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South Korea's LG Group - statistics & facts

The South Korean LG Group, one of the four most successful family-run conglomerates in South Korea alongside Samsung, Hyundai, and SK, is primarily known for its electronics and display products worldwide. With the launch of the holding structure, LG Corporation was established with each of LG’s subsidiaries operated independently. As of 2019, there were 12 listed and 55 unlisted companies under LG Corporation. The main source of LG Group's income was still derived from LG Electronics while the chemical sector represented by LG Chem marked a significant growth.

LG Group's electronics sector was founded in 1958 and is named LG Electronics. In 2019, the revenue of LG Electronics amounted to around 55.8 billion U.S. dollars and the home appliance and air solution segment was the largest business sector. Its representative products are consumer electronics including televisions, smart devices, and white goods such as refrigerators, washing machines, and air conditioners. The company has recently been developing its future technology in various business areas, with a focus on vehicle components. Its revenue from automotive electronic sales has increased dramatically every year and was around 5.5 trillion South Korean won in 2019.

During the last two decades, LG Display has taken over the display industry as the leading maker. As of 2019, LG Display had a sales revenue of 23.5 trillion South Korean won and its main products were display panels for televisions and mobile devices. Recently, LG Display has shifted its focus to producing OLED panels for the automotive and aircraft industry. Along with LG Electronics and LG Chem, the revenue generated by LG Display plays an essential part in the financial status of LG Corporation.

LG Chem is Korea’s largest chemical company and one of the leading chemical companies in the world with a revenue of about 28 trillion South Korean won. LG Chem relies heavily on its petrochemical business, but it also operates in other sectors, notably the battery sector. The battery sector has seen a steady increase in its sales revenue over the last five years. LG’s batteries are used in smartphones and laptops, with larger automobile batteries supplying major automakers, and energy storage systems (ESS).

LG Corporation merged several fragmented departments related to telecommunications in 2010. The business was then succeeded by LG U+ which is one of the major carrier service providers in South Korea. LG U+ built the world's first nationwide LTE network in 2012 and 3-band CA commercial networks in 2014. Now, as one of the 5G operators in South Korea, LG U+ has secured around 25 percent of 5G subscriptions and now focuses on discovering various content based on 5G technology.

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South Korea's LG Group

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