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Corporation
ELECTRONICS | Electrical Products
lg.com

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Investments

26

Portfolio Exits

4

Partners & Customers

10

About LG Electronics

LG Electronics (KRX: 066570) (LSE: LGLD), a subsidiary of LG Corporation, is a developer of electronics, information, and communications products. LG Electronics is comprised of five companies: Home Appliance & Air Solutions, Home Entertainment, Mobile Communications, Vehicle Components and Business-to-Business ― and is a producer of TVs, refrigerators, air conditioners, washing machines and mobile devices in addition to premium LG SIGNATURE products and ThinQ featuring artificial intelligence.

LG Electronics Headquarter Location

LG Twin Towers 128 Yeoui-daero, Yeongdeungpo-gu

Seoul,

South Korea

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Expert Collections containing LG Electronics

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find LG Electronics in 2 Expert Collections, including Conference Exhibitors.

C

Conference Exhibitors

5,302 items

M

Medical Devices

3,088 items

Companies that have been granted at least 1 510(k) by the FDA since 2014. Companies tagged as #FDA510(K)

LG Electronics Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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LG Electronics Rank

Research containing LG Electronics

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CB Insights Intelligence Analysts have mentioned LG Electronics in 1 CB Insights research brief, most recently on Sep 28, 2021.

Latest LG Electronics News

LG to strengthen market share in washing machine segment

Dec 5, 2021

LG has a 36.8 per cent market share in the category The top load is around 35 per cent and the semi-automatic washing machine is 30-35 per cent Listen to this article Home appliances and consumer electronic maker LG is strengthening its lead in the washing machine segment as the new players enter the market, and the category witnesses a shift towards premium and bigger capacity models, said a company official. In the coming years, LG Electronics India will focus on a new range of bigger capacity machines, said its Product Group Head (Washing Machines) Ashok Masnam. The washing machine market in India is at around ₹15,000-16,000 crore and LG is a market leader in the category with a 36.8 per cent market share, he added. In the appliances category, washing machines will be a high-growth category, he added. "Washing machine will lead the segment for 2-3 years. The penetration levels are low and there has been an increase in the market like India. People are opting for fully automatic machines," Masnam said. Currently, front load washing machines are contributing 30 per cent to the business. The top load is around 35 per cent and the semi-automatic washing machine is 30-35 per cent. "On a quarter-on-quarter basis, we are seeing that front load is taking a lead, followed by top load and semi-automatic. The major shift of the business has been to fully automatic," he said. Earlier, washing machines used to play as an urban product but now, even in smaller towns, people are adopting it. Moreover, with the entrants of new players into the segment, it has become competitive. "We have seen new entrants coming up. India is also a fragmented market and different income-level groups are there, thus we need more product depth. "Thus, there are different products for different customers. There are new trends coming up with different competitors," he said. Besides residential, LG has also expanded its washing machine range to the dryer, as a commercial laundromat brand. LG manufactures around 95 per cent of washing machines in India at its two facilities. At Pune, it manufactures the front loading washing machine and top load and semi-load at the Noida facility. This story has been published from a wire agency feed without modifications to the text. Subscribe to Mint Newsletters

LG Electronics Investments

26 Investments

LG Electronics has made 26 investments. Their latest investment was in Cybellum as part of their Convertible Note on September 9, 2021.

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LG Electronics Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/22/2021

Convertible Note

Cybellum

$20M

Yes

1

9/17/2021

Series B - II

Greatpower

$29.69M

Yes

2

8/9/2021

Seed

VA Corporation

Yes

1

7/21/2021

Series A

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$99M

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10

7/31/2020

Series B

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$99M

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10

Date

9/22/2021

9/17/2021

8/9/2021

7/21/2021

7/31/2020

Round

Convertible Note

Series B - II

Seed

Series A

Series B

Company

Cybellum

Greatpower

VA Corporation

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Amount

$20M

$29.69M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

1

10

10

LG Electronics Portfolio Exits

4 Portfolio Exits

LG Electronics has 4 portfolio exits. Their latest portfolio exit was Nanjing LG Panda Electrical Appliances on October 25, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/25/2021

Corporate Majority

$991

1

00/00/0000

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$991

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10

00/00/0000

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10

00/00/0000

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10

Date

10/25/2021

00/00/0000

00/00/0000

00/00/0000

Exit

Corporate Majority

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Companies

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Valuation

$991

$991

Acquirer

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Sources

1

10

10

10

LG Electronics Acquisitions

6 Acquisitions

LG Electronics acquired 6 companies. Their latest acquisition was Cybellum on September 23, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/23/2021

Convertible Note

$991

$34.5M

Corporate Majority

5

7/2/2021

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$99M

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10

1/6/2021

Unattributed

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$99M

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10

4/26/2018

Acquired

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$991

$99M

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10

3/19/2018

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$99M

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10

Date

9/23/2021

7/2/2021

1/6/2021

4/26/2018

3/19/2018

Investment Stage

Convertible Note

Unattributed

Acquired

Companies

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Valuation

$991

$991

Total Funding

$34.5M

$99M

$99M

$99M

$99M

Note

Corporate Majority

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Sources

5

10

10

10

10

LG Electronics Partners & Customers

10 Partners and customers

LG Electronics has 10 strategic partners and customers. LG Electronics recently partnered with General Motors on October 10, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

10/12/2021

Vendor

General Motors

United States

GM and LG decide who’s on the hook for Bolt EV recall costs

Now , GM has announced that it has reached an agreement with LG Electronics in regards to covering the cost of these recalls , and it looks like LG Electronics is going to be on the hook for much of it .

3

10/7/2021

Partner

Mercedes-Benz

Germany

LG ADAS Camera Module Boosts Driver and Passenger Safety in New Mercedes-Benz C-Class

`` LG Electronics has been collaborating with Mercedes-Benz for nearly a decade in preparation of the future of mobility and autonomous vehicles , '' said Kim Jin-yong , president of LG Electronics .

1

9/30/2021

Partner

Dubai Cares

United Arab Emirates

Dubai Cares and LG Electronics sign partnership to offer an immersive pavilion experience for Expo 2020 Dubai visitors

Dubai , United Arab Emirates , : Dubai Cares , part of Mohammed Bin Rashid Al Maktoum Global Initiatives , has signed a partnership with LG Electronics , to ensure that visitors to its dedicated pavilion at Expo 2020 Dubai enjoy a highly immersive journey that invites them to become part of a new chapter in the history of education .

1

8/20/2021

Partner

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10

6/17/2021

Supplier

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10

Date

10/12/2021

10/7/2021

9/30/2021

8/20/2021

6/17/2021

Type

Vendor

Partner

Partner

Partner

Supplier

Business Partner

General Motors

Mercedes-Benz

Dubai Cares

Country

United States

Germany

United Arab Emirates

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News Snippet

GM and LG decide who’s on the hook for Bolt EV recall costs

Now , GM has announced that it has reached an agreement with LG Electronics in regards to covering the cost of these recalls , and it looks like LG Electronics is going to be on the hook for much of it .

LG ADAS Camera Module Boosts Driver and Passenger Safety in New Mercedes-Benz C-Class

`` LG Electronics has been collaborating with Mercedes-Benz for nearly a decade in preparation of the future of mobility and autonomous vehicles , '' said Kim Jin-yong , president of LG Electronics .

Dubai Cares and LG Electronics sign partnership to offer an immersive pavilion experience for Expo 2020 Dubai visitors

Dubai , United Arab Emirates , : Dubai Cares , part of Mohammed Bin Rashid Al Maktoum Global Initiatives , has signed a partnership with LG Electronics , to ensure that visitors to its dedicated pavilion at Expo 2020 Dubai enjoy a highly immersive journey that invites them to become part of a new chapter in the history of education .

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Sources

3

1

1

10

10

LG Electronics Team

19 Team Members

LG Electronics has 19 team members, including current Chief Executive Officer, Nam Yong.

Name

Work History

Title

Status

Nam Yong

Chief Executive Officer

Current

Jong Eun Kim

President

Current

Gwon Ahn Seung

President

Current

Yik Kang Sin

President

Current

David Jung

Chief Financial Officer

Current

Name

Nam Yong

Jong Eun Kim

Gwon Ahn Seung

Yik Kang Sin

David Jung

Work History

Title

Chief Executive Officer

President

President

President

Chief Financial Officer

Status

Current

Current

Current

Current

Current

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