Asia300

LG Electronics, Inc.

South Korea

  • 1m
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Feb 22, 2018
Prev close: 99,800
Feb 22, 2018
Market cap:
Market cap(USD):
16,332.05B
15,062.99M
Shares: 163.64M

Currency in KRW

Company profile

Market(Ticker): KRX(066570)
Sector:
Industry:
Consumer Durables
Electronics/Appliances
Full time employees: --

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 April 1, 2002 and is headquartered in Seoul, South Korea.

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.

In the news

Financial highlights

Dec 2017

  • Local currency
  • US Dollar
Revenue 61,396.28B
Gross profit 14,658.68B
Operating income 2,468.54B
Income before tax 2,558.11B
Net income 1,725.77B
EBITDA --
Diluted EPS --
Dividends per share 400
Total assets 41,221B
Total liabilities 26,547.3B
Total equity 14,673.7B
Operating cash flow --

Currency in KRW

Revenue 54,308.47M
Gross profit 12,966.43M
Operating income 2,183.57M
Income before tax 2,262.79M
Net income 1,526.54M
EBITDA --
Diluted EPS --
Dividends per share 0.35
Total assets 38,504.50M
Total liabilities 24,797.81M
Total equity 13,706.69M
Operating cash flow --

Currency in USD

Valuation measures

Dec 2017

PER 11.10
ROA 4.36%
ROE 12.94%
Operating margin 4.02%
Profit margin 2.81%

Key executive

  • President, Co-CEO, CFO & Director: Do-Hyun Jung
  • Vice Chairman & Co-Chief Executive Officer: Seong-Jin Cho
  • President-Executive Board & CTO: Skott Ahn
  • Executive VP & Head-European Operations: Wayne Park
  • Vice President: Kevin Cha

Share holders

  • LG Corp.(33.6%)
  • National Pension Service of Korea(8.6%)
  • Dimensional Fund Advisors LP(1.9%)
  • The Vanguard Group, Inc.(1.5%)
  • BlackRock Fund Advisors(1.4%)
  • APG Asset Management NV(1.2%)
  • Norges Bank Investment Management(1.0%)
  • Samsung Asset Management Co., Ltd.(0.6%)
  • Acadian Asset Management LLC(0.5%)
  • LG Electronics, Inc.(0.4%)

Address

  • 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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