LG Electronics Surpasses 70 Trillion Won in Annual Sales for the First Time Last Year (Update)

[Asia Economy Reporter Park Sun-mi] LG Electronics achieved consolidated sales of 74.7216 trillion KRW and an operating profit of 3.8638 trillion KRW last year. Sales increased by 28.7% compared to the previous year, marking the first time sales exceeded 70 trillion KRW.

On the 27th, LG Electronics announced that sales grew significantly thanks to the expansion of premium product sales such as hygiene appliances, space interior appliances, and OLED TVs, as well as growth in major overseas markets. Strengthening business competitiveness based on product competitiveness and differentiated customer value also had a positive impact on strong sales.

All business divisions recorded their highest annual sales last year. Combined sales of the H&A (Home Appliance) Business Division and the HE (TV) Business Division exceeded 40 trillion KRW for the first time. In particular, the H&A Business Division achieved sales of 27.1097 trillion KRW, continuing its upward trend for six consecutive years. The VS (Vehicle Components) Business Division also surpassed 7 trillion KRW in annual sales for the first time.

This content was produced with the assistance of AI translation services.