By News Reporter
Highest Full-Year Revenue in LG Electronics’ History With
Continuous Growth Based on Strong Fundamentals
SEOUL, Jan. 27, 2023 — LG Electronics Inc. (LG) today announced full-year 2022 consolidated revenue of KRW 83.5 trillion with operating profit of KRW 3.6 trillion.
In 2022, LG achieved its highest annual revenue ever – surpassing KRW 80 trillion for the first time in its history – increasing 12.9 percent over 2021, when sales exceeded KRW 70 trillion for the first time. The record sales reflect continuous growth based on strong fundamentals, although full-year profitability was impacted by challenging global economic conditions.
The company’s revenue growth in 2022 was driven by strong demand for premium home appliances and automotive parts. For the seventh consecutive year, the appliance business unit saw significant year-over-year growth. The turnaround of LG’s Vehicle components Solutions business in 2022 reflected steady improvements in the automotive industry, and this business exceeded 10 percent of LG’s total revenue for the first time.
The LG Home Appliance & Air Solution Company saw another record-setting year with 2022 revenue of KRW 29.9 trillion, an increase of 10.3 percent from the previous year, as a result of company’s premium-focused strategy that includes unique appliances such as LG Styler clothing care systems, all-in-one WashTower laundry centers, and LG InstaView refrigerators with Craft Ice. Full-year 2022 operating profit was KRW 1.1 trillion lower than in the previous year caused by increased marketing investments and higher logistics costs. The business unit plans to consistently pursue its premium-centered strategy by improving competitiveness of premium products as well as strengthening its mass-tier lineup, along with cost structure management to enhance profitability. In addition, the company will accelerate the expansion of smart home ecosystems by expanding upgradable appliance lineups in the overseas markets.
The LG Home Entertainment Company reported 2022 revenue of KRW 15.7 trillion and operating profit of KRW 5.4 billion. Although lower global TV demand impacted revenue and operating profit versus 2021, the company’s content and services business based on LG’s smart TV platform has grown ten-fold since 2018. As challenging business conditions persist, the company will focus on expanding LG’s smart TV platform to diversify its overall business portfolio and secure future growth engines. Furthermore, the company will maintain its competitive edge by growing the premium TV segment, such as OLED TV and QNED TV, as well as effectively managing marketing expenses.
The LG Vehicle component Solutions Company increased revenue by 29.1 percent in 2022 from 2021 to KRW 8.6 trillion with a full-year operating profit of KRW 169.6 billion. The business unit’s profitable growth was driven by proactively responding to higher demand from automakers. By year-end 2022, the total value of accumulated orders for auto parts is around KRW 80 trillion, reflecting the company’s position as a leading supplier to the worldwide automotive industry. The company will continue its momentum by strengthening its global supply chain and will work to further increase profitability through efficient cost structure management.
The LG Business Solutions Company’s 2022 revenue of KRW 6.1 trillion increased 11.2 percent over the previous year driven by continuous recovery of information displays. Full-year operating profit declined, primarily due to lower post-pandemic demand for PCs and monitors. Looking ahead, the company plans to improve competitiveness of PCs and monitors, while driving stable growth in the B2B segment by developing more customized solutions.
Earnings Conference and Conference Call
LG Electronics will hold a Korean / English conference call on January 27, 2023 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.
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Hi just got a new QNED LG to replace 2021 Nano tv
the problem is I can’t move my HD channels down to channels 1 to5.
the program manager does not have the function to move channels like my old Nano tv which is only a year older.
is there anyway I can get around this strange function?
By News Reporter
LG Continues Long-Standing History of Honors at World’s Preeminent
Consumer Technology Show With More Than 220 Awards & Accolades
SEOUL, Jan. 13, 2023 — Making a triumphant return at this year’s CES®, LG Electronics (LG) took home its most awards ever compared to previous years – with more than 220 recognitions honoring top innovations across its home appliance and home entertainment categories.
Among the top honors received by LG at CES 2023 was the coveted, Engadget Best of CES Award in the Best Home Theater Tech category for its groundbreaking LG SIGNATURE OLED M (model M3) – the world’s first wireless OLED TV with Zero Connect technology.
With 2023 marking the 10th anniversary of LG’s revolutionary OLED TV, the global leader in OLED technology continued its dominance at CES, taking home the industry’s top awards and honors for its latest OLED TV lineup including the aforementioned LG OLED M3 and LG OLED evo G3 and C3. The LG OLED evo G3 features up to a 70 percent increase in brightness versus last year’s models. The 97-inch LG SIGNATURE OLED M3 (the M3 model also available in 83- and 77-inch screen sizes) is considered the next step in the evolution of OLED TV technology and was honored by major tech publications including CNET, Digital Trends, TechRadar, Tom’s Guide, WIRED, The Verge, USA Today, PCMag and Mashable. The new LG G3 series OLED TV featuring “evo” technology was also applauded by TechCrunch, CNET, Tom’s Guide, Reviewed and BGR. PCMag additionally highlighted the innovative LG gram Ultraslim in its Best of CES 2023 noting the laptop’s lightweight mobility.
LG also garnered accolades from top publications such as The Wall Street Journal, CNET, The Washington Post, WIRED, Good Housekeeping, Tom’s Guide and PCMag for its new refrigerator with MoodUP technology. The cutting-edge home appliance was widely recognized for being one of the most exciting products of CES 2023 due to its tech-forward customization with LED door panels that offer 190,000 color options along with an integrated Bluetooth speaker.
LG’s newest ARTCOOL Gallery residential air conditioner also received significant attention for its sleek design with LCD panel and took home a Best of CES award from TechRadar and Best Innovative Products from CES 2023 from Business Insider. LG’s PuriCare Aero Furniture, which combines the benefits of sleek home furnishing and advanced air purification, was honored by PC Mag (Best Smart Home Tech of CES) and Reviewed (CES 2023 Editors’ Choice Award) for its ability to conceal high-end air purification tech with futuristic, colorful end tables that include mood lighting and a wireless charger surface.
From the Consumer Technology Association’s (CTA) CES Innovation Award program alone, LG won 25 CES Innovation Awards including three Best of Innovation Awards given to LG Transparent OLED Screen, LG OLED Flex and LG’s 65-inch UltraFine Display OLED Pro.
Highlights from LG’s 220 awards and recognitions earned at CES 2023 include:
LG SIGNATURE OLED M (97-inch M3) Wireless OLED TV with Zero Connect Technology
CNET: Best of CES 2023 – Best of Show Digital Trends: Top Tech of CES 2023 Awards Engadget: Best of CES 2023 – Best Home Theater PCMag: Best of CES 2023 Reviewed: CES Editors’ Choice Awards 2023 TechRadar: Best Gadgets of CES 2023 – Best TV Innovation The Washington Post: Best and Strangest Tech of CES 2023 Tom’s Guide: Best of CES 2023 Awards – Best in Show
LG gram Laptops
CNET: Best Laptops CES 2023 Has to Offer Laptop Mag: Best of CES 2023 PCMag: Best of CES 2023 PCWorld: Best Laptops from CES 2023 TechRadar: Best Laptops at CES 2023 Tom’s Guide: Best Laptops of CES 2023 WIRED: Best of CES 2023
LG OLED Flex
Digital Trends: Best Gaming Monitors of CES 2023 PC World: Best Monitors of CES 2023 TWICE: TWICE 2023 Picks Awards – CES 2023
LG UltraGear OLED Gaming Monitor
PC World: Best Monitors of CES 2023 Wirecutter: Best of CES 2023 TWICE: TWICE CES 2023 Picks Awards
LG Refrigerator with MoodUP Technology
CNET: The Wildest Tech at CES 2023, 9 Weirdest Gadgets at CES 2023, Best Smart Kitchen Tech Good Housekeeping: Editor’s Choice – CES 2023, CES 2023 Top Picks Now This News: Some of the Best Products from CES 2023 PCMag: Best of CES 2023 Reviewed: CES Editors’ Choice Awards 2023 The Wall Street Journal: Cool, Crazy and Cute Tech – CES 2023 The Washington Post: Best and Strangest Tech of CES 2023, Best of CES 2023 Tom’s Guide: Best of CES 2023 Awards – Best Appliance The National News: Best, Quirkiest Innovations at CES 2023 Gear Patrol: Best Home Gadgets of CES 2023
LG InstaView ® Counter-Depth French Door Refrigerator
BestProducts.com: Best of CES Home Appliances – Best Large Appliance
LG PuriCare Aero Furniture
Reviewed: CES Editors’ Choice Awards 2023 TWICE: TWICE Picks Awards – CES 2023 PCMag: Best Smart Home Tech of CES 2023
LG ARTCOOL Gallery Residential Air Conditioner
TechRadar: Best of CES 2023 Business Insider: Best Innovative Products from CES 2023 Gadget Flow: CES 2023 Favorites Yanko Design: Best of CES 2023
LG Styler ShoeCase
Digital Trends: The Most Curious Gadgets at CES 2023
LG Styler ShoeCare
CNET: 9 Weirdest Gadgets at CES 2023 Digital Trends: The Most Curious Gadgets at CES 2023
For more information on LG’s CES 2023 awards and honors and additional information about LG’s products announced at CES, please visit
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By News Reporter
For LG, 2022 was a defining year for its unwavering journey towards sustainability after the company successfully redirected its focus to collaborations for a greater collective impact through its global innovation challenge, the LIFE’S GOOD AWARD.
Innovators hailing from all four corners of the globe answered LG’s call with creativity, passion and a drive to make sure Life’s Good, with novel solutions that bring much-needed hope of a brighter future for people and the planet. Among the countless game-changing ideas submitted, the best four were selected to be presented at the LIFE’S GOOD AWARD Conference held in January, in what would be the grand finale.
(From left to right) Lee Jeong-seok, head of LG Electronics’ Global Marketing Center, CTO Dr. Kim Byoung-hoon and CSO Lee Sam-soo
With innovation at its core, it was only fitting that LG Sciencepark, the company’s immense innovation hub based in Magok (South Korea), was chosen to host the conference. The four finalists joined the judging panel of respected scholars and LG executives to give their final pitches that would determine which award they would be taking home. But this was by no means a closed event, as the public was warmly invited to tune into the conference’s afternoon events.
Lee Jeong-seok, head of LG Electronics’ Global Marketing Center
The day kicked off with a presentation from each team and the judging panel gave valuable feedback and asked questions based on the solution’s impact, innovation and sustainability. And finally, the moment everyone had waited for; the announcement of who would be receiving what prize at the awards ceremony held later that day.
Public attendees interested in LG’s latest sustainability efforts were greeted to the park by a special exhibition booth providing an interesting overview of each top-four solution, as well as a look into LG’s most notable products promoting environmental sustainability and accessibility.
The ‘Dot pad,’ Dot Incorporation’s tactile graphic display, was one of them. Featuring 2,400 braille pins/dots which move up and down to convert information, this device gave visitors the opportunity to experience how the visually impaired ‘see’ the world through their fingertips.
Next up was Day1Lab’s alternative plastic solution which promotes its vision of a green Earth devoid of all harmful microplastic waste. This exhibit was set up to clearly demonstrate how carbohydrate complex materials degrade naturally in freshwater and earth, as to not harm the planet’s beautiful and diverse ecosystems.
Similarly, SOLUTUM presented an alternative plastic solution which degrades naturally in freshwater without toxic residue. Attendees were eager to see the eco-friendly material close up, especially as it’s expected to be featured in consumer products soon in partnership with a leading beverage brand.
Water desalination was the key initiative outlined in NONA Technologies’ exhibit. It’s here where onlookers could discover how a desalination solution that removes minerals from raw water completely changes the outlook of agriculture and water-deprived communities over the world.
Professor Christopher Marquis, a professor at Cambridge Judge Business School
Following this exclusive tour of the winning solutions, everyone gathered for the long-awaited awards ceremony. But before the awards were handed out, a welcoming address by LG, special lectures from presiding professors and speeches from the winning teams were conducted, a perfect example of how businesses, scholars and innovators can come together as one for a better world.
(From left to right) Dot Inc.’s Ki Kwang Sung, CSO Lee Sam-soo and Dot Inc.’s Ju Yoon Kim
The curtains closed on the ceremony with a big round of applause for the winners, with Dot Inc. (South Korea), SOLUTUM (Israel), Day1Lab (South Korea) and NONA Technologies (the United States) claiming the Grand Prix, Gold, Silver and Bronze awards, respectively. The jury lauded the four winners’ amazing dedication and visionary solutions.
Through a relentless drive for innovation and an unwavering commitment to connecting with some of the brightest minds in the world, LG will continue to foster a Better Life for All. Stay tuned to
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By News Reporter
Boasting a 360Hz Refresh Rate and NVIDIA Reflex Response Time,
the 25GR75FG Will be Unveiled at Major EMEA Esports Event Held in January
SEOUL, Jan. 16, 2022 — LG Electronics’ (LG) latest UltraGear gaming monitor (model 25GR75FG) has been named the official display of the League of Legends EMEA Championship (LEC) 2023. The new monitor will make its debut during the upcoming LEC season, which begins this weekend, supporting players from the region’s top teams as they battle it out for tournament honors. LG UltraGear is proud to continue its strong partnership with LEC, one of the world’s most popular esports leagues, and remains committed to fostering the growth of esports internationally.
Designed for competitive esports, the latest LG UltraGear gaming monitor delivers outstanding picture quality and speed thanks to a 24.5-inch Full-HD (1,920 x 1,080) IPS display with a 360Hz refresh rate and 1 millisecond Gray-to-Gray (GTG) response time. The performance of LG’s new gaming display is further boosted by the integration of NVIDIA G-SYNC technology, which minimizes screen-tearing for seamless visuals, and NVIDIA Reflex, which helps to reduce click-to-display latency for more precise control of the onscreen action. VESA Display HDR 400 certified, the 25GR75FG also ensures bright, clear images and has a 3-sided borderless design that helps increase players’ sense of immersion, making it easier to focus during fierce competition.
As part of its ongoing partnership with LEC, LG has been providing the professional league with its world-class UltraGear gaming monitors since 2022. The 25GR75FG is being adopted by LEC for the 2023 season, which is being held in a brand-new format by merging Europe, Türkiye and CIS with the Middle East and North Africa (MENA) to create EMEA, a united competitive League of Legends Esports region. Optimized for esports, the 25GR75FG has been upgraded from its predecessor with the help of feedback from LEC players. The design, features and capabilities of the new UltraGear model make it an ideal choice not only for pro-players, but for anyone who loves the thrill of competitive gaming.
“We are delighted to announce the continuation of our partnership with LG for the upcoming LEC 2023 Season,” said Eva Suarez, head of partnerships for EMEA at Riot Games. “We’re dedicated to providing our competitors with the best gaming experience possible and the new LG UltraGear gaming monitor will go a long way in offering our League of Legends pros outstanding picture quality every time they step onto the LEC stage.”
“LG is very excited to introduce the 25GR75FG at the upcoming LEC 2023,” said Seo Young-jae, head of the IT business unit of LG Electronics Business Solutions Company. “Super-fast gear fine-tuned for the demands of professional esports, our incredible high-performance display will be in the thick of the action as the best teams in the EMEA region play for victory. LG UltraGear will continue to support LEC and help foster the growth of esports worldwide.”
To learn more about LEC 2023, check out and follow LG UltraGear (@
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LG UltraGear Gaming Monitor (25GR75FG)
Display Type IPS Screen Size 24.5-inch Resolution FHD (1,920 x 1,080) Color Gamut sRGB 97% Refresh Rate 360Hz Response Time 1ms GTG HDR VESA DisplayHDR 400 Connectivity HDMI 2.0 x2 DisplayPort 1.4 x1
USB 3.0 x1 Upstream, x2 Downstream
Adaptive Sync NVIDIA® G-SYNC with Reflex Stand Tilt: -5º to +15º (Manual) Height: 110mm (Manual)
Pivot: Yes (Clockwise)
Wall Mountable (100 x 100mm)
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