LG Electronics, Inc., together with its subsidiaries, engages in the manufacture and sale of electronics, and information and communications products worldwide. It produces CDMA/GSM handsets, air conditioners, front-loading washing machines, optical storage products, DVD players, flat panel TVs and home Theater systems. Divisions The company operates through four business domains: Mobile communications, Digital appliances, Digital displays, and Digital media. Mobile Communications division: The Mobile Communications division supplies mobile phones and mobile technology related products. Digital Appliances division: The Digital Appliances division offers air conditioners; refrigerators; washing machines; cooking appliances; vacuum cleaners; built-in appliances, including built-in ovens, hobs, hoods, refrigerators, and dishwashers; and home networking. Digital Display division: The Digital Display division offers LCD TV’s, Plasma TV’s, LCD monitors, and projectors. Digital Media division: The Digital Media division offers a range of products, including home audio, home audio, mobile entertainment devices, car infotainment, security systems, optical storage, and notebook PCs. Strategic Alliances QUALCOMM MEMS Technologies, Inc. and LG Electronics Inc., in February 2009, entered into an agreement to begin the development of mirasol-enabled handsets. Under the agreement, Qualcomm MEMS Technologies and LG Electronics each commit resources to integrate mirasol displays into one or more LG handsets intended for commercial release. Significant Events On May 18, 2009, Hynix Semiconductor Inc., LG Electronics Inc., Samsung Electronics Co. Ltd. and Silicon Image Inc. announced the formation of an industry consortium that promotes Serial Port Memory Technology (SPMT) for market adoption as an industry standard. LG Electronics, Inc., in April 2009, has launched an office in Moscow after merging with Russian boutique Aurora. The base, which would focus on M&A, corporate, securities, banking and finance and bankruptcy, would be led by LG London-based corporate and finance partner. The company's and NComputing, Inc. have formed a strategic partnership to produce a new category of LCD monitors that integrates NComputing's virtual desktop technology. In January 2010, Viking Range Corporation and LG Electronics Inc. announced they have entered into a strategic alliance relating to product cross-sourcing and joint procurement opportunities, shared R&D and service resources, as well as expanded distribution. History LG Electronics, Inc. was founded in 1958.
lg electronics-pref (066575:Korea SE)
Phone: 82 2 3777 3309
Fax: 82 2 3777 5304www.lg.com
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