LG NOVA Selects Companies, Entrepreneurs for Second Annual Mission for the Future Program
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By News Reporter
Building a Stronger Foundation for Long-Term Qualitative Growth
Through Portfolio Shifts and Operational Resilience
SEOUL, July 25, 2025 — LG Electronics Inc. (LG) today announced consolidated revenue of KRW 20.74 trillion and operating profit of KRW 639.4 billion for the second quarter of 2025.
Both revenue and operating profit declined year-over-year, primarily due to continued global market softness, increased tariff burdens driven by changes in U.S. trade policy, and intensified competition. Rising costs, including logistics expenses, also weighed on overall profitability compared to the same period last year.
Despite these challenges, the Home Appliance Solution (HS), Vehicle Solution (VS) and Eco Solution (ES) Companies delivered strong performance, each posting year-over-year increases in both revenue and operating profit. All three Companies achieved their highest-ever second-quarter results. In particular, the VS Company recorded its best quarterly revenue and operating profit in history.
Meanwhile, the Media Entertainment Solution (MS) Company reported an operating loss, primarily due to lower TV sales and increased marketing spend. However, its webOS platform-based advertising and content business continued to generate stable profits, increasingly contributing to the Company’s overall performance.
Building Stronger Foundation for Qualitative Growth
LG continues to strengthen its business fundamentals by focusing on B2B segments such as vehicle components and HVAC systems, non-hardware businesses including subscription services and the webOS platform, and direct-to-consumer (D2C) operations via its online platform, LGE.COM.
In Q2 2025, B2B revenue – including vehicle, component and smart factory solutions, as well as HVAC – rose 3 percent year-over-year to KRW 6.2 trillion. Revenue from the home appliance subscription business increased 18 percent, reaching KRW 630 billion.
These segments remain central to the company’s ongoing portfolio transformation. The B2B business is less susceptible to demand volatility and benefits from strong entry barriers due to solution-based customer relationships. Non-hardware businesses offer recurring revenue and high margins, while the D2C channel enhances profitability and brand equity.
Q2 2025 Results & Outlook by Company
LG Home Appliance Solution (HS) Company
The HS Company posted second-quarter revenue of KRW 6.59 trillion and operating profit of KRW 439.9 billion, achieving its highest-ever second-quarter performance. Despite soft consumer demand, tariff pressures and rising freight costs, the Company maintained strong global competitiveness. Its dual-track strategy – targeting both premium and mass-market segments – continued to drive solid results. The subscription model business continued its rapid expansion. Operational efficiencies and production optimization helped offset increased costs and support profitability.
Looking ahead, market recovery is expected to remain gradual amid heightened competition. The Company will focus on expanding its subscription and D2C businesses and pursue additional cost improvements to help mitigate U.S. tariff impacts. While logistics cost pressures are projected to ease slightly compared to late 2024 and early 2025, the Company plans to carefully manage marketing expenditures to sustain or exceed last year’s level of operating profit.
LG Media Entertainment Solution (MS) Company
The MS Company posted second-quarter revenue of KRW 4.39 trillion and an operating loss of KRW 191.7 billion, primarily due to softened demand leading to lower TV sales and increased marketing expenses in response.
Going forward, the Company will focus on enhancing operational efficiency across all business segments. It plans to expand its presence in Global South markets such as India, where demand remains relatively strong. Continued growth is also expected in the webOS platform business, with new content offerings in areas such as gaming and digital art.
LG Vehicle Solution (VS) Company
The VS Company generated record second-quarter revenue of KRW 2.85 trillion and operating profit of KRW 126.2 billion – the highest in its history. Performance was supported by a robust order backlog and increased OEM vehicle sales, particularly in Europe.
A strategic shift toward premium in-vehicle infotainment (IVI) systems significantly enhanced profitability, while operational efficiency improvements in electric vehicle components and lighting systems further bolstered results. Moving forward, the Company will focus on strengthening relationships with key customers and maintaining profitability through ongoing efficiency gains.
LG Eco Solution (ES) Company
The ES Company achieved second-quarter revenue of KRW 2.64 trillion and operating profit of KRW 250.5 billion, marking a record for second-quarter performance. This growth was driven by strong demand for residential air conditioners in Korea and continued expansion in the commercial and industrial HVAC segments. Higher sales volumes boosted operating leverage, leading to improved profitability.
Looking ahead to the second half of the year, the Company aims to capture replacement demand for high-efficiency products while expanding its product portfolio to support long-term growth. It also plans to explore new opportunities in emerging sectors such as AI data centers by enhancing its commercial HVAC and industrial chiller capabilities – including systems for power generation – and scaling up its liquid-cooling solutions business.
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By News Reporter
Company Plans to Focus on Reinforcing its Business Fundamentals by
Prioritizing Areas of Qualitative Growth
SEOUL, July 7, 2025 — LG Electronics Inc. (LG) today announced its preliminary earnings results for the second-quarter of 2025, reporting a consolidated revenue of KRW 20.74 trillion and operating profit of KRW 639.1 billion.
Both revenue and operating profit declined year-over-year. The slowdown reflects continued weakness in consumer sentiment across major markets and an increasingly challenging external environment. In particular, changes in U.S. trade policy led to higher tariff costs and intensified market competition, further weighing on performance.
Despite an unfavorable business environment, LG’s core businesses—including Home Appliances Solutions, as well as B2B-driven segments such as Vehicle Solutions and heating, ventilation and air conditioning (HVAC)—delivered solid performance and maintained sound profitability. However, the media and entertainment solutions business faced a challenging quarter due to slowdown in demand, higher LCD panel prices and increased marketing expenses amid intensifying competition. Profitability was also affected by increased costs, including U.S. general tariffs, steel and aluminum derivative tariffs, and logistics expenses.
In the second half, LG will focus on reinforcing its business fundamentals by prioritizing areas of “qualitative growth.” This includes expanding high-margin, stable-growth B2B sectors such as Vehicle Solutions and HVAC, scaling non-hardware businesses including webOS platform services and subscription-based models, and enhancing direct-to-consumer (D2C) sales through LGE.COM.
B2B operations offer greater resilience against demand and pricing volatility, making them well-suited for expanding solution-based businesses and establishing entry barriers through strong partnerships. Subscription models and platform-based services support recurring revenue and higher profitability, while D2C sales contribute to both improved profit structure and enhanced brand value.
The home appliance solutions business is maintaining a strong presence in the premium market and also achieving success in the volume zone lineups despite softening demand due to changes in U.S. trade policy and geopolitical risks in the Middle East, while its subscription model continues to perform steadily. In the second half, logistics costs are expected to ease, allowing the company to focus on securing sales, minimizing tariff impacts and ensuring a sound profit structure through operational efficiency.
The media and entertainment solutions business was impacted by price reductions aimed at addressing stagnant demand and higher marketing spend. In the second half, LG aims to further solidify its leadership in the premium OLED TV segment through the launch of new wireless products, while enhancing the competitiveness of the webOS platform by expanding into new content areas such as gaming and digital art.
The vehicle solutions business continues to grow steadily despite industry-wide challenges. Revenue growth and operational efficiency improvements have led to an increase in operating profit compared to the previous year. LG plans to drive sales of premium in-vehicle infotainment systems and diversify with new offerings like automotive content platforms.
In the HVAC business, LG will intensify its focus on commercial air conditioning systems and industrial cooling solutions—particularly by integrating AI-powered technologies into next-generation data center applications, expanding its AI data center (AIDC) business. The company also expects to complete the acquisition of European hot water solutions company OSO, supporting its expansion into the rapidly growing European Air-to-Water Heat Pump market through synergy and scale.
These figures are tentative consolidated earnings based on K-IFRS provided as a service to investors prior to LG Electronics’ final earnings results, including net profit. Details regarding each division will be announced officially later this month.
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By News Reporter
Working in close partnership with top experts from all around the world, LG continues to play a leading role in shaping the future of the global heating, ventilation and air conditioning (HVAC) industry. As part of that effort, the company holds annual LG HVAC Leaders’ Summits – a global gathering designed to share knowledge, spark innovation and build stronger partnerships.
The 2025 edition of the summit began earlier this year in Africa and is now expanding to key regions including Asia, India, the Middle East and Latin America. This wider reach reflects LG’s goal of fostering deeper collaboration and driving technical exchange across the global HVAC community.
Tailored for professionals passionate about propelling the industry forward, the LG HVAC Leaders’ Summit offers a rich mix of hands-on experiences and expert-led discussions. So far, this year’s events have welcomed influential HVAC consultants and decision-makers from Africa, the Middle East and seven Asian countries. Many attendees are currently involved in major national HVAC projects, making the summit a key forum for in-depth discussions and a gateway to meaningful cooperation.
At the heart of the summit are a series of seminars led by LG experts. Topics have ranged from market-specific challenges – such as carbon-neutral building mandates – to the latest advances in variable refrigerant flow (VRF) technology and specialized cooling solutions for data centers. One standout session focused on LG’s dedicated HVAC systems for data centers, offering participants valuable insight into how LG delivers sustainable, high-efficiency climate control in high-load environments.
Real-world success stories also played a central role. Case studies from Southeast Asia, including the Philippines, Indonesia and Thailand, showcased the performance and energy savings achieved with the LG Multi VTM i system. Another session highlighted LG Singapore’s approach to achieving Green Mark certification, reinforcing how LG solutions align with customers’ diverse energy and performance demands.
Participants at the Asia and India Summit also had the opportunity to see LG solutions in action. In Paju, South Korea, they visited a café equipped with 40 LG round cassette indoor units, offering a great example of how HVAC can blend comfort with design. Then in Songdo, they toured a large residential complex utilizing LG’s Multi V S system and 1-way cassettes – demonstrating how LG HVAC integrates seamlessly into modern living spaces.
Meanwhile, attendees from the Middle East took part in technical tours to deepen their understanding of LG’s HVAC capabilities. The first stop explored the company’s chiller factory in Pyeongtaek, where the group observed LG’s high-efficiency chiller manufacturing production line. This was followed by a visit to LG Smart Park in Changwon, home to advanced compressor lines and R&D facilities. These visits showcased LG’s strong manufacturing and innovation backbone, reinforcing the company’s commitment to sustainable, future-ready HVAC solutions.
Beyond the technical sessions and site tours, the summit also created space for relationship-building. Highlights included LG Night, an evening of cultural exchange and networking, where participants connected more personally with the brand and with each other. The summit also served as a platform for sharing LG’s people-centric values, brand philosophy and long-term commitment to building strong global HVAC partnerships.
Building on the summit’s momentum, LG also hosted InnoFest AIR 2025 APAC from June 23 to 25. Around 100 dealers and contractors from 13 Asian countries – including the Philippines, Singapore, Thailand and Vietnam – gathered to experience LG’s latest product lineup. Participants visited LG Smart Park to see residential and commercial air conditioner production lines, and experienced the company’s 60-year legacy of innovation at the Heritage Lounge.
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By News Reporter
LG Recognized in the Automotive Category of This Year’s List for Driving
Mobility Innovation With Its Advanced SDV and In-vehicle Technologies
SEOUL, March 19, 2025 — LG Electronics (LG), a global leader in mobility technology, has been named to Fast Company’s The World’s Most Innovative Companies of 2025 list in the automotive category, announced on March 18. This recognition highlights LG’s strong performance and continuing success as a pioneer of software-driven mobility solutions.
Fast Company, one of the world’s preeminent business media brands, has published The World’s Most Innovative Companies list every year since 2008. The list acknowledges organizations that have made a meaningful impact through their commitment to innovation, ranking the top-performing businesses across 58 industry categories.
A trusted mobility partner, LG is making rapid progress in the pursuit of its bold “living space on wheels” business direction, which reimagines the traditional automobile as an intelligent, connected environment. The company’s seamlessly integrated infotainment systems, displays, telematics and AI-powered technologies enhance safety and comfort for drivers and passengers, while also bringing the personalization and convenience of the smart home to the in-car experience.
LG is realizing its futuristic vision through advancements such as the AI-powered in-cabin sensing solution, designed to make vehicles more intuitive and responsive to their occupants’ needs. Employing Vision AI and an array of sensors, LG’s solution monitors the heart rate, facial expressions and attentiveness of the driver and passengers in real time to assess their physical and emotional state. By detecting whether the driver is fatigued, stressed or distracted, and providing appropriate cues or reminders, it can help improve road safety. The company’s sophisticated sensing solution also offers personalized driving routes, real-time traffic updates and smart in-cabin adjustments.
Being named to Fast Company’s The World’s Most Innovative Companies list follows a year of major successes for the LG Vehicle Solution (VS) Company. In 2024, LG introduced a cross-domain platform integrating Advanced Driver Assistance System, Automated Driving and In-Vehicle Infotainment systems to provide a flexible, cost-effective solution for OEMs. It also expanded its webOS-powered Automotive Content Platform to give vehicle passengers more immersive entertainment options. Additionally, the company launched LG AlphaWare, a comprehensive suite of software for software-defined vehicles (SDVs), and earned global recognition for the security and safety of its V2X technology.
“We are honored to be included in Fast Company’s list of The World’s Most Innovative Companies of 2025,” said Eun Seok-hyun, president of the LG VS Company. “As a leading driver of future mobility innovation, we will continue to create cutting-edge SDV technologies and AI-powered solutions that transform the in-vehicle experience and improve road safety.”
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By News Reporter
LG NOVA Pushes Forward the Future of Collaboration and Innovation
Across Healthtech, AI and Cleantech
LAS VEGAS, Jan. 4, 2025 — LG NOVA, the North America Innovation Center for LG Electronics(LG), returns to CES this year to showcase its commitment to a brighter future through building collaborations with entrepreneurs and startups working in healthtech, AI and cleantech. LG NOVA’s exhibit will feature startup companies building transformative solutions that address today’s real-world challenges impacting people and the planet.
At CES 2025, in LG NOVA’s Eureka Park exhibit, visiting attendees will have the opportunity to explore emerging technologies in healthtech, cleantech and AI; connect with LG executives and leading startups in their respective market areas, attend in-booth sessions and tech talks, learn about LG NOVA’s vision for the innovation ecosystem and discuss the latest trends and views on the markets with the team.
LG NOVA’s showcase will include
link hidden, please login to view, the first new venture unveiled by LG, launched in collaboration with LG NOVA. At CES, Primefocus Health will demonstrate its new healthcare solution built for providers to support patients’ recovery at home with a remote-monitoring and healthcare delivery platform. The company is working on personalized, home-based healthcare solutions tackling rural access, obesity, healthy aging and substance abuse. Additionally, with its continual efforts on creating innovative solutions for better health, LG NOVA is exhibiting a new mental health solution concept, Relief AI. This new concept is a platform for monitoring and tracking patients’ mental wellbeing through advanced AI assessment technologies, engaging with the patient directly.
The LG NOVA startup showcase is located at Eureka Park (Venetian Expo, Hall G. Booth #60511) Featured startups in the LG NOVA program include:
Healthtech:
: A patient-controlled hub for all home health data for streamlining personal health decisions. A leader in dermatology AI and skin cancer diagnostics, driven by its innovative DermEngine platform. Cleantech:
AI-assisted digital energy assessments for homes and neighborhoods to accelerate the decarbonization and optimizing energy efficiencies through home improvements. : Next-gen filtration technology to eliminate microplastics from textile wash—redefining laundering for a cleaner future. Artificial Intelligence:
An AI-powered platform for marketing teams to create production-grade videos for testimonials, webinars and events, featuring effects like multicam and AI-simulated camera moves – all with just an iPhone. : Creates Versa, a hands-free multi-modal AI system for cooking and nutrition. Versa is available as white-labeled SDK for appliance manufacturers and through the VersaWare mobile app and VersaBoard. Open Innovation:
Helps providers track patients’ recovery from neurological injuries and screen for frailty in minutes using digital biomarkers powered by patented movement analysis technology. An AI-powered voice biomarker health tech company that uses real-time patented vocal analysis to screen for mental health and neurological disorders. These startups exemplify LG NOVA’s pursuit to collaborate with innovative companies, pushing the boundaries of technology to create transformative solutions and a positive impact on the future.
For more information on LG NOVA’s at CES visit .
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