LG Electronics Inc - LGEJY STOCK NEWS

LG OLED partners with street artist Shepard Fairey at Frieze LA 2024 to blend physical and digital art, creating a unique sensory experience. The exhibition, themed Peace and Justice, showcases Fairey's iconic work with a focus on societal issues. By integrating LG OLED technology, Fairey transforms his art into a new dimension, bridging traditional and digital mediums.

LG Electronics (LG) (Ticker: LGEJY) outlines its 'Future Vision 2030' goal and 'Break Through Limits' management policy during a press conference in Las Vegas. CEO William Cho introduced strategies to overcome market and supply chain uncertainties, accelerate growth, and transform into a 'Smart Life Solution Company'. The company plans to invest USD 8 billion* in R&D and other critical areas, double its level of investment, and invest more than USD 40 billion* by 2030 to transform its portfolio for qualitative business growth. LG aims for 'Triple Seven' goals for growth, profit, and value, with an average growth rate and operating profit of seven percent or more, as well as enterprise value translating to an EBITDA ratio of seven. The company is focusing on high-growth and high-profit core businesses, such as B2B expansion, electric vehicle charging, robotics, and platform-based service businesses. LG is also accelerating digital transformation (DX) through data-driven practices and next-gen ERP investment, aiming to provide F.U.N. – First, Unique and New – experiences for its customers.

LG Electronics (LG) Showcases Smart Life Solutions at CES 2024, Extending Beyond the Home to Various Spaces; Offers Transparent and Wireless 4K LG SIGNATURE OLED TV, Smart Home Powered by AI and IoT, Mobility Concept Alpha-able

LG Electronics (LG) redefines AI as 'Affectionate Intelligence,' highlighting the technology's role in elevating the customer experience. The company aims to transform into a Smart Life Solution Company, expanding its business into mobility, commercial, and virtual spaces. LG's AI solutions focus on real-time life intelligence, orchestrated intelligence with LG AI Brain, and commitment to responsible intelligence. The company showcased innovative AI-based technologies and strategies for smart home and mobility at CES 2024.

LG Electronics (LG) is set to host the LG World Premiere press conference at CES in Las Vegas in January 2024. The event will focus on the company's transformation into a Smart Life Solution Company and its use of AI to enhance living spaces and customer experience. CEO William Cho will announce key areas of focus for 2024 and beyond, unveiling state-of-the-art products and innovations.

LG Electronics (LG) announced organizational changes to achieve the Future Vision 2030, establishing the Overseas Sales and Marketing Company to strengthen global brand power. The company aims to create customer value, enhance executive capabilities, and accelerate the advancement of platform-based businesses and innovative D2C business models.

LG Electronics (LG) Wins 33 CES® 2024 Innovation Awards, Including Two Best of Innovation Awards for LG OLED TVs. The awards recognize LG's technological and design excellence across Home Appliance, Home Entertainment, and B2B categories. LG's OLED TVs received 12 awards, marking the 12th consecutive year of recognition. LG's Home Entertainment innovations, including LG Soundbars, LG XBOOM Portable Speakers, and LG Smart TV webOS apps, were also honored. LG Home Appliance products, such as LG SIGNATURE Washer & Dryers, and LG Business Solutions products, like LG UltraGear Gaming Monitors and LG gram Laptops, received awards. The full list of recipients will be announced at CES 2024 on January 7.

LG Electronics hosted the finals of the 2023 Global IT Challenge for Youth with Disabilities (GITC) in Abu Dhabi, attracting nearly 500 participants from 18 countries. The event included six IT challenges and aimed to help young people with disabilities become proficient in ICT. Muhammad Naazir Danesh from Malaysia was named the overall winner.

LG Electronics Inc. announced Q3 2023 revenue of KRW 20.7 trillion and operating profit of KRW 996.7 billion, driven by home appliances and vehicle solutions. B2B revenue grew significantly, accounting for 35% of overall revenue. Q3 operating profit increased by over 30%. LG plans to focus on B2B expansion and non-hardware business model innovation. They aim to boost B2B revenue to over KRW 40 trillion by 2030. LG also plans to invest in promising businesses and expand globally in electric vehicle charging. The company's 2030 vision is progressing well, with a focus on growth, profit, and enterprise value. LG will continue to transform its business portfolio in Q4 and optimize efficiencies.