FX.co ★ LG Electronics Posts Highest Annual Revenue In History

LG Electronics Inc., referred to as LG, announced its 2023 consolidated revenue of 84.2 trillion Korean won and an operating profit of 3.55 trillion Korean won. The primary revenue was driven by LG's predominant business sectors of home appliances and vehicle components, garnering a combined income that exceeded 40 trillion won. The LG Home Appliance and Air Solution Company specifically contributed 30.14 trillion won to this revenue.

Looking ahead, LG Electronics aims to quicken its business model transformation for future adaptability, with a special emphasis on Direct-to-Consumer initiatives. It intends to broaden the implementation of operating systems for its home appliances. Additionally, it plans to introduce its subscription services to global markets.