LG Electronics is a major South Korean electronics manufacturer producing home appliances, automobile devices, home entertainment devices, and mobile phones. LG Electronics is part of the LG Corporation, one of the largest Korean conglomerates. As of 2019, LG Electronics employed nearly forty thousand people, with over a quarter of them in the home appliances and air solutions (H&A) division. In the same year, the global revenue of LG Electronics amounted to 56.5 trillion South Korean won, about 55.76 billion U.S. dollars.
Home Appliances Take LG to the Top
The main products of the home appliances and air solutions (H&A) division are home appliances such as refrigerators, washing machines, air conditioners, and vacuum cleaners. LG Electronics’ home appliances were the best-selling products by sales value in the first half of 2019, beating out the long-time champion, Whirlpool. This success can be attributed to LG’s accomplishment in producing higher quality products and the development of new appliances such as special wardrobes that clean or deodorize clothes, wireless vacuum cleaners, and air purifiers. However, factors outside of LG’s control, such as the ongoing trade war between the United States and China, is expected to negatively impact LG’s future sales figures.
LG and the Top Korean Companies
LG was the fifth-ranking Korean company by revenue in 2019, according to the Fortune Global 500. With revenues of nearly 56 billion U.S. dollars, Fortune put LG Electronics in 185th place. Samsung Electronics was the top Korean company on the list, in 15th place with about 222 billion dollars in revenue.
LG Electronics' number of employees in 2019, by sector
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DART. (March 30, 2020). LG Electronics' number of employees in 2019, by sector [Graph]. In Statista. Retrieved May 24, 2022, from https://www.statista.com/statistics/686961/lg-electronics-employee-number-by-position-south-korea/
DART. "LG Electronics' number of employees in 2019, by sector." Chart. March 30, 2020. Statista. Accessed May 24, 2022. https://www.statista.com/statistics/686961/lg-electronics-employee-number-by-position-south-korea/
DART. (2020). LG Electronics' number of employees in 2019, by sector. Statista. Statista Inc.. Accessed: May 24, 2022. https://www.statista.com/statistics/686961/lg-electronics-employee-number-by-position-south-korea/
DART. "Lg Electronics' Number of Employees in 2019, by Sector." Statista, Statista Inc., 30 Mar 2020, https://www.statista.com/statistics/686961/lg-electronics-employee-number-by-position-south-korea/
DART, LG Electronics' number of employees in 2019, by sector Statista, https://www.statista.com/statistics/686961/lg-electronics-employee-number-by-position-south-korea/ (last visited May 24, 2022)