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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By LG Nano LED
Dear Sir or Madam
I have a LG Nano LED tv, in that I am trying to download VOOTKIDS. But is not showing in the LG webos
This was checked many times.
Kindly suggest me to how to download this app in my TV,
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
Award’s Final Four Teams Joined by Renowned ESG Scholars and Company’s
Executives at LIFE’S GOOD AWARD Conference in South Korea
SEOUL, Jan. 17, 2023 — LG Electronics (LG) has announced the final winner of its LIFE’S GOOD AWARD, supporting global innovators taking on challenges to help create a Better Life for All. The Grand Prix was awarded to Dot Inc. from South Korea.
The jury ranked the final four teams after each of the teams pitched their innovative solutions in the award’s final round, held during the LIFE’S GOOD AWARD Conference at LG Sciencepark in Seoul, Korea, on January 16. LG’s own executives leading the company’s ESG management, CSO Lee Sam-soo and CTO Dr. Kim Byoung-hoon, were present as well.
The award embodies LG’s ESG vision of a Better Life for All, aiming to foster a brighter future for the planet and people. The company aimed to solicit ideas for environmental sustainability and accessibility, two key focuses of its long-term ESG initiative, the Better Life Plan 2030. The ingenious solutions presented by the four winners illustrate the power and potential of tech-for-good to spread positive impact on the world.
The winning teams are: Dot Inc. of South Korea (Grand Prix/USD 700,000 in prize money); SOLUTUM of Israel (Gold/USD 200,000); Day1Lab of South Korea (Silver/USD 100,000); and NONA Technologies of the United States (Bronze/USD 50,000).
LIFE’S GOOD AWARD Winning Solutions
Dot Inc.: developed an assistive information display device for the visually impaired composed of 2,400 braille pins – or ‘dots’ – which move up and down. The novel device converts images, maps and other diverse digital information from connected devices such as computers and mobile phones into a display for visually impaired users to comprehend. SOLUTUM: developed a novel plastic material that dissolves in water at ambient temperature and then biodegrades leaving no microplastic or toxin residue. Day1Lab: created an organic polymer plastic which completely biodegrades in freshwater after about two weeks, and in the earth after about two months. NONA Technologies: developed a desalination solution leveraging Ion Concentration Polarization (ICP) to remove viruses, bacteria, salt and debris from water. Along with the final four teams, the LIFE’S GOOD AWARD Conference was graced by the esteemed members of the award’s jury, the LG’s Life’s Good Committee, consisting of the company’s executives and respected scholars in the area of responsible business management; Alex Edmans, a professor at London Business School, Christopher Marquis, a professor at Cambridge Judge Business School and Hyun S. Shin, a professor at Hanyang Business School and a director of the Collective Impact Center at Hanyang University.
The conference saw various attendees – including members of the public and local university students as well as LG employees and partners – and was livestreamed so that audiences from all around the globe could tune into the proceedings. During the morning, all four teams gave a final presentation and participated in a Q&A session, while the jury provided feedback based on the impact, innovation and sustainability of each solution. The afternoon featured an awards ceremony honoring the four teams and announcing their final placings, as well as special lectures delivered by Professor Edmans, Professor Marquis and Professor Shin.
“We will continue to pursue solutions assisting the visually impaired, and thanks to LG’s support, we will be able to achieve this at a greater scale and in less time than we otherwise would have,” said Ahrum Choi of Dot Inc., Grand Prix winner of the LIFE’S GOOD AWARD. “We are so grateful for this experience and are looking forward to collaborating with LG in the future, a company that really shares our desire to make the world a better place.”
“We will continue to collaborate with like-minded innovators as we forge ahead on a shared journey to create a sustainable future for all, embracing the company’s Life’s Good vision,” said Lee Sam-soo, Chief Strategy Officer at LG Electronics.
Meanwhile, LG will carry out ESG efforts spearheaded by the Better Life Plan 2030 and continue to share the initiative with internal employees and external stakeholders in order to bolster the company’s sustainable business practices.
For all the latest on LG’s ongoing efforts to realize 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 (@
link hidden, please login to view) and LEC (@) on Twitter. Specifications:
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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