LG Electronics, part of the LG Group corporation, is a multinational electronics company headquartered in Seoul, South-Korea. The company was founded in 1958 with the name GoldStar and renamed to LG Electronics after merging with Lucky Chemical in 1995. LG is considered one of the leading consumer electronics companies in the world —with around 55 billion U.S. dollars in global revenue. South Korea, North America and Asia make up the companies’ most important markets, with more than two thirds of its revenue coming from these regions.
The company is currently comprised of four business segments: Home Entertainment, Mobile Communication, Home Appliance & Air Solution, and Vehicle Components. LG’s Home Appliance & Air Solution segment alone generated over 17 billion U.S. dollars in revenue in 2018, making it LG’s largest business segment, followed by Home Entertainment, which also brought in well over 10 billion dollars in revenue. In that same year, LG Electronics also maintained its position as one of the largest manufacturers of LCD TVs. Smartphones are also an important part of LG Electronics’ product portfolio as the company sold 55.7 million units worldwide in 2017, a share of about two percent of the global smartphone market.
In the domestic market, LGs biggest competitor is Samsung Electronics, a similar Korean consumer electronics giant which focuses on many of the same products. Both companies have highly competitive product lines across a variety of appliances, such as refrigerators, washing machines, and air conditioners. The high level of competition that exists in their own domestic market ensures that both companies are prepared for the highly competitive international markets.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.
In the following 4 chapters, you will quickly find the 33 most important statistics relating to "LG Electronics".