LG TO SHOWCASE FULL LINEUP OF TOTAL CLOTHING CARE SOLUTIONS AT IFA 2016

Innovative Appliances Cover All Consumer Needs
from Washing and Drying to Sanitizing

LG Styler and set of TWINWash™ washing machine and dryer fitted into a utility room.

SEOUL, Aug. 25, 2016 — LG Electronics (LG) will showcase its latest innovations in clothing care technology at IFA 2016. Featured among the lineup will be an all new TWINWash™ washing machine along with the efficient and durable Centum System™ washer, LG SIGNATURE washer-dryer and the LG Styler.

LG’s redesigned 12kg capacity TWINWash is aesthetically related to the ultra-premium LG SIGNATURE washing machine. The roomy main washer handles the bulk of the laundry, while the TWINWash Mini can be set to run a different, smaller wash cycle. The ergonomic and elegant unit features a full touch LED display embedded in the glass door and sleek black tempered glass on the exterior which repels fingerprints and corrosion.

For consumers who put a premium on energy-efficiency and durability, LG’s Centum System lineup of washers, dryers and washer-dryer combinations is a great solution. Both the washer and the dryer offer energy efficiency ratings of A+++ -60% and A+++ -10%, respectively. With a new damping system consisting of shock and vibration absorbers, the Centum System washer’s noise level in spin mode is a very low 67dB1. The low vibration Inverter Direct Drive motor at the heart of Centum washing machines is backed by an industry leading 20-year warranty.

The LG SIGNATURE washer-dryer employs the first inverter heat pump technology in the industry to achieve energy efficiency of A-50% without impacting cleaning performance. And with the SmartThinQ Wi-Fi Control app, LG SIGNATURE washer-dryer owners can get updates on the completion or progress of wash cycles via their smartphones.

The second generation LG Styler with LG TrueSteam™ technology sanitizes clothes, removes wrinkles and unpleasant odors with ease, leaving clothes smelling fresh. Another convenient feature, Moving Hanger, gently shakes clothes to further eliminate wrinkles during the steam cycle. And with Easy Pants Crease Care, your slacks will always look like they came straight from the dry cleaner.

“The living solutions we’ll be bringing to IFA this year takes personal clothing care to the next level, from washing to drying and even sanitizing,” said Simon Jeon, senior vice president of the washing machine division at LG Home Apliance & Air Solution Company. “This is the kind of innovative approach that has propelled LG to the head of the global home appliance industry.”

Visitors to the LG booth in Hall 18 of Messe Berlin during IFA 2016 will have a chance to experience the new clothing care products firsthand.

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1 Tested by LG lab in accordance with IEC standards. Based on a 12kg load of laundry on Cotton Large cycle spinning at 1400RPM.

 

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LG SIGNATURE TO MAKE EUROPEAN DEBUT AT IFA 2016

LG SIGNATURE Products Showcased with Art Pieces
in Beautifully Constructed Architecture

A mockup of the IFA 2016 ‘LG SIGNATURE GALLERY’ to mark the brand’s European debut.

SEOUL, Aug. 25, 2016 — LG Electronics will launch its premium brand, LG SIGNATURE, to European customers via an art exhibition at IFA 2016 in Berlin. Titled The Art of Essence, the gallery on the grounds of Messe Berlin will represent LG SIGNATURE’s design philosophy and the products’ core essence of sophistication and class.

To introduce the LG SIGNATURE brand to Europe in a unique and artistic way, LG partnered with accomplished artists and architects who could help tell the LG SIGNATURE story in an interesting style. The art pieces as a backdrop for the products are the result of LG’s collaboration with London based collective, Jason Bruges Studio.

Jason Bruges Studio is internationally renowned for producing innovative installations, interventions and ground breaking works. Considered a pioneer of this hybrid in-between space, Jason Bruges Studio has created aesthetical and physical metaphors for the LG SIGNATURE products. Drawing on this experience, Jason Bruges Studio thoughtfully crafted a multisensory and dynamic experience that conveys each LG SIGNATURE product’s essence into lighting, movement and sound.

“LG SIGNATURE was conceived with the idea of bringing out each product’s essence so it is quite fitting that the European debut of this collection takes place in an artistic setting,” said Brian Na, global marketing officer at LG Electronics. “We’re very fortunate to have accomplished artist Jason Bruges’ creations in this unique space as a backdrop for launching our most premium brand in Europe”.

Bruges’ contributions to the exhibition establishes an artistic mood that serves to position LG SIGNATURE as a brand that appeals to the refined sensibilities of consumers who want the very best out of life. The LG SIGNATURE gallery will be located in a 1,375m2 area of the garden adjacent to LG’s booth in Hall 18 of Messe Berlin to be open to all IFA attendees.

“I was excited to work on this art project because I was inspired by the minimalism of the products and by the phenomena and basic essence by which they function,” said Bruges. “By reinterpreting each product using aspects of timeless aesthetics, it is my hope that we were able to capture the artistic qualities of each of these beautiful appliances.”

For more information on LG SIGNATURE gallery and LG’s newest premium brand, please visit https://youtu.be/_0YdVID7r14 and www.LGSIGNATURE.com.

 

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LG AND B&O PLAY COLLABORATE TO BRING PREMIUM AUDIO EXPERIENCE TO V20

Renowned Acoustic Performance of B&O PLAY with Advanced
Smartphone Technology of LG for a Winning Audio Experience

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SEOUL, Aug. 24, 2016 — LG Electronics (LG) revealed today that its upcoming LG V20 smartphone will feature best-in-class audio functions developed in partnership with B&O PLAY. B&O PLAY is a premium audio company making portable audio products and headphones, firmly grounded in 90 years of audio and design excellence, craftsmanship and product innovation from Bang & Olufsen.

LG and B&O PLAY worked closely together to bring the best sound to users by optimizing the audio capabilities of the V20 smartphone. Acoustic engineers collaborated to achieve B&O PLAY’s philosophy of delivering a natural and balanced sound in a portable package. To enhance the total experience, the V20 set will include a special pair of B&O PLAY earphones and a set of wallpapers designed for V20 which includes the official logo of B&O PLAY, as a certification of B&O PLAY premium audio.

“The collaboration with LG provides a wonderful opportunity to showcase B&O PLAY’s expertise in terms of audio technology, design excellence and user-centered philosophy,” said Henrik Taudorf Lorensen, president of B&O PLAY. “With the new LG V series smartphone, users will experience a new premium sound experience that they have never heard before.”

“I’m pleased about our close partnership with B&O PLAY which started earlier this year with Hi-Fi Plus with B&O PLAY and continues today with the V20,” said Juno Cho, president of LG Electronics and Mobile Communications Company. “A growing number of consumers expect a better audio experience from their smartphones than what has been available in the past and I’m confident that the V20 delivers on these expectations.”

 

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LG SHOWCASES LATEST AIR SOLUTIONS AT IFA 2016

New Air Solutions Offer Outstanding Energy Efficiency
Alongside Powerful Performance and Cleaner Air

Side view of LG DUALCOOL air conditioner

SEOUL, Aug. 24, 2016 — LG Electronics (LG) will unveil its latest air solutions including residential air conditioners (RAC) and air purifier for the first time in Europe at IFA 2016. From the efficient DUALCOOL to the high performance air purifier, LG will be introducing customized home solutions for all European customers who value both efficiency and performance.

Faster Cooling and Outstanding Energy Efficiency with DUALCOOL

LG’s DUALCOOL is the first air conditioner to utilize LG’s energy-efficient Dual Inverter Compressor™ for energy savings without sacrificing cooling performance. Verified by the world-renowned testing organization TÜV Rheinland, the Dual Inverter Compressor allows LG DUALCOOL to consume up to 70 percent less electricity while providing up to 40 percent faster cooling than typical non-inverter RACs.1 LG’s advanced compressor technology also enables DUALCOOL to operate at exceptionally low noise levels, ideal for apartments. The reliable Dual Inverter Compressor is backed up by a 10-year warranty, one of the best in the industry. And DUALCOOL expertly balances form and function with its slim and clean design that blends in with any interior décor increasing installation flexibility.

Creating a Healthy, Clean Home Environment

LG’s Air Purifier has a unique 360 degree design as well as Clean Booster capabilities that combine to create a healthy, comfortable indoor environment by removing invisible pollutants from the air. Its Clean Booster feature allows the purifier to eliminate pollutants faster over a wider area than conventional models. The Air Purifier’s ergonomic and omni-directional design reduces the amount of time required to clean an entire room. What’s more, the Baby Care feature generates a gentle airflow to create the ideal atmosphere for infants and toddlers.

The user-friendly Smart Indicator and Smart Lighting features enable users to monitor air conditions inside the home in real-time. Smart Indicator provides accurate air quality readings on a crystal-clear display, enabling users to easily monitor changes in air quality over time. Smart Lighting uses four differently colored lights to monitor air quality, allowing owners to check the air quality at a glance. The Air Purifier utilizes an advanced sensor to detect fine particles of less than 1.0 micrometer in diameter.

“Our stylish new air solution products are more efficient, perform better and are more family friendly than anything we’ve introduced before at IFA,” said Jo Seong-jin, president of LG Electronics and Home Appliances & Air Solution Company. “European consumers set the standard when it comes to energy efficiency and performance so IFA has become a bellwether for us in introducing advanced new appliances.”

Visitors to the LG’s booth in Hall 18 of Messe Berlin during IFA 2016 will have a chance to experience the new products firsthand.

 

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Based on LG Electronics internal test methods, air conditioner models (US-W242K series) with Dual Inverter Compressors were tested next to air conditioner model TS-H2465DA0 with constant-speed compressor.

 

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LG’S NEW BLUETOOTH SPEAKERS DESIGNED FOR ACTIVE LIFESTYLE AUDIOPHILES

From Bedside to Campsite, the Perfect Audio Solution for Any Situation

A collection of LG Bluetooth speakers.

SEOUL, Aug. 23, 2016 — Equipped with a number of cutting-edge features and boasting sleek, innovative designs, LG Electronics’ newest Bluetooth speakers (models PH1, PH2, PH3 and PH4) deliver the ideal audio solution for a diver range of listening environments, indoors and out.

Listeners prioritizing portability and rugged durability will be drawn to the PH2 and PH4. Weighing only 167 grams, the compact, splash-proof PH2 is designed to bring high-quality audio to even the most active users. This versatile speaker is ready for anything that users may throw its way, perfect for customers who enjoy the great outdoors. The more powerful PH4 speaker is perfectly suited for outdoor gatherings such as campouts or poolside barbeques where powerful sound is required. Delivering complex, powerful and rich sound while maintaining portability and flexibility, the PH4 is ideal for audiophiles who refuse to compromise.

Both the PH2 and PH4 boast a connected strap which makes it easy to attach the speakers to a variety of surfaces for added portability. Rain and splashes are no problem for either speaker due to their water resistant design that allows them to be taken almost anywhere. With 360 degree omni-directional output and Bass Boost, both speakers deliver crystal-clear sound in any setting. The Dual Passive Radiators featured in the PH4 increase sound quality and bass output unmatched by other similarly-sized speakers. LED indicators and a long lasting batteries (PH2: 6 hours, PH4: 10 hours) enhance portability and usability, making the speakers the natural choice for active customers.

Built to match any décor, the lights on the eye-catching PH3 help set the mood no matter where it is placed — from night tables to garden terraces. The unique candle-like PH3 comes in three colors and features five different multicolored lighting modes. This combination of rich audio and vibrant lights set it apart from the competition with illuminated music that reaches every corner of a room. And the speaker’s 10-hour built-in battery gives users an unprecedented degree of freedom.

All three speakers are equipped with auxiliary input ports to connect to devices without Bluetooth capability such as older MP3 and CD players. For newer devices, the speakers’ advanced Multi Point connectivity features allows for connection to two Bluetooth devices simultaneously.

The PH1 features built-in mood lighting and a five-hour battery, perfect for any room in the house. Lightweight and portable with Bluetooth and hands-free speakerphone capabilities, this speaker can also be used as a nightlight.

“At LG, we seek to develop products that fit the real life needs of consumers,” said Brian Kwon, president of the LG Home Entertainment Company. “With our diverse lineup of wireless speakers, I am confident consumers will be able to find the perfect audio solution for any setting.”

Visitors to the LG’s booth in Hall 18 of Messe Berlin during IFA 2016 will have a chance to experience the new products firsthand.

 

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LG EXPANDS MINIBEAM LINEUP WITH BRIGHTEST BATTERY-POWERED UST PROJECTOR

Leader in LED Projectors Sets Higher Standard in
Flexibility and Convenience with Newest Ultra Short-Throw

LG Minibeam projector model PH450U.

SEOUL, Aug. 18, 2016 — LG Electronics (LG), the world leader in LED projectors since 20081, expands its Minibeam line of portable projectors with the announcement of the advanced PH450U and extremely portable PH150G.

The PH450U is an Ultra Short-Throw (UST) model that creates a cinematic experience in the home or office without the complication and high price associated with other projectors in this category. With the ability to display a sharp 80-inch HD (1280 X 720) image from a distance of only 33 centimeters (13 inches) from the screen, the PH450U makes the benefits of UST projectors available to even customers with limited viewing space.

The PH450U can also be set upright on one end to render images on any flat, horizontal surface, allowing customers to turn desks, tables and even the floor into a movie screen. And with a rechargeable 2.5 hour battery, this miniscule projector is perfect for viewing movies far away from a power source.

Content also can be transferred to the unit via HDMI cable with MHL capability or via a USB drive. The PH450U delivers a lamp life of up to 30,000 hours so customers can enjoy 10 years of high contrast (100,000:1) and vivid LED color viewing enjoyment. What’s more, with 450 lumens — more than four times brighter than the closest competitor — the PH450U is the brightest battery-powered UST projector available in the market today.

The PH150G offers the same compact, sleek design of other LG Minibeam projectors in a package just half the size (115 x 115 x 44.5 mm) and weight (450g) as the PH450U. Both the PH150G and PH450U come with LG’s Triple Wireless feature for a viewing experience free of wired connections for power, audio and video source. With long-lasting rechargeable batteries, Wi-Fi Screen Share connectivity and Bluetooth compatibility, LG Minibeam projectors give users unprecedented freedom in a portable package.

“We are very pleased to announce these two new additions to our LG Minibeam collection,” said Brian Kwon, president of the LG Home Entertainment Company. “Both these advanced projectors demonstrate the extent of LG’s technological innovation and help cement our market leadership in this space by delivering the maximum in convenience, portability and usability to consumers.”

The PH450U will be available starting next month in Europe and North America while the PH150G will begin rolling out in target countries in North America, Europe and Asia with other markets to follow.

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1 Source: PMA Research for 2008-2015 projectors greater than 99 lumens.

 

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LG OLED TV WINS BIG AT EISA AWARDS 5 YEARS RUNNING

Praised for Picture Quality, Design and Smart Interface,
LG Once Again Impresses European Judges

LG Electronics’ (LG) OLED TV (model 65G6) named the best high-end TV in Europe for 2016 by the European Imaging and Sound Association (EISA).

SEOUL, Aug. 15, 2016 — For the fifth consecutive year, LG Electronics’ (LG) OLED TV was once again named the best high-end TV in Europe by the European Imaging and Sound Association (EISA). The EISA Awards are decided annually by a panel of experts from 50 multimedia magazines from 20 European countries who evaluate innovative products for their technological capabilities, design and innovation.

As the European High-End TV Award winner, LG SIGNATURE OLED TV (model 65G6), was cited as being “truly state-of-the-art” by the judges who were impressed by its ability to deliver perfect black for an incredible picture. The jury also commended LG SIGNATURE OLED TV for its support of both HDR10 and Dolby Vision™.

“We are honored to receive EISA’s most prestigious award for the fifth consecutive year and every award is just as rewarding as the previous one,” said Brian Kwon, president of the LG Home Entertainment Company at LG Electronics. “This recognition confirms our belief that LG SIGNATURE OLED TV is an outstanding feat of engineering with breathtaking picture clarity and revolutionary design.”

Another LG TV, LG UH770V SUPER UHD TV, was recognized with the European Smart TV Award for its impressive picture quality as well as for its intuitive webOS 3.0 user interface. LG’s mobile division also landed an award for its LG G5 smartphone, which received the European Mobile Innovation Award for its modular type design and full metal uni-body.

 

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LG V20, WORLD’S FIRST SMARTPHONE WITH QUAD DAC FOR BEST IN CLASS AUDIO

LG and ESS Technology Collaborate to Deliver One-of-a-Kind Audio Experience

LG-logo

SEOUL, Aug. 11, 2016 — LG Electronics (LG) announced that its forthcoming flagship smartphone, LG V20, will be the first smartphone in the industry to feature 32-bit Hi-Fi Quad DAC (digital to analog converter) capabilities, bringing a superior audio experience to mobile for the very first time.

A Quad DAC delivers a crisp and clear sound that comes closest to a live performance when using compatible wired headphones. The sound is superior to that produced by a traditional DAC as it can reduce up to 50 percent of ambient noise levels. Videos taken with the V20 are accompanied by a soundtrack that can capture the roaring sound of waves crashing on a beach or conversations among two individuals at a noisy party.

LG worked closely with ESS Technology, a leader in high-performance analog and audio devices, to ensure that the Quad DAC, delivered the best audio experience for owners of the LG V20. The Quad DAC is the lynchpin of the many cutting-edge multimedia features included in the LG V20. ESS Technology previously provided its 32-bit Hi-Fi DAC in the V10, LG V20’s predecessor.

“As smartphones mature, we’re seeing more and more customers looking beyond just fast processors and big displays in their devices,” said Juno Cho, president of LG Electronics and Mobile Communications Company. “Higher quality audio is simply the natural evolution of the smartphone, as the industry moves toward a more holistic multimedia consumption experience. We’re pleased to continue this long-term partnership with ESS and bring best in class audio to LG V20 users.”

“We are extremely excited that our Quad DAC technology will be featured in the V20, LG’s latest flagship smartphone for consumers who demand the best media experience,” said Robert Blair, president and chief executive officer of ESS Technology. “As a technology more typically available in high-end audio equipment, Quad DAC on the V20 will make users feel as if they are carrying around a professional home-audio system on their smartphone.”

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A PEEK INSIDE LG G5

Whether you feel that you’re ready for a modular experience on your smartphone, if the reaction at this year’s Mobile World Congress is any indicator, there’s no question that the concept has been on gadget aficianados’ minds for some time. While we still have a ways to go because we see phones that turn into robots (http://goo.gl/7CJ1xp), the era of modularly is certainly upon us, although it’s at a very nascent stage.
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If you’ve ever been curious about the inner workings of LG’s interpretation of a modular smartphone, you’ve come to the right place!

Battery and lower section of LG G5 modular smartphone being removed

The design of LG G5 makes it easy to access internal parts for fast and easy repairs. The G5’s main body and metal cover are connected with just a pair of screws. The middle frame and circuit board are connected by only six screws. The LG G5 was designed from the beginning to be easy to disassemble. Traditional smartphones use soldered parts because it’s cheaper and the connections are stronger. But soldered parts are also inherently difficult to take apart, even for service professionals.

All modular components of LG G5 laid out on flat surface

The brain behind the smartphone, the Qualcomm Snapdragon 820, is easy to spot when the main board is detached and the protective cover removed. This application processor sits next to a 32GB UFS (Universal Flash Storage) ROM, which reads and writes significantly faster than eMMCs and SD cards.

The Qualcomm Snapdragon 820 and 32GB Universal Flash Storage (UFS) ROM

The most notable thing when the G5 is disassembled is the smartphone’s two rear cameras and one front camera.

The LG G5’s two rear camera modules and front camera shown with other components

The 16-megapixel camera on the rear has a 78-degree normal angle view. There is an OIS (Optical Image Stabilization) feature on the right side of the camera that eliminates camera shake for high-quality photographs in low-light circumstances. The adjacent 8-megapixel camera offers a wide angle view of 135 degrees which is greater than that of the human eye. With this lens, you can include 70 percent more environmental information than smartphones with regular cameras from the same vantage point.

The LG G5’s two rear camera modules, and front camera module

The Fingerprint Scan Sensor sits in the middle, immediately below the dual camera lenses, the optimal location for one’s forefinger when using the smartphone.

Fingerprint-scanning sensor of LG G5 held by pair of tweezers

Separate the 3D Arc Glass from the frame and view it from the side. See the subtle break on the surface of the glass, the soft bezel curving at the top to give the LG G5 its distinctive and stylish appearance.
Side-on view of a man’s hand holding LG G5’s 3D Arc Glass

With its unique Modular Design, the LG G5 was recognized at MWC for representing the peak of innovation in smartphone design. Only time will tell how the smartphone evolves but based on early reactions, it seems safe to say that modularity will be with us for the long term.

 

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NEW LG V20 TO BE WORLD’S FIRST PHONE TO LAUNCH WITH ANDROID 7.0 NOUGAT

Successor to Acclaimed V10 Offers More Advanced Multimedia Features

LG-logo

SEOUL, Aug. 1, 2016 — LG Electronics (LG) confirms that its next flagship smartphone, LG V20, will be the first device to feature Android 7.0 Nougat out of the box. The LG V20 will begin shipping in the third quarter.

The LG V20 builds upon the premium and rich multimedia smartphone experience of last year’s LG V10. It will be tuned to take advantage of many of the best features of Nougat, including Vulkan-supported graphics for more immersive gaming while also delivering better battery performance with Doze. Consumers will also enjoy new productivity features such as Direct Reply, which lets users respond quickly to text messages or update tasks using the notification interface.

LG and Google have collaborated closely since the 2009 launch of the very first Android phone from LG based on Android 1.5 Cupcake. The two companies continued to collaborate on a series of Nexus smartphones starting with the Nexus 4 in 2012, which was shipped with Android 4.2 Jelly Bean, the Nexus 5 that was released in 2013 with Android 4.4 KitKat, and the Nexus 5X that was unveiled in 2015 featuring Android 6.0 Marshmallow. LG and Google have also teamed up to offer smart wearables such as LG Watch Urbane 2nd Edition, the world’s first and only Android Wear smartwatch with cellular-based connectivity.

“We are excited to offer the first phone in the world to feature Nougat out of the box,” said Juno Cho, president of LG Electronics and Mobile Communications Company. “The LG V20 upgrades and extends its predecessor’s cutting-edge multimedia features a step further, providing distinctive mobile experience and sets a new standard for premium phones for consumers.”

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LG BREAKS ANOTHER GUINNESS WORLD RECORDS™ TITLE THIS TIME WITH LIGHTBULBS

One way to demonstrate greatness is setting a Guinness World Records title. No one does this better than LG Electronics.

LG’s Guinness World Records title-winning light bulb-based display laid out on the floor of a large auditorium.

LG achieved another Guinness World Records title for largest image created using only lightbulbs to demonstrate the exceptional energy efficiency of its Centum System™ refrigerator.

A display showing ‘18,072’ – the number of individual fluorescent bulbs used to create a giant 12-meter-by-9.6-meter image

A total of 18,072 individual fluorescent bulbs were used to create a 12 meter by 9.6 meter image of gargantuan proportions depicting an LG Centum System refrigerator. The finished work of art shattered the previous record of 11,022 bulbs, set in 2014.

Illuminating the image for one hour required 198.8kWh of electricity, equivalent to what an A+++ -20% energy efficiency-rated Centum System refrigerator can save in a year compared to an A+-rated model. This is approximately the same amount of electricity required to power a vacuum cleaner five and a half hours per day for one year or to run a hair dryer approximately 30 minutes every day for nearly 18 years. These figures are based on the minimum energy required for the LG GBB60 series to achieve A+ and A+++ -20% energy efficiency ratings (based on EU Regulation No. 1060/2010).

LG personnel working with mosaic artist Serge Belo, and media artist group Everyware, to build the gargantuan image

Teaming up with mosaic artist Serge Belo and media artist group Everyware, LG designed and built the image in a 48-hour process that involved adding color filters to each individual bulb.

Several people working on constructing the bulb-based display in a large auditoriumThe lightbulb image marks the second Centum System-related Guinness World Records title set this year. In April, LG proved the stability of the washing machine by constructing the tallest house of ordinary playing cards on top of the washing machine while spinning at 1,000 RPM.
The completed display, made of bulbs from LG Centum System™ refrigerator, showing various fruit and the LG logo

 

LG ANNOUNCES IMPROVED SECOND-QUARTER 2016 FINANCIAL RESULTS

 Home Appliance and Home Entertainment Units Again Post Record Quarterly Profits

A picture of LG Twin Towers in the daytime

SEOUL, July 28, 2016 — LG Electronics Inc. (LG) today announced second-quarter 2016 operating income of KRW 584.6 billion (USD 503.10 million), nearly 140 percent higher than the previous year, from strong performance by the Home Appliance & Air Solution and Home Entertainment companies, both reporting the highest quarterly operating profit in LG’s history. Global consolidated revenues of KRW 14 trillion (USD 12.05 billion) increased both year-on-year and quarter-on-quarter.

LG Home Appliance & Air Solution Company accounted for the largest share of the second quarter’s operating profit with KRW 433.7 billion (USD 373.24 million). Revenues of KRW 4.70 trillion (USD 4.04 billion), an increase of 4.8 percent from the second quarter last year, were driven by growth in B2B sales of air conditioning systems and strong overall performance in Korea, Europe and Asia. With an improved product portfolio and cost structure, the business unit was able to achieve an operating margin of more than 9 percent. Going forward, premium products such as the LG SIGNATURE collection, TWINWash and LG Styler are expected to contribute positively to the performance of the company.

LG Mobile Communications Company saw revenues of KRW 3.33 trillion (USD 2.86 billion) increase 12 percent from the first quarter, while declining from the same period the year before. An operating loss of KRW 153.5 billion (USD 132.10 million) reflected increased marketing expenditures and somewhat slow initial sales of G5 smartphone. Overall smartphone shipments increased 3 percent from the previous quarter with a total of 13.9 million smartphones shipped in the second quarter. The launch of the new V series and expanding sales of mass-tier K and X series models are expected to improve the business unit’s performance next quarter.

LG Home Entertainment Company reported a record KRW 356.7 billion (USD 306.97 million) in operating profit on revenues of KRW 4.16 trillion (USD 3.58 billion), a 5.7 percent increase from the 2015 second quarter, in large part thanks to the growing market for premium TVs. An increase in sales of higher-end ULTRA HD and OLED TVs and improved cost structure management contributed to an operating margin of 8.6 percent, the highest in the history of LG’s home entertainment division. The business unit will continue to benefit from the growing UHD and OLED TV markets and cost competitiveness, although cost increases for flat-panel components may affect profitability.

LG Vehicle Components Company reported sales of KRW 639.6 billion (USD 550.4 million), an increase of 42 percent from the same period the previous year, thanks to high growth in the automotive infotainment sector. Increased R&D investments in infotainment and electric vehicle technologies, however, contributed to an operating loss of KRW 16.8 billion (USD 14.46 million) in the quarter. The outlook for LG’s automotive component business is positive with production of components for the Chevrolet Bolt electric vehicle commencing in the third quarter.

2016 2Q Exchange Rates Explained

LG Electronics’ unaudited quarterly earnings results are based on IFRS (International Financial Reporting Standards) for the three-month period ending June 30, 2016. 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 1,162 per USD.

Earnings Conference and Conference Call

LG Electronics will hold an English language conference call on July 29, 2016 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 July 28, 2016. 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 142820# when prompted.

 

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FIVE FACTS YOU PROBABLY DIDN’T KNOW ABOUT LG G5

The LG G5 is already renowned for its modular design, wide-angle camera and its Friends ecosystem. However, there’s more. The LG G5 is a virtual treasure chest of features, functions and aspects that users may not yet have discovered. Here is just a handful…

1. The charging cradle is also a versatile battery charger.

LG G5 hybrid battery charger connected to an LG 360 CAM

Since the G5 battery charging cradle (purchased separately) comes equipped with a USB Type-A socket as well as USB Type-C socket, it can be used not only as a battery charging cradle for the G5 but also as an external battery pack for many devices with USB Type-C.

2. Go half a workday with just 10 minutes of battery charge.

Thanks to the Dual Charger ICs embedded in the G5, the phone takes just 25 minutes to charge from 0 percent to 50 percent – other smartphones usually take 34 minutes – and can even speed-charge for four hours’ worth of use after just a 10-minute charge.

3. LG Friends are friendly to everyone.

LG Friends can connect to a host of external devices such as iOS smartphones, PCs, laptops, tablets and more

It is not widely known that the LG Friends – LG Hi-Fi Plus with B&O PLAY, LG 360 CAM and LG TONE Platinum – can even connect to smartphones running iOS*. What’s more, LG Hi-Fi Plus with B&O PLAY can be connected to a PC, laptop or tablet via cables while LG TONE Platinum can connect to a PC via Bluetooth.

4. G5 is the only smartphone on the market that takes “Auto Shots”.

LG G5 hybrid battery charger connected to an LG 360 CAM

LG has advanced beyond the Gesture Shot, equipping the G5 with an Auto Shot function that makes taking selfies super-simple; the user is no longer even required to press a button to trigger the shutter. Set to selfie mode, the G5 automatically takes a shot one second after the subject stops moving. This works even with faces in a magazine or even a doll!

5. Wireless Data Transfer is just one-click away.

LG G5 transferring data to another smartphone using NFC technology

One of the biggest inconveniences when buying a new smartphone is transferring all of one’s personal data from the old phone to the new phone. With UX 5.0 in the G5 transferring data seamlessly with NFC technology and LG Back Up is extremely easy. Just a single click transfers all the data from any NFC-capable Android or iOS smartphone to the G5 – apps, data, memos, even text messages.

*Compatibility Requirements: Hi-Fi Plus with B&O PLAY requires Android 5.0, iOS 6, Windows 7, Mac OS 10. 9 and above, USB OTG high speed and UAC2 (USB Audio Class 2). 360 CAM requires Android 5.0, iOS 8, Windows 7, Mac OS 10.10 and above.

LG ACTION CAM MAKES LIVE STREAMING WHILE ON THE GO EASIER THAN EVER

Newest LG Friend Pushes the Boundaries of Personal Broadcasting

The LG Action CAMLTE in Titan Silver, with the included mount on its left

SEOUL, July 19, 2016 — LG’s latest Friend smartphone companion device rolls out today in South Korea to be followed by other key markets in the weeks to come. LG Action CAMLTE offers robust features that allow for filming in dynamic environments and its built-in LTE connectivity, powered by the Qualcomm® Snapdragon™ 650 processor, means users can stream directly to sites such as YouTube Live via wireless 3G or 4G networks.

Rated IP67, LG Action CAMLTE is dust- and sand- proof allowing it to be immersed in up to one meter of water for up to 30 minutes. In addition to the included mount, this rugged camera is compatible with various third party action camera mounts and accessories to capture smooth footage while attached to helmets or moving vehicles.

Images and videos shot with LG Action CAMLTE can be downloaded and saved on paired smartphones via the Action CAMLTE app available on Google Play. The camera can record up to three hours of Full HD video on smartphones running Android 5.0 or iOS9 and higher. The durable camera can also function as a CCTV camera for home monitoring with images and videos saved to users’ smartphones.*

“LG and Qualcomm Technologies have worked closely together over the years, and we are delighted that LG is extending the Snapdragon relationship, adding the LG Action CAMLTE to the existing 360 CAM and of course the amazing G5 itself,” said Anthony Murray, senior vice president and general manager, IoT, Qualcomm Technologies International, Ltd.

“LG Action CAMLTE offers a new and exciting experience with unparalleled features and innovation,” said Juno Cho, president of LG Electronics and Mobile Communications Company. “We are committed to developing a range of new Friends for LG G5 as well as premium LG smartphones in the pipeline.”

Earlier this year, LG organized developer conferences in Korea and the United States and distributed an SDK to encourage development of LG Friends as well as sponsoring a competition to attract the best Friends ideas.

Price and exact date of availability will be announced locally.

Key Specifications:

  • Camera: 1/2.3-inch 12.3MP (150-degree wide angle lens) / 1.55 x 1.55㎛pixels
  • Connectivity: LTE / 3G / Wi-Fi 802.11 b, g, n / USB Type-C 2.0 / Bluetooth 4.1
  • Video Recording: UHD 30fps / Full HD 30, 60fps / HD 30, 60, 120fps
  • Video Live Streaming: HD (up to 30fps)
  • Chipset: Qualcomm® Snapdragon™ 650 Processor
  • Memory: 2GB RAM / 4GB ROM (OS only) / microSD (up to 2TB)
  • Size: 35 x 35 x 79.7mm
  • Weight: 99g
  • Others: IP67 / GPS / Accelerometer / Gyroscope
  • Color: Titan Silver* Feature to be available with upcoming software update.

 

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LG RELEASES PRELIMINARY EARNINGS FOR SECOND-QUARTER 2016

A picture of LG Twin Towers at night

SEOUL, July  8, 2016 — LG Electronics Inc. (LG) today announced its preliminary earnings results for the second quarter of 2016.

Tentative consolidated revenues for the second quarter of 2016 is KRW 14 trillion and operating profit is KRW 584.6 billion. Revenues are expected to be 0.5 percent higher than the same period the year prior while operating profit will be 139.5 percent higher year-over-year.

                                                                                                                                               (Unit: KRW bn)

  2016 2Q 2016 1Q QoQ (%) 2015 2Q YoY (%)
SALES 14,001.7 13,362.1 4.8 13,925.7 0.5
OPERATING PROFIT 584.6 505.2 15.7 244.1 139.5

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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