LG Electronics – Company Overview

LG Electronics is a multinational electronics company, which is based in South Korea. The headquarters of LG Electronics is located in Seoul, which is also the capital city of the country. It is possible to discover a large number of multinational companies that are based in South Korea. Out of them, LG Electronics holds the fourth position in terms of sales. 

When you deep dive and take a look at the business model of LG Electronics, you will notice that it is made out of four major components. These four major components include vehicle components, home appliances and air conditioner solutions, mobile communications and home entertainment. Among the best selling products that come to the market under the LG brand, televisions and washing machines are extremely popular. LG Electronics is also the second largest LCD screen manufacturer that you can find out there in the world as well. As of now, LG Electronics is a company that has offices in all parts of the world. More than 83,000 individuals are working from those offices as well.

History of LG Electronics

LG Electronics was founded in the year 1958. It was Goldstar, which laid the foundation stone for LG Electronics. This company was established in the middle of Korean War. During this time period, there was a significant demand for consumer electronics. Moreover, there was a need for a local supplier to offer them to the market as well. That’s where LG Electronics took the initiative to capture the market.

LG Electronics was the very first company in South Korea to manufacture washing machines, refrigerators, televisions, radios and air conditioners. Along with time, LG Electronics was expanding its product lineup. This introduced innovation to the company as well. In fact, LG Electronics was the first company to come up with many other products to the South Korean market. Plasma TV is a perfect example to prove the above-mentioned fact. 

In the year 2002, LG Electronics went through some significant transformations. In fact, the company was split into two sections. A new offspring company named LG Electronics started its operations in an independent manner, whereas the other company was renamed to LG EI. 

You can now find how LG Electronics is playing a massive role behind the supply of consumer electronic devices. It is among the top television, washing machine and refrigerator manufacturers out there in the world. Throughout history, LG Electronics came up with numerous impressive and innovative products. It was the company that released the very first 84-inch ultra HD television to the market as well.

Products offered under LG Electronics

You can find numerous products, which are being released to the market under the LG Electronics brand. Out of them, smartphones, smart appliances, solar modules, wearable devices, computer monitors, washing machines, refrigerators, home theatre systems and televisions are the most prominent. Lets’ deep dive and take a look at some of the most prominent products that LG Electronics is releasing to the market as of now.

  • Televisions 

LG Electronics is among the leading television manufacturers in the market. You will note that LG Electronics is the very first company to introduce a borderless television to the market. On the other hand, the company played a major role behind the development of OLED televisions as well. 

Smart televisions are extremely popular among people who live out there in the world. LG Electronics contributed a lot towards the smart TV market as well. This is with the assistance of innovative LG Web OS. It was able to deliver a convenient interface for the people to interact with their televisions and get work done as well.

  • Mobile devices 

The mobile device business of LG Electronics is going strong. LG Electronics is manufacturing both tablet devices and smartphones to the market as of now. Apart from the LG G series, you will note how the company has launched innovative mobile devices, which are in a position to grab the attention of consumers, while delivering the best possible experiences to them at all times.

  • Tablet computers

Tablet computers offered under LG Electronics are not the most popular. However, you can still find a decent collection of products being sold to the market as of now. For example, you will be able to notice how the G series tablets offered to the market under LG Electronics are having Knock Code feature. You can go through a series of taps and then unlock the device with ease.

  • Smartwatches 

LG Electronics is offering numerous smartwatches to the market as well. In order to manufacture smartwatches, LG got into a partnership along with Android. In here, LG Electronics is offering Android wear smartwatches. The LG G Watch series is the most innovative. LG Electronics was the very first company to manufacture a smartwatch, which had Wi-Fi technology. In addition to that, the operating system of LG Electronics smartwatches were able to help the users to send out emojis to their friends as well.

  • Rolly keyboard

In the year 2015, LG Electronics officially announced that it is going to launch a Bluetooth keyboard to the market. This keyboard is known as Rolly keyboard. There is a possibility for the people who use this keyboard to fold along the four rows. It enhances the overall portability and user experience delivered by the keyboard. On the other hand, it is also possible to find two different plastic arms, which are folding out from the end of the keyboard. You can use this to pair the keyboard along with your smartphone or tablet.

  • Home appliances

LG Electronics is manufacturing a variety of home appliances. They include air conditioners, vacuum cleaners, tumble dryers, washing machines, refrigerators and many more. In the recent past, LG Electronics has started manufacturing smart home appliances. These smart home appliances are in a position to make the life easy for people.