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News Reporter

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  1. Fans of a galaxy far, far away recently came together in Anaheim, California for this year’s highly-anticipated Star Wars Celebration. The event featured all things Star Wars, from celebrity panel discussions to immersive exhibits, and a collaboration of galactic proportions from LG and Lucasfilm. The two innovative companies selected the celebration as the perfect occasion for LG to unveil a special Star Wars edition of LG’s award-winning LG OLED evo C2 65-inch model. Featuring a Star Wars inspired design aesthetic, user-interface and packaging, as well as a gallery of Star Wars content, the Star Wars LG OLED evo is sure to appeal to fans of Jedi and Sith alike. In a nod to the enduring franchise’s popular 501st Legion of clone troopers, only 501 units of the special-edition TV will be released in both the US and German markets. The Star Wars LG OLED evo has been created with the ultimate fan in mind, combining LG’s self-lit display prowess and user-experience expertise with the distinctive flavors of the beloved space saga. The superb TV provides the breathtaking picture quality of LG OLED evo technology as well as lifelike sound, to help transport viewers to their favorite Star Wars locales, from Tatooine to Coruscant and everywhere in between, while watching their favorite Star Wars content. LG OLED evo TVs leverage millions of self-lit pixels to deliver sharp, realistic images with perfect blacks, vivid, accurate colors and infinite contrast. Although ideal for watching any genre of content, the Star Wars LG OLED evo TV brings an extra layer of authenticity and immersion to the Star Wars viewing experience thanks to its unique design elements, UI and content gallery. LG’s special-edition TV has an unmistakably Star Wars-themed look, including a Star Wars-branded remote featuring a user interface designed to reflect a LightsaberTM theme, and comes with a gallery of unique Star Wars visuals preinstalled. What’s more, the TV ships in Star Wars-branded packaging featuring an image of Darth Vader – whose instantly recognizable breathing can be heard whenever the TV is powered on. Additionally, each TV comes with a numbered certificate of authenticity. Within the TV’s Gallery Mode, a feature that turns LG OLED into a digital canvas for displaying artwork, are two new categories that explore the world of Star Wars and the story of the iconic villain: The Conceptual Designs and The Journey of Darth Vader. The former boasts original storyboards and illustrations that show how Star Wars came to life while the latter looks at how Anakin Skywalker became Darth Vader through a rich array of content including movie posters and key scenes from the actual films. LG OLED is widely recognized for delivering the ultimate in picture quality. Featuring LG’s new α (Alpha) 9 Gen5 AI processor 4K and advanced picture algorithms, LG’s OLED evo technology, which is applied to the company’s latest C2 series models, takes the movie viewing experience to immersive, new heights. On top of that, LG’s 2022 OLED TVs are the first to adopt Dolby Vision IQ with Precision Detail, which reveals previously imperceptible visual detail and nuance to add to the sense of realism. Cinematic audio completes the stunning TV, with LG’s latest AI processor enabling movie theater-like audio quality with virtual 7.1.2 surround sound. The Star Wars special-edition LG OLED evo was on display at LG’s Empire-inspired exhibit during Star Wars Celebration at the Anaheim Convention Center in Anaheim, California (May 26-29), and at FedCon Fair in Bonn, Germany (June 3-5). The TV will be available for sale, while stocks last, in the US and Germany. To learn more about the Star Wars Edition LG OLED TV, visit LG.com/us/StarWars. # # # Lucasfilm, the Lucasfilm logo, STAR WARS and related properties are trademarks and/or copyrights, in the United States and other countries, of Lucasfilm Ltd. and/or its affiliates. © & TM Lucasfilm Ltd. View the full article
  2. LG Presents the Future of Commercial Technology With Digital Signage Solutions and Autonomous Robot Assistant SEOUL, June 9, 2022 — LG Electronics (LG) will showcase its innovative commercial technologies including Transparent OLED Signage to a diverse lineup of LED signage products and autonomous robot assistants in Las Vegas (USA) at InfoComm 2022 from June 8. LG will spotlight a variety of commercial use-case scenarios in seven distinct zones that demonstrate how LG products support business needs in boardrooms, retail boutiques, drive-throughs, residential home offices, professional creative studios and more. Inside the booth, visitors will be treated to thoughtful technology implementations in spaces that explore how nearly all businesses today can leverage digital tools to improve efficiency, productivity and customer experiences. Welcoming visitors to LG’s Retail Solutions zone is the LED signage solution using 54-inch bezel-free displays allowing integrators to create a seamless viewing experience. The new 54-inch LG LED Bloc (model LSAC) is approximately four times larger in area than most commonly used LED cabinets, and its unique size allows this model to use it like a 55-inch LCD video wall display with easy installation – it even fits the brackets of existing LCD video wall models.* Also being unveiled in the Retail Solutions zone, is the company’s first multi-purpose customer service robot, LG CLOi GuideBot, which is designed to provide wayfinding, enhanced security and powerful advertising opportunities. LG CLOi GuideBot’s friendly digital face and two large touch screens are designed to revolutionize the customer experience virtually everywhere from museums and convention centers to movie theaters and hotels. The Reception zone highlights the creative and engaging possibilities of LG’s Transparent OLED Signage displays, while also demonstrating how 88-inch Ultra Stretch Displays and LG Ultra Slim LED signage can deliver informative and attractive backdrops. In the Collaboration and Education Solutions zone, visitors will experience technologies targeted to boardrooms, meeting rooms and training rooms/learning environments. Products shown include LG’s 136-inch LED All-in-One display with onboard system controller and speakers, 55-inch and 43-inch versions of the LG One:Quick Works and One:Quick Flex 4K all-in-one collaboration tool, an 86-inch LG CreateBoard interactive whiteboard, the novel 28-inch LG DualUp Monitor with a unique 16:18 aspect ratio, a 27-inch QHD Ergo Dual desktop monitor, a 15-inch LG gram laptop and a 98-inch large format UHD signage for classrooms. The Residential zone is split into two rooms. The Home Cinema area will exhibit LG MAGNIT – the jaw-dropping picture quality created by its several million self-emissive LED pixels lets people enjoy their favorite movies at home. And the Home Office area features a 43-inch One:Quick Flex display, a 14-inch LG gram laptop and two QHD ergonomic desktop monitors that can be independently oriented to form a 32:9 ultrawide display or a 16:18 display, or offer a vertical and horizontal screen simultaneously. Creative, film and broadcast professionals may be especially interested in the OLED Pro Creative Studio zone, which demonstrates the exceptional color, clarity and performance of LG’s 32-inch UltraFine OLED Pro desktop monitor that can be supplemented with a monitor hood and a detachable self-calibration sensor. Two 65-inch UltraFine OLED Pro displays, one wall-mounted and the other on a stand, complete the space. The Control Room zone demonstrates how LG’s 136-inch LED All-in-One can be leveraged in command centers. Plus, the company’s 55-inch Even Bezel LCD panels will form a variety of video wall displays with virtually no distinguishable separation between panels. A 43-inch IPS UHD desktop monitor will be displayed alongside a 49-inch IPS Dual QHD UltraWide curved monitor, offering a 32:9 aspect ratio. Lastly, the Projector zone contains LG’s high-brightness and Ultra Short Throw (UST) 4K UHD CineBeam Laser projectors and the all-new ProBeam business projector showing how the company’s expansive product line offers optimized solutions for virtually every situation and need. # # # * 54-inch LED Bloc can be installed using VESA wall-mount (600×400) and screws. View the full article
  3. LG Solidifies its Ultra-Premium Status in the European Market With its High-End Built-In Kitchen Solutions SEOUL, June 7, 2022 — LG Electronics (LG) will present the essence of its ultra-premium built-in kitchen appliance brand at Milan Design Week 2022, the globally-renowned design event anchored by the Salone del Mobile, from June 7-12. Since making its highly-anticipated European debut four years ago, LG has been strengthening its position across the continent with luxurious Signature Kitchen Suite built-in appliances that are being embraced by Europeans. Signature Kitchen Suite’s high-end built-in solutions perfectly integrate into existing kitchens, combining innovative designs with cutting-edge technology to redefine the cooking experience. Under the True to Food theme, LG delivers the utmost performance, design and precision to the kitchen as well as demonstrates respect for food at every level until reaching the dinner table. Also, at the booth, LG enables visitors to fully experience its luxurious vision for a better culinary life expressing the core values of every Signature Kitchen Suite solution. The showcase combines four unique sections and entertaining events to effectively convey the quality and differentiated values of the stylish, sophisticated lineup. The Signature Kitchen Suite products on display, the new oven, dishwasher and under-counter drawer lineups, present modern and exclusive lifestyle with their chic, contemporary color and panel options and new capacities to fit and complement various kitchen spaces and interiors. LG’s exhibition presents four kitchen zones: Seamless Nature Kitchen, European Trendy Kitchen, Conceptual Kitchen and Botanic Art Gallery. Seamless Nature Kitchen highlights the products’ seamless design and nature-inspired finishes. In European Trendy Kitchen, the company is unveiling its new range of premium kitchen appliances which includes a 36-inch induction, steam oven, speed oven, under-counter wine cellar and under-counter drawer refrigerator with a brand-new finish. The Conceptual Kitchen showcases the wide-ranging Signature Kitchen Suite lineup which extends to large-capacity solutions including a 48-inch French-Door refrigerator and 48-inch Dual-Fuel Pro Range. Lastly, Botanic Art Gallery displays media artwork in collaboration with an Italian illustrator, Carlo Stanga, who incorporates local natural ingredients into his work. During the exhibition, a separate event, True to Food Itinerary, will be held in the Signature Kitchen Suite Showroom in Piazza Cavour, Milan to demonstrate the values that help them maintain the original flavors and freshness of ingredients throughout well designed customer experiences. “Milan Design Week represents a major milestone in LG’s presence in the European built-in appliance market,” said Lyu Jae-cheol, president of LG Electronics Home Appliance & Air Solution Company. “To build on the success of our Signature Kitchen Suite, we are aiming to further expand and solidify our position in this space by introducing ultra-premium designs and advanced technologies that will shape the future of kitchen interior design.” For more information on the full portfolio of Signature Kitchen Suite built-in kitchen appliances, visit www.signaturekitchensuite.it/it_en/. # # # View the full article
  4. Company Bringing Specially-Designed Customer Experiences to Italy to Convey Distinctive Design Philosophy While Showcasing its Advanced Offerings SEOUL, June 7, 2022 — LG Electronics (LG) is sharing its human-centered design philosophy at Milan Design Week, the globally-renowned design event held from June 7-12 anchored by the Salone del Mobile, through various thoughtfully-designed customer experiences. As the world’s largest design trade fair, the event presents 370,000 attendees from 188 countries with the latest furniture design concepts across 2,100 booths. In Milan, LG will be introducing Signature Kitchen Suite’s high-end built-in solutions which perfectly integrate into existing kitchens and combine innovative designs with cutting-edge technology to reimagine the cooking experience. Under its True to Food theme, LG will utilize its expansive 400 m² Signature Kitchen Suite booth to deliver the importance of preserving the original value of ingredients until plating. Visitors can fully experience a better culinary life by walking through four unique sections and taking part in various engaging events, all of which convey the quality and differentiated customer values of the stylish, sophisticated lineup. Coinciding with the Milan exhibition is LG’s True to Food Itinerary event which will take place at the Signature Kitchen Suite showroom in Piazza Cavour, Milan. Here, the company will demonstrate the values that preserve the original flavor and freshness of food through perfe ctly-crafted customer experiences. LG and premium Italian furniture brand Molteni&C S.p.A will be collaborating to present the uncompromising style and advanced functionality of the LG SIGNATURE brand. The collaboration will give consumers the opportunity to both virtually and physically experience the innovative products. Also, the short film, Hide and Seek, will be screened for the whole week to highlight LG SIGNATURE’s cutting-edge products and Molteni&C’s elegant furnishings. Produced by LG SIGNATURE and created by Francesca Molteni, the influential art and visual director who founded the MUSE Factory of Projects, this visual masterpiece showcases the LG SIGNATURE and Molteni&C partnership by beautifully expressing what the two brands stand for and will run alongside special “HIDE & SEEK” events for visiting interior designers and architects to learn and enjoy. LG is adding a touch of class to its LG OLED Objet Collection Easel (65Art90) and Posé (LX1) models by teaming up with premium Dutch lifestyle brand, Moooi. This collaboration embraces Moooi’s signature ‘A Life Extraordinary’ exhibition by fusing cutting-edge lifestyle TVs with its extraordinary designs. Representing an exciting new direction for TV, the LG OLED Objet Collection continues to reinforce LG’s global reputation as a lifestyle innovator. For more information on the Signature Kitchen Suite’s built-in kitchen appliances, visit the LG Signature Kitchen Suite website or visit the interactive LG SIGNATURE virtual showroom for a unique hide-and-seek experience which will be opened to everyone during Milan Design Week. # # # View the full article
  5. The 5th of June marks the annual celebration of World Environment Day, an occasion to focus on what each of us can do to preserve the natural world for future generations. Fully dedicated to the cause, LG strives to foster a better environment for all lives to thrive by means of combating climate change, facilitating circular economies and achieving energy efficiency. An Inspiring Message About Climate Change LG’s iconic ultra-high-definition digital billboard in New York City’s Times Square is one of the few screens in the world seen by hundreds of thousands of passersby each day. Making use of these impactful channels for this year’s World Environment Day, LG presented a poignant short film calling on united action for #OnlyOneEarth. On screen from June 2nd, the film zeroes in on many of the pressing environmental challenges that our world faces today, including climate change. The film is consecutive of LG’s environmental series, following a 3D production that aired on the billboard in NYC’s Times Square earlier this year. A company more inclined to inspire through action rather than words, LG is making tangible efforts to combat climate change. To achieve its Zero Carbon 2030 pledge established in 2019, LG is taking strategic steps to curb greenhouse gas (GHG) emissions in the entire manufacturing process from production to use by 2030. CES 2022 was another occasion in which LG’s efforts to scale down negative climate impact were brought to the spotlight. As a big advocate for recycling processes that bring us one step closer to a zero-carbon society, LG made sure to construct its CES booth entirely of recycled oriented strand board (OSB) plywood. No glue, paint or varnish was used during its construction and its simplified design helped streamline the recycling process when it was time to pack up. Taking Steps for a Circular Economy A circular economy is a system of production and consumption which involves processes of reusing and recycling existing materials. Through a commitment to use a cumulative total of 600,000 tons of recycled plastic from 2021 to 2030, LG aims to increase high-quality recycling and thereby push towards a circular economy in the electronics industry. The LG Chilseo Recycling Center (CRC) in South Korea well demonstrates LG’s commitment to better recycling resources and processes. Since its establishment in August 2001, the facility has spearheaded LG’s e-waste initiative by collecting electronic waste at the end of product lifecycles, re-using recycled plastic for the manufacturing of new components and shipping parts to the company’s home appliance plant nearby for use in new products. Applying its recycling practices to wider CSR activities, LG has been annually donating four hundred boxes formerly used to package large appliances to the ‘Animal Behavior Enrichment Program*’ operated at Seoul Grand Park located in Korea. The sturdy, large-sized upcycled boxes offer a great source of entertainment for zoo animals inhabiting the park, and minimize the environmental impact caused by excess waste – a total win-win for everyone. With the aim of fostering circularity in the company’s respective industry and expanding its influence, LG launched its “Second Life” campaign in the US last year. The nationwide clothing drive successfully bestowed a second life to more than 5,000 pounds of gently used clothes. Partnering for an Energy-Efficient Future Delivering products that meet the latest energy and eco standards is an important part of LG’s environmental initiative. Partnering with ENERGY STAR® has helped to widen the company’s offerings. LG has been a partner of the ENERGY STAR® program since 2012. Jointly established by the US Environmental Protection Agency and the Department of Energy to promote energy-efficiency, the program provides accurate energy-consumption information for a wide range of products and devices. The company’s commitment to producing energy-efficient innovations not only benefits consumers, but the environment as well. At the 2022 ENERGY STAR Awards, LG won both the Sustained Excellence Award and the Emerging Technology Award in recognition of its dedication to energy efficiency and reducing its carbon footprint. Through original campaigns, raising awareness of key issues and, of course, its dedication to innovation, LG will continue to uphold its commitment to taking care of our planet and creating a better life for all. #OnlyOneEarth. # # # * Animal Behavior Enrichment Program: This program creates living spaces for animals that is similar to nature such that they can naturally reclaim their instincts and relieve stress in order to lead healthier, more robust lives. View the full article
  6. According to a study on global health and wellness conducted by NielsenIQ last year, people’s awareness of environmental issues, and the negative effects they can have on our collective health both now and in the future, are at an all-time high.1 Recognizing the threat posed by climate change and global warming, more and more people have committed to recycling, reducing household waste and choosing products from brands that share their concern for the environment. LG, a company that continues to prioritize the health of the planet, is actively seeking solutions to the world’s climate-related problems, leveraging its state-of-the-art technologies to cut carbon and greenhouse gas emissions and increase energy efficiency at the same time. Reducing Emissions from the Manufacturing Process Global Carbon Emission Status and Targets (Korea + Overseas) First announced in 2019, LG’s Zero Carbon 2030 initiative aims to cut the total amount of direct and indirect carbon emissions generated during the production process by 50 percent (compared to 2017 levels). In addition to its far-reaching 2030 initiative, LG last year became the first Korean company to join the Business Ambition for 1.5°C campaign, which unites corporates and government agencies in a global effort to reach ‘net zero.’ The campaign’s objectives are based on scientific data authored by the Science Based Targets initiative (SBTi) and include the reduction of greenhouse gas (GHG) emissions. Aligned with this, LG has already made significant progress in cutting GHG emissions throughout the home appliance manufacturing process. LG Smart Park in Changwon, named a Lighthouse Factory by the World Economic Forum, is playing a major part in curbing GHG emissions during production, while also elevating energy efficiency by 30 percent compared to the company’s previous Changwon facility. Among the many innovations at LG Smart Park helping to shrink the company’s energy footprint are state-of-the-art energy management solutions such as the Energy Storage System (ESS) and Building Energy Control (BECON).2 Reducing Resource Usage with LG’s Inverter Technology LG is also committed to helping consumers achieve a more eco-conscious lifestyle by limiting GHG emissions and improving energy efficiency during actual usage of its home appliances. LG refrigerators, washing machines, dryers and air conditioners adopting the company’s renowned Inverter technology optimize electricity consumption by delivering highly-efficient operations. Using less power than conventional refrigerator compressors3, the company’s Inverter Linear Compressor has also been recognized by the ENERGY STAR Emerging Technology Award for reduced gas emissions.4 Eco-conscious Packaging and Recycled Plastics Making environmentally responsible changes to product packaging can help to protect our planet, too. LG has developed its own packaging-design guidelines to reduce waste and move away from materials that can potentially harm the Earth and people’s health. The guidelines prescribe a more minimal use of packaging materials to reduce overall packaging volume and reveal the company’s increased focus on reusing and recycling. All LG home appliances will soon incorporate eco-conscious packaging. The company has already decreased its annual usage of polystyrene by 19 tons through the adoption of polypropylene packaging for the outdoor units of its system air conditioners. Through diverse initiatives, solutions and cutting-edge technologies, LG will continue to reduce its environmental impact and help create a better tomorrow for all. # # # 1 61% of respondents in the US agreed that environmental issues are harming their current and future health. (Source: NielsenIQ Global Health & Wellness Study conducted in 17 markets, September 2021) 2 Energy input per produced unit and greenhouse gas emissions per produced unit have decreased by 30 percent, comparing the figures from the year 2020 to 2021 according to the lighthouse site visit report by World Economic Forum. 3 Tested by VDE by comparing energy consumption between LG model GBB530NSCXE (LG Inverter Linear Compressor) and GBB530NSQWB (LG conventional reciprocating compressor). Energy consumption test based on ISO 15502 standard. 4 U.S. Environmental Protection Agency (EPTA) honored 43 refrigerator-freezer models feature Inverter Linear Compressor and use R-600a, a refrigerant with very low global-warming potential (below 15), bestowing the Energy Star Emerging Technology Award in April, 2022. View the full article
  7. Company’s Facility First to be Confirmed by Global Testing and Certification Organization to Evaluate the Functional Safety of Automotive Software SEOUL, June 2, 2022 — LG Electronics’ (LG) Software Testing Center has officially been designated a TÜV Rheinland Appointed Laboratory, meaning the facility can now conduct functional safety tests on any automotive software solution that falls under the ISO 26262-6 standard.* World’s first of its kind to earn this status, LG’s Software Testing Center possesses the capabilities to independently assess and confirm the quality and functional safety of a wide range of automotive software products, from self-driving systems and in-vehicle networks to electric and electronic devices. According to the ILAC Mutual Recognition Arrangement (ILAC MRA), reports issued by LG’s Software Testing Center will be recognized in 70 countries and territories, including the United States and Europe, and will carry the same credibility as those issued by a dedicated third-party testing agency. In order to receive confirmation from TÜV Rheinland, one of the world’s leading global testing organizations, an institute or facility must meet a wide range of strict standards covering criteria such as test environment, equipment, capabilities and processes. With its new status as a TÜV Rheinland Appointed Laboratory for automotive functional safety software, the lab is now able to meet growing auto industry demand by testing and providing TÜV Rheinland confirmation for companies’ vehicle software solutions. This latest accomplishment also provides LG with an opportunity to further strengthen its competitiveness in the rapidly expanding field of automotive software. Last year, LG’s Software Testing Center received accreditation from the internationally respected Korea Laboratory Accreditation Scheme (KOLAS), becoming an ISO 26262-6 certified lab for evaluating autonomous vehicle software and measuring the quality of electric and electronic products (IEC 61508-3). LG is currently the only Korean manufacturer that can independently produce and issue a KOLAS-sanctioned report covering all these key areas. “We’re deeply proud of the fact that our software lab has earned TÜV Rheinland confirmation and KOLAS accreditation in the span of less than one year,” said Kim Byoung-hoon, CTO of LG Electronics. “LG will continue to secure world-class automotive software capabilities to provide a differentiated customer experience based on a high level of safety.” # # # * An international standard for functional safety of electrical and electronic systems found in production road vehicles, as defined by the International Organization for Standardization (ISO). View the full article
  8. LG’s Distinctive Lifestyle TVs and Extraordinary Interior Design from Moooi Come Together in Sophisticated Showcase at Milan’s Annual Celebration of Creativity SEOUL, June 1, 2022 — LG Electronics (LG) will unveil its latest lifestyle OLED TVs, the LG OLED Objet Collection, Easel (65Art90) and Posé (LX1), at Salone dei Tessuti during this year’s Milan Design Week. To create something special for the event, LG has teamed up with premium Dutch lifestyle brand, Moooi, to showcase a stylish, modern living solution. The resulting collaboration, which embraces Moooi’s signature ‘A Life Extraordinary’ exhibition theme, features the perfect pairing of LG’s latest lifestyle TVs and Moooi’s extraordinary design products. Representing an exciting new direction for TV, the LG OLED Objet Collection is sure to bolster LG’s growing reputation as a leading lifestyle innovator. LG OLED Objet Collection, Easel (65Art90) offers the superior picture quality one would expect from an LG OLED TV as well as an effortlessly elegant design that can elevate any home interior. As its name suggests, the TV resembles an easel used for painting or displaying art; a fitting form factor for showcasing the magnificent colors and contrast of LG’s self-lit display tech. Easel also has a movable fabric cover that can be controlled with the TV’s remote. When set to Line View, the cover slides up – reducing the amount of screen visible and giving users access to useful features and modes such as Date & Clock and audio player. Like LG’s other premium 2022 OLED TVs, the new, artistically-inspired model leverages LG OLED evo technology to deliver incredibly lifelike images and an immersive, cinematic viewing experience. Combined with LG’s cutting-edge picture algorithms and the α9 Gen5 AI Processor, LG OLED evo elevates the ability of the TV’s self-lit pixels to deliver superior clarity, detail, contrast and color, for images that practically jump off the screen. The sophisticated TV also provides rich, powerful audio with an 80W, 4.2-channel sound system that helps make the living room feel more like a movie theater. Employing fabric elements – including the movable cover – made by innovative Danish textile company, Kvadrat, LG’s unique, new product boasts a subtle, modern aesthetic that adds value to one’s living environment. Also new to LG’s Lifestyle TV lineup is LG OLED Objet Collection, Posé (LX1), which features a slim, sleek design that blends seamlessly with any room’s décor and user’s lifestyle. Having been carefully designed to match customers’ wants and values, Posé is the perfect choice for those seeking a TV that takes their daily routine and experience into consideration. Resembling a high-end furniture piece or art object, Posé has gently curved edges and comes in a soothing, muted beige color. And courtesy of its aesthetically-pleasing design that complements any décor, users can appreciate the striking beauty of Posé from every viewing point. The advanced model even eliminates the frustration of having to see or deal with messy cables thanks to an effective cable management system that minimizes clutter while promoting a clean and tidy space at all times. In addition to looking stylish from any angle, the TV provides stunning OLED evo picture quality that remains perfectly consistent when viewed from practically any vantage point. And when it is not being used for watching movies or shows, Posé can be switched to Gallery mode; enabling users to display artwork or photos on LG’s self-lit digital canvas and transform their space into a refined art gallery. “Reflecting our leadership in the OLED TV market, unrivaled expertise in cutting-edge display and processing technologies and deep understanding of consumers’ needs, the new Lifestyle Screen lineup delivers extraordinary experiences and exquisite design,” said Park Hyoung-sei, president of the LG Home Entertainment Company. “These distinctive TVs set themselves apart from conventional TVs with their unique form factors and finishes, and will likely appeal to consumers who understand and appreciate the value of genuine innovation.” LG’s latest Lifestyle Screen products will be on display at the Salone dei Tessuti in Milan, Italy from June 7-12. Easel (65-inch screen size) and Posé (55-, 48-, and 42-inches) will be launching in Europe and other select markets from the third quarter of this year. Visitors to the LG/Moooi exhibit can also expect to experience the great sound and unique designs of the LG Eclair soundbar (model QP5) and LG XBOOM 360 speaker (model RP4). # # # View the full article
  9. Under an overarching vision that sees entire societies working together to achieve a better life for all, LG promotes initiatives carefully designed to bring long-lasting benefits to various local communities. (From left to right) Ms. Nguyen Thi Yen, Northern Program Manager of Habitat for Humanity Vietnam; Mr. Bui Van Hoang, Vice Chairman of Quyet Thang Commune People’s Committee; Ms. Bui Thi Ngoi, Chairwoman of Lac Son District Women’s Union; Mr. Sung Woo Nam, Managing Director of LG Electronics Vietnam; Ms. Bui Thi Chien and family; Mr. Chu Hoang Vu, Corporate Marketing of LG Electronics Vietnam With a deep respect for understanding the local culture and its valued traditions, LG in Vietnam partnered with Habitat for Humanity (HFH) Vietnam in 2020 to establish its ongoing Life’s Good: Hope Village project in the county and bring long-overdue positive change to its incredible Muong population. Native to northern Vietnam, the Muong people are one of the country’s most disadvantaged ethnic minorities who live in seriously underdeveloped housing while being held back by poor infrastructure. So, by promoting economic development as well as equality in home ownership for Muong households, LG is taking what it deems the most effective approach to nurturing these people in desperate need while laying a sustainable foundation for future generations. It all started in 2020 in the highlands of Quyet Thang – located in the Lac Son district of Hoa Binh province – and by the end of 2021, LG can confirm that more than 11,000 people residing here have received support in the form of housing upgrades, household appliance donations or training on the topics of gender equality and financial management. Continuing in 2022, the project will focus on improving local facilities such as building new community toilets, repairing houses and donating books to the local library. Training sessions are also being organized to educate on natural disaster responses for nearly 16,500 residents. This project hopes to support the construction of new houses and toilets for more than 20 households living in extremely difficult circumstances. At the project’s opening ceremony, LG announced the first round of donated household appliances including washing machines, refrigerators and air conditioners worth a total of approximately USD 13,000. The representatives of local authorities, LG and HFH Vietnam in attendance also paid a visit to Muong houses to get a better idea of their living conditions and learn how the project would improve their daily lives. “All thanks to LG and Habitat for Humanity, after all these years, my dream of living in a house I can feel safe in is finally coming true,” said Bui Thi Luc, a 57-year-old Muong resident whose home is being rebuilt through the Hope Village project. For 26 years and counting, LG Vietnam has put great importance on social contribution activities that inspire sustainable growth in the region. And with its unwavering belief that everyone deserves to feel that ‘Life’s Good,’ LG will continue to support initiatives designed to improve not only the lives of Vietnamese people, but everyone around the world, from all walks of life. Contributed by LG Vietnam # # # View the full article
  10. UltraGear Promises Advanced Gaming Immersion by Adding Nano IPS with ATW Polarizer Technology, 48-inch OLEDs and 260Hz Refresh Rates to Latest Lineup SEOUL, May 25, 2022 — LG Electronics (LG) has announced the launch of its new UltraGear gaming monitor lineup (models 32GQ950, 32GQ850 and 48GQ900). With an all-new design language, the latest display tech and a range of gaming and connectivity features, the 2022 UltraGear gaming monitors have what it takes to satisfy gamers’ needs. Offering elite visual performance and speed, the flagship 32GQ950 comes equipped with a 4K Nano IPS display that features realistic color with Advanced True Wide (ATW) Polarizer technology, while the 32GQ850 has a QHD Nano IPS display with ATW and an ultra-high 240Hz refresh rate, overclocked (O/C) up to 260Hz. The new lineup also welcomes the 48GQ900, the UltraGear brand’s much-anticipated first entry into the OLED gaming monitor category. This year’s LG UltraGear models sport an even sleeker gaming aesthetic with sharp, angular stands and the new Hexagon Lighting. Along with the new design identity, LG’s 2022 monitors bring the latest HDMI 2.1 connectivity, enabling features such as variable refresh rate (VRR) and support for fast 4K gaming on PCs and the latest consoles. And, as one would expect, the new UltraGear lineup delivers beautiful, vivid picture quality and lightning-quick response time – the two 32-inchers courtesy of LG’s advanced Nano IPS 1 millisecond Gray-to-Gray (GTG) display technology and the 48GQ900 via a premium, 48-inch, 0.1 millisecond LG OLED panel. UltraGear 32GQ950 is a 4K resolution (3,840 x 2,160) gaming powerhouse that is sure to find a place on many gamers’ wish lists. The Nano IPS 1ms gaming display is LG’s first 4K model to implement ATW Polarizer technology, which improves the panel’s ability to ensure lively, accurate colors and deep, dark blacks across a wide viewing angle. VESA DisplayHDR 1000 certified, LG’s 32-inch monitor also offers high peak brightness (1,000 nits) and 98 percent coverage of the DCI-P3 color space, as well as easy connection to PCs and consoles with two HDMI 2.1 ports. With the highest refresh rate of the new lineup – 240Hz, O/C 260Hz – and a 1ms response time, the 32-inch UltraGear 32GQ850 provides the smooth, speedy performance that the latest games demand. LG’s VESA AdaptiveSync Display-certified monitor has a QHD (2,560 x 1,440) Nano IPS panel with ATW Polarizer technology that guarantees seamless visuals and consistent colors from almost any vantage point. The 32GQ850 also comes with VESA DisplayHDRTM 600 certification, covers 98 percent of DCI-P3 and has a three-sided borderless design that helps to draw gamers deeper into the action of their favorite titles. Notably, 2022 sees the arrival of LG UltraGear’s first OLED gaming monitor, the 48GQ900. A Red Dot and iF Design Award-winning product, the self-emissive, 48-inch 4K display boasts a 120Hz (O/C 138Hz) refresh rate, a 0.1ms response time, impeccable color accuracy and a fully-borderless design. Perfect for PC and console gaming, the new model offers the superb color reproduction and contrast of OLED and features LG’s anti-glare low reflection (AGLR) coating, which reduces visual distractions so that users can focus their attention fully on the gameplay. What’s more, the 48GQ900 comes with a remote control specially designed for enhanced gaming convenience and a stylish stand that provides optimal stability without intruding into the user’s desk or table space. To complete the gaming experience, LG’s latest UltraGear gaming monitors incorporate a 4-pole headphone jack that allows users to plug in a gaming headset and chat as they play. The 2022 models also offer the superior surround sound of DTS Headphone:X®, which reproduces every sound in the game with stunning clarity. Additionally, LG UltraGear is introducing its first-ever gaming pad and gaming mouse* this year. Supporting the precise control needed for fast-paced gaming, the comfortable-to-use UltraGear gaming pad is large enough to accommodate a mouse and keyboard, and even has customizable RGB lighting. The reversible pad is suitable for any genre of game or style of play, featuring a smooth, hard surface for maximum glide and a rougher fabric surface for better braking. “The latest LG UltraGear gaming monitors apply cutting-edge technology and design to raise the bar for the gaming display category,” said Seo Young-jae, senior vice president and head of the IT business unit of LG Electronics Business Solutions Company. “Ideal for both PC and console gaming, our new monitors offer features and capabilities that take the entire gaming experience to the next level. We will continue to solidify the UltraGear brand’s strong reputation with innovative products that put the needs of gamers first.” The latest UltraGear gaming monitors will be available starting this month in Japan with key markets in North America, Europe and Asia to follow. Specifications: 48GQ900 32GQ950 32GQ850 Display Type OLED Nano IPS with ATW Polarizer Nano IPS with ATW Polarizer Screen Size 47.5-inch 31.5-inch 31.5-inch Resolution 4K UHD (3,840 x 2,160) 4K UHD (3,840 x 2,160) QHD (2,560 x 1,440) Color Gamut DCI-P3 98.5% DCI-P3 98% DCI-P3 98% Refresh Rate 120Hz / 138Hz (O/C) 144Hz / 160Hz (O/C) 240Hz / 260Hz (O/C) Response Time 0.1ms GTG 1ms GTG 1ms GTG HDR HDR10 VESA DisplayHDR 1000 VESA DisplayHDR 600 Adaptive Sync NVIDIA® G-SYNC Compatible AMD FreeSync Premium NVIDIA® G-SYNC Compatible AMD FreeSync Premium Pro NVIDIA® G-SYNC Compatible AMD FreeSync Premium Pro VESA Adaptive Sync Connectivity HDMI x 3 Display Port x 1 USB 3.0 x 1 Upstream x 2 Downstream 4pole H/P out (DTS HP:X) HDMI x 2 Display Port x 1 USB 3.0 x 1 Upstream x 2 Downstream 4pole H/P out (DTS HP:X) HDMI x 2 Display Port x 1 USB 3.0 x 1 Upstream x 2 Downstream 4pole H/P out (DTS HP:X) Speaker 20W x 2 – – Stand Yes Yes (Pivot / Height / Tilt Adjustable) Yes (Pivot / Height / Tilt Adjustable) # # # * Gaming pad and gaming mouse sold separately in some markets. View the full article
  11. Superb Gaming Monitors Boast the High Refresh Rates, Fast Response Times and Low Latency, Meeting Demands of Today’s Gamers and VESA’s New Display Standard SEOUL, May 23, 2022 — LG Electronics’ (LG) UltraGear gaming monitors (models 27GP950 and 27GP850) are the first in the world to earn VESA® AdaptiveSync Display certification, launched by the Video Electronics Standards Association (VESA). The new VESA® AdaptiveSync Display logo helps consumers to easily identify and compare the variable refresh rate (VRR) performance of gaming displays supporting VESA’s Adaptive-Sync protocol before they buy. To be certified as the VESA AdaptiveSync Display, LG’s elite gaming monitors had to meet the exhaustive and rigorous requirements of the VESA Adaptive-Sync Display Compliance Test Specification (Adaptive-Sync Display CTS), which uses more than 50 test criteria to establish clear benchmarks for assessing monitors’ and laptops’ VRR capabilities. With high refresh rates, fast Gray-to-Gray (GTG) response times and low latency, the two UltraGear gaming monitors met or exceeded the test scores specified in VESA’s new open standard. LG’s AdaptiveSync Display-certified monitors, LG UltraGear 27GP950 and 27GP850, provide the level of visual performance needed for seamless gaming experiences. Both models met required scores across VESA’s Adaptive-Sync Display CTS, including in several key measurements such as refresh rate, screen-flicker and response time. The two 27-inch gaming monitors feature advanced LG Nano IPS panels offering high refresh rates and a 1 millisecond GTG response time, allowing fluid gaming play and sharp, clean images for both PC and console games. “The VESA Adaptive-Sync Display CTS creates a clear, consistent standard for display performance of gaming monitors and helps consumers to make informed purchasing decisions,” said Jim Choate, compliance program manager at VESA. “World’s first products to wear the new AdaptiveSync Display logo, LG’s UltraGear gaming monitors performed remarkably well in all applicable tests.” “We are proud the LG UltraGear became the first-ever monitors to receive VESA AdaptiveSync Display certification” said Seo Young-jae, senior vice president and head of the IT business unit of LG Electronics Business Solutions Company. “With upcoming 2022 models including UltraGear 27GP95R, we will not only meet the high standards of VESA’s performance tests, but also satisfy the expectations and diverse needs of today’s consumers.” # # # View the full article
  12. New 4K Ultra Short Throw Model Delivers Immersive Cinematic Experiences with Sharp, Vibrant Images and Boasts Stylish, Modern Design SEOUL, May 20, 2022 — LG Electronics (LG) is expanding its premium CineBeam 4K laser projector lineup with the remarkable, new Ultra Short Throw (UST) laser projector (model HU915QE), the follow up to the HU715Q released earlier this year. Designed with serious movie lovers in mind, LG’s latest flagship home cinema solution can produce a stunningly sharp 90-inch image when placed just 5.6 centimeters from the wall or a massive 120-inch picture at a distance of only 18.3 centimeters.1 Thanks to the HU915QE’s combination of advanced projection technology, users no longer need a large, dedicated space to enjoy sublime cinematic experiences at home. Boasting 3,700 ANSI lumens and an impressive 2,000,000:1 contrast ratio, LG’s latest projector delivers vibrant, realistic pictures that ensure maximum viewing immersion. By adopting LG’s evolved, three-channel laser technology, which employs a separate light source for each primary (RGB) color, this new model is able to offer more vivid images even during the day compared to other conventional products with the single light source technology.2 An excellent all-rounder, the HU915QE really excels when playing movies and streaming content in 4K HDR, using HDR Dynamic Tone Mapping to analyze and adjust image brightness every single frame. LG’s Brightness Optimizer II further elevates the new CineBeam projector’s performance, automatically adjusting brightness levels according to ambient light conditions so that users can enjoy clear, vivid picture quality whether the room is well lit or as dark as a movie theater. Additionally, Adaptive Contrast adjusts the projector’s light sources to provide a superb contrast for each individual scene. With LG’s intuitive webOS smart platform onboard, the HU915QE lets users watch all their favorite shows from streaming services3 such as Netflix, Amazon Prime Video, Disney+, YouTube and Apple TV without an additional device. They can also wirelessly stream content via Screen Mirroring, Apple AirPlay 2 and Bluetooth.4 On top of that, its built-in 2.2 Channel, 40W speaker system enhances the viewing experience with strong, rich audio. For more powerful, theater-like surround sound, users can effortlessly connect up to two LG Bluetooth speakers at once.5 The new CineBeam projector also makes a stylish addition to any room with its eco-friendly ‘Re-wool’ designed by renowned Danish textile company, Kvadrat. Made from 45 percent recycled wool, this material has become a favorite of design- and sustainability-conscious companies worldwide, used in products as diverse as furniture and premium audio solutions. Thanks to its muted, natural color and clean design, the HU915QE blends in well with luxurious home interiors. “Featuring LG’s latest projection technologies, the new CineBeam projector delivers outstanding 4K picture quality from a short distance,” said Seo Young-jae, senior vice president and head of the IT business unit of LG Electronics Business Solutions Company. “An excellent choice for movie lovers seeking authentically cinematic experiences at home, the HU915QE combines superb performance with convenient features, easy installation and a sophisticated, space-friendly design.” LG CineBeam 4K laser projector (model HU915QE) with the latest UST technology will be available in the first half of 2022, starting with key markets in North America, Europe and the Middle East, with Latin America and Asia markets to follow. Specifications: HU915QE Resolution 4K UHD (3,840 x 2,160) Brightness 3,700 ANSI Lumens Light Source 3 Channel Laser Lamp Life 20,000 hours Brightness Optimizer II Auto Brightness + Adaptive Contrast + Iris Mode Throw Ratio 0.19 (100 inches @ 9.8cm) Screen Size 90-120 inches Keystone Correction 4/9/15 Point Warping webOS Yes (Global) Wireless Android / iOS Integrated Speaker 2.2 Channel, 40W Inputs HDMI x 3 with eARC / USB 2.0 x 2 Size (W x D x H) 680 x 347 x 128 mm # # # 1 Model HU915QE projects images ranging from 90 to 120 inches in size (measured diagonally). 2 Compared to model HU715Q in result of internal testing. 3 Internet connection and subscription to streaming services required. Supported services may differ by country. 4 Streaming and mirroring content from iOS devices available via Apple AirPlay 2 and Apple HomeKit. iOS devices require software version 12.3 and above (macOS version 10.14.5 and above for Apple products) and must be on the same Wi-Fi network as LG CineBeam projector. 5 Compatibility guaranteed with LG Bluetooth speakers only. Needs to purchase LG Bluetooth speakers to use this function. View the full article
  13. Innovation leads to new creations, new experiences and, sometimes, new ways of looking at the world. Encompassing all of these outcomes is the generative art of envelope-pushing artist and NFT pioneer, Kevin McCoy, who is presenting new works at the Frieze New York 2022 art fair in Manhattan from May 18-22. His ever-evolving works, which autonomously grow and change through the use of algorithms and other advanced tech, have found the perfect digital canvas in the form of the latest OLED TVs from the lifestyle innovator, LG. McCoy’s thought-provoking and visually-stunning new pieces are on show at the ‘LG OLED Lounge,’ located on level eight of Frieze New York’s official venue, The Shed. A selection of his groundbreaking works are displayed on state-of-the-art LG OLED TVs, including new LG OLED evo models, which use millions of self-lit pixels to deliver the deepest blacks, incredibly natural colors and an infinite contrast ratio. The centerpiece of the exhibit, Quantum Leap: Primordial Star 3 (2022), is an NFT, or non-fungible token, co-created by McCoy and his wife, Jennifer. Inspired by Kevin McCoy’s 2014 work Quantum – which was the first artwork ever to be tokenized on a blockchain – Quantum Leap: Primordial Star 3 employs code-based, interacting systems that produce mandalas that change form and color as they ‘age,’ echoing the lifespan of stars. Displayed alongside Primordial Star 3 in the LG OLED Lounge are Quantum Leap 3: Dark Star (2022) and Quantum Entanglement (2022), both also created by the celebrated husband-and-wife duo. The ‘star’ in Dark Star slowly loses its color over the course of its life before being reborn with a new central shape and vivid palette, generated autonomously via programming. Quantum Entanglement is a hybrid of drawings and NFTs that explores the nature of drawing, which is at once a performative act and a physical document that recalls or points to the existence of that act. Featuring physical drawings and digital animations made using software and a robotic drawing machine, Quantum Entanglement fuses physical with virtual elements in a way that is sure to delight and intrigue audiences. The shifting colors and forms of McCoy’s new works at Frieze New York are expressed with precision and vibrancy thanks to the next-generation display and processing technologies of LG OLED evo. LG’s new OLED evo Gallery Edition TVs offer higher brightness, clarity and detail for lifelike images that almost jump off the screen – with the 77- and 65-inch models used at the exhibit proving themselves as adept at showcasing digital art as they are at delivering outstanding viewing experiences. Complementing LG OLED evo TV models, the LG OLED Lounge at Frieze New York also features the 55-inch Transparent OLED signage displays. Boasting vivid colors and high transparency, the advanced screen presents digital artists like McCoy with exciting, new creative opportunities to explore. What’s more, McCoy’s artwork is demonstrated on a LG OLED Objet Collection, an artistically inspired and distinctive lifestyle TV model. LG was named Global Partner of the Frieze art fair, and this exhibit in New York exemplifies LG’s commitment to innovation within the arts and supporting artists to push their creative boundaries. # # # View the full article
  14. A long-standing commitment to bettering people’s lives – regardless of their age, understanding of technology or any physical challenges they may face – serves as the foundation for LG’s consumer innovations. LG continues to work hard to maximize the usability of its advanced home appliances, consulting with diverse users and leveraging its tech and design knowhow to ensure that all of its solutions are as accessible as possible. Global Accessibility Awareness Day, which is held every year on the third Thursday of May, is an excellent opportunity to learn more about the importance of ‘inclusive technology’ and the positive difference it can make in the lives of people with disabilities and impairments. As May 19 approaches, let’s take a look at some of the innovative ways that LG is fostering greater accessibility and allowing all consumers, no matter their circumstances, to experience the full convenience and value of its cutting-edge products. Home Entertainment for Everyone LG believes that everyone should be able to enjoy first-class home entertainment and has developed assistive technologies to lower any barriers that may get in the way. The company’s diverse lineup of TVs now carries a variety of accessibility features, including audio guides for those with visual impairments and closed-captioning for those with hearing impairments, as well as simplified control (including voice command support) via the Magic Remote to make the whole experience easier – from adjusting the volume to accessing content services. Removing Barriers from Household Chores While some LG solutions offer customized assistance for users with certain disadvantages, others offer elevated convenience that can benefit everyone. One such product is the LG SideKick Pedestal Washer, a mini-washing machine designed to sit discretely below an LG front-load washer. The SideKick is ideal for small loads that need frequent washing, such as workout gear, and makes it possible to clean two loads of laundry at once. And because it raises the height of the main washer, it makes the task of loading and unloading laundry from the front-loader less taxing for most users. Diverse Voices Guiding Way to ‘Barrier-Free’ Solutions To develop home appliances that are accessible to the widest range of users, LG proactively seeks input from its customers and consults with experts in the field of disability inclusion. Since 2013, LGE US has been operating the LG Accessibility Advisory Board, which is made up of accessibility specialists, disability organizations and law firms. Through annual meetings and in-depth discussions, the council is helping LG to create barrier-free solutions that will enable more people to take advantage of all that its latest tech has to offer. At the same time, in South Korea, LG last year established an accessibility council consisting of accessibility experts and advisory group of disabled people. LG and the council’s experts are working together to formulate a measurement standard that will evaluate the accessibility of the company’s home appliances. The accessibility indicator will initially be used to assess the accessibility of LG TVs, washers, air conditioners and air purifiers, with other product categories to follow soon afterward. The advisory group of disabled people will actively join the creation of the measurement standard by directly experiencing and giving feedback on LG products under development. With its comprehensive, considered approach to addressing the needs of all users, LG is helping to bring greater inclusivity to the consumer tech space, presenting thoughtful innovations that make daily life easier for everyone. # # # View the full article
  15. Company Showcases Breadth of Technological Capabilities at Global Communications Conference in Seoul SEOUL, May 17, 2022 — LG Electronics (LG) is showcasing a diverse range of innovative, new mobility technologies, including connected vehicle solutions leveraging 6G and AI, at the IEEE International Conference on Communications (ICC) 2022. Open from May 16-20 at COEX Convention & Exhibition Center in Seoul, South Korea, this year’s ICC adopts the theme of ‘Intelligent Connectivity for Smart World’ and features a hybrid format combining physical exhibits and in-person attendance with virtual content and online participation. One of the IEEE Communications Society’s two flagship conferences, ICC typically attracts around 2,000 attendees from over 70 countries. The annual event offers exciting keynotes and robust technical paper sessions as well as informative and engaging tutorials, workshops and industry discussions. In keeping with ICC 2022’s intelligent connectivity theme, LG is showcasing its OMNIPOD concept car; a fully autonomous, connected vehicle that can act as an extension of one’s living or workspace. LG OMNIPOD employs the unique, floor-to-ceiling Meta-environment Screen and a host of other advanced technologies to adapt to passengers’ unique needs. Able to serve as practically any kind of space, from an office or recording studio to a video-editing workroom or even a lounge, the OMNIPOD is a future mobility solution that completely reimagines the in-vehicle experience. Additionally, LG is displaying its world-class 6G communications technologies, including Full Duplex Radio transmission and reception tech that maximizes frequency efficiency, and a power amplifier device, jointly developed with the Fraunhofer Heinrich Hertz Institute (HHI), for the wireless transmission and reception of 6G THz data. The company is also demonstrating its Soft V2X (with V2X standing for “vehicle to everything”) smartphone solution, which enables a vehicle to communicate in real-time with nearby vehicles, pedestrians and infrastructure to create a safer driving environment. The company is also presenting its on-device AI chip, which can be applied to various home appliances providing a smart life experience. “As the automotive industry is transitioning to a software-enabled ecosystem, LG is proactively developing next-generation technologies,” said Kim Byoung-hoon, CTO at LG Electronics. “Based on its advanced 6G and AI tech, LG will continue to strengthen its capabilities in various fields such as 6G communications, smart mobility, metaverse and robotics to take the customer experience to new heights.” Named an IEEE Fellow last year in recognition of his research achievements and expertise in the field of communications, the CTO will be delivering a keynote titled ‘Technology Advances in Connectivity and Software Defined Architecture for Smart Mobility’ at ICC on May 17. Mr. Kim will introduce the company’s direction regarding the transition to the software defined vehicle (SDV), as well as its latest solutions and services based on SDV and smart mobility technology. # # # View the full article
  16. Advanced Capabilities of LG’s Deep Learning based AI DD Technology Confirmed by Respected Third-party Organization SEOUL, May 11, 2022 — LG Electronics (LG) announces that the AI technology applied to its upgradable appliance laundry solutions has received AI Algorithm Reproducibility Process Verification from UL, a global safety science leader.* A first for the home appliance industry, the verification confirms the advanced capabilities of LG’s Artificial Intelligence Direct Drive (AI DD) technology which uses deep learning to detect the types of fabrics being washed, or dried, and select the optimal cycle and settings for each load. Performing as advertised, LG’s AI DD is the first AI solution used in a laundry appliance to be validated by UL. The company’s state-of-the-art technology was put through a comprehensive assessment to verify its abilities, with UL measuring several criteria such as the suitability of the ‘learning’ data used by LG and the performance of its algorithm in actual usage. LG’s AI DD-equipped laundry solutions provide customers with more convenience and gentle fabric care. The revolutionary AI DD leverages deep learning, a technology that allows computers to think and learn by themselves, to automatically determine the optimal washing pattern for each fabric-type. Detecting the weight and softness of laundry in each load, LG’s intelligent washers and dryers deliver excellent results every time, getting clothes and linen fresh and clean while also reducing fabric damage. LG’s differentiated AI technology has also been recognized by various organizations including the Korea Testing Laboratory (AI safety certification) and the Korean Standards Association (AI+ certification). This year, LG has taken home appliance innovation even further with the introduction of its upgradable appliance concept. Boosting user convenience and value, LG upgradable appliances can add new features and functions via software and hardware upgrades available through the ThinQ app. “Being the first in the industry to have our cutting-edge AI technology validated by UL is a testament to our leadership in the global home appliance market,” said Lyu Jae-cheol, president of LG Electronics Home Appliance & Air Solution Company. “LG will continue to take the customer experience to new heights, and make daily life easier, with innovative home appliances leveraging our latest AI and unique laundry technologies.” # # # * Verified products are currently available in Korean region only. View the full article
  17. Company’s Eye-Catching Solutions Showcase Next-Level Imagery as Well as Added Convenience That Makes People’s Day-to-day Business Run Smoothly SEOUL, May 10, 2022 — LG Electronics (LG) is showcasing its ground-breaking information display technology at Integrated Systems Europe (ISE) 2022, Barcelona, as anticipation grows after its two-year hiatus. At this year’s ISE, LG is promoting its Move Daily Life Forward theme which builds on the company’s Innovation for a Better Life slogan. Ranging from Transparent OLED Signage, Micro LED to full lineups of LED signage products, LG will be showcasing its latest business offerings which combine digital signage solutions with useful application tools to elevate post-pandemic communications and move us a step closer to life without limits. With people spending more time at home, activities typically undertaken outside are now taking place in the comfort of home. Consumers are now going online to work (WFH), take classes, attend doctor appointments and carry out hobbies at home. In line with this trend, LG is showcasing LG MAGNIT and LG One:Quick Flex which leverage the company’s commercial display expertise to create next-gen home displays. LG MAGNIT, which has already infiltrated several commercial areas since its 2020 debut, is now setting its sights on redefining the premium home cinema by providing a next-level viewing experience, aesthetically-pleasing design and gigantic 136-inch 4K UHD (3,840 x 2,160) screen. The jaw-dropping picture quality created by its several million self-emissive LED pixels lets people enjoy their favorite movies, TV shows, sports events and artwork in privacy at home. And to make watching content easier and more enjoyable, several popular streaming apps are accessible via LG’s webOS 6.0 smart TV platform. Additionally, when paired with Bang & Olufsen’s flagship Beolab 90 home speaker, LG MAGNIT delivers an even more immersive home cinema experience. The One:Quick Flex is another innovative solution transforming home entertainment. The all-in-one display combines a built-in microphone, camera and speakers with a 43-inch 4K UHD (3,840 x 2,160) screen and optional movable stand. With its simple touch-based setup and user-friendly Windows OS, it is not only suitable for WFH, but for distance learning, video conferencing, remote training and entertainment as well. In addition, the larger 55-inch One:Quick Works, which combines built-in touch capabilities with intuitive video conferencing tools, is popular in educational and corporate environments, since its easy UX and added convenience let multiple users instantly connect and dive right into work or lesson plans. On the other end of the spectrum, high-end executive offices are placing Transparent OLED on glass walls to create bright and futuristic imaging and useful meeting tools. Transparent OLED is also being utilized in the transportation sector as advertising or information displays on station windows. It has even made its way into museums, greeting visitors at the door and overlaying objects with context for a more extraordinary experience. Transparent OLED Touch has also gained popularity as interactive displays. The Technology and Engineering Award-winning 65-inch UltraFine Display OLED Pro was built with studio professionals in mind. It supports pro-grade interfaces, such as SDI and SFP, and can render the source’s original, high-quality resolution without scaling down. What’s more, for colorists spending countless hours behind a screen, the UltraFine Display OLED Pro meets Eyesafe Standards and helps protect their eyes from blue light. LG UltraFine OLED Pro can be used in post-production companies as well as OTT companies when screening. LG is also exhibiting several innovations centered around mission critical environments. Fine-pitch LED’s high definition and bezel-less design displays every fine detail clearly, while the bezel-less 54-inch LED Bloc allows customers to use it like a 55-inch LCD video wall display with easy installation – it even fits the brackets of existing LCD video wall models.* These features have made them useful in corporate control rooms, auditoriums and virtual classrooms. In retail, LG’s Content Management Solution, SuperSign QSR, delivers customers a dynamic menu board while behind the scenes it streamlines the kitchen display system and integrates with the PoS system. Another featured product for outdoor customer interactions is the 21.5-inch high brightness touch display. Whether it’s at a drive-thru kiosk, gas pump or EV charger, this durable signage is useful as it stands up to harsh weather conditions and dust with a brightness that makes information easy to read. Amidst all the cross-sector synergy, LG is also presenting cloud solutions specifically designed for specific industries or use cases. For example, Pro:Centric Cloud has been engineered to transform hospitality management by taking Pro:Centric, LG’s flexible and intuitive content management system for hospitality, and expanding it across multiple properties via cloud-based architecture. Now, hotels can offer personalized services, maintain consistent imaging and collect behavioral data across multiple branches, all centralized in one place. “At this year’s ISE, we are excited to demonstrate the life-enhancing solutions that have been developed to change people’s lives for the better. Our sharp and seamless imagery stands out, especially in a crowded setting like this, and what’s more our vertical solutions are creating new possibilities,” said Paik Ki-mun, senior vice president and head of the Information Display business unit of LG Electronics Business Solutions Company. “We’re finding new ways to make it easier to make a positive impact, no matter the field.” These revolutionary business solutions will be on display in Hall 3 of Fira Barcelona’s Gran Via from May 10-13. For those unable to attend, LG has a dedicated ISE page at https://www.lg-informationdisplay.com/ise2022 which includes videos of the zones and content to be added live during the event. # # # * 54-inch LED Bloc can be installed using VESA wall-mount (600×400) and screws. View the full article
  18. The future of mobility is just around the corner, with vehicle electrification underway and fully autonomous vehicles getting closer by the day. For some, it may come as a surprise to learn that LG Electronics develops and manufactures many of the core components and technologies now reshaping the automotive experience. In a relatively short space of time, the company has become a major player in the vehicle component business and is doing all that it can to accelerate the arrival of mobility’s exciting future. Photo Credit: The MBUX Hyperscreen inside Mercedes-Benz EQS The company provides solutions – both seen and unseen – to some of the biggest names in the auto industry. One of LG’s more visible innovations is to the vehicle cockpit, where it has helped reimagine the entire dashboard and how the driver and front-seat passenger interact with their car. Photo Credit: The MBUX Hyperscreen inside Mercedes-Benz EQS A perfect example of this is the infotainment (or IVI, a portmanteau of information and entertainment) system LG jointly developed with German luxury car brand, Mercedes-Benz. Featured in the 2022 Mercedes-Benz EQS EV sedan, LG’s IVI replaces the conventional mix of a few, small displays and physical knob and buttons with a wide expanse of vibrant, responsive touch-screens offering easy access to a variety of helpful car and on-road information and top-notch entertainment options. In addition to the LG Vehicle component Solutions (VS) Company, which is the official name of LG’s dedicated vehicle parts business, a number of companies from across the LG Group are actively engaged in driving auto innovation forward. LG Innotek and LG Display work collaboratively to produce telematics and driver assistance systems, as well as IVI systems, while LG Energy Solution and LG Innotek have joined forces to deliver battery packs, battery cells and charging communication controllers. Advanced vehicle headlamps and rear lights are provided through ZKW Group, acquired by LG in 2018, and driving units – including motors, inverters and in-vehicle chargers – are being developed by LG Magna e-Powertrain and LG Innotek. Primarily known as a leading consumer electronics maker, LG recognized early on that its broad range of core competencies – including innovative home appliances and home entertainment technologies – would enable it to compete in the emerging autonomous driving and electric vehicle markets. Its vast experience and know-how in diverse product and tech fields have given LG a strong advantage in the wider future mobility sector, and allowed it to meet rising demand from global automakers. Photo Credit: Jaguar Land Rover Despite being in the components business for less than a decade, LG has already earned the trust and respect of many of the auto industry’s top players. Its state-of-the-art vehicle solutions, including sleek and ultra-intuitive IVI systems, can now be found in the latest premium models from the likes of Renault, Cadillac and Jaguar Land Rover. Stay tuned to Beyond News for more on how LG is ushering in the future of mobility. # # # View the full article
  19. Some things just go together. Like bagels and cream cheese, or a warm summer’s evening and a chilled glass of wine. Another perfect pairing is LG SIGNATURE and award-winning artist, John Legend. The premium brand and its world-famous ambassador recently teamed up for a memorable night complete with a special guest list and the unveiling of a special, limited-edition wine from Legend’s own LVE label. The invite-only occasion, themed Timeless Moments with Loved Ones, took place on May 3 at Wappo Hill, the sprawling and elegantly-appointed private residence of Jean-Charles Boisset, the celebrated vintner and co-founder of LVE. Among the evening’s special guests were international style authority, Olivia Palermo, and noted wine critic James Suckling, both of whom also serve as LG SIGNATURE global brand ambassadors. Other VIP attendees included LG SIGNATURE premium customers, retail partners and local and international wine reviewers. To set the scene, Legend and Boisset were joined by an LG SIGNATURE representative to share the story of the exclusive wine – from the original idea for their collaboration to an inviting description of the full-bodied Cabernet Sauvignon’s rich, complex flavors. Guests were then treated to a private concert from Legend himself, with the GRAMMY Award-winning artist performing fan-favorites including “All of Me,” and giving a soulful rendition of “You Deserve It All,” the song he penned for LG SIGNATURE in 2021. Legend then turned the proceedings over to James Suckling, who hosted a special session on wine preservation, offering practical tips and outlining the impressive features and benefits of the LG SIGNATURE Wine Cellar. And, to finish things off with a flourish, Boisset’s head chef Rafael Molina served up a gourmet three-course meal, which was artfully paired with LVE’s delectable wines. The limited-edition Legend X SIGNATURE wine is a 2018-vintage cabernet sauvignon crafted at Napa Valley’s renowned Raymond Vineyards. As one of the finest Cabernet Sauvignons, this wine was carefully selected and produced by Stephanie Putnam, director of winemaking at Raymond Vineyards. A delight to drink, the wine has a full, well-rounded flavor profile that owes much to 2018’s superb growing season. Offering the precise temperature- and humidity-controlled conditions needed for optimal preservation, the LG SIGNATURE Wine Cellar is the ideal home solution for keeping wines of all types at their best. Complementing the Legend X SIGNATURE wine’s superb taste is a simple label design and sophisticated black bottle that speak to the timeless quality and premium nature of LG’s luxury brand. The bottle echoes the look and feel of the minimal Black Diamond Glass used for the LG SIGNATURE Refrigerator, while the premium Textured Steel Finish of the LG SIGNATURE Wine Cellar is expressed through the silver font etched into the label. Only 300 bottles of the LVE cabernet sauvignon have been produced, with 50 served at the Wappo Hill event and the remainder set aside for customers purchasing an LG SIGNATURE Wine Cellar. Regarding the exclusive evening of wine, food and music, Legend noted, “It was a pleasure to celebrate our limited-edition wine with music in such an intimate environment for people to truly experience the magic of LG SIGNATURE and LVE.” The perfect pairing of LG SIGNATURE and John Legend will be back with more exciting collaborations in the future – and you can learn all about them right here on Beyond News. # # # View the full article
  20. Recognized for ‘Sustained Excellence’ in Environmental Sustainability, LG Also Wins EPA’s Emerging Technology Award SEOUL, May 5, 2022 – LG Electronics (LG) has been named 2022 ENERGY STAR® Partner of the Year-Sustained Excellence by the U.S. Environmental Protection Agency (EPA). This prestigious honor, a distinction LG has received nine times since 2012, recognizes the company’s exemplary commitment to protecting the environment through leadership in ENERGY STAR certified products and promotions. In addition to the Partner of the Year Award, LG received the ENERGY STAR Emerging Technology Award last month with the EPA honoring 43 LG refrigerator-freezer models, more than any other brand. The award-winning models feature advanced adaptive compressors and use R-600a, a refrigerant with very low global-warming potential (GWP). Refrigerators that earn this environmental distinction outperform the federal minimum standard by at least 25 percent when the compressor is in adaptive mode compared to when the compressor is in a fixed-speed mode. Recognized products also contain low GWP (below 15) refrigerant and foam. Inverter Linear Compressor* found in LG’s refrigerator lineups efficiently keep food fresh longer and noise levels lower compared to LG’s conventional models. Each year, the ENERGY STAR program honors a group of businesses and organizations that have made outstanding contributions to protecting the environment through superior energy achievements. ENERGY STAR award winners lead their industries in the production, sale and adoption of energy-efficient products, homes, buildings, services and strategies. These efforts are essential to fighting the climate crisis and protecting public health. Under its Zero Negative Environmental Impact initiative, LG plans to establish more production sites that make a positive impact on the environment. To ensure that the company reaches its stretch goals for carbon neutrality and circular economy, LG announced its intention to reduce the use of petrochemical-based plastics by introducing up to 600,000 tons of recycled plastic into its manufacturing process by 2030 and nearly double the recovery of electronic waste to 8 million tons by then. LG is demonstrating what it takes to build a more sustainable future, according to EPA Administrator Michael S. Regan. “They are showing once again that taking action in support of a clean energy economy can be good not only for the environment, but also for business and customers. We know it’s going to take all of us working together to tackle the climate crisis,” he said. * Tested by VDE by comparing energy consumption between LG model GBB530NSCXE (LG Inverter Linear Compressor) and GBB530NSQWB (LG conventional reciprocating compressor). Energy consumption test based on ISO 15502 standard. # # # View the full article
  21. With the health of the environment arguably one of the most pressing concerns in the world today, it is a good time to take stock, reflect and give serious thought to how we can all do our part to create a more sustainable future. In the consumer electronics industry, LG continues to show its commitment to protecting the planet and delivering a better life for all by reducing the environmental impact of its innovations at every stage of the product lifecycle. The latest home entertainment solutions from LG serve as fine examples of the company’s efforts to provide maximum user convenience at minimal cost to the Earth. Emblematic of this goal, LG OLED TVs deliver stunning viewing experiences while using a smaller number of components and offering greater recyclability than their LCD counterparts. LG’s self-emissive displays don’t require a backlight like LCD TVs, and because they have fewer parts overall, there is less to recycle and dispose of. For example, the 65-inch LG OLED evo C2 model uses just 40 percent of the plastic of its LCD TV equivalent (model 65UQ80). The eco-conscious qualities of LG’s 2022 OLED TVs have been recognized by one of the world’s foremost providers of testing, inspection and certification services, attaining Société Générale de Surveillance SA (SGS) Eco-Product recognition.1 The select 2022 LG OLED evo TVs will display the Carbon Trust’s product carbon footprint label for reducing CO2 throughout the entire product lifecycle.2 Moreover, they also achieved validation to the UL 2809 Environmental Claim Validation Procedure (ECVP) for Recycled Content Standard from global safety science leader, UL, which confirms these products are indeed as environmentally responsible as advertised.3 For its 2022 OLED TVs4, LG has adopted the use of a new composite fiber material that helps reduce product weight. Additionally, the packaging used for the latest LG OLED TVs is made for recyclable materials and features single-color printing to further save on energy and resources. The LG Soundbar lineup also reveals the company’s dedication to environmentally-conscious design. Its sophisticated audio solutions utilize reused and easily recyclable materials, consume only a small amount of power when in use and ship in sustainable packaging. And to top it off, every 2022 LG Soundbar model has received SGS Eco-Product certification in recognition of their environmental impact. Furthermore, this year’s soundbars are comprised of parts that have been fabricated from recycled plastic resin. The amount of recycled material used in LG’s new soundbars has been confirmed by UL’s ECVP for Recycled Content Standard and many of LG’s 2022 soundbars also feature a polyester jersey fabric that meets the Global Recycled Standard (GRS).5 What’s more, 2022 LG Soundbars are ENERGY STAR® certified thanks to their efficient use of power. By considering the impact our actions have on the environment, and finding better, more sustainable ways to get things done, we can all help to bring about positive change. As a leader in home entertainment innovation, LG will continue to do its part to protect the planet and pave the way to a brighter tomorrow. # # # 1 The 2022 LG OLED Z2, G2, C2, B2 and A2 Series received SGS Eco-Product certification. 2 LG OLED evo 65-inch G2 and C2 models achieved the Carbon Trust’s Reducing CO2 label, while the 55-, 77- and 83-inch G2 models as well as the 42-, 48-, 55-, 77- and 83-inch C2 models received its Measured CO2 label. Only applied in markets/regions participating in the Carbon Trust’s labelling program. 3 ECVP applies to LG OLED evo 55-, 65-, 77- and 83-inch G2 models as well as 42-,48-,55-,65-,77- and 83-inch C2 models 4 A new composite fiber material applied to the 2022 LG OLED TV 55-, 65- and 77-inch G2 models, 42-, 55-, 65- and 77-inch C2 models and 77-inch A2 models. 5 Materials certified by UL 2809 Environmental Claim Validation Procedure (ECVP) for recycled content applies to 2022 LG Soundbar models S95QR, S90QY, S80QR, S80QY, S75Q, S65Q, S60Q, S40Q, SH7Q, SPQ8-S. Amount of recycled fabric varies by model and LG Soundbar models, which come with polyester jersey fabric made from recyled material that meets Global Recycled Standard, are S95QR, S90QY, S80QR, S80QY, S65Q, S60Q, S40Q, SH7Q. View the full article
  22. This London Craft Week, visitors to The Conran Shop’s Chelsea and Marylebone locations will be greeted by a feast for the eyes, or perhaps, more accurately, a ‘Forest of Eyes.’ Delivering vivid colors and infinite contrast via millions of self-lit pixels, LG OLED evo TVs will play an important role in stunning, new art installations created by London-based multidisciplinary artist, Yinka Ilori, for leading lifestyle retailer, the Conran Shop.* Yinka Ilori’s distinctive work will shine out from the stores’ large display windows, communicating hope and optimism through the artist’s bold, joyful palette and signature use of pattern. Introducing his ‘Forest of Eyes’ theme, the installations will comprise a series of eye-shaped boxes, made from timber and alive with color, resembling blossoming rainbow-hued flowers. Within each box will be a series of smaller eye-shaped forms, a mirrored floor, and an LG OLED evo TV that blurs the line between real and digital with its immaculate picture quality. The vibrant, accurate colors and deep, inky blacks of LG’s self-lit TVs will accurately reproduce Ilori’s colorific creations on screen, preserving his artistic intentions while seamlessly blending with the installations’ physical elements to help capture the attention – and imagination – of passersby. LG OLED evo TVs leverage LG’s most-evolved OLED display tech to create mesmerizing viewing experiences. LG OLED evo technology is the exclusive combination of the company’s cutting-edge picture algorithms and the α9 Gen5 AI Processor. Applied to LG’s 2022 G2 series (LG OLED evo Gallery Edition) and C2 series models, OLED evo elevates the ability of the TVs’ self-lit pixels to deliver superior clarity, detail, contrast and color, for images that practically jump off the screen. The joyful, enriching collaboration will also show how well LG OLED evo TVs complement the curated range of designer furniture and home accessories available at The Conran Shop. With premium picture quality and aesthetics, LG’s TVs offer sublime viewing experiences while fitting in perfectly with the most sophisticated of lifestyle solutions. Yinka Ilori’s art installations, which feature a total of 25 LG OLED evo TVs, will be on display at The Conran Shop’s considered London stores until mid-June. During this period, trained staff will be on hand to assist customers wishing to learn more about, or purchase, an LG OLED evo TV via the LG official online shop. Stay tuned to Beyond News for all the latest on LG OLED’s exciting art- and design-world collaborations and partnerships. To learn more about LG’s work with Ilori and The Conran Shop, visit www.lg.com/uk/lgxconranshop. *The Conran Shop has establish itself as one of the world’s leading lifestyle retailers offering an eclectic, hand-selected edit of furniture, lighting, and home accessories. # # # View the full article
  23. In its mission to make the world a better place to live for everyone, LG Electronics will forever champion the importance of social contribution and doing more as a company to help those that can’t help themselves. LG Electronics East Africa Managing Director Sa Nyoung Kim with HFH managers and students at the Mbombo Primary School construction site. LG East Africa has been actively carrying out diverse social initiatives to help improve education, environment and health standards in the region over the last few years and has already made a lasting impact on thousands of locals. This year, LG East Africa partnered again with Habitat for Humanity (HFH) Kenya for its second CSR project to support more than 25,000 Kenyans in Laikipia County. LG Electronics East Africa Managing Director Sa Nyoung Kim lays a stone to commence construction of ablution blocks at Mbombo Primary School, with HFH Senior Program Manager Nixon Otieno and Mbombo Primary School Headteacher Mwangi Thumbi looking on. Early this January, LG in partnership with HFH Kenya launched several social initiatives valued at around USD 90,000 (KES 10.3 million) to benefit more than 3,000 primary and secondary school students and the 22,000 residents receiving supplies from the Olmoran and Maundu Meri Dispensaries every year. At least two dispensaries and seven schools within Mbombo and Rumuruti will see positive changes from these initiatives. Many children and teachers at these schools have limited access to clean, safe water and must make regular trips to far-away dams. To make matters worse, school infrastructure is severely lacking with classrooms, which are mostly made from mud and old iron roof sheets, lacking doors, windows and proper sanitation. Ongoing construction at Mbombo Primary School. To make life better for the children, LG aims to directly resolve the challenges facing these vibrant communities. The company is building new classrooms and toilet facilities and furnishing them with proper school desks, tables and equipment, with construction expected to be completed by June. Over 20 LG products including refrigerators, washers, water purifiers, air conditioners, TVs and microwaves have been donated so far. This initiative is a continuation of LG Electronics’ continued partnership with HFH, first partnering with the Korean branch in 2020 to launch the LG Come Home Challenge, inviting fans to create short videos on how much they love their home. In return, LG made generous donations and gifted appliances to newly built homes in Kenya, Vietnam and India. Also, as part of its 2021 LG Healthy Home Solutions Campaign, LG let fans of Animal Crossing: New Horizons and Fortnite virtually experience healthy home solutions and make donations to HFH Korea – courtesy of LG – by simply posting screenshots on their socials. Laikipia becomes the second Kenyan county to benefit from LG’s work with HFH, following the company’s first successful initiative in 2021 which improved learning facilities at several schools including the Machakos School for the Deaf. Stay tuned to hear what else LG has planned to help support local communities around the world in need of a helping hand! Contributed by LG Kenya # # # View the full article
  24. Highest Quarterly Revenue in Company’s History Reflect Strong Demand for Premium LG Home Appliances and Auto Parts SEOUL, April 28, 2022 — LG Electronics Inc. (LG) today announced first-quarter 2022 consolidated sales of KRW 21.11 trillion (USD 17.53 billion) – the highest quarterly revenue in company history. Operating profit of KRW 1.88 trillion (USD 1.56 billion) was positively impacted by royalty income, partially offset by a one-time workforce restructuring cost. Compared with the first quarter a year ago, revenues grew by 18.5 percent and profitability soared by 6.4 percent, reflecting very strong demand for LG home appliances as consumers around the world continue their focus on healthier living, energy efficiency and home upgrades. The vehicle component business unit’s sales increased driven by higher demand for auto parts as a result of a proactive and preemptive response to shortages of automotive semiconductors. The LG Home Appliance & Air Solution Company generated first-quarter sales of KRW 7.97 trillion (USD 6.62 billion), with operating profit of KRW 447.60 billion (USD 371.68 million). Sales increased 18.8 percent from the same quarter last year, recording the business unit’s highest quarterly revenue. Stable growth was driven largely by strong performance in premium appliances and new categories such as hygiene products applied with steam technology. The appliance business expects to see continued growth by expanding overseas sales in new appliance categories. The LG Home Entertainment Company recorded sales of KRW 4.06 trillion (USD 3.38 billion) with an operating profit of KRW 188.40 billion (USD 156.44 million). Sales increased 1.4 percent from the same period a year ago driven by continued demand for premium products including OLED and large-screen TVs in Europe and North America. The business unit expects continued growth by expanding sales of premium TVs including LG OLED TVs, QNED TVs and large-screen TVs. The LG Vehicle component Solutions Company achieved first-quarter sales of KRW 1.88 trillion (USD 1.56 billion). The sales increase of 8.5 percent from the same period last year reflected a preemptive response to shortages of automotive semiconductors. The business unit’s first-quarter operating loss is narrowing to KRW 6.30 billion (USD 5.23 million), and the company has implemented better cost management to further improve profitability. The LG Business Solutions Company saw improved first-quarter revenues of KRW 2.02 trillion (USD 1.67 billion), an increase of 23.7 percent from a year ago largely on the back of continued demand for products such as monitors and PC products in the beginning of academic season and recovery of the B2B segment, while product competitiveness and operational efficiencies also improved. 2022 1Q Exchange Rates Explained LG Electronics’ unaudited quarterly earnings results are based on IFRS (International Financial Reporting Standards) for the three-month period ending March 31, 2022. Amounts in Korean won (KRW) are translated into U.S. dollars (USD) at the average rate of the three-month period of the corresponding quarter — KRW 1,204.26 per USD. Earnings Conference and Conference Call LG Electronics will hold a Korean / English conference call on April 28, 2022 at 16:00 Korea Standard Time (07:00 GMT/UTC). Conference call participants are instructed to pre-register online to receive a private PIN. To participate in the conference call, dial +82 31 810 3130, enter passcode 6418# and then the PIN. The corresponding presentation file will be available for download at the LG Electronics website before the call. # # # View the full article
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