By News Reporter
Highest Full-Year and Fourth-Quarter Revenues in LG Electronics’
History Driven by Strong Demand in Premium Home Appliances and TVs
SEOUL, Jan. 27, 2022 — LG Electronics Inc. (LG) continued its strong performance in 2021, achieving the highest annual revenues in its history with full-year sales of KRW 74.72 trillion (USD 63.16 billion). This increase of 28.7 percent over 2020 was attributed primarily to stronger sales of premium home appliances and OLED TVs. Operating profit of KRW 3.86 trillion (USD 3.27 billion) was essentially unchanged, declining 1 percent from the previous year.
LG also reported record sales in the fourth quarter with revenues of KRW 21.01 trillion (USD 17.76 billion), an increase of 20.7 percent from the same quarter the previous year. Operating profit of KRW 677.7 billion (USD 572.87 million) in the quarter declined 21.4 percent from the same quarter a year earlier due in large part to factors such as higher raw material and global logistics costs. As challenging business conditions persist into 2022, LG is staying the course to strengthen competitiveness by further improving its cost structure and continuing to expand the presence of its premium appliances and TVs in the global market.
The LG Home Appliance & Air Solution Company saw another record-setting year with 2021 revenues of KRW 27.11 trillion (USD 22.92 billion), an increase of 21.7 percent from the previous year, driven largely by strong performance in new appliance categories such as hygiene products. Annual operating profit of KRW 2.22 trillion (USD 1.88 billion) was 2.9 percent lower than in the previous year due to higher costs for raw materials and global logistics. Record fourth-quarter revenues of KRW 6.52 trillion (USD 5.52 billion) were 17.7 percent higher than the same period 2020.
The LG Home Entertainment Company reported 2021 revenue growth of 30.6 percent to KRW 17.22 trillion (USD 14.56 billion) with operating profit increasing 18.1 percent over the previous year to KRW 1.1 trillion (USD 929.68 million), reflecting LG’s success in responding to the higher demand for premium TVs during the pandemic. Revenues in the quarter of KRW 4.99 trillion (USD 4.21 billion) were 16.4 percent higher than fourth quarter the prior year and up 19.2 percent from the previous quarter owing to the growth in demand for premium OLED and large-screen TVs in key regions of Europe and North America.
The LG Vehicle component Solutions Company increased revenues by 24 percent in 2021 from 2020 to KRW 7.19 trillion (USD 6.08 billion), exceeding KRW 7 trillion for the first time. Revenues in the fourth quarter of KRW 1.68 trillion (USD 1.42 billion) declined 12.3 percent from the same quarter the previous year. Under the cloud of uncertainty created by the new COVID-19 variant, the global automotive market experienced significant disruption due to the shortage of automotive semiconductors.
The LG Business Solutions Company achieved 2021 revenues of KRW 6.96 trillion (USD 5.89 billion), a 15.8 percent increase over the previous year while higher material costs and supply chain challenges resulted in an annual operating profit of KRW 144.3 billion (USD 121.98 million). Fourth-quarter revenues increased 14 percent from the same period in 2020 to KRW 1.72 trillion (USD 1.46 billion) on the back of strong demand for premium PCs and gaming monitors. An increase in cost of global logistics and slowdown of solar module sales due to increased competition contributed to a fourth-quarter operating loss of KRW 35.1 trillion (USD 29.67 billion).
2021 4Q Exchange Rates Explained
LG Electronics’ unaudited quarterly earnings results are based on IFRS (International Financial Reporting Standards) for the three-month period ending December 31, 2021. 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 1,182.99 per USD.
Earnings Conference and Conference Call
LG Electronics will hold a Korean / English conference call on January 27, 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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Automatic Firmware Update
Press the Home/Smart button on your remote to bring up your launcher bar.
Click the Settings icon in the top-right.
Choose the All Settings option at the bottom.
Choose the General menu from the left.
Scroll down, near the bottom of the list, and select About this TV.
From here, make sure Allow automatic updates is checked, and click the Check for updates button.
If an update is found, follow the steps on screen to download and install it.
You’re here to find out how to watch Super Bowl 2022 on your LG TV — and we’ll get to that. But first, imagine Dad’s secret chili hitting the stove yet again. Family files into your home from far and wide. Flags adorn the flag holders of all the homes on your neighborhood street — a bevy of competing colors and boisterous avatars to match. It’s not Christmastime, it’s not Easter, and it’s definitely not the Fourth of July, which only leaves one major holiday that isn’t actually a holiday but may as well be.
It’s time, yet again, for the Super Bowl, an American tradition that hearkens back to the days of TVs being as big as washing machines with screens not much larger than our iPhones.
While we, of course, have loads of suggestions for the best TVs to watch the Super Bowl on, if you’ve already had your sights set on a new LG TV or already own a big-screen LG smart set, there are more ways than one to experience the Bowl with your Life’s Good TV. Let’s dive a little deeper into how to watch Super Bowl 2022 on an LG TV.
This year, Super Bowl 2022 is being broadcast live from the SoFi Stadium in Los Angeles on February 13, 2022, with the kickoff expected at 6:30 p.m. ET and 3:30 p.m. PT. Originally, the 2022 broadcast rights were supposed to go to CBS, but due to pandemic turnarounds, a landmark negotiation between CBS and NBC gave coverage of the annual event to NBC.
So what exactly does that mean in terms of actually watching the Super Bowl with an LG TV? We’ve got that covered below.
How to stream Super Bowl 2022 with an LG TV
A cable box or TV antenna (more on these later) hooked up to our TVs was and still is one of the main ways to catch the Super Bowl — regardless of what major network is handling coverage. Today, though, more and more households have cut the cord, with a number of residences only paying for Internet access and ditching paid cable altogether.
With NBC handling the coverage to this year’s Super Bowl (available on cable, satellite, and over-the-air broadcast), if you’re a cord-cutting household, this means you’ll need to be using a streaming service that gives you access to whatever NBC affiliate is broadcasting in your area. Not a problem, though, as there are several routes you can take to tap into NBC viewing.
For starters, you could try your hand at FuboTV. An official supporter of ESPN, the NFL Network, and NBC, FuboTV launched as a dedicated soccer streamer but quickly grew to include other sports programming and non-sports content. LG TVs have been supporting FuboTV since 2018.
With prices starting at $65/month, FuboTV’s starter package gets you access to over 111 sports channels and 250 hours of DVR storage. If you’re interested in expanding DVR storage or want to access your FuboTV subscription on other TVs in your home, you can upgrade to the Pro tier ($70/month) or the Elite package ($80/month).
YouTube TV and DirecTV Stream are two alternative options for LG TV streaming. Both platforms have access to NBC affiliates, along with a bevy of other TV channels, recording packages, and enough ancillary frills to make the purchase price worth it.
If you want to keep your streaming a bit more traditional, there’s the Hulu way. With a Hulu + Live TV subscription ($70/month), you’ll be able to stream the Super Bowl as it is simultaneously broadcast on NBC affiliate stations. Better yet, your Live TV membership gets you access to ESPN+, Disney+, and Hulu’s entire library of movies and TV shows.
How to watch Super Bowl 2022 on an LG TV for free
“If it’s free, it’s for me” is an often-said adage that comes with some fine-printed details we may not consider. In the case of catching Super Bowl 2022 on your LG TV, yes, technically, you can pick up the broadcast without paying for cable or a streaming provider. However, what you will require is an over-the-air (OTA) antenna.
An OTA antenna connects directly to the coaxial input on your LG TV. After performing a channel scan, your TV (when tuned to the TV/Coaxial/Antenna input) will be able to access a number of live broadcasts from network affiliates in your area.
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By Shaggy men
I am trying to connect the TV to my 2.4Ghz wifi because I have a Google Home mini and some smart lamps that only work on that 2.4Ghz frequency. This would ensure that everything was on the same network.
When I configure the tv to connect to the 2.4Ghz wifi, always gives me an error that it could not connect to the network. If I try to connect to the 5Ghz network (with a different name than the 2.4Ghz) it connects without problems. If I connect the cable tv it works too. All home devices that connect to the 2.4Ghz network are working fine.
Any solution to something that should be so simple?
By News Reporter
Disruptive Concept in Ownership Extends Usability of Appliances
That Can Be Upgraded to Meet New Usage Trends, Patterns
SEOUL, Jan. 25, 2022 — LG Electronics (LG) is set to change the existing paradigm of home appliance usage with an upgradability option that adapts to the unique and changing lifestyles of customers. Developed under the concept, Evolving Appliances For You, LG upgradable appliances have the capability to incorporate new features developed in the future based on owners’ usage patterns and habits.
What upgradability brings to the table is the ability to add a new function or convenience to an existing appliance through new software, new hardware or both. For example, users can improve the performance of the LG PuriCare air purifier when a new pet joins the family by upgrading with the Pet Care Filter to more thoroughly filter out pet fur and dander from the air.1 Upgradable LG dryers can be enhanced later on to handle different climates and fabrics with new accessories and software downloadable from the Upgrade Center in the LG ThinQ app.
For the customer, upgradability enables the LG appliance to keep up with changing trends and usage patterns over the many years of that product’s lifespan, extending usefulness many times over. In all, LG is planning to introduce approximately 20 upgradable appliances this year.2
“Upgradeability challenges the idea that expensive appliances are designed with planned obsolescence in mind,” said Lyu Jae-cheol, president of LG Electronics Home Appliance & Air Solution Company. “We want customers to experience the feeling of getting a new washer or refrigerator throughout the entire lifecycle of an LG appliance, not just the first time they bring the item home.”
Customers in specific markets can expect to see LG’s first upgradable washer and dryer later this year. Follow LG’s Home Appliance Instagram account () for more information when available.
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1 Pet Care Filter sold separately.
2 Upgradable products and features may vary depending on model and region.
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