LG Electronics number of employees 2021, by sector
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 fourth-ranking Korean company by revenue in 2021, according to the Fortune Global 500. With revenues of nearly 54 billion U.S. dollars, Fortune put LG Electronics in 192th place. Samsung Electronics was the top Korean company on the list, in 15th place with about 201 billion dollars in revenue.