Finance Questions - FINANCIAL ANALYSIS
1) Assets and liabilities, 2) profits and loss, 3) comprehensive income, 4) income statement, 5) profit and loss comprehensive income
Dream big. Think bol d. Live better. It’s all possible. At LG, your imaginat ion is our inspiration.
Dream big. Think bold. Live better.
At LG, your desire is our inspiration.
I imagin e c re ati vi t y at my fing er t ips.
I hope on e pl u s one equal s fun.
I want h u gs th at l ast fo rever.
I dream an oth e r restful night.
Ever y day in our lives, in ever y corner of the worl d, another amazing moment will present...to chang e a life better. The first step to realize it is to beli eve t hat it’s all possible.
It is a stor y about t he dreams and imaginat ions that technology makes more possible.
12 13
Every day in our lives, in every corner of the world, another amazing moment will present...to change a life better.
It is a story about the dreams and imaginations that technology makes more possible.
The first step to realize it is to beli eve t hat it’s all possible.
12 13
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“ I am as amazed as you are at the level of ingenuity
our engineers and designers deliver year af ter year. ”
As our lifestyles change, new demands are created for products that can enrich
people’s lives. Companies that anticipate those needs first, and translate those wishes
into superior products, will be the brands that standout.
Offering truly differentiated products to meet that need is the number one mission
for all of us at LG, and I am just as amazed as you are at the level of ingenuity our
engineers and designers deliver year after year.
Your feedback tells us that this year was no exception.
Our ULTRA HD TV and CURVED OLED TV introduced picture clarity that has become
the envy of the industry. Innovations such as G Pro awarded the Best LTE Device
Award at LTE World Summit 2013 and refrigerators that keep cool during frequent
powercuts in India were only possible because we listened and responded to the needs
of our customers around the world.
We also know that today’s big advancements can be copied by competitors just as
quickly as they are introduced. It is imperative that we sharpen our skills even further
to anticipate your needs, and find new methods to bring relevant products into your
homes even faster.
So, what’s next? There truly are too many possibilities to consider. But I do know this:
the buzz for the next big idea is already out there. It’s our job to listen, react, and
transform today’s possibilities into tomorrow’s reality.
Thank you,
Bon-Joon Koo
Vice Chairman & CEO of LG Electronics
Message from the CEO
17
We have a burning passion to enrich peoples’ l ives. Technology is the enabl er. LG innovation is inspired by our customers’ needs. A nd we hope to empower you in return. We are driven to create products that make people smile. And to buil d brilliant solutions t hat make life more creat ive for us all.
17
LG innovation is inspired by our customers’ needs. A nd we hope to empower you in return. We are driven to create products that make people smile.
Immerse yourself in the experience
20 21
I have always wondered: “Why can’t TV be more stylish?” That
question was an inspiration for CURVED OLED TV. It so happens
design is also one of the three hidden needs of TV consumers,
along with up-to-date technology and the ultimate viewing
environment. Happily, CURVED OLED TV delivers on all three! The
LG CURVED OLED TV is so revolutionary, it took the top “The Red
Dot Design Award: Best of the Best” honor in 2013. We were so
excited about the new product, we faced a dilemma: wait to show
the product right before the sales launch, or give the world a first
look at 2013 CES? At the very last minute, we decided CURVED
OLED TV was simply too exciting to keep under wraps, and in two
hours we changed our CES exhibit overnight in top secrecy. I’m
empowered to say it was one of the hits of the show!
The iconic designer who designs products that shift original paradigms,
Corporate Design Center, HE Design Lab / Vice President
Kang-Heui Cha
Once again, LG is ahead
of the curve in home
entertainment—with the
world’s first CURVED
OLED TV empowered by
movie theater perform
ance inside your living
room. Edge-to-edge clarity
across all 55 inches is
guaranteed to induce edge-
of-the-seat excitement.
Home Entertainment
CURVED OLED TV
22 23
Take productivity to a whole new level. In fact, take it just about anywhere!
T h e Ta b - B o o k H y b r i d o f f e rs y o u t h e b e s t o f n o t e b o o k co m p u t i n g w i t h
all the mobility of a tablet. Fully optimized for Windows 8 with 10-point
touch capability and a slide-out QWERT Y keyboard, 11.6-inch screen, Wi-
F i , B l u e t o o t h 4 . 0 , H D M I s l o t , U S B p o r t a n d
m i c ro S D , a l l i n a s u p e r- s l i m b o d y t h a t w i l l
have you smiling every time you pick it up.
Tab-Book Hybrid
Feel inspired to take control! Smart
T V + M a g i c R e m o t e i s t h e m o s t
convenient way yet to take advantage
o f a l l t h a t T V h a s t o o f f e r. E n j o y
effortless access to unlimited content night af ter night with a fully-intuitive
interface to quickly find the shows you want to watch. Plus 3D Dual Play that
takes excitement to a whole new level. Smart TV + Magic Remote
F i n a l l y, a r e a s o n f o r s m i l i n g a s y o u
multitask! The super wide surface features
the unique 4-Screen Split th a t se pa ra te s
the monitor into four dif ferent segments.
I t ’s a l s o p e r f e c t f o r t h e m o s t d e m a n d i n g
multimedia applications—view multiple windows and controls without them
overlapping. Plus lifelike colors across 100 percent of the monitor and Dual
Link-up to connect two different mobile devices. 21:9 Ultra Wide Monitor
You have never seen a screen this big deliver images this sharp and this
powerful! At 3,840 x 2,160, its resolution is four times higher than full HD.
And, with our Triple XD Engine, you’ll enjoy stunning images without any
distor tion what so ever from any angle across
every single colorful inch of the screen. Plus 2.2
channel sound system arranged for incredible 3D
sound. 84-inch ULTRA HD TV
It’s not the “how” but the “Wow!” We could tell you all about LG’s feats of engineering. But we know it’s not the TV’s insides that excite you; it’s the images on the outside that make you go, “Whoa!”
The Ultimate Viewing Experience
24
The Pocket Photo
compact printer offers
wireless connectivity with
Bluetooth and NFC (Near
Field Communication)
for hassle-free, inkless
printing directly from
Android and iOS
smartphones. App
includes editing tools
for quick touch-ups and
cropping.
“ Another amazing day in our
global adventure. Which means
another album full of awesome
photos inside my phone. Glad
I brought along the LG Pocket
Photo. Now I can print the best
of my pics on the spot and see
them the way they were meant
to be without waiting to get back
home…whenever that will be!
I just tap on my smartphone’s app
and…presto! The only thing more
instant than the pictures is the
way they make us smile when we
see them! ”
Pocket Photo
Make the most of every moment
28 29
Mobile
Communications
LG raises the bar on
inspired performance.
Again. The G Pro captures
twice the memories with
Dual Recording from front
and back cameras at the
same time. And an IPS
screen that offers full
HD viewing on a 5.5 inch
screen.
From the beginning, our purpose in developing the G Pro was to provide
a unique customer experience with the best performance possible. Meeting
the hidden needs of customers was our highest priority. Normally we develop
a product only af ter we finalize the specs. But with the G Pro, the design
changed 18 times with spec changes every time a new customer need was
uncovered. Two to three designs were reviewed simultaneously throughout
the process. It was like developing several models at once. In the end, our
development staff exceeded expectations—G Pro is the ultimate mobile phone
with the most LTE patents in the world. But don’t just take my word for it—our
team was awarded the Best LTE Device Award at LTE World Summit 2013 in
Amsterdam. As development of the G Pro shows, empowering teams to
answer hidden customer needs is, without question, the present and future
purpose of design within LG.
The innovator with immortal spirit
who do not afraid of challenges,
Mobile Communications Company,
MC R&D Center / Chief Research
Engineer
Young-Hee Kim
G Pro
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Finally, 4G LTE is within your reach. Get lightning fast performance in a phone
made with our legendary quality craftsmanship, an IPS
display for the sharpest viewing, Live Zooming, Quick
Memo, Q Translator and many more advanced features
that will have you get more work done, faster than
ever, and a battery that will have you smiling longer.
Optimus F Series
There really is an affordable phone that not only offers you a full
suite of advanced feature, but puts it all into an inspired stylish
design, you’ll be proud to show off in front of friends. With the Quick
Translator, you can translate languages by scanning words with the
camera. Optimus L Series
You’ve got a lot to do during the day—and the G Series
lets you do it better than ever! Especially, thru G Pro you
can enjoy advanced features like VR Panorama to capture
t r u e p a n o ra m i c i m a g e s , D u a l R e co rd t h a t u s e d b ot h
cameras at the same time, and super long battery life.
No wonder G users are empowered—and you will too!
G Series
Did someone ask, “What’s next?” With our current line-up of phones, there is more than one answer. A lot more! Our current phones let you work faster, see clearer, talk longer…with inspired designs you’ll be proud to own.
Inspired by the Way You Live
One look and you’ll be smiling as wide as the view. The Vu: Series are the
first smartphones with a 4:3 ratio screen, so you can see the world the way it
was intended. An IPS quality display, Quick Memo and
Vu: Talk are just some of the advanced features that let
you create and share your ideas fast, and with greater
clarity than ever. Optimus Vu: Series
32
The G Pro makes
panoramas easy to
take, and even easier to
share. The screen guides
you to the next shot,
then stitches them all
together. Zoom in and
out of the scene, and
post the scene on social
networks.
“ It’s a big wide world and I intend
to see every square mile. Only
problem, I’ve never been able to
capture the scenes I see in their
full, inspiring panoramic glory.
Until now. I just picked up an LG G
Pro with VR Panorama. And, from
landscapes to skylines to the vast,
open sky itself, I’m taking and
sharing photos that amaze my
friends scene after scene after
scene. And that puts a smile on
my face as wide as, well, my latest
panorama! “
G Pro
More convenience is within reach
37
People of ten ask: where do new product ideas come from?
At LG, we research trends on future lifestyles and user experience.
Then we develop concepts with inspiration from the research.
And, sometimes, the idea can come from our personal connection
to consumer needs. The Styler was inspired by my Chinese style
jacket. I loved the jacket but its color faded away af ter just several
dry cleanings. Like everyone, I want to wear my clothes as long
as I can with the same impression as when I bought it. And LG’s
Styler is the answer! The Styler’s Steam Spray helps clothes stay
fresh while the Moving Hanger Action helps remove everyday
wrinkles. It’s a single solution for sterilization, deodorization and
removing wrinkles. And the Styler’s modern design is well suited
for anywhere in the house. I feel empowered when customers
can live smarter lives with our products and they’re impressed
with our product’s detail in every sense.
The stylish LG Styler is the
freshest innovation in clothing
care in years. Suits, blouses, or
anything needing special care
are kept neat and fresh with
multiple settings for many
different fabrics. So you feel
empowered to take on the
day, every day.
Home
Appliances
The creator of future lifestyles based on her exquisite senses to
catch consumers unmet needs,
Chief Research Engineer | Corporate Design Center,
Life Soft Research & User Experience Lab
Kyung-Ah Choi
Styler
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38 39
You’ll be smiling every time you come home to a clean, well-dusted floor.
The Corner Master design gets deep into corners where other vacuums can’t.
The inspired square design reaches wallboards and
edges better than ever. And the revolutionar y Dual
Eye 2.0 camera sensors scan and map the f loor for
more efficient cleaning. HOM-BOT SQUARE
Inspired by today’s clothing, the 6 Motion Direct Drive maximizes power
while offering better care for all of your fabrics with six different motions
for more tailored settings. Your clothes come
o u t c l e a n e r w i t h l e s s w ri n k l e s a n d d a m a g e
for longer life. The Inverter Direct Drive motor
h a s re ce i ve d a 2 0 - ye a r- l i f e ce r t i f i ca t i o n b y
Germany’s scientific and technical association,
VDE. 6 Motion Direct Drive Washing Machine
Feel inspired to create culinar y wonders ever y single day. T h e u n i q u e
Charcoal Lighting Heater™ creates crispy-on-the-outside, juicy-on-the-inside
results that make dishes more inviting while reducing
unnecessar y fat. It even coo ks u p to th re e time s
faster to save time and energy. Charcoal Lighting Heater™
Healthy, pure water is always within reach with an LG Water Purifier. The
Stainless Water Tank coupled with an Indirect Cooler guarantees perfectly
hygienic water storage. And the Maximum 8 Stage Purification System ensures
that water is free of harmful bacteria, heavy metals and
odors. You’ll be smiling with every cup of clean delicious
water. Water Purifier
No more holding the main door open while you search for the most sought-
af ter treats. The Door-in-Door™ reduces cold air loss
because you open and close the main door less. The
D o o r- i n - D o o r ™ co m e s w i t h a n a d j u s t a b l e m o v i n g
basket, enabling all family members to have their own
compar tments. So everyone is kept smiling snack,
after snack, after snack… Door-in-Door™ Refrigerator
The list of what’s possible for your home continues with our latest lineup of smart home appliances that make life today give you more benefits in savings, convenience, performance and health than ever before. Smart? Super smart!
Get Smart about Convenience
40
The HOM-BOT SQUARE
with Corner Master
goes where ordinary
round vacuums can’t.
Deep into corners, and
right up along edges for
a thorough, automatic
cleaning you never
thought was possible…
and you never have to
lift a finger!
“ I used to think having a robot to
help out around the house was
something from science fiction.
Until I met the LG HOM-BOT
SQUARE. Definitely more science
than fiction! I just set it down,
turn it on and, well, that’s really
all there is to it. My HOM-BOT
SQUARE finds each speck of dirt
and dust in every corner of my
house. And, believe me, somehow
the dirt does accumulate. Now,
if I can only train it put the toys
away—but I have a feeling LG is
working on that one, too! “
HOM-BOT SQUARE
Air Conditioning & Energy Solution
A healthier, happier home
45
Malaria is a very huge health problem in Nigeria and the available
methods of mosquito control all have some inconvenience in one
form or another. The idea for an Anti-Mosquito Air Conditioner
came about af ter realizing this as a real need of consumers.
Our teams were empowered to answer the need in a way
that would create a big differentiation for LG in the highly
competitive Air Conditioner market. The Air Conditioner
business is tough because price and incentives are major purchase
considerations. We cannot profitably sustain competitiveness in
such an environment. To keep ahead we must create competitive
advantages for ourselves by developing products with strong
local relevance based on local market insights. These factors were
crucial in developing the Anti-Mosquito Air Conditioner for the
Nigerian market. We must continue to mine these local insights to
create products are both relevant to consumers, and dif ferentiate
LG in the marketplace.
Air Conditioning &
Energy Solution
The bold marketer who develops new market opportunities and
drive consumers upon his leads,
LG Nigeria Limited / Product Marketing Deputy Manager
Peter Adegor
Special markets require
inspired solutions. The Anti-
Mosquito Air Conditioner,
created by LG for the Nigeria
market, uses inaudible
ultrasonic wave that are
harmless to people, yet 62.5
percent effective at repelling
the malaria-carrying insects.
Anti-Mosquito Air Conditioner
44
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Floor heating, cooling and hot water supply reach new levels of efficiency. The
Hydro Kid heat pump takes advantage of ambient air to deliver 360% greater
energy efficiency versus a boiler. Plus, with extreme
reduction of CO2 emissions and easy installation
through a compact modul ar structure, you won’t
k n o w w h i c h H y d r o K i t b e n e f i t f e e l s t h e m o s t
empowering. Hydro Kit
Yes, you can enjoy eco-friendliness and energy savings in a single HVAC*
solution. The Multi V IV continues our tradition of
offering the ultimate in energy efficiency, assuring
you a significant return on your investment with an
impressive 4.85 EER. Multi V IV
* HVAC: Heating, Ventilating & Air Conditioning
If you have a l arge building to cool, get ready to smile. Because now,
even big buildings and industrial facilities can take advantage of our high
performance chiller technology. The high-efficiency compressor will help large-
scale operations realize significant energy savings while reducing maintenance
worries with proven LG reliability. And
Eco-friendly refrigerants mean you’re
d o i n g y o u r p a r t f o r a s u s t a i n a b l e
future. Centrifugal Chiller
Dreams will come easy, empowered by a good night’s sleep. The Prestige
Inverter V lets you rest easy with the lowest sound levels possible in sleep
mode. Our Plasmaster technology not only sterilizes air going through the
u n i t , i t i o n i z e s h a r m f u l s u b s t a n c e s i n
t h e s u r r o u n d i n g a r e a . W i t h a s t y l i s h
design that will be right at home in any
bedroom. Prestige Inverter V
Bigger. Slimmer. Quieter. These are just some of the achievements our engineers have accomplished in air conditioning and heating to keep our environments more comfortable wherever we live.
A Vital Difference for Everywhere
48
The Titan Big 2 was
developed for one of
the hottest places on
earth. Saudi Arabia has
seen some of the highest
temperatures on record,
but The Titan Big 2
will keep you smiling in
conditions that make other
units lose their cool.
“ When we moved from Europe
to Saudi Arabia for my Dad’s job,
it sounded like a cool idea. But
cool wasn’t the right word for the
weather outside. Too hot to go
out and play, that’s for sure! But
inside our house, it’s like an oasis.
My Mom says it’s because we
have a special air conditioner by
LG just for Saudi Arabia. I smiled
when she said LG—they make my
favorite smartphone. But keeping
my bedroom comfy when the
heat outside is another world
record—that really is a cool idea. “
Titan Big 2 Air Conditioner
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Cleaner water. Endless energy. A brighter world.
LG is working to make a better future possible for us all.
51
5150
Cleaner water. Endless energy. A brighter world.
LG is working to make a better future possible for us all.
Cleaner water. Endless energy. A brighter world.
LG is working to make possible for
us all.
52 53
A new approach to lighting our world
LG is leading the charge in the design and manufacture of LED lighting. With a significant investment in
production facilities, we have a capacity of over 200 million LED chips, including the ability to mass-produce
6-inch wafers. Revolutionary design has resulted in the world’s slimmest LED pendant, exponentially greater
luminance, and more. And our ability to integrate lighting with air conditioning and heating management opens
new possibilities in energy savings.
The slimmest LED pendant lighting
If this were just the world’s slimmest LED Pendant lighting, it would be quite an achievement. But the innovation
doesn’t stop there. LG’s TV light source technology assures more even light emission than standard spot type
LEDs. And, without almost no heat, it creates a more comfortable space, perfect for department stores, hotels,
cafes, of fices…almost any commercial space.
World’s first LED CDM-R111 replacement
LG puts the spotlight on performance. As the world’s first LED replacement for CDM-R111 bulbs (lamp), the
LED-R111 achieves a higher luminance in the same compact form through an innovative heat sink design. With
an amazing 0.1 seconds reignition time and 40% energy-savings over conventional bulbs (lamp), the LG LED-
R111 is the perfect replacement for retail environments.
Plasma Lighting System, only from LG
When it comes to brighter, greener, safer lighting, LG proves it really is all possible! PLS is a new concept in
lighting that uses microwave emissions for light that is more similar to sunlight than any other source. And, with
no mercury, lead, chromium, cadmium or arsenic used in production, it is, quite possibly, the safest and greenest
lighting available today.
L E D S o l u t i o n s
Lighting is all around us. The right lighting
can mean the difference in a building’s safety,
look, even the mood of its occupants—not to
mention a significant part of its overall energy
costs. So it’s no wonder that the need for
efficient and affordable lighting solutions is
in greater demand than ever. And why LG has
invested over one billion dollars in production
facilities to meet that need with the world’s
most innovative LED products.
54 55
It takes 365 days for the earth to complete
its annual path around the sun. And every
one of those days offers an endless source of
sustainable energy for our homes, our cities,
and our world. LG has been a leader in the
industry for over a quarter century, firm in our
belief that making the most of renewable solar
energy is more than just good business—it’s
good for our planet’s future.
S o l a r E n e rg y
An early innovator, a current leader
LG has been committed to sustainable solar solutions since 1985. The pioneering research and development of our
engineers can be seen in our continued advancements, our innovative products, and in the exponential growth of our
business. In 2012 we delivered solar modules to 32 countries around the world. Furthermore, the 2013’s brand-new
model, MonoX™* NeON, has proved its innovation by winning an award at Intersolar EU, the largest solar exhibition in
the world. And the MonoX™ NeON is not just the f lagship module for LG…it is the standard the entire industry follows.
Quality second to none
We don’t just claim to of fer the highest quality products. The LG Severe Environment Test (LG SET) includes 15
strenuous tests that recreate the most severe conditions our modules might endure in diverse environments around
the world. And we back up our promise with a 25-year output warranty. Because, when it comes to powering your
home or business, failure is not an option.
More patents, the most efficiency
Our researchers continue to push the boundaries on solar ef ficiency, and their efforts have earned the most patents
in the industry for three years in a row. In 2012, we achieved the highest ef ficiency in a P-type cell. And, in 2013,
we launched the MonoX™ NeON, a high end N-type cell product that delivers 20% better performance than general
market products. Where will our path for ef ficiency take us next?
Meeting customer needs
The list of ways customers are using solar power grows every day. At LG, we speak with installers and end-users
around the world to understand and anticipate their expanding applications. And to deliver products that are easier
to install, reliable in more diverse conditions, and that continue to deliver ef ficient and sustainable power to meet the
world’s growing needs. Solar will continue to power the future growth of our company long into the future.
* MonoX™: The brand name of LG’s high efficiency mono crystalline solar module.
56 57
Water is not infinite. But innovation is. Which
is why LG has committed its vast business and
engineering resources to create a healthier
and more sustainable planet for us all. Our
three divisions cover all phases of water
treatment, from engineering, procurement and
construction through operations and delivery.
Our commitment to green policy means a
healthier world for us all.
Wa t e r S o l u t i o n s
New Possibilities in Membrane Technology
From f lat sheet membranes to exclusive hollow fiber designs, our revolutionary fine patterning process delivers the
optimum filtering solutions for even the most demanding environments. But offering the most advanced water
treatment processes is simply not enough—LG has been fully compliant with global environmental regulations such
as RoHS* and Halogen Free since 1994. Af ter all, treating water only has value when we treat our entire planet
with respect.
Total Water Solution, LG EPC**
When you combine LG Electonics’ global business reach with Hitachi Group’s technological expertise, anything
truly is possible. The joint venture between our two companies has resulted in a single source for best-in-class
engineering, procurement and construction ser vices for demanding clients around the world. Whether the need is
industrial or residential, LG EPC strives to go beyond treatment to ef ficient and sustainable water reuse. So that
customers and communities can treat water as the precious resource it truly is.
Expert Water Solution LG HiEntech***
The right technology is only half the story. It takes experience and ingenuity to operate water treatment facilities
ef ficiently and responsibly. LG HiEntech integrates the innovations of our other divisions into Korea’s best-in-class
environmental infrastructure operation and maintenance. Our personnel have developed engineering and manpower
expertise with the ability to meet specific customer needs in plants throughout the country. And now, with the
growing demand for expert water solutions around the world, LG HiEntech is about to bring that expertise to
markets across the globe.
* RoHS (Restriction of Hazardous Substances): EU directive since 2008 on the use of certain hazardous substances in electrical and electronic
equipment, prohibiting the use of lead, mercury, cadmium and more in the manufacturing process of electric and electronic products.
** LG EPC: Engineering, Procurement, Constrution
*** LG HiEntech: The new name of Daewoo Entech, acquired by LG from Daewoo Engineering and Construction, specializing in the management
of water treatment facilities.
58 59
Working with communities. Caring for our pl anet . Cheering for our heroes. These are our shared values that make life bet ter.
5958
Working with communities. Caring for our pl anet . Cheering for our heroes. These are our shared values that make life bet ter.
Working with communities. Caring for our planet. Cheering for our heroes. These are
that make life better.
60 61
A commitment to reduce Greenhouse Gas Emissions A record to be proud of! For four consecutive years, LG has been
designated as a member of Carbon Management Global Leaders Club by the Carbon Disclosure Project* of Korea. We aim to
reduce 30 million tons of greenhouse gas emissions at the product use level in 2020, compared to the emissions of 2007.
Growing green businesses Yes, green can be good for business. Take a look at the Zero Energy America Project™** in Tampa,
Florida, where a local builder has tapped into LG products to offer “net-zero energy” luxury homes. It’s just one way that
business is benefiting from LG’s leadership in R&D which covers LED lighting, solar power, water treatment, and smart grid.
Products people are proud to own Greenovation comes home! Our Smart Appliances have already been helping consumers
save on energy costs. In 2012, over 1,000 LG products were designated as ENERGY STAR by the U.S. Environmental
Protection Agency (EPA).
Promoting green growth with our suppliers Green work is teamwork! Our Green Program, first begun in 2005, has been
helping and supporting our suppliers to create their own green management systems. In 2010, we developed it into Green
Program Plus, expanding the scope of our support with even more vendors across our extensive ecosystem.
* Carbon Disclosure Project | An international non-profit organization which provides global systems for companies to measure, disclose, manage and share vital environmental information.
** Zero Energy America Project™ | A project initiated by Marc Rutenberg, a U.S. based housing construction company, to build a zero energy house. Zero energy house refers to a building designed to operate using net zero grid energy and ultimately offsets the total energy consumption.
Facilitating resources recycling We are making great progress in recycling
equipment. This year, we’ve expanded our successful take-back programs to
make electronics recycling more convenient than ever. Working with local service
providers, recyclers, and NGOs around the world, our programs comply fully with
e-waste regulations in each country. And we continue to increase the use of
recycled materials in some of our products and packaging.
Green Management
LGUS e-waste Take-back program Website
“Greenovation” is the path we’ve set at LG to make sure our innovations have sustainability as our core value. And we have created guideposts in five key areas to direct us along the way: reducing greenhouse gas emissions, developing green businesses, enhancing products with greener features, working with our suppliers, and recycling resources. It’s a path destined to take us all toward a greener future.
Doing Good by Going Green
62 63
An International Commitment We are a long-time collaborator with international institutions seeking to achieve the UN
Millennium Development Goals (MDGs), an international pledge to reduce the world’s population living below the poverty line by
half by 2015. These Goals, adopted by 192 world leaders in 2000, from our core contribution areas: Environmental Sustainability,
Poverty and Disease. We work in partnership with the diverse stakeholders such as governments, local authorities, NGOs, academia
and international organizations including UN World Food Programme and International Vaccine Institute. With these goals in mind,
we are helping to establish a basis for self-sufficiency and career training in developing countries in Africa and Asia, and contributing
to resolve key social issues in local areas by helping people with shared water tanks in Mexico, a blood donation campaign in Russia
and other initiatives around the globe. Because life should be good for all, LG actively engaged in social contribution initiatives
designed to support self-reliance of the underpriviledged, forster young talents and protect the environment by cooperation with
diverse stakeholders to achieve Sustainable Development Goals.
Donation of Technology Technology can make a big difference in improving lives around the world. And LG is bringing the full
force of our research and development to solve critical needs, build awareness of key issues, and encourage greater involvement.
We are helping bridge the “digital divide” with a mobile phone specifically designed for the visually impaired. And we offer our digital
billboard in New York’s Times Square and London’s Piccadilly Circus to International Organizations for promoting their causes.
LG is a global corporate citizen. We share the concerns of people and their communities around the globe. Under the umbrella campaign of “Life’s Good with LG,” we and all of our employees are happy to commit our technological knowledge, financial resources and communication channels with partner organizations aimed at creating differentiated value for everyone. It is what we call, “The LG Way”
LG employees are always pitching in All our members to help make a difference in
their own communities. Each year on June 5, tens of thousands of our employees take
part in World Environment Day, volunteering in efforts to improve the environment
across the globe. In 2005, our employees launched a talent sharing volunteering
program called “Life’s Good Volunteers” as a means to organize participation in hundreds
of local projects right where they live. We offer invaluable consulting to social startup
enterprises in partnership with our labor unions. And, we are proud to report that over
96% of LG Korea employees and 85% of executives have chosen to donate of fraction
of their monthly salary to care local community.
C . W
F P
R an
ak M
ar ti
n Life’s Good with vaccination
LG Hope Community Corporate Wide Social Contribution Slogan
LG Hope Fa mily
Social Responsibility
Making “Life’s Good” Possible for Everyone
64 65
‘Share the Genius’ of the G Pro You don’t get any hotter than the G Pro. And you don’t get any hipper than indie rock band Atlas
Genius. Put the two together and you have a product launch that had them dancing in the aisles. Which is exactly what happened
this past May at the Metropolitan Pavilion in New York City’s trend-setting Chelsea neighborhood. Music fans and tech reporters
took their seats—and took to their feet—as the band not only played, but also sang the praises of G Pro features that let them share
their music and updates from the road in new and creative ways. And the event was captured (with a G Pro, of course) and shared on
LG Mobile Facebook and Twitter feeds.
Digital Experience 2013 Now in its 9th year, the LG Digital Experience is not just an important date on our calendar—it has
become one of the premier events for the entire Brazilian tech community. Brazil is now one of the largest operation outside of
Korea, making this an event with enormous impact. Guests, key retail customers, the press and the public got their first looks at over
375 of our most innovative product from all divisions, truly living up to this year’s model: “Viva Maid da Vida Smart” (“Live More of the
Smart Life”). What could make the event even bigger? The Brazilian soccer star was on hand to celebrate the launch of his biography
as an e-book app for smart TV. It’s an event that definitely reached its “goal!”
A Smart Choice for Everyone. Globally With so much innovation to show off, LG Home Appliances requires a product showcase
to call its own. Twice. This past April, the LG Innovation Festival, widely known as Innofest, brought scores of business partners and
the press to locations in Cancun, Mexico and Berlin, Germany. Guests were treated to first-look demonstrations of our latest—and
smartest—home appliances with features geared to the needs of their own local markets. From Eco-Hybrid washer-dryers and Door-
in-Door refrigerators to Charcoal Lighting Heater ovens and the Hom-Bot Square robotic vacuum, the products proved once again
that LG innovation is one brand worthy of a festival all its own.
Sponsorship for Olympia Program Olympia, the knowledge competition for High
School students on Vietnam’s biggest TV channel, has been a national institution
since 1999. LG Vietnam is proud to associate its brand name with a program that
celebrates the best in the country’s youth. Now, we are expanding the reach even
more with provincially broadcast shows for Middle School students. And, in keeping
with our platform of innovation, we will be sponsoring a new nationwide version for
college students that will test and celebrate the best of student creativity. You could
say it is one very smart sponsorship!
Digital Experience 2013 in Brazil
Global Marketing Initiatives
LG is a company with truly global reach. But matched with extensive local understanding. In 2013 we continued to bring our story of technology and innovation to different regions with marketing programs that tap into local customs and culture, and make LG a household name in homes around the world.
Big Markets, Even Bigger Excitement
Oly mpia progra m in Vie tn a m
G Pro l aunching show in U.S.
66 67
Baseball _Sponsor since 2013 Talk about a great place to “pitch” our products—LG is now the proud sponsor of two of the
most storied teams in Major League Baseball, the Los Angeles Dodgers and the Cincinnati Reds. As ballparks become more and
more modernized with technology to inform and entertain the fans, each team’s stadium will serve as ideal venues to show off LG
innovation including the LG G Pro smartphone. Dedicated product showrooms at Dodger Stadium in Los Angeles will give a chance
for fans to stop by and try out products between innings. And those fans can add up to a lot of traffic—more than 45 million people
have attended Dodger home games in the past ten years! And Reds fans are no less enthusiastic about their own home team. With
a seating capacity of over 42,000 people per game, there will be plenty of eyes on the LG brand when it appears on the giant screen
and stadium fences. Baseball and LG, a great new double play combination!
Formula 1TM _Sponsor since 2009 The most exciting sport on four wheels is the perfect platform to showcase LG innovation.
After all, Formula 1TM racing and LG products share the same key elements that drive the passion of their fans: sleek style,
engineering excellence, and the will to be first in the world.
NCAA* _Sponsor since 2009 This sponsorship was a slam dunk! 89 National Championships in 23 different sports, and a fan base
that will stop at nothing to root their favorite team on. That’s a lot of cheering over the course of one year! LG is proud to partner
with the NCAA and CBS Sports for an exclusive, fully-integrated campaign as part of promotional tie-ins throughout the year.
* NCAA: The National Collegiate Athletic Association
Sharing Our Passion with Customers
ICC** Cricket _Sponsor since 2002 Talk about passion! Few sports create the same
frenzy of excitement like cricket. And when teams compete for the Cricket World Cup
every four years, entire countries pause to cheer their national teams on to victory.
It’s the same kind of passion shared by LG employees for the challenges they share at
work every day, which is why ICC Cricket is the perfect platform to share our products
with the world. Match after match after match.
** ICC: International Cricket Council
ICC Cricket [2
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Sports Sponsorship
The path to victory begins with passion. Passion for our favorite sports, and for the teams and players we cheer on game af ter game, season af ter season. It’s a feeling that we all share at LG not only as sponsors, but also as a global community of fans of many different sports, from car racing to cricket. Which is why we’re doubly honored to sponsor some of the world’s leading organizations.
LG Replica Racing Car
68 69
Leading the market s. Inspiring the world.
It’s all possible.
LG World Record Campaign
Through a commitment to world-best technology and design, LG strives to be the world leader
in products that enrich people’s lives. But even in a culture dedicated to daily innovation, some
products truly surpass expectations and open the world’s eyes to new possibilities.
The World Record Campaign is a highly visible way to celebrate those LG products that outpace
the competition through World First and World Class features. The honored products are
carefully chosen based on very strict standards: they must either feature specs that are truly
superior to the competitors’, or be first to introduce a new function that meets a customer
need. The accomplishment must be further accredited by an external organization or be the
first place winners of the industry’s most prestigious awards.
LG World Records
70 71
CURVED OLED TV
The World’s First CURVED OLED TV
Based on internal survey of TV models available for purchase in 2013.
Door-in-Door Refrigerator
The World’s First
“Door-in-Door” Applied
Refrigerator
Based on internal sur vey of
Refrigerator models available for
purchase in March, 2012.
55 inch OLED TV
The World’s Largest & Slimmest 3D OLED TV
Based on internal survey of TV models available
for purchase in Jan., 2013.
X-Boom Mini Component
The World’s Most Powerful Mini-Component
Based on internal survey of mini-component
models available for purchase in Dec., 2012.
Titan Big 2 Air Conditioner
The World’s Most Powerful Air Conditioner
Based on internal testing and sur vey of wall-mounted on/
of f residential air conditioners available for purchase in April, 2013,
LG’s Titan Big 2 (LS-H366V850, LS-C366V8S0, LS-H366V4C0,
LS-H382V8C0) has the largest air volume and is able to operate
continually for more than 2 hours with outside temperature of 60°C.
Cinema Screen 3D TV (LM96)
The World’s Narrowest Bezel 3D TV
Based on internal survey of 3D TV
models available for purchase in Feb., 2012.
TurboWash™ Washing Machine
The World’s Largest
Capacity Washing Machine
Based on manufacturer’s
published specification of
residential washing machines,
March, 2012
Magic Remote
The World’s First Motion
Remote for TV
Based on internal survey of TV models available for
purchase in March, 2012.
Titan Deluxe Air Conditioner
The World’s First In-built AVS
Air Conditioner
Based on internal sur vey of Air Conditioner models
available for purchase in April, 2012.
3D Video Wall (50WV70MD)
The World’s
Narrowest 3D Video
Wall
Based on internal survey of
3D Video wall in the Digital
Signage models available for
purchase in July, 2012
Slim Art Lighting
The World’s Slimmest LED Pendant Lighting
Based on internal survey of LED pendant lighting
models available for purchase in Nov. 2012.
LTE Phones
The World’s Leader in
LTE Device Patents
Based on June 2012 research
by TechIPM.
Anti Mosquito Air Conditioner
The World’s First Anti-Mosquito Air Conditioner
Based on third-party testing, LG’s HS-C1264NN4,
with Ultrasonic Technology, can repel up to 62.5% of
anopheles mosquitoes carrying the malaria virus.
7372
We believe technol og y is an enabler. It frees you to dream and focus on your own ideas. And it hel ps you achieve what you want for yourself.
When the technol og y realizes your dream, it ’s al l possible.
7372
We believe technol og y is an enabler.
When the technol og y realizes your dream, it ’s al l possible.
dream and focus on your own ideas. And it helps you achieve what you want for yourself.
74 75
Smar t Business C enter
Corporate Design C enter
Qualit y Center
Corporate Strategic P l anning Div is ion
Corporate Business Pl anning Div is ion
Corporate Audit Division
C h ie f O pe ra tin g O f fice r
Chie f Te ch n ology O f fice r
Chie f Fin a n cia l O f fice r
Global M a rke tin g O f fice r
Business Su ppor t O f fice r
Chief Human re sou rce O f fice r V
eh ic
le C
o m
p o
n en
ts
H
om e
En te
rta inm
ent Mobile Communications H
o m
e A ppliances
As of 2012_ In Billions of Korean Won
Vice Chairman & CEO
Organization Sales
Employees
Investment
As of 2012 _In Billions of Korean Won
Global revenue, referring to the total revenue of the global subsidiaries’ accounts excluding internal transactions.
Japan 2%
Korea 14%
Europe 12%
China 3%
North America 23%
Central & South America 15%
CIS 8% India 5%
South East Asia 7%
Middle East & Africa 11% Sales by Region
HE 45%
HA 22%
MC 20%
AE 9%
Others 4%
Sales by Company
2,516 R&D Investment
1,619 Equipment Investment50,31936,378
Overseas Korea
A i r C o n d i t i o n i n g & E n e r g y S o l
u t i o n
As of 2012 _In Billions of Korean Won
Global revenue, referring to the total
revenue of the global subsidiaries’ accounts
excluding internal transactions.
2011
54,257 2012
50,248
Total
4,135
Total
86,697
Facts & Figures
76 77
LGERS Reynosa• •LGESR Riaydh
LGEYT Yantai •LGESY Shenyang
LGEQH Qinhuangdao
•LGEND NanjingLGEPN Nanjing / •LGEKS Kunshan •LGEHN Hangzhou
•LGEMX Mexicali
LGEMM Apodaca, Nuevo Leon
•LGEQD Qingdao
•LGETR Taizhou • LGESH Shanghai
LGETA TianjinLGETL Tianjin / •
LGEHZ Huizhou •
LG Cons. Panama city
• LGEMA Mlawa
• •
LG BT Beijing / •
LGECH Beijing
LGEEH Amsterdam
•
•LGESK Nairobi
LGEAO Luanda
•LGEAI Hunstville
LGEME Dubai
•
• LGERI Moscow
•LGEBR Taubate
•
LGEOT Dubai
•LGESBJeddah
LG Receivable Funding Englewood Cliffs
• SOCIO São Paulo
•
•LGERA Moscow
•LGEAK Almaty
•LGESA Johannesburg
•LGEEG Katameya (Head Office) Ismailia (Factory)
•LG AG Taubate
• LGETH Bangkok
•LGEIN Jakarta
• LGEIL New Delhi
LGEQA Qingdao
•
LGEVN Hung Yen
•
•LGERM Moscow
• LGEIL Pune
• LGETH Rayong•
LGSI Bangalore
•C&S AmericaSolution Panama city /
• LGEMF Villepinte
LGERD Beijing•
LGEJL Tokyo•
LGCRC Shanghai • LGEMR San Diego
•
Triveni Princeton Junction ZENITH Chicago
••Zenith Pennsylvania •
SLGMM Apodaca •
•LGEPS Panama city
•LGEAG Vienna
• LGECI North York
•LGEMS Mexico City
•LGEMU San Diego
•LGEUS Englewood Cliffs
•LGEML Kuala Lumpur
•LGEPH Manila
•LGESL Singapore
•LGECZ Praha•LGEDG Duesseldorf •LGEFS Paris
•LGELV Riga
•LGENO Oslo
• LGEWR Wroclaw
•LGESW Stockholm
•LGERO Bucharest
•LGEPT Lisbon
LGEPL Warsaw
•LGEIS Milano
•LGEHS Athens •LGEES Madrid
LGEUK London •
•LGETT Taipei
•LGEUR Kiev
•LGEJP Tokyo
•LGETK Istanbul
•LGEMC Casablanca •LGELF Amman
•LGEAS Algeria •LGETU Tunis
•LGEAF Dubai LGEGF Dubai LGEDF Dubai
•LGEMI Miami
•Guatemala Guatemala City
•LGEPR Lima
•LGECL Santiago
•LGECB Bogota
•LGEAR Buenos Aires
LGEMK Budapest•
LGEHK Hong Kong •
LGEBN Amsterdam
•
LGEAP Sydney
•
•
•Easytec Lagos
• LGE Honduras Tegucigalpa
• LGEVZ Caracas
LGESC Amstelveen
•
•
•SILG Mexico City
LGEWA Wales •
LG Philips Display Amsterdam
•LGENI Lagos
•LGEAT Istanbul
•LG Pasig Manila
•EIC Singapore
• LG Holding(HK) Hong Kong
• America
LGEMI LG Electronics Miami Inc. LGEAI LG Electronics Alabama Inc. LGECI LG Electronics Canada, Inc. LGEMX LG Electronics Mexicalli, S.A. DE C.V. LGEMS LG Electronics Mexico S.A. DE C.V. LGEMR LG Electronics Mobile Research U.S.A., L.L.C. LGEMU LG Electronics Mobilecomm U.S.A., Inc. LGEMM LG Electronics Monterrey Mexico S.A.de C.V. LGERS LG Electronics Reynosa S.A. DE C.V. LGEUS LG Electronics U.S.A., Inc. SILG ServiciosIntegrales LG S.A DE C.V Triveni Triveni Digital Inc. Zenith Zenith Electronics Corporation of Pennsylvania LG AG LG ArmagemGeral Ltda. LGEAR LG Electronics Argentina S.A. LGECB LG Electronics Colombia Ltda. LGEBR LG Electronics do Brasil Ltda. LGE Honduras LG Electronics Honduras S.de R.L. LGECL LG Electronics Inc. Chile Ltda. LGEPS LG Electronics Panama, S.A. LGEPR LG Electronics Peru S.A. LGEVZ LG Electronics Venezuela S.A. SOCIO SOCIO VIP Ltda. C&S America Solution C&S America Solutions LG Cons. LG Consulting corp. Guatemala LG Electronics Guatemala S.A. ZENITH Zenith Electronics LLC SLGMM Servicios LG Monterrey Mexico S.A. de C.V. LG Receivable Funding LLC LG Receivable Funding LLC
Europe
LGEAG LG Electronics Austria GmbH LGEBN LG Electronics Benelux Sales B.V. LGECZ LG Electronics CZ, s.r.o. LGEDG LG Electronics Deutschland GmbH LGEES LG Electronics Espana S.A. LGEEH LG Electronics European Holdings B.V. LGESC LG Electronics European Shared Service Center B.V. LGEFS LG Electronics France S.A.S. LGEHS LG Electronics Hellas S.A. LGEIS LG Electronics Italia S.p.A LGELV LG Electronics Latvia, LLC LGEMK LG Electronics Magyar KFT LGEMA LG Electronics Mlawa Sp. z o.o LGEMF LG Electronics Mobilecomm France LGESW LG Electronics Nordic AB LGENO LG Electronics Norway AS LGEPL LG Electronics Polska Sp. z o.o LGEPT LG Electronics Portugal S.A. LGERO LG Electronics Romania S.R.L. LGEUK LG Electronics United Kingdom Ltd. LGEWR LG Electronics Wroclaw Sp.zo.o LGEWA LG Electronics Wales Ltd. LG Philips Display(NL) LG Philips Display Holding B.V
Middle East & Africa
Easytec Easytec Global Services Innovation Limited LGEAO LG Electronics Angola Limitada LGELF LG Electronics (Levant) Jordan LGEAF LG Electronics Africa Logistics FZE LGEAS LG Electronics Algeria SARL LGEDF LG Electronics Dubai FZE LGEEG LG Electronics Egypt S.A.E LGEGF LG Electronics Gulf FZE LGEME LG Electronics Middle East Co., Ltd. LGEMC LG Electronics Morocco S.A.R.L LGETU LG Electronics North Africa LGESA LG Electronics S.A. (Pty) Ltd. LGETK LG Electronics Ticaret A.S. LGESR LG-Shaker Co., Ltd. (Riaydh) LGESK LG Electronics Service Kenya Limited LGESB LG Electronics Saudi Arabia Limited LGENI LG Electronics Nigeria Limited LGEAT Arcelik-LG KlimaSanayiveTicaret A.S.
Asia
LGEAP LG Electronics Australia Pty, Ltd. LGEIL LG Electronics India Pvt. Ltd. LGEJL LG Electronics Japan Lab. Inc. LGEJP LG Electronics Japan, Inc. LGEML LG Electronics Malaysia SDN. BHD LGEPH LG Electronics Philippines Inc. LGESL LG Electronics Singapore PTE LTD. LGETH LG Electronics Thailand Co., Ltd. LGEVN LG Electronics Vietnam Co., Ltd. LGSI LG Soft India Private Limited. LGEIN P.T. LG Electronics Indonesia LG Pasig LG Electronics Pasig, Inc. EIC EIC Properties Pte Ltd
China
LGEYT Inspur LG Digital Mobile Communications Co., Ltd. LGECH LG Electronics (China) Co., Ltd. LGERD LG Electronics (China) Research and Development Centre Co., Ltd. LGEHN LG Electronics (Hangzhou) Co., Ltd. LGEKS LG Electronics (Kunshan) Computer Co., Ltd. LGCRC LG Electronics (Shanghai) Research and Development Center Co., Ltd. LGEQA LG Electronics Air-Conditioning(Shandong) Co., Ltd. LGEHK LG Electronics HK Ltd. LGEHZ LG Electronics Huizhou Ltd. LGEND LG Electronics Nanjing Display Co., Ltd. LGEQH LG Electronics Qinhuangdao Inc. LGESY LG Electronics Shenyang Inc. LGETA LG Electronics Tianjin Appliances Co., Ltd. LGEPN NanJing LG-Panda Appliances Co., Ltd. LGEQD Qingdao LG Inspur Digital Communication Co., Ltd. LGESH Shanghai LG Electronics Co., Ltd. LGETR Taizhou LG Electronics Refrigeration Co., Ltd. LGETL Tianjin Lijie cartridge heater Co., Ltd. LG Holding (HK) LTD LG Holding (HK) LTD LG BT Beijing LG Building Development Co.,Ltd LGETT LG Electronics Taiwan Taipei Co., Ltd.
CIS
LGERI LG Alina Electronics LGEAK LG Electronics Almaty Kazakhstan LGERA LG Electronics RUS, LLC LGERM LG Electronics RUS-Marketing, LLC LGEUR LG Electronics Ukraine Inc. LGEOT LG Electronics Russia & Ukraine
LGERS Reynosa• •LGESR Riaydh
LGEYT Yantai •LGESY Shenyang
LGEQH Qinhuangdao
•LGEND NanjingLGEPN Nanjing / •LGEKS Kunshan •LGEHN Hangzhou
•LGEMX Mexicali
LGEMM Apodaca, Nuevo Leon
•LGEQD Qingdao
•LGETR Taizhou • LGESH Shanghai
LGETA TianjinLGETL Tianjin / •
LGEHZ Huizhou •
LG Cons. Panama city
• LGEMA Mlawa
• •
LG BT Beijing / •
LGECH Beijing
LGEEH Amsterdam
•
•LGESK Nairobi
LGEAO Luanda
•LGEAI Hunstville
LGEME Dubai
•
• LGERI Moscow
•LGEBR Taubate
•
LGEOT Dubai
•LGESBJeddah
LG Receivable Funding Englewood Cliffs
• SOCIO São Paulo
•
•LGERA Moscow
•LGEAK Almaty
•LGESA Johannesburg
•LGEEG Katameya (Head Office) Ismailia (Factory)
•LG AG Taubate
• LGETH Bangkok
•LGEIN Jakarta
• LGEIL New Delhi
LGEQA Qingdao
•
LGEVN Hung Yen
•
•LGERM Moscow
• LGEIL Pune
• LGETH Rayong•
LGSI Bangalore
•C&S AmericaSolution Panama city /
• LGEMF Villepinte
LGERD Beijing•
LGEJL Tokyo•
LGCRC Shanghai • LGEMR San Diego
•
Triveni Princeton Junction ZENITH Chicago
••Zenith Pennsylvania •
SLGMM Apodaca •
•LGEPS Panama city
•LGEAG Vienna
• LGECI North York
•LGEMS Mexico City
•LGEMU San Diego
•LGEUS Englewood Cliffs
•LGEML Kuala Lumpur
•LGEPH Manila
•LGESL Singapore
•LGECZ Praha•LGEDG Duesseldorf •LGEFS Paris
•LGELV Riga
•LGENO Oslo
• LGEWR Wroclaw
•LGESW Stockholm
•LGERO Bucharest
•LGEPT Lisbon
LGEPL Warsaw
•LGEIS Milano
•LGEHS Athens •LGEES Madrid
LGEUK London •
•LGETT Taipei
•LGEUR Kiev
•LGEJP Tokyo
•LGETK Istanbul
•LGEMC Casablanca •LGELF Amman
•LGEAS Algeria •LGETU Tunis
•LGEAF Dubai LGEGF Dubai LGEDF Dubai
•LGEMI Miami
•Guatemala Guatemala City
•LGEPR Lima
•LGECL Santiago
•LGECB Bogota
•LGEAR Buenos Aires
LGEMK Budapest•
LGEHK Hong Kong •
LGEBN Amsterdam
•
LGEAP Sydney
•
•
•Easytec Lagos
• LGE Honduras Tegucigalpa
• LGEVZ Caracas
LGESC Amstelveen
•
•
•SILG Mexico City
LGEWA Wales •
LG Philips Display Amsterdam
•LGENI Lagos
•LGEAT Istanbul
•LG Pasig Manila
•EIC Singapore
• LG Holding(HK) Hong Kong
•
Global Operations
� Marketing
� R&D
� Marketing & Production
� Service
� Production
� Others
78 79
Bon-Joon Koo Vice Chairman & CEO /
LG Electronics
Havis Kwon President & CEO / Home
Entertainment Company
Sung-Jin Cho President& CEO / Home
Appliances Company
Jong-Seok Park Executive Vice
President & CEO /
Mobile Communications
Company
Hwan-Yong Nho President & CEO / Air
Conditioning & Energy
Solution Company
Woo-Jong Lee President & CEO /
Vehicle Components
Company
Jong-Sik Kim President / Chief Operating
Officer
Dae-Hyun Song Executive Vice President
& CEO / Russia
Wayne Park Executive Vice President
& CEO / US
Ki-Wan Kim Executive Vice
President / Global
Marketing Officer
Stanley Cho Executive Vice President
& Representative /
Europe
David Jung Executive Vice President
/ Chief Financial Officer
Hye-Woong Lee Senior Vice President
& CEO / Mexico
Jun-Ho Kim Senior Vice President /
Head of Quality Center
Sang-Gyu Choi Executive Vice President
& CEO / Korea Marketing
Company
Skott Ahn President / Chief
Technology Officer, Head of
Corporate Design Center
Soon Kwon Senior Vice President
& CEO / India
Sang-Geon Nam Executive Vice President /
Business Support Officer
Moon-Bum Shin President & CEO /
China
Se-Woo Park Vice President &
Representative / South
& Central America
James Park Senior Vice President &
Representative / Middle
East & Africa
Chang-Bum Byun Vice President &
CEO / Brazil
Ho-Geon Hwang Senior Vice President /
Chief Human Resources
Officer
Board of Directors
Inside
Bon-Joon Koo Vice Chairman & CEO of LG Electronics /
Director
David Jung Executive Vice President & CFO of
LG Electronics / Director
Yu-Sig Kang Vice Chairman of LG Management
Development Institute / Director
Outside
Kyu-Min Lee Advisor of SK Research Institute / Outside
Director
Sang-Hee Kim Lawyer / Outside Director
Chong-Nam Chu Professor of Seoul National University /
Outside Director
Chang-Woo Lee Professor of Seoul National University /
Outside Director
Audit Committee
Chang-Woo Lee Professor of Seoul National University /
Outside Director
Kyu-Min Lee Advisor of SK Research Institute / Outside
Director
Sang-Hee Kim Lawyer / Outside Director
Top Management
80 81
1958 • Established as Gold Star
1959 • Produced Korea’s first radio
1962 • Exported Korea’s first radios to the US and Hong Kong
1965 • Produced Korea’s first refrigerator
1966 • Produced Korea’s first black and white TV
1968 • Produced Korea’s first air conditioner
1969 • Produced Korea’s first washing machine
1974 • Listed on the Korea Stock Exchange
1977 • Produced Korea’s first color TV
1978 • Surpassed USD 100 million in exports, a Korean
industry first
1980 • Established first EU sales subsidiary in Germany
(LGEWG)
1982 • Established US color TV plant in Huntsville, Alabama
1984 • Surpassed KRW 1 trillion in sales for the first time
1986 • Established European VCR plant in Germany
1988 • Established sales and joint venture production
subsidiaries in Thailand
1991 • Established design technology center in Ireland
1993 • Established a production and sales subsidiary in
Huizhou, China (LGEHZ), beginning a full-scale advance into the Chinese market
1995 • Renamed as LG Electronics • Acquired US-based Zenith Electronics
1997 • Developed 40-inch Plasma TV and world’s first DTV IC
chipset • Established India production subsidiary (LGEIL)
1998 • Developed world’s first 60-inch Plasma TV
1999 • Co-established LG.Philips LCD (currently LG Display)
2000 • Acquired operations of LG Information &
Communications • Launched world’s first Internet-enabled refrigerator
2001 • Commercialized asynchronous IMT-2000
communications equipment • Launched world’s first Internet-enabled washing
machine, air conditioner, and microwave oven
2002 • Demerged into two companies to unlock shareholder
value: holding company LG Electronics Investment (LGEI) and operating company LG Electronics (LGE)
• Commercialized world’s first home network system
2003 • Developed world’s first synchronous-asynchronous
IMT-2000 Mobile phone • Developed world’s first 76-inch Plasma TV • Launched world’s first DVD rewriter compatible with all
CD and DVD standards • Led US CDMA mobile phone market for the first time
2004 • Received approval for E-VSB as the next generation
ATSC DTV transmission standard • Launched world’s first 55-inch LCD TV • Commercialized world’s first 71-inch Plasma TV • Developed world’s first mobile phone with T-DMB
mobile TV reception • Developed home cinema system with wireless speakers • Led global CDMA mobile phone market for the first
time
2005 • Launched world’s first notebook with T-DMB reception • Launched LG Chocolate, the first phone in the Black
Label Series • Developed world’s first 102-inch Plasma TV • Co-established LG-Nortel, a telecommunications
network equipment venture with Nortel Networks • Launched mobile phone with S-DMB reception and
recording
2006 • Launched LG Shine, the second handset in the Black
Label Series • Launched steam washing machine and interactive TV
refrigerator • Developed world’s first 100-inch LCD TV • Launched world’s first full HD (1080p) 102-inch
Plasma TV • Developed world’s first dual-format high-definition disc
player and drive
2007 • Launched BH100 Super Blu, the world’s first dual-
format HD disc player • Launched PRADA Phone by LG with advanced touch
interface • Won record number of international design awards,
including 21 iF and 29 red dot Design Award • Launched 120 Hz full HD LCD TV line • Shipped 15 millionth LG Chocolate Phone • Led US drum washing machine market for the first
time
2008 • The 50th Anniversary of LG Electronics • Established new LG Electronics brand identity • Launched LG Secret, the third handset in the Black
Label Series • Released LCD TV Scarlet in 80 nations simultaneously • Unveiled the world’s first Bluetooth headset combined
mobile phone • Unveiled the world’s first Blu-ray network storage • Held international environment conference with UN • Developed the world’s first LTE mobile modem chip • Recorded over 100 million units of LG air conditioners
in accumulated sales
2009 • Became second-largest LCD TV provider worldwide • Became third-largest supplier of mobile handsets
market worldwide • Became Global Partner and Technology Partner of
Formula One™
2010 • Unveiled world’s first and fastest dual-core
smartphone, LG Optimus 2X • Unveiled world’s first full LED 3D TV • Unveiled the new E90 monitor, the company’s slimmest
LED monitor to date at just 7.2 mm in depth • Unveiled the company’s first ever Real 3D Sound Home
Theater System • Unveiled its latest, groundbreaking creations: the
BIGIN, a largest-in-class washing machine with LG’s proprietary 6 Motion Direct Drive; the iPRO, the largest, most energy efficient refrigerator in its class; the world’s first solar Lightwave oven and the world’s first KOMPRESSOR™ vacuum cleaner
2011 • Launched water treatment business providing full-scale
planning through total maintenance solutions • Introduced CINEMA 3D Smart TV combining industry-
leading 3D technology and smart TV capabilities • Unveiled the world’s first smart appliances delivering
the consumer benefits of smart savings and smart convenience
• Launched the largest French-door refrigerator in its class offering unparalleled capacity and convenience
• Increased investment in air conditioning solutions delivering a full line-up for residential through large industries
• Introduced LG Revolution™, LG’s first 4G smartphone followed by Optimus LTE, the company’s best-selling 4G smartphone to date.
2012 • Established Smart Business Center to lead smart
innovation • Introduced the largest and slimmest 55-inch OLED TV • Unveiled the world’s first 84-inch ULTRA HD TV • Unveiled G, first LTE Snapdragon S4 Pro Quad-Core
smartphone • Launched Nexus 4 in partnership with Google • Introduced world-leading smart appliances with
enhanced connectivity and greater convenience • Introduced proprietary TurboWash™ washing machine
and innovative refrigerator with Door-in-Door • Unveiled ultra-high efficiency HVAC solutions including