|Jul 24, 2017|
|Jul 24, 2017|
Currency in KRW
|Full time employees:||--|
LG Household & Health Care Ltd. engages in the production and sale of household goods and cosmetic products. It operates through Beauty, Health, and Refreshment business divisions. Its Beauty business division provides anti-aging cosmetic products. Its Health division markets healthcare, skincare, and household products. The Refreshment division provides soda, juice, energy drinks, and other beverages. The company was founded on April 3, 2001 and is headquartered in Seoul, South Korea.
LG Household & Health Care is one of the largest household goods and cosmetics manufacturers in South Korea and ranks second in cosmetics in the country after AmorePacific Group. The company's cosmetics sales via duty-free shops have increased steadily due to a growing number of visitors from abroad. In addition, it has recently been active in mergers and acquisitions of domestic and foreign cosmetics brands. These factors have helped the cosmetics division gain a higher percentage of consolidated sales than the household goods division.
In 2001, LG Household & Health Care was established as a spinoff from LG Chem, taking over the cosmetics business from its parent LG group, one of South Korea's global conglomerates, which started out as a cosmetics producer. The company is built around three core divisions: detergent and other household goods, cosmetics and soft drinks, and its overseas operations focused on cosmetics.
The company is enjoying brisk demand for its high-end cosmetics brands at home and in China, including the Whoo line, based on traditional Korean herbal medicine, and Sum 37, a brand that uses naturally-fermented plants from around the world, at home and in China. The Face Shop, the low-cost brand acquired by LG Household, has proved popular with young Asian consumers. Meanwhile, the Korean company is preparing to keep pace with the era of an aging society through its Japanese subsidary, EverLife, that sells inner beauty products and health products.
LG Household & Health Care Vice Chairman Cha Suk-yong, who previously worked for U.S. consumer products maker Procter & Gamble, serves as CEO of the South Korean company. The company is vigorously pursuing new product development under the leadership of Cha, who is noted for his P&G-style management approach emphasizing innovation.
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- Local currency
- US Dollar
|Income before tax||745,485.18M|
|Dividends per share||7,500|
|Operating cash flow||713,435.54M|
Currency in KRW
|Income before tax||642.55M|
|Dividends per share||6.46|
|Operating cash flow||614.93M|
Currency in USD
- Chief Executive Officer & Director: Suk-Yong Cha
- Chief Financial Officer & Director: Sung Huh
- Chief Technology Officer & Executive Director: Cheon-Gu Lee
- Executive Director & Head-Household Goods Business: Jeong-Ae Lee
- Managing Director: Heung-Gi Lee
- LG Corp.(34.0%)
- National Pension Service of Korea(6.1%)
- LG Household & Health Care Ltd.(6.1%)
- OppenheimerFunds, Inc.(2.8%)
- T. Rowe Price International Ltd.(1.9%)
- Vontobel Asset Management, Inc.(1.2%)
- The Vanguard Group, Inc.(1.2%)
- BlackRock Fund Advisors(1.2%)
- T. Rowe Price Associates, Inc.(1.0%)
- Harding Loevner LP(0.8%)
- Website: http://www.lgcare.com
- Address: LG Gwanghwamun Building, 58 Saemunan-ro, Seoul, 03184, South Korea
- Phone: +82.2.3773.1114
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