LG Announces 2018 Financial Results

A picture of LG Twin Towers in the daytime

Highest Annual Profit for Home Appliance and
Home Entertainment Businesses in LG History

SEOUL, Jan. 31, 2019 — LG Electronics Inc. (LG) today announced record full-year revenues of KRW 61.3 trillion (USD 54.4 billion) in 2018, exceeding sales of 60 trillion won for the second year in a row. Full-year profit of KRW 2.70 trillion (USD 2.40 billion) increased nearly 10 percent from 2017 reflecting record profitability from appliances and home entertainment products.

Fourth-quarter 2018 revenues of KRW 15.77 trillion (USD 13.99 billion) were higher than the third quarter but 7 percent lower than the last quarter of 2017 primarily due to lower sales of mobile products. As a result, fourth-quarter operating income declined to KRW 75.7 billion (USD 67.1 million).

The LG Home Appliance & Air Solution Company reported full-year 2018 revenues of KRW 19.36 trillion (USD 17.17 billion), an increase of nearly 5 percent from the previous year, generating a profit of KRW 1.52 trillion (USD 1.35 billion), the highest in company history. Fourth-quarter revenues of 4.33 trillion (USD 3.84 billion) increased more than 3 percent from the same period last year with sales in Asia and Europe holding steady despite exchange rate challenges in Central and South America and political uncertainty in the Middle East. LG’s strongest performing unit in 2018 is expected to again lead the company this year with strong demand for premium products and consistent growth in South Korea while working to mitigate international trade and exchange rate risks overseas.

The LG Home Entertainment Company recorded full-year revenues of KRW 16.21 trillion (USD 14.37 billion) with a record-high profit of KRW 1.52 trillion (USD 1.35 billion) thanks to the strengths of LG’s premium product lineup. Fourth-quarter 2018 sales of KRW 4.56 trillion (USD 4.04 billion) were 6 percent lower from the previous year but 23 percent higher than the previous quarter due in large part to strong seasonal demand. Going forward, LG intends to grow both revenue and operating profit by focusing on increasing sales of premium OLED TVs and large-screen Ultra HD TVs.

The LG Mobile Communications Company reported 2018 revenues of KRW 7.98 trillion (USD 7.08 billion) with sales in the fourth quarter totaling KRW 1.71 trillion (USD 1.51 billion), a decrease of 16 percent from the third quarter. Although the full-year operating loss increased to KRW 790.1 billion (USD 700.65 million), the mobile division’s business structure showed improvement as a result of better material cost controls and overhead efficiencies based on the company’s platform modularization strategy. In 2019, LG’s mobile division will push 5G products and smartphones featuring different form factors while focusing on key markets where the LG brand remains strong.

The LG Vehicle Components Company reported solid full-year 2018 revenues of KRW 4.29 trillion (USD 3.80 billion), a 28 percent increase from 2017. Quarterly revenues of KRW 1.4 trillion (USD 1.24 billion), the highest performing quarter in the division’s history, were 71 percent higher than the same period last year and nearly 20 percent more than the third quarter largely due to new infotainment orders and strong performance from the ZKW business in Europe. Uncertainties in the vehicle component market related primarily to international trade issues are expected to contribute to flatter growth in the industry in the months ahead.

The LG Business Solutions Company, recorded full-year 2018 revenues of KRW 2.41 trillion (USD 2.13 billion) with profit of KRW 167.8 billion (USD 148.8 million). The business unit recorded revenues of KRW 597.8 billion (USD 530.1 million) in the fourth quarter – down 11 percent from the same period the year before while up 4 percent from the previous quarter. Fourth-quarter operating profit of KRW 14.9 billion (USD 13.2 million) was impacted by increased investments, the effects of import tariffs and the continuing price depreciation of solar panels, which offset cost improvements. Despite this, LG plans to increase profitability in the business unit by diversifying target markets for its solar business, maximizing the operation of its U.S. solar factory and targeting new growth areas for its information display business.

2018 4Q 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, 2018. 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 1,127.66 per USD.

Earnings Conference and Conference Call

LG Electronics will hold an English language conference call on February 1, 2019 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 31, 2019. 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 142930# when prompted.

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In Pursuit of Fresh Air

A concept image that shows the performance of the LG PuriCare 360° air purifier with the Smart Sensor technology.

An alarming report from the World Health Organization (WHO) recently stated that 90 percent of people worldwide are breathing polluted air. As air quality declines, the risk of stroke, heart disease, lung cancer, and chronic and acute respiratory diseases, including asthma, increases for people living in the worst affected cities.

Data Source: Air pollution – the silent killer (https://bit.ly/2Us08ZM)

Most agree that to curb global warming, we all need to enact a variety of measures such as driving less and taking fewer flights, while increasing recycling and conservation efforts to reduce our carbon print – the amount of carbon dioxide a person is responsible for putting into the atmosphere. Generally, any man-made substance introduced into the atmosphere can be considered a pollutant.

We have to not only protect our environment but also take care of our well-being and that of our loved ones. Hence, it is very important to invest in good air purifying products that filter out the toxins that breeze into our homes, thereby making the air more breathable and preserving our health. While people can wear an air filter mask when outside the home, it is wise to choose a high-quality air purifier for indoor space, one that’s certified for its ability to remove fine dust, particles and other harmful matter.

Air purifiers from LG’s air solutions can help consumers improve the indoor air quality if they choose to invest in a good and effective appliance. Especially for those having asthma, COPD (chronic obstructive pulmonary disease) or allergic reactions, the effective HEPA filters are proven to trap 99.97 percent of extremely small airborne particles and other pollutants.

Helping families establish the optimal indoor living environment, LG has set new standards with its new LG DUALCOOL air conditioner, a device that not only cools and heats effectively and efficiently, but also offers comprehensive air purification. The air purifying technology in LG’s DUALCOOL detects and eliminates particles as small as PM1.0. Its Micro Dust Filter absorbs negatively charged microparticles including germs and bacteria to help keep families safe. DUALCOOL’s Indoor Air Quality Display shows the status of indoor air quality, using six colorful icons that make it easy to see the quality of the air at any time.

LG’s latest offering, the LG PuriCare 360° air purifier, employs an advanced Smart Sensor to detect fine particles under 1 micrometer in diameter while also eliminating unpleasant smells. The sensor performs real-time checks on pollution levels to keep the air purifier operating at peak effectiveness.

The unique multi-filter system employed in the LG PuriCare 360° captures six different types of particles including the peskiest indoor allergens to deliver purer, cleaner air. Its HEPA filtration system traps 99.97 percent of ultra-fine particulates. In addition to capturing allergens, the deodorization filter removes odors (such as food and smoke), smog and harmful airborne chemicals. Furthermore, the Baby Care feature directs gentle airflow from the base of the PuriCare to create the ideal environment for infants and toddlers.

PuriCare 360° can be controlled from anywhere via the LG SmartThinQ app. Parents can check indoor air quality from their smartphone and activate the air purifier before their children arrive home from school. The intelligent air purifier will even alert them when its filter needs replacing.

The ENERGY STAR® certified LG PuriCare 360° and other LG models save energy without compromising performance or style. According to the U.S. Environmental Protection Agency, ENERGY STAR certified room air purifiers are 40 percent more energy efficient than standard models, saving consumers about 225 kilowatt hours per year and USD 30 annually on utility bills.

LG Air Solutions help families to achieve a healthy indoor environment. Families, the world over can be rest assured that LG will continue to develop technology that protects the health of their loved ones.

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LG Receives More Than 140 CES Awards and Honors Across Various Categories

LG representatives pose with awards from Engadget, HD Guru and Reviewed.com

Wins Engadget Best of CES Award in TV Category
for Fifth Consecutive Year for LG SIGNATURE OLED TV R

SEOUL, Jan. 18, 2019 — LG Electronics (LG) took home more than 140 awards and honors at CES 2019, led by the Engadget Best of CES Award in the TV category (the official award program of CES) for the fifth consecutive year, this time for the revolutionary LG SIGNATURE OLED TV R (model 65R9) – a 65-inch rollable OLED TV. The LG Soundbar (model SL9YG) and LG V40 ^ThinQ smartphone were also honored by the Consumer Technology Association (CTA) with CES Best of Innovation Awards in their respective categories.

LG received top accolades from Engadget, TechRadar, Popular Mechanics, SlashGear, Reviewed.com, Techlicious and others in addition to 17 CES Innovation Awards from the CTA across home appliance, home entertainment and mobile communications categories

The LG SIGNATURE OLED TV R – the world’s first rollable television – stole the show this year, bringing in more than 70 awards and honors from a wide range of respected technology media publications. LG’s 2019 lineup of LG grams ultra lightweight laptops served notice that they will be a force to be reckoned with in 2019 with major awards from publications including Reviewed.com, Trusted Reviews and Techlicious.

Top awards earned by LG at CES 2019 include:

LG SIGNATURE OLED TV R: Engadget: Best of CES, PC Mag: Best of CES, Reviewed.com: Editor’s Choice Award, SlashGear: Editor’s Choice Award, Techlicious: CES Top Picks, Popular Mechanics: Best of CES 2019, Tom’s Guide: Best in Show 2019, TechRadar: The Best Tech at the Show, Pocket-lint: Best of CES, HD Guru: Best in Show, CTA Mark of Excellence: Video Display Product of the Year, CES 2019 Innovation Award: Honoree

LG 88-inch OLED 8K TV: CES 2019 Innovation Award: Honoree, Mashable: Best Tech of CES 2019, Digital Trends: Best TVs of CES 2019

LG gram 17: Reviewed.com: Editor’s Choice Award, Techlicious: CES Top Picks, Windows Central: Best of CES, CES 2019 Innovation Award: Honoree

LG gram 2-in-1: Trusted Reviews: Best of CES

LG Soundbar (SL9YG): CES 2019 Best of Innovation: Best of Innovation, HD Guru: Best of CES

LG HomeBrew: CES 2019 Innovation Award: Honoree, Trusted Review: Best of CES 2019

LG Styler: CES 2019 Innovation Award: Honoree, Dealerscope: 2019 IMPACT Awards

LG V40 ^ThinQ: CES 2019 Best of Innovation: Best of Innovation

For everything on LG’s CES 2019 awards and honors including additional information about LG’s products at CES, please visit www.lgnewsroom.com/tag/lgces2019.

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CES2019: LG SIGNATURE OLED R

Closer view of LG SIGNATURE OLED TV R display zone with CES visitors viewing the display and taking pictures

CES2019: LG 8K OLED TV

Front view of an LG 8K OLED TV set positioned on the right side of a promotional sign saying "World's First 8K OLED TV"

CES2019: LG SIGNATURE

Conference attendees walk around the LG SIGNATURE display zone at CES 2019.

CES2019: LG BOOTH

Display zone for the LG gram 2-in-1 laptop computer, there is one LG gram 2-in-1 model floating on a cloud prop while visitors to the zone test out the laptops.

‘LG OLED Falls’ Exhibit Wows CES Attendees

Unique Immersive Installation Welcomes Visitors to
CES2019 LG Booth with Awe-Inspiring OLED Falls

LAS VEGAS, Jan. 9, 2019 – A unique, immersive installation of eye-popping, flexible displays from LG Electronics (LG) is wowing attendees at CES^® 2019. The “LG OLED Falls” display features 260 LG OLED digital signage screens, in curved and flat configurations, giving tens of thousands of CES visitors a one-of-a-kind experience of natural wonders.

Welcoming visitors to LG’s sprawling CES booth adjacent to the main entrance of the Las Vegas Convention Center, stunning LG OLED Falls exhibit features 76 concave, 72 convex and 112 flat 55-inch LG OLED screens. The LG OLED Falls is a must-see CES exhibit, following in the tradition of the “LG OLED Canyon” at CES 2018 and the “LG OLED Tunnel” at CES 2017.

CES attendees’ jaws literally drop when see the LG OLED Falls, which measures 20 feet high and 65 feet wide, displaying alluring images of curves of the desert, waterfalls, ocean and light. The incredible video experience is further enhanced by advanced, immersive audio, which is included in 2019 LG OLED TVs for the consumer market.

LG OLED technology has created a new high-end category of displays that generate awe-inspiring pictures with perfect blacks and incredible color, even from wide viewing angles, unlike any LCD/LED display. OLED uses self-lighting pixels that can be turned on and off individually for exact control of image brightness and quality, delivering infinite contrast ration optimized for high-dynamic range content. And with no separate light source, the displays are extremely lightweight and thin, making them flexible enough to be rolled.

Visitors to LG’s CES 2019 booth (Las Vegas Convention Center, Central Hall #11100) this week are able to experience the LG OLED Falls display firsthand.

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LG Showcases Futuristic Innovations for a Better Life at CES 2019

CES, the world’s largest consumer electronics trade show, is taking place this week with the participation of over 4,500 companies from more than 150 countries. It’s here that LG found the perfect opportunity to reinforce its commitment to Innovation for a Better Life by displaying a wide range of futuristic concepts and products in front of 180,000 visitors.

LG has a storied history at this event, being the first Korean company to participate in the show in 1973 as GoldStar. Forty-six years later, LG’s message as a company with the future in its sights hasn’t changed, supported by an exhibiting that includes breathtaking OLED TVs, products featuring visionary artificial intelligence (AI), ultra-premium home appliances among other thrilling innovations.

To kick-off CES 2019, LG’s CTO, Dr. I.P. Park, delivered a keynote titled AI for an Even Better Life, where he unveiled an advanced version of the company’s AI efforts under the ThinQ brand and highlighted the power of a artificial intelligence to transform lives for the better. Focusing on the growing trend towards integrated intelligent solutions, Dr. Park’s keynote clearly signaled LG’s intention to enhance its position as a leading consumer name in the quickly accelerating AI sector.

LG’s leadership in OLED technology is also being demonstrated in a remarkable way in the form of a waterfall, the LG OLED Falls exhibit. Curving and cascading down the entrance of LG’s booth, the exhibit is an immersive and awe inspiring visual demonstration that captures the magnificence of the natural world and the wider universe. This impressive display of flexible OLED technology offers a truly immersive experience that CES visitors won’t want to miss.

Further highlighting its OLED expertise, LG is exhibiting the world’s first 8K OLED TV at the show. Powered by its own intelligent AI processors, LG’s super high resolution TV delivers unsurpassed picture and sound quality for an enhanced viewing experience with perfect black, vibrant colors and realistic high-definition audio.

LG is also exhibiting a product that every zythophile can appreciate, LG HomeBrew. Employing the company’s innovative core technologies, LG HomeBrew creates great tasting personalized beer in the comfort of one’s home. By employing innovations that LG has developed over decades of home appliance leadership including inverter technology for precise compressor management and automatic temperature and pressure control know-how for optimal fermentation and storage, LG HomeBrew automates the entire process of brewing beer, from fermentation to cleaning.

The LG SIGNATURE line of premium home appliances has its own showcase at CES 2019 with a compelling exhibit called Art of Essence, featuring collaborations with British installation artist Jason Bruges. LG is also debuting new additions to the LG SIGNATURE range including dryers, wine cellars and bottom-freezer refrigerators.

LG CLOi robots for commercial applications are also being highlighted at CES, including a robot that is worn on the body. CLOi SuitBot supports the wearer’s waist, reducing the risk of injury and fatigue when performing physically demanding tasks such as lifting and lowering heavy packages. This wearable robot is another example of LG’s commitment to developing products that not only make customers’ lives more convenient, but safer as well.

These are just some highlights of what LG has in store for visitors to LG’s booth at CES this week, a collection of futuristic innovations that are expected to improve lives in 2019.

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LG Partners with Microsoft to Accelerate Automotive Revolution

Mr. Kim Jin-yong, president of LG’s Vehicle Component Solutions Company, shake hands with Mr. Sanjay Ravi, general manager, automotive industry at Microsoft.

Employing Microsoft Azure Technology to Advance LG’s AI-Driven Vehicle Strategy

LAS VEGAS, Jan. 8, 2019 — LG Electronics (LG) and Microsoft entered into a memorandum of understanding to enhance and further grow LG’s autonomous vehicle and infotainment system business. Under the terms of the partnership, LG will accelerate the transformation of its existing digital platform for the vehicle industry, seen as key growth engines for the company, by leveraging Microsoft’s Azure cloud and artificial intelligence technologies along with LG’s future self-driving software.

LG will apply Microsoft’s AI know-how to its Advanced Driver Assistance Systems (ADAS), Driver-Status Monitoring Camera (DSM) and Multi-Purpose Front Camera products and incorporate Microsoft’s Virtual Assistant Solution Accelerator in LG’s infotainment systems. And with Azure Data Box service, data captured on the road can be uploaded automatically to create a library that helps the self-driving software grow even smarter.

In addition, LG plans to build innovative digital development and testing grounds employing state-of-the-art technology. High performance computing (HPC) and graphics processing unit (GPU) supported by Microsoft Azure will drastically reduce the time required for LG AI self-driving software to learn and evolve. Road and traffic patterns in cities that would normally require more than a full day for self-driving systems to comprehend would take only minutes with Azure.

And Azure can help AI self-driving software learn diverse patterns displayed by drivers as well as recognize and distinguish between pedestrians and other objects. By embedding AI self-driving software enhanced by Azure within the ADAS, performance of the DSM and Multi-Purpose Front Camera can be dramatically improved.

In addition to its ability to train AI self-driving software, Azure also has a voice-enabled Virtual Assistant Solution Accelerator with its AI services. With help from Azure, LG’s vehicle infotainment system will allow drivers to easily and quickly check traffic conditions on the road, search for nearby restaurants, call up favorite songs and more.

“Our expectation is that the combination of Microsoft’s advanced cloud infrastructure with LG’s fast-growing automotive components business will accelerate the self-driving auto industry as a whole,” said Kim Jin-yong, president of LG’s Vehicle Component Solutions Company. “We’re confident that the combination of Microsoft and LG technologies will create a new benchmark in autonomous auto AI.”

“Together LG and Microsoft can help shape the future of transportation,” said Sanjay Ravi, general manager, automotive industry at Microsoft. “Working together, we can empower automakers to deliver differentiated mobility experiences, create new services and revenue opportunities, and to build safer, more intelligent and more sustainable vehicles.”

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LG AND Landing AI Join Forces to Drive Advances in Artificial Intelligence

LG president and chief technology officer, Dr. I.P. Park, and Dr. Andrew Ng, CEO and founder of Landing AI, hold the agreement after singing a strategic partnership

Strategic Partnership Leverages Complementary Strengths
to Focus on AI Technology Integration, Evolution

LAS VEGAS, Jan. 8, 2019 — LG Electronics (LG) has entered into a strategic partnership with Silicon Valley startup Landing AI. LG President and Chief Technology Officer Dr. I.P. Park and global artificial intelligence leader Dr. Andrew Ng, CEO and founder of Landing AI, signed the agreement at CES^® 2019 in Las Vegas.

The partnership will focus on developing AI to further improve the competitiveness of LG products, as well as to develop collaborative business models. Landing AI has developed machine-vision tools and algorithms that operate at resolutions well beyond human vision.

“AI is particularly transformative in manufacturing contexts and this partnership demonstrates our ambition not only in building revolutionary AI-powered products but also in advancing our vision for an AI-powered future,” said Dr. Ng, the Landing AI CEO who formerly served as Chief Scientist at Baidu and founder of Google Brain.

Echoing Dr. Ng’s views, Dr. Park said, “LG looks forward to collaborating with Landing AI to enhance user convenience and offer improved lifestyles for consumers through a more advanced AI technology.”

Visitors to the LG ThinQ Zone in booth #11100 of the Las Vegas Convention Center this week will be able to experience LG’s collaborative technology and evolving AI firsthand.

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LG Releases Preliminary Earnings for Fourth-Quarter 2018

SEOUL, Jan. 8, 2019 — LG Electronics Inc. (LG) today announced its preliminary earnings results for the fourth quarter and full-year of 2018.

LG reported tentative consolidated revenues of nearly KRW 15.8 trillion in the fourth quarter of 2018 with an operating profit of KRW 75.3 billion.

Total annual sales reached almost KRW 61.3 trillion, surpassing 60 trillion won for the second year in a row, with operating profit of KRW 2.7 trillion expected to be 9.5 percent higher 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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CES2019: LG PRESS CONFERENCE

David VanderWall, Senior Vice President of Marketing at LG Electronics USA and Tim Alessi Senior Director of Product Marketing for Home Entertainment Products at LG Electronics USA are onstage discussing the LG SIGNATURE OLED TV R at LG's CES 2019 Press Conference while a number of reporters take pictures of the TV.

LG Electronics’ Promise of AI for an Even Better Life Delivered at CES 2019 Keynote

LG Electronics president and chief technology officer, Dr. I.P. Park, addresses the audience in his keynote at CES 2019.

LG CTO Envisions Life Enhanced by Next Generation of
Consumer-Focused Artificial Intelligence Innovations

LAS VEGAS, Jan. 7, 2019 — LG Electronics (LG) president and CTO Dr. I.P. Park outlined the company’s vision for the future in his CES 2019 keynote, titled AI for an Even Better Life, on January 7 at the MGM Park Theater in Las Vegas, Nevada, USA. At CES, the world’s premier consumer electronics show, LG’s CTO outlined how the three key pillars of artificial intelligence – Evolve, Connect and Open – could deliver a robust AI ecosystem with diverse solutions for the real world.

A leading proponent of consumer-focused AI technology, LG has continued to take a leadership role in advocating the beneficial role of AI in consumers’ lives. The keynote featured LG’s AI technologies implemented in daily-life scenarios to give the audience of more than 3,000 industry figures, influencers and journalists a better understanding of how the company is working on transforming tomorrow. The LG CLOi GuideBot shared the spotlight with Dr. Park during the address, becoming the first ever robot to help deliver a CES keynote in the process.

“Is technology making your life better?” Dr. Park began his keynote by asking the audience. “Over the past 100 years, household appliances such as refrigerators, washing machines and vacuum cleaners have reduced time spent on housework by around 75 percent, but the amount of cognitive labor involved has significantly increased.” Dr. Park explained, “The answer lies in AI – but only if we can achieve true intelligence.”

Since its launch in 2017, the company’s AI brand LG ThinQ has seen its portfolio grow rapidly to include air conditioners, washing machines, TVs, smartphones and robot vacuum cleaners. Dr. Park presented LG’s latest innovations in these appliances which leveraged the power of AI: the world’s most advanced AI chip for home appliances, a washing machine with reinforced learning, and “self-healing” machines that can detect and fix malfunctions automatically without interrupting operation.

“But I want to talk about more than just improvements,” Dr. Park continued. “Our ambition is to go way beyond LG’s current role as a leading manufacturer of consumer electronics and to become a lifestyle innovator that serves a truly intelligent way of living.” Proclaiming LG’s vision for the age of artificial intelligence, Dr. Park explained how the three key ideas – Evolve, Connect and Open – will empower AI technology to transform every aspect of daily life. LG ThinQ products will evolve over time by learning about the user, connect seamlessly with customers’ lives and open up an ecosystem of innovation made stronger by partnerships and cooperation, ultimately offering “a new and daring definition of better life.”

Dr. Park highlighted the importance of evolving intelligence in consumer electronics. For AI devices to go beyond simple voice recognition and automated task execution, they must be able to understand the purpose and intention behind each command. Such contextual understanding requires AI to evolve through accumulating interaction with the user.

LG is also extending its unparalleled consumer insight from home to the road with its innovative offerings for a new in-car experience. In the advent of an autonomous driving revolution, LG has set out to change and expand the very definition of vehicles from a means of transport to mobile space. LG’s AI-enabled cabin solution will help users make the fullest use of their time saved from not driving, turning their vehicles into a conference room, movie theater or even personal shopping boutique.

“Building this new in-car experience requires a wide range of different solutions in both hardware and software… which is why we need OPEN collaboration.” said Dr. Park, illustrating LG’s continued efforts to facilitate a culture of open innovation. He introduced LG’s collaboration with the leading seat manufacturer Adient to develop smart seats for a more personalized in-car experience. Also announced was LG’s new plan for its operating platform webOS which has been open sourced since March 2018. “From this year, we’ll be adding to webOS open access to LG’s proprietary AI platform for developers all around the world.” said Dr. Park.

Dr. Park then presented LG’s ambition to unlock the potential of AI technology a much larger scale by connecting hitherto individual units into intelligent systems. LG’s Robot Service Delivery Platform (RSDP) will systematically coordinate what multiple robots see, hear and learn to transform how we manage our work and our environment. AI-based smart grid will allow us to radically improve the efficiency of our energy ecosystem, from production and storage to consumption. Intelligent signage will turn the physical elements of space such as walls, signboards and even floors, into an active, intelligent part of environment.

LG’s keynote featured global experts including founder of the XPRIZE Foundation Dr. Peter Diamandis, renowned AI researcher Dr. Andrew Ng, managing director of automotive at Luxoft Alwin Bakkenes, senior vice president of engineering at Qualcomm Durga Malladi and director of the Contextual Robotics Institute at University of California San Diego Professor Henrik Christensen.

“LG is a global powerhouse at the forefront of the AI revolution, which will impact nearly every major industry from technology to healthcare, agriculture, transportation, engineering and beyond,” said Gary Shapiro, president and CEO, CTA. “We were thrilled to have LG talk about ‘AI for an Even Better Life’ as its first keynote in CES history.”

Visitors to the LG ThinQ Zone in booth #11100 of the Las Vegas Convention Center this week will be able to experience LG’s collaborative technology and evolving AI firsthand.

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LG Ushers in the TV of Tomorrow with World’s First Rollable OLED TV

Jaw-Dropping Form Factor, ThinQ AI and Alpha 9 Gen 2 Processor
Defines A Whole New Way to Watch Television

LAS VEGAS, Jan. 7, 2019 — LG Electronics (LG) is defining the next generation of televisions at CES 2019 with the introduction of the world’s first rollable OLED TV. The LG SIGNATURE OLED TV R (model 65R9) redefines the definition of TV with a variable form factor only made possible by the company’s industry-leading OLED technology. More than a demonstration of engineering prowess, LG’s breathtaking product boasts picture and sound quality that is second to none, all in a form factor that gives home TV viewers infinite possibilities in designing their perfect viewing space.

Since the start of the modern era, television screen sizes have steadily increased in size as resolution improved and consumers demanded a more immersive viewing experience. The trade-off came in the form of a large, black rectangle that dominated the room when the TV was not in use. Even more advanced projection TVs have never been able to deliver the contrast or the deep blacks that consumers demanded. In an effort to make large TVs less conspicuous, manufacturers have been racing to create even slimmer screens, focusing on designs that were as unobtrusive as possible.

With the introduction of last year’s LG SIGNATURE OLED TV W, LG stripped away the traditional concept of a TV, focusing on the simplicity of the screen. Dubbed the wallpaper TV, LG proved that a TV could deliver performance, subtlety and beauty all at the same time. LG’s latest effort takes this achievement to a whole new level. LG has created a TV with a display that seems to magically appear and disappear, a revolutionary innovation that seems to defy logic. The “R” in the new LG SIGNATURE OLED TV R is about creating a revolution in home entertainment and redefining space through its ability to rise and roll-up at the touch of a button.

A rollable OLED TV is a true game-changer, liberating users from the limitations of the wall and freeing them to curate their own personal space which no longer needs to be reserved full time for TV viewing. The fact that LG SIGNATURE OLED TV R can transform itself to offer three different viewing options – Full View, Line View and Zero View – allows customers to use the TV in ways that were impossible before the development of OLED technology.

Full View delivers a large-screen viewing experience revealing the full extent of the contrast, depth and realism that has become synonymous with all LG TVs. The remarkable AI picture and sound quality powered by LG’s second generation α (Alpha) 9 intelligent processor and deep learning algorithm puts this breathtaking TV in a class of its own. Users can use their normal voice to get things done with Amazon Alexa, a new addition to LG’s AI TV lineup in 2019, as is support for Apple AirPlay 2 and HomeKit. With support for AirPlay 2, users can easily play videos from iTunes and other video apps, music, photos and directly from their Apple devices to their LG SIGNATURE OLED TV R. With Apple HomeKit support, customers will be able to control their LG TV using the Home app or by asking Siri.

Line View allows the LG SIGNATURE OLED TV R to be partially unrolled, allowing for management of specific tasks that do not require the full TV screen. In Line View, users can choose from features such as Clock, Frame, Mood, Music and Home Dashboard. Invoke Clock mode to check the time and weather at a glance or Frame mode to enjoy family photos shared from a smartphone or Mood mode to create a more relaxing atmosphere.

When in Zero View, all 65 inches of the LG SIGNATURE OLED TV R is hidden from view, tucked away in the base. Even in Zero View, users can enjoy music and other audio content which emanate from the 4.2-channel, 100W front-firing Dolby Atmos audio system. The premium bloodline is clearly evident in the entire unit, from the brushed aluminum casing to the quality wool speaker cover designed by Kvadrat of Denmark.

Visitors to LG’s booth (LVCC Central Hall #11100) during CES 2019 from January 8-11 can experience the new LG SIGNATURE OLED TV R for themselves.

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LG Newsroom