leadership team at LG Electronics' parent company, LG Corp. As part of his responsibility, David Jung will also take on the new role of Corporate Business Administration Officer where he will oversee overseas sales and marketing, global production and quality management as well as continuing to lead the office of the CFO. Executive Vice President Lee Sang-bong, head of the LG Energy Business Center, will be promoted to President and will take on an expanded role as B2B (business-to-business) Officer, overseeing all of LG's commercial sector business, which includes professional displays, commercial air conditioning systems and energy solutions. Global Sales and Marketing Officer Wayne Park will assume the new title of Executive Vice President and Head of LG's European Operations. Executive Vice President Brian Na will be responsible for LG's Overseas Sales and Marketing, overseeing 47 LG sales subsidiaries worldwide. All appointments are effective as of Dec. 1, 2015 with promotions taking effect on Jan. 1, 2016. The overal new organizational structure will take effect once confirmed at the general meeting of shareholders in early 2016.

LG Electronics Unveils LG Spirit LTE and LG G4 Stylus 4G Handsets in India

LG Electronics has announced the availability of LG Spirit LTE and LG G4 Stylus 4G handsets in India. These 4G handsets are unique in that they will be VoLTE (Voice Over LTE) and VoWiFi (Voice Over Wi-Fi) enabled allowing faster transmission of data and voice. They will be exclusively available across the country at various multi-brand outlets. These new devices are a must have for all those who want to take advantage of the 4G network.

LG Electronics Unveils OLED Display at South Korea's Incheon International Airport

LG Electronics reported thar it has deployed two of the large OLED displays at South Korea's Incheon International Airport. LG worked closely with the French design firm Wilmotte & Associes to develop the structures which adorn the main terminal of the airport. Each sign is composed of 140 55-inch curved OLED panels, resulting in displays that stand 13 meters high and 8 meters across. The two curved displays will feature a variety of content to demonstrate the capabilities of OLED technology, such as brilliant fireworks set against a night sky. Every pixel in an OLED display emits its own light, so there is no need for LED backlighting, making both of the airport displays light and flexible, allowing them to hang from the ceiling with minimal support.


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