LG Electronics, Inc.
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- LG Electronics tops giant Samsung in white goods Jun 13, 2020 See more articles on LG Electronics, Inc.
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.
|Income before tax||1,580.73B||1,355.47M|
|Dividends Per Share||750||0.64|
|Operating cash flow||3,689.16B||3,163.44M|
|Currency in KRW||Currency in USD|
|Dec 2015||Dec 2016||Dec 2017||Dec 2018||Dec 2019|
|Income before tax||593,125M||721,717M||2,558.11B||2,008.57B||1,580.73B|
|Dividends Per Share||400||400||400||750||750|
|Operating cash flow||2,618.77B||3,157.99B||2,166.27B||4,541.56B||3,689.16B|
|Dec 2015||Dec 2016||Dec 2017||Dec 2018||Dec 2019|
|Income before tax||524.05M||622.06M||2,262.79M||1,825.11M||1,355.47M|
|Dividends Per Share||0.35||0.34||0.35||0.68||0.64|
|Operating cash flow||2,313.80M||2,721.96M||1,916.18M||4,126.75M||3,163.44M|
- Chief Executive Officer: Brian Kwon
- Chief Technology Officer: Il-Pyung Park
- Vice President, Head-Legal & Compliance Support: Jong-Sang Lee
- Senior Vice President: Taeg-il Cho
- Vice President: Ho-Kun Hwang
- LG Corp. (33.6%)
- National Pension Service of Korea (11.4%)
- The Vanguard Group, Inc. (1.9%)
- Dimensional Fund Advisors LP (1.8%)
- BlackRock Fund Advisors (1.5%)
- Norges Bank Investment Management (1.1%)
- APG Asset Management NV (0.7%)
- Mirae Asset Global Investments Co., Ltd. (0.5%)
- Acadian Asset Management LLC (0.5%)
- LG Electronics, Inc. (0.4%)
- Address: LG Twin Tower, 128 Yeoui-daero, Seoul, 07336, South Korea
- Phone: +82.2.3777.1114
- EIC Properties Pte Ltd.
- LG Electronics Colombia Lda.
- Lg Electronics India Ltd.
- LG Fuel Cell Systems Korea, Inc.
- LG Electronics Peru SA
- Hua Fei Color Display Systems Co., Ltd.
- LG Holdings (HK) Ltd.
- LG Optical (Mfg) Ltd.
- Hi Plaza, Inc.
- Ace R&A Co., Ltd.
- Nanjing LG International Vmi Co. Ltd.
- LG Electronics Vietnam Hai Phong Co. Ltd.
- LG Electronics (Hangzhou) Co. Ltd.
- LG Electronics (China) R&D Center Co. Ltd.
- LG Electronics (Shanghai) R&D Center Co. Ltd.
- Shanghai LG Electronics Co. Ltd.
- LG Electronics Gulf FZE
- LG Electronics (Qinhuangdao) Co. Ltd.
- Qingdao LG Inspur Digital Communication Co. Ltd.
- ZKW Group GmbH
- Hewlett-Packard Co. /Web Operating System Business/
- LG Electronics, Inc. Employee Stock Ownership Association
- LG Electronics Rus OOO
- Daewoo Entec Co. Ltd.
- LG Electronics HK Ltd.
- New Allied Electronics Industries (Pvt) Ltd.
- PT LG Electronics Indonesia
- LS Mtron Co. Ltd. /Air Conditioning Business/
- LG Electronics Inc. Chile Ltda.
- LG Electronics Taiwan Taipei Co. Ltd.
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Copyright © 2020 FactSet Research Systems Inc. All rights reserved.Last Updated on 21 Oct, 2020
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