[Concall] LG Electronics "Pent-up Demand for Home Appliances Will Continue After COVID-19"
[Asia Economy Reporter Suyeon Woo] LG Electronics stated in its Q1 earnings conference call on the 29th, "The pent-up demand effect for home appliances, which began in earnest in the second half of last year, is expected to continue into the second half of this year," adding, "Even after the COVID-19 situation ends, demand for hygiene and health appliances is expected to continue increasing."
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They continued, "Our company is maintaining remarkable growth in hygiene steam appliances and rental business, and through activities such as strengthening marketing for premium products and online sales business, we will continue to generate stable profitability."
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