LG Electronics, Inc.

In the news

Huawei summit, Hang Seng Tech Index launch and Apple Q3 results Jul 26, 2020
China cinemas reopen, STAR Market anniversary, PAL Holdings AGM Jul 19, 2020
LG debuts fan-powered mask to ease breathing Jul 13, 2020
US to allow companies to work with Huawei on 5G standards Jun 17, 2020
LG Electronics tops giant Samsung in white goods Jun 13, 2020

See more articles on 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 2021	KRW	USD
Revenue	74,721.90B	65,250.22M
Gross Profit	--	--
Operating income	3,867.70B	3,377.43M
Income before tax	--	--
Net income	--	--
EBITDA	--	--
Diluted EPS	--	--
Dividends Per Share	1,200	1.04
Total Assets	--	--
Total liabilities	--	--
Total equity	--	--
Operating cash flow	--	--
	Currency in KRW	Currency in USD

Historical Data

KRW | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	61,396.28B	61,341.66B	62,306.17B	63,262.04B	74,721.90B
Gross Profit	14,219.42B	14,655.69B	16,128.72B	16,758.78B	--
Operating income	2,454.78B	2,683.60B	2,298.74B	3,179.48B	3,867.70B
Income before tax	2,558.11B	2,008.57B	1,580.73B	2,479.82B	--
Net income	1,725.77B	1,240.13B	31,285M	1,968.33B	--
EBITDA	4,222.35B	4,685.03B	4,805.11B	5,822.39B	--
Diluted EPS	9,584	6,887.13	173.74	10,931.17	--
Dividends Per Share	400	750	750	1,200	1,200
Total Assets	41,220.95B	44,328.44B	44,859.87B	48,204.22B	--
Total liabilities	26,547.27B	28,021.53B	28,434.73B	30,662.10B	--
Total equity	13,224.26B	14,253.26B	14,330.08B	15,437.50B	--
Operating cash flow	2,166.27B	4,541.56B	3,689.16B	4,628.57B	--

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	54,308.47M	55,738.89M	53,427.38M	53,616.99M	65,250.22M
Gross Profit	12,577.88M	13,317.08M	13,830.33M	14,203.71M	--
Operating income	2,171.39M	2,438.48M	1,971.16M	2,694.73M	3,377.43M
Income before tax	2,262.79M	1,825.11M	1,355.47M	2,101.74M	--
Net income	1,526.54M	1,126.86M	26.82M	1,668.23M	--
EBITDA	3,734.91M	4,257.11M	4,120.37M	4,934.70M	--
Diluted EPS	8.47	6.25	0.14	9.26	--
Dividends Per Share	0.35	0.68	0.64	1.01	1.04
Total Assets	38,504.46M	39,727.94M	38,791.02M	44,374.68M	--
Total liabilities	24,797.78M	25,113.40M	24,587.95M	28,226.18M	--
Total equity	12,352.77M	12,774.03M	12,391.44M	14,211.08M	--
Operating cash flow	1,916.18M	4,126.75M	3,163.44M	3,922.89M	--

Valuation Measures

Dec 2021
PER	--
ROA	--
ROE	--
Operating margin	5.17%
Profit margin	--

Key executives

Chief Executive Officer: Joo-wan Cho
Chief Technology Officer & Executive VP: Byoung-hoon Kim
Vice President, Head-Legal & Compliance Support: Jong-Sang Lee
Executive Vice President & Head-Business Solutions: Ik-hwan Jang
Senior Vice President: Taeg-il Cho

Shareholders

LG Corp. (33.6%)
National Pension Service of Korea (8.5%)
The Vanguard Group, Inc. (1.6%)
BlackRock Fund Advisors (1.4%)
Norges Bank Investment Management (1.1%)
Dimensional Fund Advisors LP (1.0%)
APG Asset Management NV (0.7%)
Mirae Asset Global Investments Co., Ltd. (0.6%)
Samsung Asset Management Co., Ltd. (0.6%)
BlackRock Advisors (UK) Ltd. (0.5%)

Contact Details

Website:http://www.lge.com
Address: LG Twin Tower, 128 Yeoui-daero, Seoul, 07336, South Korea
Phone: +82.2.3777.1114

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Last Updated on 19 Jan, 2022