Prestigious Global Design Experts Recognize

Design Excellence in LG’s Latest Products

SEOUL, Mar. 3, 2014 ― LG Electronics (LG) found itself in the spotlight once again at the annual iF Design Awards with 26 products earning honors for 2014, including the LG G Flex which was selected as one of the 75 Gold Award winners, and the company’s ULTRA HD TV and flagship G2 smartphone also receiving recognitions. Announced annually by the iF International Forum Design to recognize products that demonstrate excellence and innovation in the field of design, this year’s competition attracted more than 4,600 entries.

“LG has put much emphasis on becoming an industry leader in product design,” said Dr. Scott Ahn, LG’s Chief Technology Officer. “To achieve this, R&D works very closely with design from the onset. Our philosophy is to incorporate innovative designs into our products in order to evoke an emotional response and increase the intimate relationship between our products and consumers.”

The LG G Flex embodies a unique design that demonstrates LG’s cutting-edge capabilities in design and engineering. The G Flex’s ergonomic, vertically curved 6-inch display provides a more comfortable user experience by following the contours of the user’s face and placing the speaker and microphone closer to the ear and mouth. At the same time, the arched form is reassuringly easy to grip. The G Flex was commended by iF judges for implementing a new approach to the smartphone interface by putting controls on the back and adopting a curved display, thereby adding immensely to the smartphone experience in terms of both ergonomics and quality.

iF judges also praised the LG G2 smartphone for its high level of innovation and convenience-oriented design features, particularly its Rear Key which puts the volume and power buttons on the back of the device. As the only smartphone in the world without any buttons on its sides, the distinctive look of the G2 is matched only by its performance. Last year, the G2 took the President’s Award of Good Design, South Korea’s top honor in design excellence.

LG’s ULTRAHD TV (Model 65LA9700) impressed the iF judges with its immersive viewing experience in a package that serves as adécor center piece thanks to its CINEMA SCREEN design and ultra slim bezel. LG also integrated a 4.1 channel Sliding Speaker that automatically retracts when the TV is turned off. This intelligent speaker design, not to mention the lush, high-quality sound from the speakers, makes the 65LA9700 one of LG’s most popular TV models.

Other LG products recognized at the iF Design Awards 2014 include:

–     SoundPlate™ (Model LAP340), a chic sound system wrapped in a thin, flat, minimalist body that can be placed directly under today’s premium TVs

–      Soundbar (Model NB5530) boasts an ultra slim design with a height of only 35mm in a premium black and metallic silver finish to blend into any living room

–     34-inch IPS 21:9 UltraWide monitor (Model 34UM95) with its transparent Crystal Float Stand and CINEMA SCREEN Design

–     Ultra PC (Model 13Z940), weighing less than 1kg, sports a clean, minimalist design and 4.4mm Super Narrow Bezel

–     ARTCOOL Stylist Inverter V (Model A12IWK) air conditioner boasts a unique ring of subtle LED mood lighting, proprietary 3D airflow feature, near-silent operation and significant energy savings

–     ARTCOOL Slim Inverter V (Model CA12RWK) delivers a winning combination of energy efficient, health-centric features and advanced technologies such as Active Energy Control, Energy Display and Plasmaster Ionizer Plus

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LG to Strengthen Global Branding with Unique Consumer-Centric Features

and Two-Tier Focus on Premium and Entry-Level Smartphones

BARCELONA, Feb. 23, 2014 — With two new G Series smartphones, the third genera­tion L Series^III and impressive new UX features, LG Electronics (LG) announced prior to the start of Mobile World Congress (MWC) the company’s intention to expand its user base in 2014 with compelling products designed to meet the user requirements of a global audience. Coming off a successful 2013 where the company introduced much talked-about devices such as the G2, Nexus 5 and G Flex, LG is confident that its product strategy for 2014 will continue to show strong returns.

“It has become increasingly important for LG to not only deliver the best mobile experi­ences possible to our customers, but also to ensure that those experiences are consistent across all our devices,” said Dr. Jong-seok Park, president and CEO of the LG Electronics Mobile Communications Company. “As far as smartphones have come in recent years, we should not lose sight of the fact that less than a quarter of the world’s con­sumers are smartphone users. That’s why our product lineup in 2014 will include devices with a unique user experience that appeal to a wider spectrum of consumers.”

In addition to its newest devices, LG’s emphasis on introducing premium UX features, such as Knock Code^TM, will continue to be a priority as a way to more clearly differenti­ate LG smartphones from the competition. First announced in the G Pro 2, Knock Co­de, allows users to power on and unlock their smartphones with simple “knocks” on the screen. This year, Knock Code will be a core offering on a wide range of LG global smartphones as part of the company’s strategy to offer a consistent and unique user experi­ence.

Knock Code^TM : Security and Convenience in One

With recent research data showing that users unlock their smartphones more than 100 times a day, LG clearly saw this as an opportunity where it could add value. Knock Code, which evolved from the KnockON feature first introduced in LG G2, enables users to both power on and unlock their LG smartphone in one easy step by tapping a personalized pattern on the phone’s screen. Knock Code offers greater security as the pat­tern is entered on a blank screen using an­y­where from two to eight taps, allowing for more than 80,000 possible combinations. What’s more, Knock Code can be entered on any part of the display, making one-handed entry effortless and convenient. A number of previously released LG smartphones will also receive Knock Code firmware updates as well.

LG G Pro 2: Sequel Offers Richer, Fuller Experience

The G Pro 2 is a successor to the G Pro, last year’s winner of the Best Smartphone of MWC 2013 award. The G Pro 2 is more than just a worthy successor to the original G Pro. With a bold 5.9-inch Full HD IPS display, the latest Android 4.4 KitKat OS and a host of best-in-class technologies, G Pro 2 boasts an immersive viewing experience and is the first LG smartphone to offer an enhanced 13MP camera with Optical Image Stabi­lizer Plus (OIS+) technology. Photography buffs will appreciate the G Pro 2’s advanced picture and video editing functions.

LG G2 mini: Powerful and Compact

As LG’s first “compact” smartphone, the G2 mini delivers much of the same user experi­ence of the original LG G2 with premium UX features such as Knock Code and Guest Mode. The G2 mini is designed to appeal to a new generation of smartphone own­ers with its 4.7-inch IPS display, 2,440mAh battery life and a Quad-Core processor that doesn’t sacrifice speed for size. LG’s newest G Series device offers the perfect bal­ance of modern design and practical UX in a compact package without compromising performance.

LG L^III Series: Where 3G Meets Style

LG’s L Series^I and L Series^II have enjoyed tremendous success worldwide. The new L Series^III is expected to continue the momentum of LG’s L Series, particularly in fast growing emerging markets. The L40, L70 and L90 smartphones reinforce the family’s stylish design heritage, boasting delicate finishing, metallic colors and narrow bezels. The L Series^III also comes with the latest Android KitKat OS and premium UX features to deliver the best experience the 3G segment has to offer. The new L Series^III is a key com­ponent of LG’s strategy to expand its share of new smartphone users in markets that will determine tomorrow’s mobile leaders.

Visitors to MWC 2014 can experience all of LG’s newest smartphones — LG G Pro 2, G2 mini and L Series^III — firsthand at LG’s Booth in Hall 3 of Fira Gran Via. For more information, please visit www.LGnewsroom.com.

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With G2 mini, LG Expands Premium G Series Benefits to Mid-Tier Segment

SEOUL, Feb. 19, 2014 — LG Electronics (LG) will unveil its first ever “compact” smartphone, G2 mini, at Mobile World Congress (MWC) 2014 in Barcelona, Spain. Developed as a smaller version of the award-winning LG G2, the G2 mini will introduce most of the G2’s premium UX features to a new global audience.

User-friendly UX features found in LG’s premium G Series flagship models, such as Guest Mode, Plug & Pop, Clip Tray and Capture Plus, have been carried over to the G2 mini to satisfy a generation of new users. And because the global mid-tier smartphone was designed to meet the needs of millions of customers around the world, the G2 mini will be available in many variations: Single/Dual SIM, 3G/4G LTE and four vibrant color options, among others.

Now mature, the smartphone market has settled into categories of premium devices with display sizes above 5-inches and mid-tier devices in the 4.5-inch range.¹ As a 4.7-inch device with optimum hardware unmatched in its class, the G2 mini is anticipated to further satisfy consumer demand for a practical smartphone with premium features. As a compact version of the smartphone that has earned a number of “Best of 2013” awards from the media, the G2 mini maintains the innovative design heritage of the Rear Key first introduced in the G2. The 4.7-inch screen and 2,440mAh battery are both top-in-class and the bright IPS display and powerful Quad-Core processor provide a superb multitasking experience. And the G2 mini comes with Android 4.4 KitKat for the most up-to-date and optimized Android experience currently available.

“The G2 mini is all about bringing the best user experience of the G2 to a more compact, mid-tier device, giving millions of customers the opportunity to benefit from the LG premium experience,” said Dr. Jong-seok Park, president and CEO of LG Electronics Mobile Communications Company. “This device offers the perfect balance of modern design and practical UX in a compact package without compromising performance.”

The G2 mini will being its global rollout in March with the 3G Dual SIM model in CIS countries followed soon after by major markets in the Middle East, Latin America and Asia — including Singapore, Hong Kong and Taiwan — and Europe. The G2 mini will make its global debut at LG’s Booth in Hall 3 of Fira Gran Via during MWC 2014.

Key Specifications:

–    Chipset:  1.2 GHz Qualcomm Quad-Core MSM8926 (LTE) / MSM8226 (3G)

1.7GHz Nvidia Quad Core Tegra 4i (LATAM LTE version)

–    Display: 4.7-inch qHD IPS (960 x 540)

–    Memory: 8GB eMMC / 1GB RAM / SD Card Slot

–    Camera: Rear 8.0MP / 13.0MP (LATAMLTE version) / Front 1.3MP

–    Battery: 2,440mAh (removable)

–    Operating System: Android 4.4 KitKat

–    Size: 129.6 x 66.0 x 9.8mm

–    Weight: 121g

–    Network: Cat. 4 & VoLTE / Cat. 3(LATAM), HSPA+ 21Mbps (3G)

–    Connectivity: Bluetooth 4.0, Wi-Fi (802.11 b/g/n), A-GPS, NFC (4G LTE version only)

–    Colors: Titan Black, Lunar White, Red, Gold (depending on region)

–    Other: Plug & Pop, Guest Mode, Clip Tray, Quick Window, etc.

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¹NDP DisplaySearch: http://goo.gl/C6n5EE

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New L Series^III Features Signature LG Design Elements with Android 4.4 OS

SEOUL, Feb. 16, 2014 — LG Electronics (LG) will be unveiling the third generation of its popular L Series smartphones at the Mobile World Congress (MWC) 2014. The L Series^III devices retain LG’s distinctive minimal design philosophy while boasting an impressive package that includes enhanced hardware, UX features and OS unmatched in its class. With the original L Series and L Series^II having enjoyed tremendous success worldwide, the L Series^III is expected to continue the momentum with its handsome design and practical user benefits inspired by LG’s more premium G Series.

Key elements of LG’s design heritage can be found in all facets of the visually striking L Series^III smartphones. The seamless layout, delicate finishing, refined metallic frame and Quick Window smart cover all come together perfectly in the L Series^III. Quick Window, which comes in three vibrant colors, is the first cover from LG to be designed specifically for a mid-range smartphone. Quick Window also offers functional benefits beyond just protection from drops and bumps, as the see-through window allows one to see who’s calling and check the time without opening the cover.

All L Series^III models come with Android 4.4 KitKat, making them further stand out in the mid-tier market. LG has equipped the entire lineup with Google’s latest OS in order to provide the most up-to-date and optimized Android experience to a larger audience. In addition the refined UI that’s more beautiful and immersive, KitKat offers improved performance and a more intuitive user experience.

“In addition to inheriting the refined design aesthetic that is synonymous with LG’s premium devices, the L Series^III provides an array of user benefits that extend far beyond a simple upgrade,” said Dr. Jong-seok Park, president and CEO of LG Electronics Mobile Communications Company. “From the design to the OS to the UX, the L Series^III exemplifies LG’s commitment to bringing the best smartphone experience to as many consumers as possible. We’re confident that the L Series^III will be a strong volume driver in 3G markets.”

Visitors to MWC 2014 can experience the first three L Series^III smartphones — L40, L70, L90 — firsthand at LG’s Booth in Hall 3 of Fira Gran Via.

L Series III Design Interview: http://www.youtube.com/watch?v=aYsjqaO6jnw

L90 Key Specifications:

–  Processor: 1.2 GHz Quad-Core

–  Display: 4.7-inch IPS (960 x 540) qHD

–  Memory: 8GB / 1GB RAM

–  Camera: 8.0MP / 1.3MP

–  Battery: 2,540mAh (removable)

–  Operating System: Android 4.4 KitKat

–  Size: 131.6 x 66.0 x 9.7mm

–  Network: 3G (HSPA+21Mbps)

L70 Key Specifications:

–  Processor: 1.2 GHz Dual-Core

–  Display: 4.5-inch IPS (800 x 400)

–  Memory: 4GB / 1GB RAM

–  Camera: 8.0MP or 5.0MP / VGA – depends on market

–  Battery: 2,100mAh (removable)

–  Operating System: Android 4.4 KitKat

–  Size: 127.2 x 66.8 x 9.5mm

–  Network: 3G (HSPA+21Mbps)

L40 Key Specifications:

–  Processor: 1.2 GHz Dual-Core

–  Display: 3.5-inch (480 x 320)

–  Memory: 4GB / 512MB RAM

–  Camera: 3.0MP

–  Battery: 1,700mAh or 1,540mAh (removable) – depends on market

–  Operating System: Android 4.4 KitKat

–  Size: 109.4 x 59.0 x 11.9mm

–  Network: 3G (HSDPA+14.4Mbps)

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Regional Roadshows to Showcase Range of Innovative Solutions for Global Consumers

SEOUL, Feb. 13, 2014 — LG Electronics (LG) this week kicked off its annual Innovation Festival (InnoFest) Roadshow, a product showcase aimed at bringing LG’s diverse collection of consumer electronics and home appliance products to LG’s business partners, distributors and retailers in regions around the world. Kicking off in Middle East and Africa (MEA) on February 12, the travelling roadshow will also take in dates across Europe in March and Asia in April.

LG InnoFest, an annual event now in its second year, represents a crucial platform for reinforcing LG’s position in the global consumer electronics and appliance industries, as well as responding to local market needs under LG’s brand identity theme, “It’s All Possible.” At this year’s inaugural InnoFest event, hundreds of channel partners gathered in Istanbul, Turkey — a city situated at the crossroads of eastern and western cultures — to see firsthand LG’s 2014 lineup of TVs, refrigerators, washing machines, air conditioners and smartphones.

Flagship products which took the spotlight at InnoFest were LG’s77-inch ULTRA HD CURVED OLED TV, 105-inch CURVED ULTRA HD TV, G Flex curved smartphone and appliances for 2014 including refrigerators, washing machines as well as advanced cooking and cleaning products. Appliances designed for local audiences will include LG’s innovative Evercool refrigerators, which keep food fresh even during power outages, and LG’s advanced 6 Motion Direct Drive washing machines, which use a combination of six different motions to deliver superior washing results for a wide variety of fabrics. LG’s 6 Motion Direct Drive washing machines are ideal for delicate, traditional Middle Eastern attire, such as chadors and hijabs.

 

“LG InnoFest is an opportunity for us to focus on the many relationships we cultivate around the world with the retailers and distributers who believe in the LG brand and have made us a household name in every region,” said Kevin Cha, Regional Head of Middle East and Africa for LG Electronics. “LG’s success was built on the company’s ability to deliver localized solutions to a diverse global audience and events such as InnoFest are critical to our continued success.”

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Operating Income Increases for all Business Units Year-on-Year

 

SEOUL, Jan. 27, 2014 — LG Electronics Inc. (LG) today announced consolidated revenues of KRW 58.14 trillion (USD 53.10 billion) and net profit of KRW 222.70 billion (USD 203.65 million) for full-year 2013, marking an improvement over 2012 results. Operating profits increased modestly in 2013 to KRW 1.28 trillion (USD 1.17 billion) from KRW 1.22 trillion (USD 1.08 billion) in full-year 2012.

Fourth-quarter 2013 consolidated revenues were KRW 14.92 trillion (USD 14.03 billion) with an operating profit of KRW 238.1 billion (USD 223.89 million). Unaudited consolidated financial results for the fourth quarter ending Dec. 31, 2013 showed a net loss of KRW 63.5 billion (USD 60.21 million) primarily due to higher non-operating expense as a result of FX movements.

The LG Home Entertainment Company reported an 18 percent revenue increase quarter-on-quarter to KRW 5.93 trillion (USD 5.58 billion) and full-year operating profit of KRW 404.80 billion (USD 369.86 million). Despite higher demand for LCD TVs in North America, Asia and CIS countries, full-year revenue declined by 5 percent from the previous year. Operating profit margins increased each quarter in 2013 due to a stronger product mix that included more high-end models such as OLED TVs and Ultra HDTVs, which are expected to see strengthening demand in 2014.

The LG Mobile Communications Company reported a 29 percent increase in annual revenues to KRW 12.97 trillion (USD 11.85 billion) year-on-year and an 18 percent increase in fourth-quarter revenues to 3.59 trillion (USD 3.38 billion) quarter-on-quarter with help from stronger LTE smartphone sales such as G2 and Nexus 5. Smartphone shipments of 13.2 million units represented an increase of 54 percent from the previous year. The positive impact of improved product mix was offset by higher marketing investments to strengthen LG’s brand equity and intensified price competition.

The LG Home Appliance Company posted sales of KRW 2.84 trillion (USD 2.67 billion) in the fourth quarter, down 4 percent from the same period the previous year but full-year revenues increased by 5 percent from 2012. Stronger sales in North America and China were offset by slower growth in developing markets such as India, Central and South America. Profitability in the fourth quarter of 2013 improved year-on-year to KRW 83.40 billion (USD 78.08 million) as a result of improved cost structure and stronger sales of products with high profitability. In 2014, demand for LG appliances is expected to increase in developed markets such as North America and Europe as economic conditions continue to improve.

The LG Air Conditioning & Energy Solutions Company reported sales of KRW 719.70 billion (USD 677.33 million) in the fourth quarter of 2013, an increase of 8 percent from the same period in 2012, primarily due to the growth of commercial air-conditioner system sales in overseas markets. For full-year 2013, the company reported revenues of KRW 4.64 trillion (USD 4.24 billion), 8 percent higher year-on-year, and operating profit of KRW 279.50 billion (USD 255.71 million). Demand for commercial air conditioners with high-energy efficiency and inverter-type residential units are expected to help drive further profitability improvements for LG in 2014.

2014 Business Direction

For 2014, LG Electronics is targeting a revenue goal of KRW 62.30 trillion with plans to spend KRW 3 trillion in capital expenditures.

2013 4Q Exchange Rates Explained

All information regarding management performance and financial results of LG Electronics during the fourth quarter of 2013 has been prepared on a consolidated basis in accordance with International Financial Reporting Standards (IFRS). Starting from January 1, 2013, LG Electronics has accounted LG Innotek as a consolidated subsidiary pursuant to the enactment of Korea-International Financial Reporting Standards (K-IFRS) 1001, “Consolidated Financial Statements.” The comparative consolidated financial data are restated accordingly. Amounts in Korean won (KRW) are converted into U.S. dollars (USD) at the average rate of the three month period in each corresponding quarter: KRW 1,063 per USD (2013 4Q) and KRW 1,091 per USD (2012 4Q). Average rate of the twelve-month period in 2013 was KRW 1,095 per USD.

Earnings Conference and Conference Call

LG Electronics will hold a Korean-language earnings news conference on Jan. 27, 2014 at 16:00 Korea Standard Time at the LG Twin Tower Auditorium (B1 East Tower, 20 Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea). An English language conference call will follow on Jan. 27, 2014 at 21:00 Korea Standard Time (12:00 GMT/UTC). Participants are instructed to call +82 31 810 3069 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 13:30 on Jan. 27, 2014. Please 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 142720# when prompted.

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Industry Experts Honor LG for New Introductions Including

OLED TVs, Ultra HD TVs, webOS Smart TV, G Flex and Lifeband Touch

LAS VEGAS, Jan. 9, 2014 — LG Electronics (LG) won 35 top-tier awards at this week’s 2014 International CES^®, including six awards for the LG 77-inch class CURVED ULTRA HD OLED TV, making it the most recognized TV at the show.

Reviewed.com, show’s the Official Editors’ Choice partner, and Digital Trends, the show’s Official Digital Home partner, recognized a number of LG’s newest products among the tens of thousands on display at CES.

Further solidifying its position as one of the world’s most innovative leaders in consumer electronics, LG earned top awards and accolades from Popular Mechanics, Popular Science, Mashable, TechRadar, Ubergizmo, HD Guru, TechnoBuffalo and Stuff — on the heels of 15 CES Innovations Awards including Best of Innovations 2014 for LG’s 77-inch class CURVED ULTRA HD OLED TV.

“Our goal is to create products that will truly impact peoples’ lives,” said Wayne Park, Global Sales and Marketing Officer for LG Electronics. “The significant amount of recognition we’ve received this year validates LG’s commitment to pursuing the highest level of innovation and supports our core brand identity — With LG, It’s All Possible.”

Awards earned by LG at CES 2014 include:

Reviewed.com CES Editors’ Choice Awards

– LG 77-inch class CURVED ULTRA HD OLED TV (EC9800)

– LG webOS Smart TV Platform

– LG SoundPlate (Model LAB540W)

– LG G Flex Smartphone

– LG HomeChat™

– LG EasyLoad Dryer Door

Digital Trends Best of CES 2014

– Best Home Theater Overall

– Best Home Theater (video) – LG 77-inch class CURVED ULTRA HD OLED TV (EC9800)

– Best Computing – LG Ultra PC

Popular Mechanics Editor’s Choice

– LG 49-inch class ULTRA HD LED TV (UB8500)

– LG G Flex

Popular Science “12 Best Products from CES 2014”

– LG G Flex Smartphone

Mashable Best Tech of CES 2014

– Top 10: LG 105-inch class ULTRA HD LED TV (105UC9)

TechRadar Best of CES 2014 Awards

– Best Fitness Tech – LG Lifeband Touch (HL84-B)

Ubergizmo Best of CES 2014

– LG’s webOS Smart TV platform

HD Guru Top Picks Awards

– Best OLED TV – LG 77-inch CURVED ULTRA HD OLED TV (EC9800)

TechnoBuffalo Best of CES 2014

– 47-inch Transparent LCD Display

Stuff.TV 2014 CES Hot Stuff Awards

– Best Innovation of the Year – LG Flexible 77-inch class CURVED OLED TV (EC9800)

– LG 77-inch class CURVED ULTRA HD OLED TV (EC9800)

– LG Lifeband Touch (HL84-B) and Heart Rate Earphones (FR74)

LG was honored by CEA with 15 CES Innovations awards, including the Best of Innovations for the LG 77-inch class CURVED ULTRA HD OLED TV (EC9800). Other CES Innovations awards bestowed upon LG in 2014 include: the 105-inch class 105UC9 ULTRA HD TV, 65-inch 65UB9300 ULTRA HD LED TV and 55-inch class 55EA8800 Gallery OLED TV, for Video Displays; the 55-inch class 55UB9500 OLED TV for Digital Imaging; the webOS Smart TV platform for Software & Mobile Apps; the BP740 Smart 3D Blu-ray Player and NP8740 Wireless Speaker for Home Audio/Visual Components; the 34-inch class 34UM95 ULTRAWide Monitor for Computer Peripherals; the 22-inch class 22CV241 Chromebase all-in-one PC for Computer Hardware & Components; the VR6370VMNC HOM-BOT Vacuum for Home Appliances; and the LG G2 superphone for Wireless Handsets.  Coveted awards in the Eco-Design & Sustainable Technologies category went the LG 55-inch class 55EC9300 CURVED OLED TV, LG LDE3037ST Electric Double-Oven Range and WM8000HVA washer.

Formore information on LG’s 2014 CES products, please visit www.LGnewsroom.com/CES2014.

Designs, features and specifications subject to change without notice.

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