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By News Reporter
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.”
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* Verified products are currently available in Korean region only.
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By News Reporter
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.
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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.
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By News Reporter
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 , 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 , 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 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
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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 Panto650
Is anyone aware of an update to the lg web browser that will enable me to screen mirror using an iOS device. I do not have that capability at the moment
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