Racing Game Fans Experience Forza Horizon 5 on World’s Only “Dream Gaming Setup”

The wait is finally over for avid racing game fans and true Forza Fanatics as Forza Horizon 5 finally hits the shelves of online game shops everywhere. To celebrate the November 9 arrival of the highly-anticipated title, LG Electronics is teaming up with Xbox to host an innovative and exhilarating pre-launch event. Brought to life by the immersive power of LG OLED, LG-Microsoft’s bespoke Dream Gaming Setup unveiled the new game in full glory for the first time in England as a virtual racing experience without equal.

Gamers at Dunsfold Aerodrome in Surrey Hills, UK.

Taking place over two days from November 6-7 at Dunsfold Aerodrome in Surrey Hills, UK, the LG OLED-powered action-packed affair let invitees take on several Forza Horizon 5 driving challenges to experience a variety of different cars, driving modes and environments all set in Mexico. Challenges, such as Drift Lab for mastering the difficult art of drifting, were designed specifically for the event to help players hone their virtual driving skills and prepare them for the dream gaming experience. Prizes and bragging rights were at stake for those unafraid to push the accelerator to the floor, and their cars to the limit.

A photo of a road with a phrase

An immersive custom-built driving pod located on one of the aerodrome’s runways, the LG Dream Gaming Setup brought all the excitement of Forza Horizon 5’s open-world racing roaring to life in a real outdoor setting. The pod delivered a true 4D experience, surrounding drivers inside three large LG OLED screens to fill their field of vision. Pre-recorded environmental sounds, smells and sensations added to the sense of realistic immersiveness. Once buckled in, guests took the wheel and competed with one another to finish atop of the leaderboard, all while enjoying the unrivalled responsiveness and immaculate image quality of LG OLED.

Gamers playing Forza Horizon 5 on LG Dream Gaming Setup.

In addition to offering all attendees a sought-after opportunity to play Forza Horizon 5 ahead of its global release, the high-octane event showcased all the qualities that make LG OLED a favorite with serious gamers worldwide, including stunning picture quality, fast response times, low input lag and support for the latest HDMI 2.1 features.

A gamer playing Forza Horizon 5 on LG Dream Gaming Setup.

A gamer’s delight, LG OLED TV is perfect for playing all the latest PC and console titles, its self-lit pixels and large screens delivering infinite contrast and vivid colors on an impressive scale. In addition to being the world’s first OLED TVs to support Dolby Vision® HDR gaming at 4K 120Hz, LG’s next-gen displays boast a 1 millisecond response time and support for advanced HDMI 2.1 features, including variable refresh rate (VRR) and auto low latency mode (ALLM). They’re also G-SYNC® Compatible and AMD FreeSync™ Premium certified, and come with LG’s Game Optimizer and Game Dashboard.

LG OLED logo on glass building at Dunsfold Aerodrome in Surrey Hills, UK.

Whether it’s racing simulations, first-person shooters, RPGs or anything in between, LG OLED unleashes the best gaming experiences imaginable with picture quality and gaming features that no other TV can match. For more information on gaming on LG OLED TVs, click here.

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Bringing Street Art Indoors With OLED Technology

French pop street artist Jisbar with his artwork displayed on LG OLED TV.

In keeping with LG’s philosophy Art Inspires Technology, Technology Completes Art, LG recently took on the challenge of bringing together an artist with advanced OLED TVs so that masterpieces can be experienced exactly as intended thanks to the true-to-life colors and deep blacks of OLED technology. To mark the launch of LG G1 series OLED TV featuring Gallery Design in France, LG teamed up with pop street artist Jisbar, renowned for his talent for reinterpreting classic masterpieces by the likes of Leonardo Da Vinci, Frida Kahlo, Gustav Klimt and Andy Warhol.

The entrance to the LG OLED Gallery in Paris.

One of the most creative artists of his generation, Jisbar made history in 2019 by becoming the first artist to combine aspects of art, engineering and physics to send his Punk Mona painting into Earth’s orbit. In fact, his passion for pushing the limits is exactly why he was LG’s partner of choice to create vibrant art for LG’s most advanced OLED TVs.

Close up of Jisbar making the final touches to the “Sport” painting he specifically created for the LG OLED Gallery.

This talented young artist created three pieces specifically for the LG OLED Gallery, each one boasting a different theme: Sport, Game, Design. One of Jisbar’s three works will be donated to the Téléthon, the 30-hour French charity event that takes place in early December every year to raise funds for neuromuscular diseases research.

Jisbar’s ‘Sport’ artwork displayed on LG OLED TV at the LG OLED Gallery in Paris.

In addition to his own unique style and technique, Jisbar is keen to honor the artists who have contributed to the art world over the years. Jisbar frequently paints with the International Klein Blue (IKB) pigment, a signature ultramarine patented by French artist Yves Klein in 1957 that is difficult to recreate. As seen in Jisbar’s work, Sport, the color takes on a whole new level of dynamism and depth on LG OLED TV.

Jisbar making the final touches to the ‘Sport’ painting he specifically created for the LG OLED Gallery.

In a demonstration in front of a live audience, Jisbar added finishing touches to Sport, depicting the Greek Titan Atlas carrying the world on his back beside basketball legend Lebron James. Jisbar used a sport-themed color palette of yellow, orange, brown and green to paint an interpretation of Superman to represent athletes’ superhuman athleticism and strength.

The ‘Game’ painting by Jisbar made for the LG OLED Gallery, featuring Rene Magritte’s “The Son of Man” with a twist.

Jisbar’s Game painting brings the realms of gaming and television together through gold coins and LEGO bricks. In this explosion of creativity, the dominant presence is a classic reinterpretation of René Magritte’s The Son of Man, the well-known overcoat, bowler hat and green apple revisited with a twist.

For his final work, Jisbar took its inspiration from The Mona Lisa.

Jisbar’s ‘Design’ painting created for the LG OLED Gallery features a unique interpretation of the ‘Mona Lisa’.

“I diverted from the original masterpiece with several patchworks for her iconic face to bring a more modern and chicer look,” Jisbar explained. “To match the design and premium aspects of LG G1 series OLED TV, I chose to depict the hands from Michelangelo’s The Creation of Adam and sketches of iconic chair designs including the Eames Lounge Chair and Ottoman, to express how design is constantly evolving. And to add my trademark touch to the piece, I used the spray tips I often use in my paintings.”

The specially made cookies at the LG OLED Gallery in Paris featuring Jisbar’s masterpieces.

“I’m delighted to have collaborated with LG for this project,” added Jisbar.

Contributed by LG France

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[LG SIGNATURE Inspirations] Celebrating Movement With Perfect Harmony, Artistry, Technology

The living room has become the de facto dance floor for people all around the world, a venue for many impromptu solo dance parties or brave attempts at mastering the latest TikTok dance challenge. LG SIGNATURE, a proud supporter of the arts and a brand that delights in bringing consumers artistic, joyful moments, recently partnered with one of the world’s most celebrated contemporary dance companies to deliver a moving experience in the home.

Performers of the Sydney Dance Company practicing in the studio.

As the newest major partner of Australia’s Sydney Dance Company, LG SIGNATURE will be supporting upcoming performances and events as well as Classes Livestream, an exciting new format of hybrid dance class. Allowing people at home to practice along with the Company’s professional dancers, the interactive online classes will be a major draw for all dance enthusiasts and especially those whose studios have been closed through the pandemic.

A professional dancer pulling off a grand jeté during a ballet performance.

LG SIGNATURE and Sydney Dance Company will also be marking their new partnership by offering free eight-week subscriptions to Sydney Dance Company’s Livestream Plus+ (which includes Classes Livestream) to 250 lucky Australian fans. With dynamic, expert teachers, and delivering the same energy as a real in-studio dance class, Classes Livestream brings home the joy of movement and provides an exceptional workout!

Misty Copeland, the renowned ballerina of the American Ballet Theatre, posing in a beautiful white dress in front of the LG SIGNATURE logo during the ABT Fall Gala.Misty Copeland

A global brand that lives by the philosophy, Art Inspires Technology, Technology Completes Art, LG SIGNATURE is a long-standing partner to the famed American Ballet Theatre (ABT). At this year’s ABT Fall Gala, LG SIGNATURE showcased its revolutionary OLED R TV and unveiled a unique, interactive art installation, named See Beyond after the brand’s OLED R marketing campaign. In attendance at the elegant gala was acclaimed ballerina Misty Copeland, the first African American woman to be promoted to the position of principal dancer in the ABT’s 75-year history. Along with style icon Olivia Palermo, both women are brand ambassadors for the LG SIGNATURE brand.

Style icon Olivia Palermo posing on the red carpet at the ABT Fall Gala.Olivia Palermo

Eliciting wonder and audible gasps at the exclusive event, the See Beyond installation employed LG CineBeam 4K UHD Laser Projectors to create a 360-degree 3D video capturing the graceful movements of ABT principal dancer, Skylar Brandt. The advanced 3D mapping enabled by LG’s cutting-edge projectors even provided attendees with the unique experience of being transformed via the magic of technology into an effortlessly elegant dancer.

Two LG SIGNATURE OLED R TVs displaying performances at the ABT Fall Gala as guests enjoy the evening.

A pair of LG SIGNATURE OLED R TVs displayed in beautiful clarity, memorable ABT ballet performances such as The Nutcracker and Desire in stunning 4K. Brought to life by the color, contrast and smooth motion that only OLED can offer, ABT dancers moved seamlessly from one screen to the other.

An ABT Fall Gala guest taking a closer look at LG SIGNATURE OLED R.

Recognizing that life is movement, LG SIGNATURE – the brand that unites artistry and technology as no other can – will continue to support the world’s leading proponents of dance and find new ways to enrich people’s lives in the pandemic era and beyond.

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Creating More Human Connections Through Esports

The LG UltraGear LoL Cup tournament trophy in the form of a dragon with the UltraGear monitor and e-sportscasters behind.

According to a survey conducted by the career website Indeed, 73 percent of respondents replied that they missed socializing with colleagues while working remotely. Given that some aspects of remote working may be around for the long term, LG and Gen.G Esports came up with a creative way to bring remote LG workers – as well as friends and family – together to promote teamwork and camaraderie in the spirit of healthy competition.

The five stages of the LG UltraGear LoL Cup tournament, from recruitment all the way to the finals.

The LG UltraGear LoL Cup tournament invited LG Electronics’ employees and their families to battle it out in the globally popular online multiplayer game, League of Legends. The event gave LG employees of all ages and locations the opportunity to connect with one another and experience the culture of esports. The event included free coaching sessions courtesy of Gen.G Global Academy and gave all gamers the opportunity to experience LG’s latest UltraGear gaming products.

An LG UltraGear promotional image featuring a futuristic soldier bursting from the monitor’s screen.

The tournament ran from August to October, attracting a total of 68 teams consisting of 340 players. Winners received gaming-related prizes including UltraGear laptops, monitors and speakers. The event included a “family camp” with the purpose of creating lasting memories with gaming as the backdrop. Gaming and non-gaming staff alike could take part in a number of activities, such as League of Legends classes for kids, lively talk shows and live broadcasts featuring eports legends.

A gamer playing on LG UltraGear.

As long-time supporter of esports, the tournament was another creative way for LG to introduce more people to the exciting world of gaming. Through its partnership with Gen.G, one of the most influential esports organizations in the world, LG has been able to connect to the top gamers in the world to get their valued input on new UltraGear gaming products under development. The respect LG has for its gaming fans is reciprocated in kind.

Esports are no longer just for serious gamers or a hobby for only Millennials and Gen Z. The growing esports audience is expected to reach approximately 580 million globally by 2024. With dedicated TV channels and platforms such as Twitch, Periscope and Smashcast, gaming content has already surpassed many traditional sports in terms of popularity.

The LG UltraGear LoL Cup tournament winner receiving the “LG UltraGear Gaming Laptop” voucher for first place.

“Through esports, we’re able to bring coworkers together and experience teamwork in more creative ways,” said Kim Jung-jin, a member of the winning team. “We have new opportunities to meet colleagues from different departments across all strata of the company. Fostering that sense of unity is very important for everyone’s well-being.”

“I particularly loved the education sessions, where my son and I learned the basics of League of Legends,” said Woo Jung-ho, another participant. “The tournament has really sparked my interest in gaming and changed my perception to gaming culture. I used to think gaming was just for the younger generations. I think other organizations could benefit from this kind of outside the box activity.”

The winning team, ‘Miracle CTO,’ being interviewed by the tournament’s e-sportscasters after claiming the title.

The LG UltraGear LoL Cup tournament for employees demonstrated that technology isn’t just useful for remote working but for remote family fun as well. Through this experience, LG is convinced that there are more untapped opportunities for creating lasting memories during these transformational times.

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LG to Offer Customers Apple TV+ Three Month Trial

The First-Of-Its-Kind Offer Gives LG Smart TV Owners Around the
World Must-See Apple Originals Content Free for Limited Time

The promotional phrase ”Get 3 months of Apple TV+ free with LG Smart TVs” next to a TV displaying four popular shows available on Apple TV+.

SEOUL, Nov. 2, 2021 — Starting November 15, LG Smart TV owners in over eighty countries will be able to enjoy Apple TV+ free for their first three months.1 The promotion applies to all compatible 2016-2021, 8K and 4K LG Smart TV models and is available to LG TV owners who sign-up for the Apple TV+ promotion by February 13, 2022.2 The offer is redeemable by simply following the on-screen instructions in the LG Content Store or by clicking the Apple TV+ advertisement banner on the LG TV home menu.

Apple TV+, available on all LG Smart TVs, is the first all-original video subscription service and home of today’s most imaginative storytellers, offering an award-winning and inspiring lineup of original series and films including the global hit comedy series Ted Lasso, starring and executive produced by Jason Sudeikis, The Morning Show, starring and executive produced by Jennifer Aniston and Reese Witherspoon, and the epic, world-building saga Foundation, which marks the first-ever on-screen adaptation of Isaac Asimov’s iconic novel series. New titles debuting this week include Dr. Brain, the first Korean language original series based on the widely popular Korean webtoon by Hongjacga and Finch, starring Tom Hanks marking his follow-up to the global smash hit on Apple TV+ Greyhound.

To deliver maximum enjoyment of Apple TV+ programming, LG Smart TVs are equipped with best-in-class picture and sound technologies. LG TVs support Dolby Vision IQ and Dolby Atmos sound to ensure the most immersive visual and audio experience when streaming the many Apple TV+ titles mastered with Dolby’s cutting-edge technologies.

To add even more convenience to the viewing experience on 2018 and later models, LG Magic Remote makes navigating and content selection on Apple TV+ incredibly intuitive and easy. LG TV viewers can point, click and scroll with the motion sensitive controller or use voice commands with the built-in microphone to quickly search, discover and start watching great content on Apple’s globally-popular streaming service.3

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1 Promotion applies to countries where Apple TV+ is available. Please check local details at www.lg.com.
2 Offer available with LG 8K TVs and LG 4K TVs on 2016 to 2021 models. Must redeem trial offer between November 15, 2021 and February 20, 2022 (redemption codes will no longer be issued after February 13, 2022). Limit one offer per TV and Apple ID. New subscribers only. Plan automatically renews at your region’s price per month until cancelled. Requires Apple ID with payment method on file. Terms and Apple Privacy Policy apply. Offer cannot be combined with Apple One, or other free trials or offers for Apple TV+. Terms subject to change and may be modified or canceled at any time without notice. Apple TV+ is a registered trademark of Apple Inc. Apple is not a sponsor of this promotion. All rights reserved.
3 Voice command available in Australia, Canada, France, Germany, India, Italy, New Zeeland, The Philippines, Spain, United Kingdom, United States, Vietnam.

LG’s Newest In-Vehicle Infotainment System to Debut in Renault Mégane E-Tech Electric

Based on Google Android Automotive and Android 10,
LG’s New IVI System Optimized for Convenience, Connectivity

Inside the Renault Megane E-TECH Electric equipped with LG’s next-generation In-Vehicle Infotainment system.

SEOUL, Nov. 1, 2021 — LG Electronics’ (LG) next-generation In-Vehicle Infotainment (IVI) system will make its debut in the new Renault Mégane E-TECH Electric in 2022. The stunning new vehicle equipped with LG’s advanced IVI system was unveiled to strong praise at IAA MOBILITY 2021, the world’s largest mobility conference held recently in Munich, Germany.

The software that powers the IVI system was developed by LG in partnership with Renault and is based on Google Android Automotive. It is the first software developed by LG utilizing Scaled Agile Framework (SAFe), a set of principles and processes to help large organizations adopt agile methodologies to develop and deliver high-quality products and services faster. This software operates independently from the vehicle’s hardware to provide a variety of convenience-enhancing features such as the ability to update the operating system over-the-air and remotely check vehicle charging status.

What’s more, LG’s Android-based IVI system is the first system based on Android 10 to receive certification from Google Automotive Services (GAS). The platform offers intelligent infotainment services and easy access to various Google apps including Google Assistant, Google Maps and Google Play via the Center Information Display (CID). With its sleek, intuitive Human Machine Interface (HMI) and convenient user experience, the system leverages LG’s growing capabilities as a vehicle solutions provider to meet the diverse needs of today’s motorists and make car travel more enjoyable.

As an innovative partner for future mobility, LG’s Vehicle component Solutions (VS) Company has earned a reputation as a global top-tier supplier of IVI systems and Advanced Driver-Assistance Systems (ADAS) that reflect the very latest developments and trends in mobility. The business unit is continuously expanding its capabilities and market reach through various efforts, including the acquisition of automotive lighting and headlight systems provider, ZKW Group, and the recent joint venture with Magna International to create the LG Magna e-Powertrain, which launched in July.

“Digital cockpits have quickly transformed how drivers and passengers interact with their vehicles, allowing for more personalization and enhanced comfort,” said Thierry Cammal, Alliance Global Vice President Renault Software Factory. “We believe that our continued collaborative work with LG has been critical to deliver an outstanding Android cockpit for our Mégane E-TECH Electric revealed at IAA MOBILITY.”

“Our new IVI system not only meets but exceeds the growing demand for stable, advanced and user-friendly automotive software platforms,” said Dr. Kim Jin-yong, president of the LG Vehicle component Solutions Company. “Through continuous innovation and collaboration with expert partners such as Renault, LG is committed to delivering differentiated in-vehicle experiences and further strengthening our position as a solutions provider for the global auto industry.”

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LG’s GHG Emissions Reduction Target Validated by Climate Expert SBTi

Validation Confirms Soundness of LG’s Strategy to Use
Science-based Targets to Achieve Goals Set by Paris Agreement

LG Logo

SEOUL, Nov. 1, 2021 — LG Electronics (LG) announced that its strategy for cutting greenhouse gas (GHG) emissions in the entire manufacturing process from production to use by 2030 has been independently reviewed and validated by climate expert SBTi, making LG the first Korean manufacturer of home appliances to receive such recognition. The validation confirms LG’s confidence in its strategy to reduce the total amount of direct greenhouse gas emissions in line with Business Ambition for 1.5°C, which LG committed to earlier this year.

SBTi is a global coalition organization co-founded by the Carbon Information Disclosure Project (CDP), United Nations Global Compact (UNGC), World Resources Institute (WRI) and World Wide Fund For Nature (WWF) to promote science-based targets for reducing GHG. To achieve its Zero Carbon 2030 pledge established in 2019, LG’s plan calls for reducing the total amount of direct greenhouse gas emissions in Scope 1 and targeting indirect greenhouse gases generated during the production process by 50 percent compared to 2017 standards in Scope 2. LG expects to reduce GHG emissions up to 20 percent in the product use stage compared to 2020 standards in Scope 3.

LG’s environmental commitment was on further display at last month’s Route to Net Zero: Asia conference hosted by Carbon Trust, the London-based business-led publicly funded organization founded 20 years ago to respond to climate change. The presentation covered the many LG appliances that have earned Carbon Trust Footprint Label and Water Footprint Certification for their effectiveness in reducing household carbon dioxide (CO2) emissions and water usage to minimize the products’ impact on the environment.

Under its recently unveiled Zero Negative Environmental Impact initiative, LG plans to establish more production sites that make a positive impact on the environment. To ensure that the company reaches its stretch goals for carbon neutrality and circular economy, LG announced its intention to reduce the use of petrochemical-based plastics by introducing up to 600,000 tons of recycled plastic into its manufacturing process by 2030 and nearly double the recovery of electronic waste to 8 million tons by the same year.

“As an industry leader, LG takes its responsibility as a good corporate citizen in the global community very seriously,” said Kim Joon-ho, executive vice president and head of LG Electronics’ Quality Management Center. “LG is firmly committed to realizing our carbon neutrality and net-zero science-based targets so that future generations will still be able to say that life’s good.”

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LG Smart TVs Now Feature Auto Switching to Filmmaker Mode on Prime Video Content

Prime Video Customers With LG TVs Can Automatically Experience
Movies and Series as Filmmakers and Directors Intended

 An LG TV displaying the Prime Video logo in the center of the screen with smaller LG and Filmmaker Mode logos in the top corners.

SEOUL, Oct. 29, 2021 — Starting this week, LG begins rolling out a feature update which will enable all LG 2020 and 2021 4K and 8K UHD Smart TV customers around the world to automatically be able to view movies and series on Prime Video in Filmmaker ModeTM, allowing them a viewing experience the way the content creators intended it.

Filmmaker Mode was created by the UHD Alliance, comprised of the world’s leading consumer electronics manufacturers, film and television studios, content distributors and technology companies, seeking to ensure the best UHD viewing experiences. First unveiled in 2019 and featured in LG TVs in 2020, Filmmaker Mode was designed to preserve the visual intent of the content creator, bringing the home viewing experience as close as possible to that of an actual theatrical release.

LG and Amazon now take that vision a step further with Prime Video content embedded with a signal that automatically triggers Filmmaker Mode on 4K and 8K UHD LG TV models running webOS 5.0 and webOS 6.0.1 This ability for compatible TVs to detect and adjust settings to Filmmaker Mode without the need for the viewer to change the setting manually is an industry first and paves the way for future TVs to better support streaming services without imposing additional steps on viewers.2

While picture processing features such as motion smoothing and image sharpening are ideal for most forms of content including sports and TV shows, they can sometimes make feature films look a little too smooth and overly processed. Filmmaker Mode automatically turns off any picture processing settings that can make movies feel somewhat unnatural and cause them to display differently to how their directors would want while also maintaining the film’s original aspect ratio, colors and frame rate for a more authentic experience. Combined with the deepest blacks, enhanced contrast and vibrant colors of LG’s advanced TVs, viewers will get to experience unparalleled depth and realism through Prime Video’s vast selection of movies and series, including Amazon Originals such as The Marvelous Mrs. Maisel, The Boys, The Tomorrow War and the highly anticipated upcoming series The Wheel of Time premiering November 19. One-click access to the Prime Video app is provided by the hot key on LG’s Magic Remote.3

In addition to stellar picture quality, LG’s UHD TVs including its stunning OLED TVs lineup, boast a range of features that further enhance the cinematic viewing experience. Dolby Vision™ IQ intelligently adjusts picture settings based on content genre and ambient light conditions, resulting in optimal image quality for every film and every environment. For superior sound, Dolby Atmos® enables detailed spatial surround that helps sweep viewers up in whatever they’re watching.

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1 Available on LG 2021 and 2020 4K and 8K UHD Smart TVs including all 4K OLED TVs via software update starting this week on compatible 2021 models.
2 Viewers have the option to confirm or decline Filmmaker Mode via a pop-up window. After confirmation, Filmmaker Mode can be manually turned off in the settings menu.
3 Available in select countries.

LG Announces Third-Quarter 2021 Financial Results

Highest Quarterly Revenues in Company History Reflect
Strong Demand for Premium LG Home Appliances and TVs

A picture of LG Twin Towers in the daytime

SEOUL, Oct. 28, 2021 — LG Electronics Inc. (LG) today announced third-quarter 2021 consolidated revenues of KRW 18.79 trillion (USD 16.23 billion), an increase of 22 percent from the same quarter last year and the highest quarterly revenue in the history of LG Electronics. Profitability also was strong in the quarter but was partially offset by a one-time charge. Operating profit of KRW 540.7 billion (USD 466.99 million) was 49.6 percent lower than the third quarter the previous year, reflecting a provision of KRW 480 billion (USD 415 million).

The LG Home Appliance & Air Solution Company posted third-quarter 2021 revenues of KRW 7.06 trillion (USD 6.1 billion) with operating profit of KRW 505.4 billion (USD 436.51 million). Sales increased 14.7 percent from the same quarter last year, exceeding KRW 7 trillion for the first time on the back of strong growth in the Americas and Europe. Product competitiveness and operational efficiencies are expected to help LG maintain growth momentum although at a slower pace due to increasing raw material costs.

The LG Home Entertainment Company achieved third-quarter 2021 sales of KRW 4.18 trillion (USD 3.61 billion), 13.9 percent higher than the same period last year. This was the fourth consecutive quarter with revenues over KRW 4 trillion, driven in large part by steady growth in demand for premium products such as OLED and large-screen TVs in the key markets of North America and Europe. Operating profit of KRW 208.3 billion (USD 179.91 million) declined from the third quarter last year due to an increase in component prices such as LCD panels.

The LG Vehicle component Solutions Company recorded revenues of KRW 1.74 trillion (USD 1.5 billion) in the third quarter of 2021, an increase of 4.8 percent from the same period in 2020. A third-quarter 2021 operating loss of KRW 537.6 billion (USD 464.32 million) includes the one-time charge of KRW 480 billion related to General Motors’ recall of the Chevy Bolt EV. Although the industry saw an increase in demand for automobiles including EVs during the quarter, the global automotive market experienced significant disruption due to the shortage of semiconductors. In the fourth quarter, the company will focus on strengthening its global supply chain through greater collaboration with auto OEMs and other component providers.

The LG Business Solutions Company increased sales in the third quarter to KRW 1.69 trillion (USD 1.46 billion), up 13.9 percent from a year ago thanks to continued growing demand for information display products, PCs and monitors as well as the gradual recovery of the B2B segment. An operating loss of KRW 12.3 billion (USD 10.62 million) was caused by higher prices of major components including LCD panels, semiconductors and solar wafers as well as an increase in global logistics costs. In the final quarter of the year, the company plans to aggressively target the recovering B2B segment while improving product competitiveness and operational efficiencies.

2021 3Q Exchange Rates Explained

LG Electronics’ unaudited quarterly earnings results are based on IFRS (International Financial Reporting Standards) for the three-month period ending September 30, 2021. 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 1157.83 per USD.

Earnings Conference and Conference Call

LG Electronics will hold a Korean / English conference call on October 28, 2021 at 16:00 Korea Standard Time (07:00 GMT/UTC). Conference call participants are instructed to pre-register online to receive a private PIN, dial +82 31 810 3130, enter passcode 6418# and then the PIN. The corresponding presentation file will be available for download at the LG Electronics website before the call.

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Giving Hope to Overwhelmed Hospitals and Overworked Medical Staff

LG Electronics representatives and Kailash Hospital staff pose with a giant key to commemorate LG’s donations.

India has seen its share of challenges during this pandemic. So when a powerful second wave overwhelmed health facilities in April 2021, LG’s team in the country sprang into action. With a long history of community building in India, LG pledged USD 5.5 million to a project overseeing the creation of makeshift hospitals and the supply of life-saving medical equipment to help those in desperate need of hospital beds, equipment and much-needed oxygen.

The entrance of the Kailash Hospital with LG Stands Strong with India posters being displayed.

By working in unison with local government bodies and NGOs – People to People Health Foundation, United Way Mumbai and Doctors for You – LG identified 21 government hospitals feeling the full force of the pandemic in cities such as Delhi, Bangalore, Pune, Udaipur, Lucknow, Chennai and Sikkim. The allocation of equipment to hospitals was determined by requests received directly from hospital management and assessment of the program coordinators.

LG-donated medical beds inside a local hospital.

LG also donated medical beds, ventilators, digital scanning machines, oxygen cylinders and lifesaving ambulances to more than 21 hospitals with a keen eye on making sure that rural towns such as the southernmost town of Kanyakumari far from the New Delhi nerve center weren’t left out. This life-saving support allowed All India Institute Of Medical Sciences (AIIMS), one of India’s most sophisticated medical facilities, to make more beds available to COVID-19 patients.

Two ambulances LG donated to local hospitals.

With daytime temperatures hovering around 41°C (106°F), wearing masks and protective gear made working in India’s hospitals insufferable. Aware of the heavy burden on the medical staff and the long hours they were working every day under extreme conditions, LG donated appliances such as air conditioners, refrigerators and washing machines to help hospitals in the region provide their real-life superheroes with more comfortable environments.

A woman entering a hospital in India where LG donations are helping people in need.

This wasn’t the first time LG lent a helping hand to communities since the pandemic began and it certainly won’t be the last. At the start of the lockdown in April of 2020, LG joined forces with the Akshaya Patra Foundation to bring one million meals to Indians in need. This latest initiative by LG will allow every hospital to be fully operational, treating the maximum number of patients.

In the meanwhile, LG will be working nonstop to make life good for millions as the pandemic continues in India.

Contributed by LG India

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Helping to Create a Better Future With Startups

LG Electronics announced the first group of startup companies that have been accepted into LG NOVA’s Mission for the Future global challenge program. As a part of the Proto Challenge, a preliminary startup competition designed to feed into LG NOVA’s global challenge program, eleven companies were selected based on their proposed solutions for a better life in the areas of connected health, energizing mobility, smart lifestyle, the metaverse and innovation for impact. These are key areas that LG NOVA is focusing on in its effort to build for the future with innovative startups.

The winners of the LG NOVA Proto Challenge in the areas of Connected Health, Smart Lifestyles, Energizing Mobility, Metaverse and ESG Special Project.

The startups selected from the Proto Challenge competition will be joined by 40 additional companies selected in the Mission for the Future Challenge to become the First Fifty to work with LG NOVA’s incubation team. LG NOVA and the selected startups from both challenges will work closely together to refine their business and engagement ideas to potentially unlock resources and funding for proof-of-concept development and grow a business in collaboration with LG.

The companies were selected based on the following criteria: a clear vision to growing business with LG, a convincing pathway to commercialization and the uniqueness of the proposed solution or product. LG NOVA intends to provide up to USD 20 million in funding and resources to support the top 10 chosen businesses from the challenge.

An illustration of a couple working out with the help of a smartphone health app.

The selected companies from the Proto Challenge are:

In Connected Health:

  • Quiqmeds – A SaaS platform providing an alternate solution to retail pharmacies that use dispensing units for prescription fulfillment in physicians’ offices at the point of care. The solution puts the prescribed drug in the hands of the patient within minutes when they are still at the doctor’s office.
  • XRHealth – XRHealth operates state-of-the-art Virtual Clinics, utilizing proprietary FDA registered medical virtual reality (VR/AR) applications. XRHealth integrates immersive VR/AR technology, licensed clinicians and advanced data analytics on one platform, providing a comprehensive therapeutic care solution for patients to receive treatment from the comfort of their home. The company focuses on three main therapeutic areas: pain management, neurological disorders and behavioral health.
  • MayaMD – MayaMD develops and sells engaging artificial intelligence (AI) platforms that improve healthcare. Maya’s solutions quickly gather a user’s symptoms, past medical history and/or laboratory results and convert this data into a list of potential diagnoses and follow-up care suggestions. By enhancing communication between patients and clinicians, the tools create an opportunity for better health outcomes.

 An illustration of green technologies including an electric vehicle and charging station, solar panels, wind turbines and a hydroelectric power station.

In Energizing Mobility:

  • Driivz – An end-to-end EV charging management platform offering operations management, energy management, user management, public and workplace and EV fleet charging management, as well as various advanced billing capabilities and EV driver applications.
  • Resilient Power – EV charging stations that reduce the grid upgrades, size, permitting and installation labor by 90 percent.
  • SparkCharge – One of the world’s first mobile and intelligent on-demand EV charging network. 

In Smart Lifestyles:

  • EveryKey – Military-grade smart key that wirelessly unlocks your devices and online accounts when you’re nearby, then locks everything down when you walk away.
  • Chefling – The first AI-powered kitchen assistant providing a single platform to connect all your kitchen and cooking needs in today’s smart home.

An illustration of three people enjoying a smart lifestyle with a smart TV and other Wi-Fi-enabled devices.

In The Metaverse

  • IQ3Connect– A web-based VR/AR platform for rapidly delivering scalable remote collaboration and training solutions.
  • I3M.tv – Lets people connect, communicate and experience together in lifelike, immersive and interactive environments optimized for 3D and VR. The platform is updated with new experiences and features weekly. I3M.tv is backed by multinational investors and is poised to expand across multiple verticals such as entertainment, virtual travel, hospitality and more.

And Lastly in Innovation for Impact:

A.KIN – Women-led company that uses AI avatars and robots to help users run their homes, specifically providing support for people living with disabilities and caregivers.

Following the close of the challenge applications, LG NOVA will be hosting Mission Launch, a virtual event series for startups, from November 15-19.

The event will feature industry leaders from across corporate technology companies, domain experts, founders and entrepreneurs, all innovating to address global issues and challenges. In addition, during the week, attendees will hear advice from VCs, advisors, corporate and marketing leaders on positioning their business for growth in this changing landscape. All applicants are invited to join LG NOVA and experts across the industry to discuss the key topics that will impact our future.

Register for the event at missionlaunch.lgnova.com.

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Thanking Korean War Veterans in Africa

Representatives of LG and Habitat for Humanity Ethiopia outside a house rebuilt through LG’s campaign.

Since 2013, LG has taken a special interest in Ethiopia for its CSR initiatives, from providing technical job skills to cholera vaccines. Starting last year, LG has committed to increase its corporate social responsibility with another huge program to contribute to the social problem of housing.

An Ethiopian house with cracked mud walls before being rebuilt through LG’s Life’s Good: Hope Village campaign.

It is estimated that 70 percent of homes in Ethiopia need total replacement, with most of the houses made of wood and mud that are plagued with cracked walls, leaking roofs and dirt floors without proper sanitation and kitchen facilities. According to UN Habitat’s World Cities Report 2020, about 66 percent of Ethiopia’s urban population still live in slums.

Ethiopian construction workers tearing down cracked walls for the Life’s Good: Hope Village campaign.

What’s more, according to Habitat for Humanity, about 73 percent of Ethiopians don’t have access to safe drinking water while 90 percent don’t have access to sanitation facilities, posing a dangerous risk as 60 to 80 percent of communicable diseases are attributed to limited access to safe water, inadequate sanitation and hygiene services. Diarrhea is the leading cause of mortality in Ethiopia of children under five years of age, accounting for 23 percent of all under-five deaths or more than 70,000 children a year.

A new concrete home built through LG’s Life’s Good: Hope Village campaign in Ethiopia.

So as part of its ongoing Life’s Good: Hope Village campaign in Ethiopia, LG initiated a project to provide comfortable and sanitary housing, improved water, sanitation and hygiene (WASH) to families of Ethiopian soldiers who fought beside Koreans during the Korean War. A total of 13 houses were built with walls and floors made of concrete to resist heavy winds and storms, much sturdier than traditional mud and wood. The two and three bedroom homes all had access to a new communal lavatory and kitchen as well. The new homeowners were presented with keys to their homes at a handover ceremony last month. At the event, South Korean Ambassador Kang Seok-hee applauded LG’s initiative in improving relations between Ethiopia and South Korea.

An LG representative speaks in Ethiopia during the Key Handover Ceremony of the Life’s Good: Hope Village campaign.

“LG showed that a private company can play a role of public diplomacy by completing this project in a fairly speedy manner,” Ambassador Kang said. “I am confident that the friendship between Korea and Ethiopia has become much stronger with the public diplomacy activity of LG.”

The Addis Ababa City administration office has also expressed its appreciation for the practical support provided by LG in different social settings and committed to collaborating with LG for the success of all future projects.

LG will continue to engage in various social activities to make sure it can make life better for all and promote mutual growth around the world.

Contributed by LG Ethiopia

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Retro Meets Next-Gen at Goldstar Arcade in Seoul

The façade of the Gold Star Arcade opened in Seoul, Korea.

One of the hot spots for hipsters in Seoul, Seoungsu-dong is a perfect destination for zoomers and Instagrammers craving fresh, new experiences. A busy industrial area in years gone by, the district is now a vibrant hub of creative energy and unexpected charm; its abandoned warehouses and factories reborn as Instagram-worthy cafes and shops. Right now, one of the area’s main attractions is the Goldstar Arcade, a pop-up retro gaming parlor opened by LG Electronics (LG) inside a suitably cutting-edge fashion concept store.

Inside the Gold Star Arcade fully equipped with various LG electronic devices.

Open from October 21 to December 19 this year, LG’s Goldstar Arcade features “Newtro,” the innovative combining of retro and modern sensibilities to deliver a variety of all-new experiences. Visitors can explore several different zones, including the OLED Gaming Zone and Lifestyle Experience Zone. And once they’re done gaming, they can relax in the arcade’s chic café, which sells delectable treats and exclusive merchandise.

A couple playing an arcade game at Gold Star Arcade in Seoul.

Reminiscent of an old-school game arcade, the OLED Gaming Zone is where visitors can play nostalgic arcade classics and newer console titles on LG’s stellar OLED TVs. With their powerful gaming performance and immaculate picture quality, the company’s next-gen TVs have what it takes to instantly turn any gamer into a fan.

The OLED Tunnel installed at Gold Star Arcade in Seoul.

Additionally, the arcade boasts the Self-Lit Tunnel, which represents the self-illuminating pixels that give LG OLED TV its vibrant colors, deep blacks and superb contrast. Visitors pass through the tunnel to get to the OLED Gaming Zone, where they can unwind by gaming on one of the 10 state-of-the-art LG OLED TVs installed there. Anyone who loves racing games should definitely pull in to LG’s “victory lane,” where three 48-inch LG OLED TVs are seamlessly connected to give players a very real sense of being in the cockpit of a ridiculously fast race car.

 The Gold Star Arcade merchandise on display inside the venue.

Inspired by 1970’s American diners, the café adds to the unique vibe of the Goldstar Arcade. As well as being a great place to recoup before the next race, match or battle, the café is also where visitors can head to buy exclusive merchandise, including canvas tote bags, tea mugs and tumblers, all emblazoned with the logo of LG’s precursor, Goldstar.

With engaging, interactive experiences like those on offer at the Goldstar Arcade, LG will continue to connect with younger consumers while highlighting the unmatched performance and capabilities of its industry-leading OLED TVs.

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Fourth Industrial Revolution Well Underway

Many decades have passed since the first and second industrial revolutions birthed the factories, transportation and infrastructure that changed the world forever. The third industrial revolution is well underway and if LG has any say, the next revolution will be no less disruptive, with smart technologies changing both corporate cultures and customer experiences on a global scale.

A view overlooking LG Smart Park I at Changwon
LG Smart Park I at Changwon

LG is embracing this change with the digital transformation of its manufacturing processes, starting with its largest appliance facility. After four years and USD 668 million, LG transformed its main home appliance plant in Changwon into the eco-minded LG Smart Park. The first phase, Changwon Plant 1, will begin churning out refrigerators and water purifiers starting this month.

A photo regarding Kitchen appliance manufacturing automation
Kitchen appliance manufacturing automation

This digital transformation significantly increases automation in the process of manufacturing kitchen appliances, from assembling and inspecting to packaging the products. The integrated monitoring system employs big data and deep learning to further enhance production efficiency and quality competitiveness. What’s more, energy efficiency and safety are enhanced thanks to a more advanced energy management solution and earthquake-resistant architecture.

5G-powered automated guide vehicle in LG Smart Park
5G-powered automated guide vehicle

The factory’s logistics system has also been strengthened to secure the highest productivity possible through 5G-powered automated guide vehicles and an automatic supply system boasting cutting-edge technologies. Intelligent unmanned warehouses and high-altitude conveyor belts enable this next-generation facility to increase its annual production capacity from 2 to 3 million units.

A high-altitude conveyor belt delivering supplies inside the smart factory
A high-altitude conveyor belt delivering supplies inside the smart factory

LG Smart Park is optimized for LG’s modular design process which simplifies manufacturing to significantly reduce time and cost. Modular design simplifies and standardizes components that go into a product (like LEGO blocks) to more efficiently produce various products. This allows LG to reduce the time needed to develop new products that reflect the needs of different consumers.

A view overlooking LG Smart Park I at Changwo

LG’s plan for Smart Park is to expand the facility to six lines across two buildings by 2024 all the while continuing to deliver new value to consumers, enhancing and expanding its premium home appliance production systems on a global scale.

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Making Life Better Through Low Impact Living

A large field with several wind turbines during a beautiful sunset.
Photo Credit: Karsten Würth on Unsplash

One of the topics today’s consumers are most interested in is how we can be kinder to our planet while still living our daily lives. This expectation also carries over to companies and organizations as ultimately we are all in this together. As part of LG’s Life’s Good Campaign, LG is collaborating with British influencer Immy Lucas, creator of the YouTube channel Sustainably Vegan and environmental movement, The Low Impact Movement, to create a video showcasing a more sustainable way of living.

A large LG billboard display in New York City’s Times Square playing LG’s Life's Good video.

As an environmental influencer and creator, Immy creates content around sustainability, eating seasonally and zero waste living. She wanted to marry the two ideas by choosing locally grown food that’s in season, rather than “vegan” foods that had been shipped around the world. She tries to share accessible and easy ways to live sustainably.

Immy posing with her homegrown vegetables which represent one of her ways of living sustainably.

An extension of the Life’s Good Film Project, the jointly produced Life’s Good: Environment video highlights how small changes can make a big difference in the environment. The four-minute video weaves together footage from the Life’s Good Film Project with compelling new content that encourages everyone to play their part in protecting this planet.

A screenshot from LG's Life's Good video with different kinds of plants and the phrase

This new video consists of four chapters: Life’s Connected, Life’s Delicious, Life’s Regenerative and Life’s Good When We Learn and Teach Others. The message is for people to come together as a global community and take small steps to adopt a lower impact lifestyle for a more sustainable future, at the same time emphasizing the importance of protecting the world’s ecosystems.

A screenshot from LG's Life's Good video showing Immy walking through a green field.

“If we want future generations to inherit a healthy planet, one that’s capable of sustaining and nurturing them, it is essential that all of us make some changes in our lives today,” said Immy. “Through small adjustments in how we live, we can help ensure life’s good for our children, and for their children too.”

A view from LG's Life's Good video overlooking a community living in harmony with nature, with the phrase

Starting today, the trailer for Life’s Good: Environment will be viewable on LG’s digital billboards in New York City’s Times Square and London’s Piccadilly Circus. The entire video is also available on LG’s global YouTube channel and Instagram account where additional information on LG’s 2021 Life’s Good campaign can also be found.

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