LG Statistics and Facts Last updated on: November 13, 2025

Introduction

LG Statistics: LG, which is an abbreviation for Lucky Goldstar, is a multinational conglomerate based in South Korea that manufactures a diverse array of consumer electronics and home appliances. Established in 1947, the company has evolved into a global brand recognised for its products such as televisions, refrigerators, and washing machines, in addition to more sophisticated technologies in sectors like automotive components and solutions.

Whether it pertains to their electronics or home appliances, LG Electronics has established itself as a household name through its extensive range of products. Since its inception in 1958, this multinational electronics firm, which is headquartered in Seoul, has significantly developed and broadened its product range. Presently, LG Electronics is regarded as one of the foremost consumer electronics companies worldwide, generating billions of dollars in annual revenue. Likewise, the South Korean corporation has emerged as a key player in the household appliance sector. Vying with other technology giants in the industry for a leading position. Due to its increasing and widespread popularity, consumers can acquire products produced by LG Electronics globally, including in Asia, North America, and Europe.

Editor’s Choice

• In 1999, LG Semiconductor combined with Hynix.
• In 2023, Toyota and LG Energy Solution entered into a supply agreement.
• As reported by LG Statistics, the revenue generated by LG Electronics reached USD 63.3 billion by the year 2023.
• As of March 2024, LG Electronics is projected to have a market capitalisation of USD 12.71 billion, reflecting a year-over-year decrease of 5.24%.
• LG Electronics possesses a total of 141,312 patents worldwide, of which 69,097 have been granted.
• In 2024, the earnings and market capitalisation of the company are USD 0.20 billion and USD 3.89 billion, respectively.

Historical Facts

• In 1958, LG Electronics was established under the name GoldStar (Korean: 금성). This formation took place in the wake of the Korean War, with the objective of supplying the recovering nation with locally manufactured consumer electronics and household appliances.
• GoldStar executed its initial public offering in 1970; by 1976, it had reached an annual output of 1 million televisions.
• On 28 February 1995, GoldStar merged with Lucky Chemical and GoldStar Cable, resulting in a rebranding to Lucky-Goldstar, which eventually transformed into LG Electronics.
• In 1998, LG introduced the world’s first 60-inch plasma television, and in 1999, it established a joint venture with Philips, known as LG.Philips LCD, which is currently referred to as LG Display.
• In 1999, LG Semiconductor combined with Hynix.
• In 2000, LG Electronics operated the website LGE.com.
• By 2005, LG had positioned itself among the Top 100 global brands, achieving a brand growth of 14% in 2006.
• As of 2009, LG Display, its display manufacturing subsidiary, was recognized as the largest LCD panel manufacturer globally.
• In 2010, LG Electronics ventured into the smartphone market.
• On 11 June 2015, LG Electronics became embroiled in a human rights controversy following an article published by The Guardian, written by Rosa Moreno, a former employee of an LG television assembly facility.
• At the close of 2016, LG Electronics consolidated its German branch and European headquarters in Eschborn.
• In March 2017, LG Electronics faced a lawsuit regarding its management of hardware issues with recent smartphones, including the LG G4.
• In 2020, LG reported a loss of 5 trillion won (approximately US$4.4 billion).
• As of 1 December 2021, Chief Strategy Officer William Cho is set to succeed Bong-seok Kwon as the CEO of LG Electronics.

General LG Statistics and Facts

• LG Energy Solution is continuously expanding its production capabilities, and by the year 2025. The company plans to set up manufacturing plants and other joint ventures across North America, Europe, and Asia.
• In South Korea, LG Chem reported an operating profit of approximately 37 billion won from its petrochemical sector.
• In 2023, Toyota and LG Energy Solution entered into a supply agreement.
• In the United States, a joint venture was established between LG Energy Solution and Hyundai Motor Group for the production of battery cells.
• In Arizona, LG Energy Solution has announced the development of a manufacturing complex dedicated to EV and ESS batteries.
• LG Corp. anticipates a rise in its renewable energy consumption in the upcoming years by establishing intermediary usage targets. Including 60% by 2030,90% by 2040, and 100% by 2050.
• Additionally, the company has committed to its “Zero Carbon 2030” initiative. This aims to reach net-zero carbon dioxide emissions by the end of 2030.
• In the initial three quarters of 2023, LG Electronics secured a market share of 55%. Leading to the shipment of 2,036,800 units of OLED televisions.

LG Electronics Revenue Statistics

• As reported by LG Statistics, the revenue generated by LG Electronics reached USD 63.3 billion by the year 2023.
• Additionally, the quarterly revenue breakdown for Electronics in 2023 is as follows: Q1 (USD 12.16 billion), Q2 (USD 12.32 billion), Q3 (USD 12.2 billion), and Q4 (USD 11.71 billion).
• The segment that generated the highest revenue for LG Electronics was the home appliances and air solution division, which accounted for 30 trillion won (USD 22.5 billion).
• According to a report from Statista, the net income of LG Electronics was recorded at USD 860 million.
• In 2023, the total annual earnings were reported to be USD 1.43 billion, reflecting a decrease of 37.75%.

LG Electronics Market Statistics

• As of March 2024, LG Electronics is projected to have a market capitalisation of USD 12.71 billion, reflecting a year-over-year decrease of 5.24%.

• In 2023, the monthly market capitalization was recorded on the 28th of January (USD 13.51 billion), the 25th of February (USD 414.91 billion), the 18th of March (USD 16.21 billion), the 15th of April (USD 15.77 billion), the 20th of May (USD 15.64 billion), the 24th of June (USD 16.04 billion), the 22nd of July (USD 16.2 billion), the 26th of August(USD 12.6 billion), the 16th of September(USD 13.82 billion), the 28th of October (USD 12.79 billion), the 25th of November(USD 13.75 billion), and the 30th of December(USD 13.42 billion).

• Conversely, the recorded market capitalization in 2024 includes figures from the 6th of January (USD 12.54 billion), the 20th of January (USD 11.75 billion), the 3rd of February (USD 12.42 billion), the 17th of February (USD 12.73 billion), the 2nd of March (USD 12.17 billion), and the 15th of March (USD 12.71 billion).

LG Patent Statistics

• In 2023, South Korea registered the highest number of patents at 40,897 for LG Electronics globally.
• The subsequent leading countries in patent filings include the United States of America with 28,735, Europe with 14,822, China with 13,005, Germany with 9,505, Japan with 4,254, India with 2,259, Australia with 1,669, the United Kingdom with 1,327, and Brazil with 986.

• LG Electronics possesses a total of 141,312 patents worldwide, of which 69,097 have been granted.
• More than 72% of these 141,312 patents are currently active.
• South Korea is the nation where LG Electronics has submitted the most patents, followed by the United States of America and Europe.
• South Korea also serves as the main research and development center and the home country of LG Electronics.
• Founded in 1958, LG Electronics manufactures and markets home appliances and digital display products. Including flat-panel televisions, audio-visual equipment, washing machines, air conditioners, refrigerators, and telecommunications devices such as tablets and smartphones.
• As of January 2023, LG Electronics boasts a market capitalization of USD 12.01 billion.
• The founder, Koo In-Hwoi, possesses 0 patents, while the CEO, William Cho, similarly holds 0 patents.
• The 141,312 patents of LG Electronics are categorized into 62,663 unique patent families.
• Out of the total 141,312 patents, 102,493 are presently active.

LG Chemicals Statistics

• LG Statistics indicate that LG Chemicals generated approximately USD 43.14 billion in revenue for the year 2023, reflecting an increase of 8.52% compared to the previous year.
• The operating profit for LG Chem was reported at KRW 2.5 trillion, representing a decline of 15.1%.
• As per LG Chem’s most recent financial statements, the company’s current earnings stood at USD 2.08 billion, which signifies a decrease of 12.54%.
• In South Korea, LG Chem’s operating profit from petrochemicals reached around 37 billion won.

LG Statistics by LG Uplus

• A report by Forbes indicates that in 2023, the total revenue and assets of South Korean telecom carrier LG Uplus Corp. were USD 10.8 billion and USD 15.6 billion, respectively.
• The operating profit for this subsidiary was recorded at 998 billion won (USD 751.8 billion) in 2023, reflecting a decrease of 7.7% compared to the previous year.
• According to LG Statistics, by the conclusion of the 4th quarter of 2023, LG Uplus had approximately 7.04 million subscribers, marking a year-over-year increase of 16.2%.
• Sales from LG Uplus’s wireless division amounted to 1.58 trillion won, representing a growth of 0.6%.

LG by Household and Health Care Statistics

• According to the most recent financial reports from LG Statistics, the revenue generated by the LG Household and Health Care segment amounted to USD 5.16 billion in 2023, reflecting a decrease of -6.57%.
• In 2024, the earnings and market capitalisation of the company are USD 0.20 billion and USD 3.89 billion, respectively.
• Nevertheless, it is anticipated that by 2024, the market capitalisation will remain at USD 3.89 billion.

LG Demographic Statistics

• The distribution of users by gender indicates that 66.54% are male and 3.46% are female.

• According to LG Statistics categorised by age group, the largest proportion of website users is found among those aged 25 to 34 years, accounting for 29.79%.
• Users aged between 35 and 44 years represent 19.89% of the total.
• Additionally, 16.36% of users fall within the 18 to 24 years age range, while 15.87% are aged 45 to 54 years.
• Furthermore, 11.38% of website users are in the 55 to 64 years age group.
• Lastly, nearly 6.72% of users are from the age group of 65 years and older.

LG Website by Country & Device

• The traffic distribution of lg.com by device indicates that mobile users account for 77.98%, while desktop users represent 22.02%.
• In the United States of America, 2% of the total LG user base is located, translating to 9.63 million users. Among these, 3.25% utilise desktop devices, whereas 66.75% are mobile users.
• India contributes 5.17 million users, which corresponds to 9.77% of the total. With 10.16% using desktops and 89.84% using mobile devices.
• From the overall user base, 8.16% are from Brazil, amounting to 4.32 million users. With 27.65% accessing the desktop version and 72.35% using mobile devices.
• Mexico and Germany have approximately 3.24 million and 1.78 million users, representing 6.13% and 3.36% of the total, respectively.
• In Mexico, 7.39% of users are on desktop while 92.61% are on mobile, whereas in Germany. 27.07% of users access the website via desktop, and 72.93% are mobile users.

LG Fun Facts

• The company’s inaugural product was “Lucky Cream”, recognized as the first makeup cream from Korea.
• The acronym LG originates from the previous name of the company, “Lucky GoldStar”. Furthermore, the letters “L” and “G” encircled represent concepts such as the future, global unity, humanity, youth, and technological advancement. The LG logo is closely linked to the slogan “Life’s Good”.
• Following the inspiration drawn from a banana, the company introduced a series of mobile phones characterised by more pronounced curves. These devices were designed for comfortable handling in the hand and against the cheek.
• LG Electronics oversees more than 118 local subsidiaries across the globe, employing approximately 83,000 executives and staff members.
• Since 2009, LG has consistently held the esteemed position of the third-largest mobile phone manufacturer worldwide.

Recent Developments

• In June 2022, LG completed its acquisition of AppleMango, a South Korean manufacturer of electric vehicle chargers, by purchasing 60% of the company’s shares.
• In April 2024, a cybersecurity company identified security vulnerabilities in tens of thousands of LG smart TV models that could allow hackers to take control of these devices. This issue specifically impacts smart TVs operating on LG’s WebOS platform from version 4 to version 7.

LG Future Predictions

• The lowest price of LG Electronics shares in 2026 may reach ₹2,000, while the highest price could be ₹2,500.
• In 2027, the lowest price of LG Electronics shares may reach ₹2,300, whereas the highest price could be ₹2,800.
• In 2028, the lowest price of LG Electronics shares may reach ₹2,450, and the highest price could be ₹3,000.
• The lowest price of LG Electronics shares in 2030 may reach ₹2,750, while the highest price could be ₹3,500.

Conclusion

LG Corp is a prominent global manufacturer of electronics, specialising in home appliances, home entertainment, and smart life solutions, although it has withdrawn from the smartphone sector. Further, the company’s financial results are considerable, showcasing significant revenue in its appliance and entertainment divisions. Along with a strong commitment to innovation and market leadership. In order to address challenges such as a competitive marketplace and evolving consumer preferences. LG is evolving from a home appliance brand into a “Smart Life Solution Company.”

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