By News Reporter
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.
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By News Reporter
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 before the call.
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By David Daul
My magic remote and my Roku remote stopped working for turning off power so I performed a factory reset after troubleshooting to get the remote working. I am now stuck at the 1st screen of the Factory Reset which says "Press the OK Button(wheel) on your remote." Well... this really stinks because the remote doesn't work!!! I have tried a USB mouse, a new magic remote, other LG Remotes with no luck. I have also tried using the button on the bottom of the tv. And, I contacted support which was just an exercise in redoing everything I had already tried... No Luck!!
This is a Nano Cell 55NANO81ANA which is basically just a big brick now since I cannot even use any of the inputs. Does anyone have a trick for getting past this initial screen???
Thanks for the help.
Can I get this player that is on my LG TV for my PC?