LG Corp - Company Profile
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Business Description
LG Corp (LG Corp) is an industrial conglomerate that offers television and home entertainment products, kitchen and laundry products, computers, air conditioners and solar panels. The company manages equity investment portfolios on a corporate level and allocates resources to subsidiaries. It also offers petrochemicals, advanced materials, life sciences, and batteries for automotive, mobility and IT, and energy storage systems. It also provides consumers with daily necessities, cosmetics, and beverages. LG offers communication products and services, such as mobile, home, electronic device, and corporate, and IT services.
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R&D Overview
LG Corp’s R&D arm focuses on developing new products based on emerging technologies. It continues the development of Phase II blocks LG Art Center and LG Discovery Lab. The company, work together to contribute to the growth of LG and which leads to open innovation, digital transformation, and preparation of future R&D. R&D experts at the company’s research facility LG Sciencepark in Gangseo-gu, Seoul, are involved in various research activities in diverse areas, including electronics, biotechnology, chemical, software and telecommunications. It operates R&D complex and 20,000 people for R&D activities, from eight LG affiliate companies, partner firms and startups. In FY2024, the company incurred expenses of KRW51,135 million on R&D activities, which as a percentage of revenue, stood at 0.7%.
Business Segments
Overview
Operates its business through subsidiaries including Mirae M, D&O Cm, D&O Cm Nanjing, D&O Cm Poland Sp. Z O. O, D&O CM AMERICA, INC. and D&O Cm Vietnam Co., Ltd.
Performance
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Overview
Operates its business through various subsidiaries including LG CNS Co., Ltd, LG CNS China, Inc, LG CNS Europe B.V, LG CNS America, Inc, LG CNS India Pvt., Ltd, PT LG CNS Indonesia, LG CNS Brasil Servicos de T.I. Ltda., BizTechPartners Co., Ltd, LG CNS Colombia SAS, LG CNS Malaysia Sdn Bhd, LG CNS Japan Co., Ltd, LG CNS Uzbekistan, LLC, Haengbokmaru Co., Ltd, LG CNS Vietnam Co., Ltd, LG CNS Fund LLC, Open Source Consulting Inc, RightBrain Co., Ltd., Biztech On Co., Ltd., LG CNS FUND II LLC ad GT INNOVISION CO., LTD.
Performance
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Overview
Operates its business through LG Sports Ltd., LG Holdings Japan Co., Ltd., LG Management Development Institute.
Performance
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Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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