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Consumer Durables

LG Electronics, Inc.

Company Background

LG Electronics is a core company of South Korean conglomerate LG group, alongside LG Chem. Founded in 1958, LG Electronics has led the country's electronics industry since its early days as the first producer of radios, TVs and other appliances. Now, it is the second-largest electronics maker after Samsung Electronics.

Although LG Electronics lags far behind Samsung in semiconductors and smartphones, the two companies are in close competition in areas such as TVs, washing machines and refrigerators, at home and abroad. Headhunting and patent infringement suits are also common between the two companies. LG Electronics is known for its more laid-back work atmosphere compared to Samsung, which requires its employees to deliver results in a short time.

Its affiliated companies, such as LG Display and LG Innotek, produce liquid crystal display panels and electronic parts. Amid increased competition with its Chinese rivals in consumer products, LG Electronics aims to boost sales of electronic parts outside the group. It has, for example, set up a division specializing in research and development and supply to automakers.

Koo Bon-joon, vice chairman of LG Electronics, is the brother of LG Corp. chairman Koo Bon-moo, and the grandson of Koo In-hwoi, the company founder. He cannot ignore his brother when making important management decisions.

Business Summary

LG Electronics, Inc. engages in the manufacturing of display devices, home appliances, multimedia goods, electronic parts and develops software. It operates through the following business areas: Home Entertainment, Mobile Communications, Home Appliance, Air-Conditioning, Energy Solution and Independent business area. The Home Entertainment business area provides products such as televisions, monitors, personal computers for IT, Car Infotainment and produces Chemical and Electronic Materials. The Mobile Communications business area offers products such as handsets and tablets. The Home Appliance business area provides products such as refrigerators, washing machines, cooking and cleaning and health care appliances. The Air Conditioning and Energy Solution business area manufactures products such as Light Emitting Diode (LED) lightings, residential and system air conditioners. The Independent business area provides products such as compressors, storage devices, PC, telematics and solar cells. The company was founded by In-Hwoi Koo on Oct 1, 1958 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2022 KRWUSD
Gross Profit19,505.75B15,096.14M
Operating income3,524.40B2,727.65M
Income before tax3,707.83B2,869.61M
Net income1,340.75B1,037.65M
Diluted EPS6,644.465.14
Dividends Per Share7000.54
Total Assets55,156.14B43,618.93M
Total liabilities32,664.14B25,831.66M
Total equity18,992.10B15,019.46M
Operating cash flow3,107.83B2,405.25M
Currency in KRWCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 61,341.66B 62,306.17B 58,057.90B 73,907.98B 83,467.31B
Gross Profit 14,655.69B 16,128.72B 14,923.71B 18,273.14B 19,505.75B
Operating income 2,683.60B 2,298.74B 3,905.10B 4,047.69B 3,524.40B
Income before tax 2,008.57B 1,580.73B 3,367.52B 3,390.01B 3,707.83B
Net income 1,240.13B 31,285M 2,616.74B 2,396.71B 1,340.75B
EBITDA 4,685.03B 4,805.11B 6,421.23B 6,777.04B 6,514.25B
Diluted EPS 6,887.13 173.74 10,931.17 5,729.62 6,644.46
Dividends Per Share 750 750 1,200 850 700
Total Assets 44,328.44B 44,859.87B 48,204.22B 53,481.47B 55,156.14B
Total liabilities 28,021.53B 28,434.73B 30,662.10B 33,383.44B 32,664.14B
Total equity 14,253.26B 14,330.08B 15,437.50B 17,230.64B 18,992.10B
Operating cash flow 4,541.56B 3,689.16B 4,628.57B 2,677.38B 3,107.83B
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 55,738.89M 53,427.38M 49,206.29M 64,539.47M 64,598.10M
Gross Profit 13,317.08M 13,830.33M 12,648.41M 15,956.85M 15,096.14M
Operating income 2,438.48M 1,971.16M 3,309.72M 3,534.61M 2,727.65M
Income before tax 1,825.11M 1,355.47M 2,854.10M 2,960.29M 2,869.61M
Net income 1,126.86M 26.82M 2,217.79M 2,092.91M 1,037.65M
EBITDA 4,257.11M 4,120.37M 5,442.24M 5,917.99M 5,041.59M
Diluted EPS 6.25 0.14 9.26 5.00 5.14
Dividends Per Share 0.68 0.64 1.01 0.74 0.54
Total Assets 39,727.94M 38,791.02M 44,374.68M 44,989.67M 43,618.93M
Total liabilities 25,113.40M 24,587.95M 28,226.18M 28,082.81M 25,831.66M
Total equity 12,774.03M 12,391.44M 14,211.08M 14,494.75M 15,019.46M
Operating cash flow 4,126.75M 3,163.44M 3,922.89M 2,337.99M 2,405.25M

Valuation Measures

Dec 2022
Operating margin4.22%
Profit margin1.60%

Key executives

  • President. Chief Executive Officer & Director: Joo-wan Cho
  • Chief Technology Officer & Executive VP: Byoung-hoon Kim
  • Vice President, Head-Legal & Compliance Support: Jong-Sang Lee
  • Executive Vice President: Park Hyoung-sei
  • Executive Vice President: Brian Na


  • LG Corp. (33.6%)
  • National Pension Service of Korea (8.4%)
  • The Vanguard Group, Inc. (1.7%)
  • BlackRock Fund Advisors (1.5%)
  • Norges Bank Investment Management (1.2%)
  • Dimensional Fund Advisors LP (1.1%)
  • APG Asset Management NV (0.7%)
  • Mirae Asset Global Investments Co., Ltd. (0.7%)
  • Samsung Asset Management Co., Ltd. (0.6%)
  • Goldman Sachs Asset Management International (0.5%)

Contact Details

  • Website:
  • Address: LG Twin Tower, 128 Yeoui-daero, Seoul, 07336, South Korea
  • Phone: +82.2.3777.1114

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Last Updated on 30 Mar, 2023

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