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What is LG Electronics?

LG Electronics

About LG Electronics

What is LG Electronics?

Headquartered in Seoul, LG is a South Korean electronics manufacturer founded as GoldStar by Koo In-hwoi in 1958. The company was set up to manufacture consumer electronics and home appliances for the local market after the Korean War. Therefore, it was the first to produce radio equipment, televisions, refrigerators, washing machines and air conditioners in South Korea. While the company initially operated under the GoldStar branding, it was later merged with Lucky Chemical and LS Cable –other LG group companies – in 1995.
 
The company’s first overseas production facility was set up in the US in 1982. In 1994 GoldStar officially
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Latest Updates on LG Electronics

LG Electronics India posts 7% revenue growth, 12% rise in profit for 2024

In its segment-wise revenue, LG reported Rs 5,672 cr from the home entertainment division, under which it sells televisions, audio systems, DVDs, monitors, and security cameras, among other products

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Updated On : 29 Oct 2024 | 7:55 PM IST

LG Electronics' FY24 revenue rises 7.5% to Rs 21,352 cr, profit grows 12.3%

The total tax expense of LG Electronics India in FY24 rose by 11.36 per cent to Rs 526 crore

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Updated On : 29 Oct 2024 | 12:26 PM IST

LG Electronics picks banks for $1.5 billion listing of Indian unit

LG has tapped banks including Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley as arrangers for an IPO

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Updated On : 14 Sep 2024 | 1:35 PM IST

LG Electronics weighs IPO in India to help chase its $75 billion goal

Chief Executive Officer William Cho said an Indian market debut is one of several options it's weighing to revitalise a decades-old consumer electronics business

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Updated On : 27 Aug 2024 | 11:34 PM IST

Why are India's consumer durable makers locked in intense warranty war?

Brands are offering warranties on washing machines and dishwasher motors for up to 20 years, which are being marketed as 'lifetime' guarantees

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Updated On : 03 Aug 2024 | 12:08 PM IST

LG Electronics plans IPO in India to boost fundraising, claims report

A South Korean business daily reported that the LG Group has approached foreign investment banks and local law firms to discuss the listing of LG Electronics in India's stock market

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Updated On : 27 Jun 2024 | 11:02 AM IST

LG MyView review: Productivity-focused monitor with TV capability built-in

The LG MyView 27-inch is a well-rounded monitor that integrates essential connectivity options, a modest display, and smart features to cater to both professional and entertainment needs

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Updated On : 14 Jun 2024 | 5:13 PM IST

Premium TVs to drive growth in segment for LG, expects to grow at 30%

The 55-inch TV category is fast becoming a bigger chunk of the market for the company, recording a growth of 30-35 per cent

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Updated On : 15 May 2024 | 11:37 PM IST

LG launches webOS based MyView Smart Monitors in India: Price, models, more

Offered in 27-inch and 32-inch display options, the LG MyView Smart Monitors are priced at Rs 24, 500 onwards

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Updated On : 02 Apr 2024 | 4:44 PM IST

LG enters self-laundry service in India, to invest $4 million in 2024

LG's foray into the commercial washing machine multi-housing business introduces new line of services, bringing self-laundry solutions to college and university hostels, company said in statement

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Updated On : 07 Feb 2024 | 9:02 PM IST

LG unveils QNED 83 series smart TVs in India: Know price, features and more

The LG QNED 83 series features 120Hz refresh rate displays with support for Dolby Vision

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Updated On : 25 Jan 2024 | 2:44 PM IST

LG Gram 16 review: Big display, strong performance, and lightweight design

The LG Gram 16 is a compelling choice for those seeking a slim and lightweight laptop ready for various tasks, excluding gaming or heavy content creation

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Updated On : 11 Sep 2023 | 9:50 AM IST

LG launches XBoom series of speakers, Tone Fit TF7 wireless earphones

The LG Tone fit TF7 will be available for purchase starting from August onwards, with a starting price of Rs 12,500

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Updated On : 06 Jul 2023 | 7:15 PM IST

India to see LG's highest sales growth globally this year: MD Hong Ju Jeon

LG India will boost localisation of its products by increasing the use of locally produced components from 50% to 70%

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Updated On : 30 Jun 2023 | 12:45 PM IST

LG launches Gram series laptops, Ultra PC in India: Price, specs, and more

The 2023 LG Gram line-up includes LG Gram (17Z90R, 16Z90R, and 14Z90R), LG Gram Style (14Z90RS), LG Gram 2-in-1 (16T90R), and LG UltraPC (16U70Q)

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Updated On : 15 Jun 2023 | 12:51 PM IST

LG S95QR 9.1.5 sound bar review: Expansive audio for cinema-like experience

At Rs 109,990, the LG S95QR is one-of-its-kind 9.1.5 channel sound bar audio system. It is feature-packed with everything that one expects from a premium home-theatre audio system

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Updated On : 08 Jun 2023 | 9:09 AM IST

Jaguar recalls I-Pace electric vehicles due to fire risk in batteries by LG

The NHTSA opened the probe in April of 2022 covering more than 138,000 vehicles with the South Korean company's lithium-ion batteries

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Updated On : 31 May 2023 | 10:23 PM IST

Hyundai Motor, LG Energy Solution to invest $4.3 bn in US battery plant

In October, Hyundai Motor Group began the construction of a 300,000-unit-a-year EV and battery plant in Georgia, aiming to begin commercial production in the first half of 2025

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Updated On : 26 May 2023 | 4:08 PM IST

LG India expects 10% growth, exploring new business categories, says MD

Jeon also lauded India's growth story this year and said its economy is growing despite other markets facing tough times on account of global disruption from war and other factors

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Updated On : 24 May 2023 | 8:26 PM IST

LG announces 2023 OLED TV series with top-end model priced at Rs 75,00,000

In addition to televisions, LG also introduced the LG OLED OBJECT Collection POSE (a lifestyle TV) and OLED Flex (a gaming-centric flexible screen that can bend at 20 different levels of curves)

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Updated On : 24 May 2023 | 3:38 PM IST