STATEMENT REGARDING LG ELECTRONICS' PARTICIPATION IN MOBILE WORLD CONGRESS (MWC) 2020

STATEMENT REGARDING LG ELECTRONICS’ PARTICIPATION IN MOBILE WORLD CONGRESS (MWC) 2020

SEOUL, Feb. 5, 2020 — LG Electronics is closely monitoring the situation related to the novel coronavirus outbreak, which was recently declared a global emergency by the World Health Organization as the virus continues to spread outside China.

With the safety of its employees, partners and customers foremost in mind, LG has decided to withdraw from exhibiting and participating in MWC 2020 later this month in Barcelona, Spain.

This decision removes the risk of exposing hundreds of LG employees to international travel which has already become more restrictive as the virus continues to spread across borders.

In lieu of its participation in MWC, LG will be holding separate events in the near future to announce its 2020 mobile products.

LG Electronics thanks its supporters and the public for their understanding during these difficult and challenging times.

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APPLE TV APP AND APPLE TV+ NOW AVAILABLE ON 2019 LG TVS IN MORE THAN 80 COUNTRIES

With the Apple TV App, LG TV Owners Can Now Enjoy Apple TV+,
Apple TV Channels and More in Stunning Dolby Vision

SEOUL, Feb. 4, 2020 — LG Electronics (LG), which introduced its 2020 smart TVs with the Apple TV app in January at CES, is now launching the Apple TV app for compatible 2019 LG smart TVs in over 80 countries. Easily accessed from the LG Home Launcher, the Apple TV app gives LG TV owners the ability to subscribe to and watch Apple TV+, Apple’s new video subscription service that features popular Apple Originals such as “The Morning Show,” “See,” “Servant” and “Little America.”

With the Apple TV app, LG TV owners can also subscribe to Apple TV channels — direct subscriptions to premium video services available both online and offline, ad-free and on demand — and access their iTunes video library and buy or rent over 100,000 movies and TV shows. A quick click of the LG Magic Remote is all it takes to get started.

LG’s TVs offer users a cinematic experience with the best picture and sound on the market to match the constantly growing number of programs from top global content providers. With a wide range of titles available in Dolby Vision, the Apple TV app is an ideal match for LG’s TVs. LG was an early adopter of Dolby technology, and its latest TVs continue to support Dolby Vision, offering users the most immersive viewing experience with truly vivid colors, greater depth and stunningly realistic sound.

LG’s 2019 TVs also support Apple AirPlay 2, which allows users to share or mirror content from their iPhone, iPad or Mac directly to an LG TV. Customers can also play music on the TV and sync it with other AirPlay 2 compatible speakers anywhere in the home. Also supported is Apple HomeKit, which lets users easily and securely control their TV with the Home app on their iPhone or iPad or by voice using Siri, enabling them to power on or off, change volume, switch inputs and more.

LG TV customers can now enjoy Apple TV in addition to AirPlay 2 and HomeKit on all of LG’s 2019 OLED TVs, NanoCell TVs (series SM9X and SM8X) and later this month, the Apple TV app will roll out on select UHD TVs (series UM7X and UM6X). The Apple TV app and Apple TV+ will be available on 2020 TVs at launch and on LG’s 2018 TVs later this year via an over-the-air firmware upgrade.

“LG continues to offer the best home entertainment experience through technological innovations that support the delivery of high quality viewing and user convenience,” said Park Hyoung-sei, president of the LG Home Entertainment Company. “By bringing the Apple TV app and Apple TV+ to even more TV models, we are once again demonstrating our determination to meet consumers’ needs and add value to our products.”

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COMPLETE CLOTHING CARE, THE LG WAY

The LG Styler is placed in a room between two white open wardrobes full of clothes

Frequent trips to the dry cleaners are not only expensive, but time consuming and often difficult to fit into our busy schedules. The ubiquitous doorknob or chair becomes a holding place for clothes that you want to take to get cleaned but put off until you have the time.

Fret no more because LG has created a clever solution to this common problem with the new LG Styler.

Ahead of the Styler launch in the U.K., LG hosted an event to introduce the British public to this unique product. Representing a new way to care for clothes and other accessories, the Styler boasts many practical uses and thoughtful features. Content creators and influencers from all over London attended the invite-only event, held at an exclusive club, to learn more about LG’s premium wardrobe management product.

Research into British consumer behavior and clothing care revealed strong interest in a product that could clean, dry and disinfect clothes. In the demonstration that followed, the Styler showed off its many capabilities beyond just refreshing clothes, such as sterilizing handbags and even children’s toys. Using powerful steam, items of various types and materials from suits and hats were cleaned, disinfected, deodorized, pressed and dried in a matter of minutes.

The Styler fully refreshed the coat of a guest who was caught in the rain prior to the event, highlighting Gentle Dry mode and LG’s efficient Heat Pump technology. (Rain in London… who knew!?) And to showcase the innovative device’s powerful sanitizing feature, a plush toy was gently and completely refreshed in almost no time at all. “I didn’t expect such an item to have so many uses in the home,” remarked one impressed guest.

What’s more, with LG’s patented TrueSteam™ technology, the Styler eliminates over 99.9 percent of germs and bacteria found in clothing and toys. The one-of-a-kind appliance can effectively prolong the life of not only clothes but a whole variety of household items.

The Styler continues LG’s tradition of discovering and fulfilling the needs of consumers through technology. As Shelby Deering from Good Housekeeping put it, the Styler is “one of those products that’ll make you wonder how you ever lived without it.”

Writing for Ideal Home, Tamara Kelly noted that, although the premium product doesn’t come cheap, it is hard to “put a price on perfectly pressed clothes with minimal effort,” concluding that “It’s time to step away from the ironing board folks.”

The private event allowed LG to communicate the benefits of the Styler to an educated audience that clearly saw the role such a product could play in the home. A new concept in clothing management, the Styler speaks to LG’s ceaseless innovation and ongoing ability to find ingenious ways to solve everyday problems and make life better.

LG Styler will be available in the U.K. starting this month.

By LG U.K. Staff

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LG Announces 2019 Financial Results

A picture of LG Twin Towers in the daytime

Record Sales and Profitability for Home Appliances Contribute to
Highest Annual Revenue in Company History

SEOUL, Jan. 30, 2020 — LG Electronics Inc. (LG) today announced another record breaking sales year with revenues of KRW 62.31 trillion (USD 53.47 billion) in 2019, reflecting strong demand for premium home appliances such as LG SIGNATURE and high-growth, category-creating products. Full-year operating profits of KRW 2.44 trillion (USD 2.09 billion) were strong again in 2019 although 10 percent lower than 2018 due to increased investments in marketing and future technologies.

Fourth-quarter 2019 revenues of KRW 16.06 trillion (USD 13.65 billion) were 1.8 percent higher than the same period in 2018 and 2.3 percent higher than the previous quarter while quarterly operating income of KRW 101.8 billion (USD 86.5 million) was a sound 34.5 percent higher than the final quarter of 2018.

The LG Home Appliance & Air Solution Company had a strong year, reporting record full-year 2019 revenues of KRW 21.52 trillion (USD 18.47 billion), an 11 percent increase from the previous year, and operating profit of KRW 2 trillion (USD 1.71 billion), its highest in history. Quarterly sales of KRW 4.62 trillion (USD 3.92 billion) – the highest fourth quarter in the company’s history – were nearly 7 percent above the same period the previous year due to healthy demand in North America and Europe while operating income of KRW 122.2 billion (103.86 million) increased 8.5 percent from the same period 2018.

The LG Home Entertainment Company reported full-year revenues of KRW 16.15 trillion (USD 13.86 billion), relatively unchanged from 2018 while operating income of KRW 980 billion (USD 841.17 million) declined from the previous year. Fourth-quarter 2019 sales of KRW 4.59 trillion (USD 3.90 billion) remained unchanged from the same period of 2018 and 18.7 percent higher than the previous quarter, resulting in an operating income of KRW 110 billion (USD 93.5 million) due in large part to increased marketing costs.

The LG Mobile Communications Company recorded 2019 revenues of KRW 5.97 trillion (USD 5.12 billion). Fourth-quarter sales of KRW 1.32 trillion (USD 1.12 billion) declined from the same period a year earlier due to sluggish sales of mass-tier smartphones in overseas markets. A full-year operating loss of totaled KRW 1.01 trillion (USD 866.75 million) reflected increased marketing expenses to support flagship devices. LG’s 2020 mobile business improvement strategy hinges on the introduction of new mid to premium 5G smartphones and continued cost-efficiency efforts.

The LG Vehicle Component Solutions Company reported solid full-year 2019 revenues of KRW 5.47 trillion (USD 4.69 billion), a 27 percent increase from 2018 and the highest annual sales in the company’s history. Quarterly revenues of KRW 1.36 trillion (USD 1.15 billion) were 3 percent lower than the fourth quarter of 2018 as a result of slower auto sales. Despite a 2019 operating loss of KRW 194.9 billion (USD 167.27 million), the company expects to benefit from additional cost competitiveness and enhanced profitability as the electronic vehicle market continues to expand in 2020 in response to stronger European environmental regulations.

The LG Business Solutions Company recorded 2019 revenues of KRW 2.67 trillion (USD 2.29 billion) with an operating income of KRW 246.8 billion (USD 211.82 million). Fourth-quarter revenues of KRW 672.8 billion (USD 571.8 million) were 13 percent higher than the same period 2018 while quarterly operating profit of KRW 66.4 billion (USD 56.4 million) remained healthy as a result of strong demand for premium digital displays and solar modules.

2019 Exchange Rates Explained

LG Electronics’ unaudited quarterly earnings results are based on IFRS (International Financial Reporting Standards) for the three-month period ending December 31, 2019. For 2019 4Q revenues and operating profit, 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 1,176.57 per USD.

LG Electronics’ unaudited annual earnings results are based on IFRS (International Financial Reporting Standards) for the twelve-month period ending December 31, 2019. For 2019 annual revenues and operating profit, amounts in Korean won (KRW) are translated into U.S. dollars (USD) at the average rate of the twelve-month period of 2019 — KRW 1,165.16 per USD.

Earnings Conference and Conference Call
LG Electronics will hold an English language conference call on January 31, 2020 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 6418#. 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 January 30, 2020. 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 142970# when prompted.

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First to Market: A Tradition of Innovation

A five-picture collage showing LG's world’s-first technological achievements, including the first 5G smartphone, curved UHD TV, 8K OLED TV and washing machine with TwinWash technology

To be the first to introduce something new to the world is an achievement worth celebrating.
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The creation of a never-before-seen product or technology requires a spirit of innovation as well as hard work and determination, among other traits. In an industry such as consumer electronics where many global competitors vie to be first to market with new products and technologies, the ability to introduce something truly unique before anyone else is becoming more difficult. And the ability do so year after year… this is a rare and exceptional feat.
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Yet that is exactly what LG does.

LG has made it a tradition to announce significant “firsts” at industry trade shows. Innovations that LG has unveiled at shows such as CES and IFA in Berlin are already finding their way into customers’ homes to make their lives better. As we enter a new decade, let’s take a look at some of the industry-first home appliances LG has introduced over the past ten years.

Announced at CES 2020 earlier this month, LG’s AI DD washing machine represents 20 years of upgrades and refinements to the company’s pioneering Direct Drive motor and is an industry first for its ability to incorporate artificial intelligence in its operation. With AI, the washer can detect the volume and weight of a load of laundry, identifying the different fabrics comprising each load to determine the optimal wash cycle to ensure the best results.

Another first announced at CES 2020 is LG InstaView™ with Craft Ice™, the first-ever refrigerator to produce spherical ice. Because round ice melts slower than cubed ice, LG’s Craft Ice helps drinks keep their flavor longer and makes you the best bartender on the block.

The first-of-its-kind capsule-based craft beer maker, LG HomeBrew streamlines the home-brewing process and produces delicious, thirst-quenching beer. Winner of a CES 2019 Innovation Award, the system uses an optimized fermentation algorithm and offers the effortless convenience of self-cleaning.

Another first in refrigerator technology is the InstaView Door-in-Door™ feature which was initially introduced in the LG SIGNATURE refrigerator in 2016. Knocking on the glass instantly turns the tinted outer window of the refrigerator or oven transparent, allowing users to view the interior without letting the cold or heat escape.

In 2015, LG unveiled a disruptive new product in the washing machine category. Its front loading washer’s revolutionary TWIN Wash™ System, the first of its kind, enables two separate loads to be washed simultaneously. With a space-efficient mini washer in the pedestal, overall cycle times are reduced with fewer loads required.

LG Styler continues to be an outlier in home appliances ever since its appearance in 2011. Using TrueSteam™ in place of water to sterilize and refresh garments by eliminating wrinkles and unpleasant odors, this clothing management system continues to set the industry bar for convenience and effectiveness when it comes to caring for clothes that until now, had to be dry cleaned.

LG has made “doing it first” something of a tradition and will never cease seeking out new and better ways to make life good. Stay tuned for part two where the focus will turn to LG “firsts” in display and audio technologies.

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LG Electronics Collects Record Number of Awards at CES 2020

The LG SIGNATURE OLED TV R displayed behind numerous awards LG Electronics (LG) won during a record-breaking CES for the company

LG OLED Wins Official Best TV of CES Award for Sixth Consecutive Year

SEOUL, Jan. 17, 2020 – LG Electronics (LG) took home the most awards ever from industry experts at CES^® – more than 150 honors this year, led by the Best TV of CES Award for the sixth consecutive year. The Best of CES Awards (the official CES awards program run by Engadget on behalf of the Consumer Technology Association) singled out the LG CX series OLED TVs as the cream of the crop from the literally thousands of new TVs shown at CES.

LG continued its dominance in the TV category with its industry-leading LG OLED TVs winning 83 awards and honors from a wide range of industry experts. The cutting-edge LG SIGNATURE OLED R “rollable TV” was honored by the Consumer Technology Association with the CES Best of Innovation Award in the Video Displays category. The LG SIGNATURE OLED Z 8K TV was honored as the CTA Mark of Excellence Video Display Product of the Year. LG’s NEXTGEN OLED TVs powered by ATSC 3.0 received two dozen awards.

The new LG ThinQ front-load washing machine with AI DD received the most accolades among LG home appliances at this CES, recognized by USA Today and Newsweek, among others. LG’s InstaView™ Door-in-Door^® Refrigerator with Craft Ice™ featuring a new slow-melting Craft Ice dispenser also had an impressive showing receiving the CTA Mark of Excellence Award, CES Innovation Award and recognition from Women’s Health.

LG G8X ^ThinQ with Dual Screen and 5G smartphones received CES Innovation Awards, while recognition went to LG’s new AI-infused Proactive Customer Care service and the jaw-dropping LG OLED “Wave” exhibition that welcomed tens of thousands of visitors to the LG booth.

Overall, LG won 17 CES Innovation Awards (CTA’s official program recognizing the best of the best at CES) across the home appliance, home entertainment and mobile communications categories, and LG received top accolades from tech experts and pundits at Time, Newsweek, USA Today/Reviewed.com, Engadget, Future, Good Housekeeping, The Verge, Architectural Digest, among many others.

Top awards earned by LG at CES 2020 include:

LG CX 4K OLED TV
• Engadget: Best of CES
• PC Mag: Best of CES
• Reviewed.com: Editor’s Choice Award
• Pocket-lint: Best of CES
• HD Guru: CES Top Pick
• CTA Mark of Excellence: Video Display Product of the Year

LG GX Gallery Series 4K OLED TV
• Gear Patrol: Editor’s Pick CES 2020
• BGR: Best of CES 2020
• HD Guru: CES Top Pick
• TechRadar: Best TVs of CES

LG SIGNATURE OLED ZX 8K TV
• CES 2020 Innovation Award
• CTA Mark of Excellence: Video Display Product of the Year
• Gadget Match: Best of CES 2020
• BGR: Best of CES 2020

LG SIGNATURE OLED RX TV
• CES 2020 Innovation Award
• Engadget: Best New TVs at CES 2020
• SPY: Best of CES 2020

LG Soundbar SN11RG
• CES 2020 Innovation Award
• CTA Mark of Excellence: Loudspeaker of the Year: Soundbar

LG PuriCare Mini Air Purifier
• CES 2020 Innovation Award
• CTA Mark of Excellence: Emerging Technologies / Disruptor / Miscellaneous Home Technology Enhancements

LG ThinQ Front-Load Washing Machine
• USA Today/Reviewed.com CES Editors’ Choice Awards: Editor’s Choice
• Newsweek: Best of CES 2020

LG Proactive Customer Care
• USA Today/Reviewed.com CES Editors’ Choice Awards: Editor’s Choice

LG G8X^ThinQ with Dual Screen
• CES 2020 Innovation Award

For more information on LG’s CES 2020 awards and honors and additional information about LG’s products announced at CES, please visit www.LGnewsroom.com.

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LG to Join Forces with Cerence on AI-Powered Connected Car Platform

Dr. I.P. Park, president and CTO of LG Electronics, shakes hands with Sanjay Dhawan, CEO of Cerence, to begin their partnership for new state-of-the-art in-car experiences

Companies Enter MOU to Develop Solutions Based on webOS Auto and Cerence ARK

SEOUL, Jan. 14, 2020 — LG Electronics (LG) announced the signing of a memorandum of understanding with Cerence Inc. (Nasdaq: CRNC), which recently spun off from Nuance Communications, Inc. as an independent automotive software company, to develop a new software solution that integrates LG’s webOS Auto In-Vehicle Infotainment (IVI) system with Cerence ARK (AI Reference Kit), a new turnkey voice assistant for the automotive market.

Together, the companies aim to create and advance a more convenient in-car experience through voice commands that allow drivers and passengers to have far more control over car functions, navigation and multimedia content. The partnership is expected to deliver more efficient management of resources required to integrate Cerence ARK with webOS Auto, aiming to provide OEM and Tier 1 manufacturers with a pre-packaged, full-stack IVI software system that will shorten the time-to-market, bring an immersive voice experience and rich content ecosystem to connected cars and improve the user experience inside the vehicle.

LG’s webOS Auto is a Linux-powered IVI platform for connected cars designed to provide OEM and tier-one manufacturers with productivity and flexibility for the next generation in-vehicle experience. Cerence ARK is a turnkey automotive product that enables automakers to quickly develop, deploy and manage a fully localized automotive voice assistant.

“We look forward to this collaboration with Cerence to develop a turnkey voice solution for today’s auto and component makers to accelerate the arrival of the connected car,” said Dr. I.P. Park, president and CTO of LG Electronics. “We will continue to evolve webOS Auto by offering a wider range of AI-powered experiences for both manufacturers and auto customers.”

“We are honored and excited to partner with LG Electronics on a solution that harnesses the collective power and promise of webOS Auto and Cerence ARK,” said Sanjay Dhawan, CEO, Cerence. “This new offering will support automakers and tier-one suppliers as they rapidly innovate, speed the time to market, and deliver a state-of-the-art in-car experience unlike any other.”

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LG Electronics and Luxoft Establish WebOS Auto Joint Venture at CES 2020

Headquartered in California, Partnership Aims to Develop and Advance
webOS Auto Into a Market Leading Platform

LAS VEGAS, Jan. 10, 2020 — LG Electronics (LG) and Luxoft, a DXC Technology Company, entered into an agreement this week to jointly develop and expand the webOS Auto platform in production-ready systems.

Dr. I.P. Park, president and CTO of LG, and Dmitry Loschinin, executive vice president of DXC Technology and president and CEO of Luxoft, signed the agreement yesterday in Las Vegas during the CES^® 2020 exhibition. The new venture will be based in Santa Clara, California and is expected to commence operation in the first quarter of 2020 at which time the management team will be announced.

Through the new joint venture, LG and Luxoft will advance the deployment of production-ready digital cockpit, in-vehicle infotainment, rear-seat entertainment (RSE) and ride-hailing systems based on webOS Auto platform and make it available for automakers, fleet operators, and shared mobility services providers. LG’s webOS Auto platform provides features, functionality and incorporates all essential components such as multimedia processing, multi-display control, connectivity, security, offering improved comfort and convenience to passengers and drivers. The new venture will leverage Luxoft’s global engineering at-scale delivery network.

With webOS in more than 70 million smart TVs in homes worldwide, LG is revolutionizing the living room with the best user experience in the TV industry. With webOS Auto delivering an ecosystem of intelligent services and content streaming services from market leaders, LG is expanding its expertise by offering a unique consumer-grade experience in vehicles.

“Through this joint venture with Luxoft, we are aiming to strengthen LG’s automotive IVI platform and accelerate the arrival of connected vehicles by leveraging technologies” said Dr. Park. “We will continue to evolve the ecosystem of webOS Auto by providing a wide range of services with a growing list of partner companies.”

“This new venture reinforces Luxoft’s capabilities in the design, development and deployment of large-scale digital cockpit and connected mobility solutions based on open platforms,” said Loschinin. “The combined strengths of LG and Luxoft will create invaluable synergy to deploy the webOS Auto platform for digital, consumer-grade experiences to automakers and their key partners.”

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CES 2020: LG ThinQ Zone

LG to Accelerate B2B Innovation with Microsoft

Dr. Lee Sang-yong, senior vice president and head of LG’s Automotive & Business Solutions Center, shakes hands with Microsoft’s Sanjay Ravi to commemorate their new partnership to accelerate the digital transformation of B2B Business

LG Powers Automotive Infotainment and Building Management Systems
with Microsoft Azure Cloud and AI Technologies

LAS VEGAS, Jan. 9, 2020 — LG Electronics (LG) is working with Microsoft to build its automotive infotainment systems, building management systems and other business-to-business collaborations. As announced at CES 2020, LG will leverage Microsoft Azure and AI services to accelerate the digital transformation of LG’s B2B business growth engines.

A year ago, LG started its collaboration with Microsoft to enhance and further grow LG’s autonomous vehicle and infotainment system business. LG will expand the scope of new projects beyond the automotive sector and further into the commercial space.

LG plans to enhance its management systems to enable its Building Energy Control (BECON) system to manage and control HVAC (heating, ventilation, and air conditioning) systems more efficiently using Azure. While extending its BECON system around the world with Microsoft’s support, the company will develop the next version of BECON with Azure data and hybrid cloud + AI services.

The integration with Azure will further enhance LG’s in-vehicle infotainment solution. This builds on the powerful combination of LG’s webOS Auto and the Microsoft Connected Vehicle Platform for the next generation of connected vehicles. For the next version of webOS Auto, LG will provide various additional Human Machine Interface (HMI) experiences, especially in the in-vehicle entertainment and work efficiency areas.

LG’s infotainment systems will integrate virtual personal assistant technologies from LG with the Microsoft virtual assistant solution accelerator and automakers’ own personal assistants to enhance their brand experiences and provide various connected services to end users. This innovative HMI software platform is designed to advance the monetization of new digital services.

“Microsoft brings complementary technologies and synergy to advance LG’s B2B solutions,” said Dr. Lee Sang-yong, senior vice president and head of Automotive & Business Solutions Center at LG Electronics. “Our work with Microsoft will help drive competitiveness and the digital transformation for LG’s B2B areas, which represent the growth engine for the future.”

“Microsoft empowers mobility companies to digitally transform and identify new business opportunities,” said Sanjay Ravi, general manager of Automotive Industry at Microsoft Corp. “LG is fostering innovation and providing their customers with new value-added services by building its own digital capabilities and data-driven culture.”

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CES 2020: LG ThinQ Home

A front view of LG’s indoor gardening appliance and wine cellar built into the wall of the LG ThinQ Home Zone at CES 2020

CES 2020: Dual Screen Zone

A front view of LG G8X ThinQ’s and Dual Screen’s main display at CES, with four devices placed in front of a large screen illustrating their limitless applications

CES 2020: Innovation Zone

A view of the corner of LG’s 8K TV zone at CES 2020, with the company’s Mini LED and 8K NanoCell TVs on display

CES 2020: LG OLED Wave, LG SIGNATURE OLED TV R and The Fountain

A wide-angle shot of LG Wave in the dark displaying colorful purple, yellow, orange and blues at CES 2020

LG RELEASES PRELIMINARY EARNINGS FOR FOURTH-QUARTER 2019

SEOUL, Jan. 8, 2020 — LG Electronics Inc. (LG) today announced its preliminary earnings results for the fourth quarter and full-year of 2019.

LG reported tentative consolidated revenues of KRW 16.1 trillion in the fourth quarter of 2019 with an operating profit of KRW 98.6 billion.

Total annual sales reached almost KRW 62.3 trillion, the highest annual sales in LG history, surpassing 60 trillion won for the third year in a row, with operating profit of KRW 2.4 trillion expected to be 10 percent lower than the previous year.

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

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LG Newsroom