LG ANNOUNCES FIRST-QUARTER 2017 FINANCIAL RESULTS

A picture of LG Twin Towers in the daytime

LG Electronics Sees 10 Percent Jump in Sales and Highest Operating Income Since 2009

SEOUL, Apr. 27, 2017 ― LG Electronics Inc. (LG) today announced first-quarter 2017 revenue of KRW 14.66 trillion (USD 12.70 billion), an increase of 9.7 percent from the same period last year. LG nearly doubled its operating income to KRW 921.5 billion (USD 798.3 million) with the Home Appliance & Air Solutions Company posting its highest quarterly operating income in eight years.

LG Home Appliance & Air Solution Company reported a 10 percent increase in first-quarter sales from the same period a year earlier and 15 percent higher than the previous quarter. Revenues of KRW 4.64 trillion (USD 4.02 billion) reflected strong performance in Asia and Latin America. Domestic sales were 33 percent higher year-over-year due to strong performance by TWINWash washing machines, air conditioners and some refrigerators, as well as the company’s newest premium LG Styler clothes management system and air purifiers. As LG enters the peak season, the company foresees an improvement in the business environment across much of Asia and Latin America, two key growth markets.

LG Home Entertainment Company recorded its highest first-quarter operating margin of 8.8 percent on sales of KRW 4.33 trillion (USD 3.75 billion), largely due to expanding sales of premium products, improved cost structure and a more flexible strategy to deal with the increase in panel prices. The company expects TV demand in the next quarter to remain positive due to opportunities in North America, Latin America and Asia, led by the growing popularity of premium LG OLED and Ultra HD TV products and the rollout of the new LG SIGNATURE OLED TV W.

LG Mobile Communications Company reported revenues of KRW 3.01 trillion (USD 2.61 billion), an increase of 4 percent quarter-over-quarter and 2 percent year-over-year, driven by the launch of the flagship LG G6 smartphone and new mass-tier models. The company reported smartphone shipments of 14.8 million units this quarter, up 10 percent from the first quarter of last year in large part due to the Americas. While effects of last year’s reorganization are beginning to bear fruit, price competition in the mass-tier segment and competition from other flagship models are expected to increase this year.

LG Vehicle Components Company reported strong sales of KRW 876.4 billion (USD 759.2 million), a 48 percent increase from the first quarter of 2016 thanks in large part to the successful collaboration with General Motors on the popular Bolt electronic vehicle. Continued investments in R&D and growth are expected to continue to affect profitability this year.

2017 1Q Exchange Rates Explained

LG Electronics’ unaudited quarterly earnings results are based on IFRS (International Financial Reporting Standards) for the three-month period ending March 31, 2017. Amounts in Korean won (KRW) are translated into U.S. dollars (USD) at the average rate of the three-month period of the corresponding quarter — KRW 1,154.32 per USD.

Earnings Conference and Conference Call

LG Electronics will hold an English language conference call on April 28, 2017 at 09:00 Korea Standard Time (00:00 GMT/UTC). Participants for the English conference call are instructed to call +82 31 810 3061 and enter the passcode 9084#. The corresponding presentation file will be available for download at the LG Electronics website (www.lg.com/global/ir/reports/earning-release.jsp) at approximately 16:00 on April 27, 2017. Visit http://pin.teletogether.com/eng and pre-register with the passcode provided. For those unable to participate, an audio recording of the news conference will be available for a period of 30 days after the conclusion of the call. To access the recording, dial +82 31 931 3100 and enter the passcode 142850# when prompted.

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LG BEGINS ANDROID WEAR 2.0 UPDATE FOR LG G WATCH R, WATCH URBANE, AND WATCH URBANE 2ND EDITION

Four models from LG’s smart watch lineup with message announcing availability of Android Wear 2.0 update

Three LG’s smartwatches: G Watch R, Watch Urbane and Watch Urbane 2^nd Edition have begun update to the Google’s latest smartwatch OS, Android Wear 2.0 sequentially. While Android Wear 2.0 was rolled out to the LG G Watch R and LG Watch Urbane from last week, Watch Urbane 2^nd Edition expects to be updated in the beginning of May.

All three wearable devices will now come with pre-installed Android Wear 2.0 App store that will allow users to download apps directly from the on-watch Google Play Store. In addition, these devices will have the new OS features like an improved user interface, enhanced messaging, and the Google Assistant built-in.

Android Pay will be supported on Watch Urbane 2^nd Edition which is the only device to have NFC technology among the three smartwatches. (Android Pay is not available in all countries.)

LG AND TOKUJIN YOSHIOKA TAKE TOP AWARD AT MILANO DESIGN WEEK 2017

TOKUJIN YOSHIOKA and the team celebrate their exhibition, “TOKUJIN YOSHIOKA x LG: S.F_Senses of the Future,” winning the top prize at Milano Design Award 2017.

Exhibition “TOKUJIN YOSHIOKA x LG: S.F_Senses of the Future”
Recognized by International Jury of Peers at World’s Largest Design Event

MILAN, Apr. 7, 2017 — LG and world-renowned designer Tokujin Yoshioka took the top prize at Milano Design Award 2017 for the collaborative art installation, TOKUJIN YOSHIOKA x LG: S.F_Senses of the Future. The large-scale light installation was praised by Milan Design Week’s judging panel for its “ability to synthesize the conceptual, technological, narrative and emotional aspects in one single project.” The installation is on exhibit until 9 April at Superstudio Più in Milan.

TOKUJIN YOSHIOKA x LG: S.F_Senses of the Future combines LG’s cutting-edge technology with Tokujin Yoshioka’s groundbreaking experimental designs to illustrate humanity’s relationship with the natural world and to illuminate LG’s human-centric design philosophy. The exhibition consists of two parts, S.F chairs alongside Wall of the Sun, and artfully taps into the innovative properties of LG’s OLED display and lighting technologies.

“This is a tremendous honor for us as we are immensely proud of the exhibit we designed for Milano Design Week this year,” said Tokujin Yoshioka. “The collaboration with LG and their unique technology was a special experience for me and this recognition make the effort that much more rewarding.”

“As the center of the design world, hundreds of thousands of design enthusiasts visit Milan every year looking for upcoming trends and we are extremely proud to be a part of that narrative,” said Noh Chang-ho, head of corporate design at LG Electronics. “To receive this honor in the design capital of the world is humbling and truly rewarding.”

More information on TOKUJIN YOSHIOKA x LG: S.F_Senses of the Future can be found at www.LGnewsroom.com/SF.

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LG RELEASES PRELIMINARY EARNINGS FOR FIRST-QUARTER 2017

SEOUL, Apr. 7, 2017 — LG Electronics Inc. (LG) today announced its preliminary earnings results for the first quarter of 2017.
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Tentative consolidated revenues for the first quarter of 2017 is KRW 14.7 trillion and operating profit is KRW 921.5 billion. Revenues are expected to be 9.7 percent higher and operating profit 82.4 percent higher than the same period the year prior

(Unit: KRW bn)

	2017 1Q	2016 4Q	QoQ (%)	2016 1Q	YoY (%)
SALES	14,660.5	14,777.7	-0.8	13,362.1	9.7
OPERATING PROFIT	921.5	-35.2	N/A	505.2	82.4

These figures are the tentative consolidated earnings based on K-IFRS. This tentative earnings is provided as a service to investors prior to LG Electronics’ final earnings results including net profit and details regarding each division which will be announced officially later this month.

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LG COMMENCES GLOBAL ROLLOUT OF HIGHLY ANTICIPATED, HIGHLY PRAISED G6

A man holds the LG G6 in Ice Platinum against the New York skyline, showing off the back side of the device

First Global Flagship Smartphone to Ship in 2017, Featuring
FullVision Display, Solid Metal Build and One-handed Usability

SEOUL, Apr. 6, 2017 — Following the initial rollout in its home country of South Korea, LG Electronics (LG) announced the commencement of shipment of its highly praised LG G6 smartphone to international markets this week, including key countries in North America, Asia, Europe, Central and South Americas over the course of the next several weeks. Nearly 200 carriers and operators worldwide will be making the LG G6 available to their local customers.

The LG G6 received many positive reactions at Mobile World Congress 2017 earlier this year, winning an unprecedented 36 awards from various industry publications. With a design based on delivering what everyday consumers wanted from their smartphones, the G6 features an unprecedented 5.7-inch display in a compact 5.2-inch body with minimal bezels for convenient one-handed operation without sacrificing screen real estate. With an immersive FullVision display that supports both Dolby Vision and HDR10, the LG G6 is compatible with more HDR content than any smartphone currently available. And the unique 18:9 screen aspect ratio of the FullVision display allows the screen to be divided into two identical perfect squares, ideal for multi-tasking with the G6’s camera UX, which was developed with social media users in mind.

For many customers, LG’s reputation and heritage of excellence in smartphone photography is what separates its phones from the competition. LG takes photography to the next level once again with a wide angle front-facing camera to complement the wide angle dual camera setup on the rear. The 125-degree lens on the back delivers crisp, panoramic image with less edge distortion than before and switching between the wide and standard lenses is smooth and seamless. And the 5MP 100-degree field of view front camera allows for large group shots without the need to tote around a cumbersome selfie stick.

Sculpted from a blend of high quality metal and smooth glass, the LG G6 is a minimalist’s dream. But the aesthetic beauty doesn’t sacrifice durability, as the phone’s rounded edges provide optimal impact resistance. Protection from the elements is guaranteed as the LG G6 meets the IP68 standard for water and dust resistance. And with Google Assistant available right out of the box, useful information is never far away.

Moreover, the LG G6 has the distinction of having met and passed the MIL-STD 810G standard for durability, conducted by independent testing and certification firm MET (Maryland Electrical Testing) Laboratories. The G6 passed the following 14 tests, the most categories among smartphones tested: Low Temperature, High Temperature, Humidity, Vibration, Solar Radiation, Low Pressure, Sand and Dust, Immersion, Temperature Shock, Salt Fog and Rain. Tough enough to be carried on actual military drills and missions, customers of the LG G6 have one less thing they need to worry about.

“The initial reaction and feedback to the G6 has exceeded our expectations by far,” said Juno Cho, president of LG Electronics Mobile Communications Company. “We had a lot of ground to make up with the G series and what we learned from consumers in the past year has truly been inspiring and illuminating.”

Prices and exact dates of availability will be announced locally in each market at the time of launch.

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[VIDEO] MDW 2017: MAKING

https://vimeo.com/211687078

[VIDEO] SENSES OF THE FUTURE AT MILANO DESIGN WEEK 2017

https://vimeo.com/211642714

STUDENTS BRING FRESH PERSPECTIVE ON INNOVATION IN LG’S HR GARAGE PROGRAM

International students participating in LG’s HR Garage Program sit for a group photo

Although Amazon, Google and Disney are some of the most dominant companies in their respective industries, each traces its origin to a great idea, dedicated friends and a spare garage. While each of these firms now operates from within sleek, ultramodern campuses, each traces its drive and vision back to the garages that they were founded in. Because most houses in Korea lack garages, LG Electronics has provided its HR Garage competition as a vital proving ground for the next generation of business solutions from students at the country’s elite universities.

Held from March 31 – April 1 at LG Digital Park in Pyeongtaek, Korea, HR Garage was LG’s innovative contribution to the B2B landscape of the future. Featuring international students from Seoul National University, Yonsei University, Korea University, Sungkyungkwan University and Pusan National University, participants were encouraged to “think big” in order to find global solutions for today’s biggest problems.

LG launched an engaging social media campaign to connect with the more than 100,000 international students in Korea. These participants were asked for their input on how best to create an appealing organization for future Generation Z employees born after 2000.

The 16 students on the four finalist teams participated in a two-day Grand Final event at LG’s Corporate Learning Center in Pyeongtaek. Each team pitched their proposal to a panel of judges who appraised their proposals based on their feasibility, innovation and insight as well as the quality of the team’s analysis and overall presentation.

Ultimately, the proposal submitted by the team “Nutz n Boltz” from Yonsei University’s Global MBA program was selected as the most innovative and insightful, winning LG prizes in addition to the opportunity to have their idea implemented across the globe. In his closing keynote speech, LG Global HR corporate vice president Oliver Grohmann thanked all participants for their innovative thinking and creativity.

“Organizations like LG need to listen to intelligent, tech-savvy and creative thinkers from the next generation,” said Oliver Grohmann, corporate vice president of Global HR at LG. “This event doesn’t stop here. We look forward to hearing more and more great ideas from the future of our global workforce. Life’s good when we bring outside ideas in.”

“It was a great experience to participate in such a unique case competition,” said Nutz n Bolts team member Melinda Neal, a student from the United States. Yonsei University student and winner Carlos Salazar of Peru added that the event not only provided an opportunity to share his ideas but also sparked an interest in the B2B industry. Liu Yao, a Chinese student at Seoul National University, said the two-day competition was a great opportunity to meet talented students from all over the world and to experience what it would be like to work for an international organization. “Well organized, efficient and meaningful. I really appreciate LG for providing this valuable opportunity,” she added.

By embracing the next generation of dynamic B2B business solutions from students and other outside-the-box thinkers, LG is demonstrating its commitment to finding radical approaches that will allow the company to continue growing in today’s increasingly competitive market.