LG Electronics Revenue, Net Worth, Marketcap, Competitors 2025

Darius

13 years ago

Key Stats

Market capitalization stands at approximately 10.42 billion USD as of October 2025

Annual revenue reached 63.76 billion USD in 2024, showing consistent growth trajectory

Company employs approximately 75,000 people across 118 subsidiaries worldwide

Total assets valued at 46.24 billion USD according to latest financial reports

Home Appliances and Air Solutions segment generates highest revenue at 23 billion USD annually

LG Electronics stands as a South Korean multinational giant headquartered in Seoul, manufacturing consumer electronics, home appliances, and vehicle components since 1958. Originally founded as GoldStar by entrepreneur Koo In-Hwoi, the company emerged during post-Korean War reconstruction to provide domestically produced electronics.

The corporation operates through four primary business segments including Home Entertainment, Home Appliances and Air Solutions, Vehicle Component Solutions, and Business Solutions. Part of the larger LG Corporation conglomerate, the company ranks as the fourth-largest chaebol in South Korea.

LG Electronics maintains operations across more than 100 countries with manufacturing facilities producing televisions, refrigerators, washing machines, air conditioners, and automotive components. The company holds over 17 percent of the global television market share and produces nearly 14 million washing machines annually.

LG Electronics History

1958

Koo In-Hwoi established GoldStar as an electronics division of Lak-Hui Chemical Industrial Corporation. The company began producing South Korea’s first domestically manufactured radios, marking the beginning of the nation’s electronics industry during post-war reconstruction efforts.

1965-1976

GoldStar manufactured South Korea’s first refrigerator in 1965, followed by the first color television in 1977. By 1976, the company achieved a milestone of producing one million televisions annually, establishing itself as a major electronics manufacturer.

1982

The company expanded internationally by opening its first overseas factory in Huntsville, Alabama, marking GoldStar’s entry into the American market and beginning its global expansion strategy.

1995

GoldStar officially changed its corporate name to LG Electronics after merging with Lucky Chemical. The company acquired American television manufacturer Zenith, gaining access to crucial HDTV technology and the US market.

1997-1998

LG produced the world’s first CDMA digital mobile handsets, supplying to major US carriers Ameritech and GTE. In 1998, the company developed the world’s first 60-inch plasma television, revolutionizing home entertainment.

1999

The company established LG Philips LCD joint venture with Philips, later renamed LG Display. This partnership positioned LG as a leader in display panel manufacturing technology.

2005-2009

LG achieved Top 100 global brand status in 2005. By 2009, LG Display became the world’s largest LCD panel manufacturer, solidifying the company’s position in display technology.

2018

LG completed its largest acquisition, purchasing ZKW Group for 1.1 billion euros, expanding automotive lighting capabilities. The company appointed Koo Kwang-mo as CEO, continuing family leadership tradition.

2021

LG announced withdrawal from smartphone manufacturing after continuous losses, redirecting focus toward home appliances, televisions, and automotive components. This strategic shift allowed concentration on profitable business segments.

LG Electronics Co-founders

Koo In-Hwoi

Founded LG Group in 1947 and established GoldStar in 1958, becoming known as the Father of Korea’s electronics industry. He pioneered domestic production of consumer electronics during Korea’s industrialization, creating products from radios to refrigerators that transformed Korean lifestyles.

LG Electronics Revenue

LG Electronics maintains consistent revenue generation across business segments, with total annual revenue reaching 63.76 billion USD in 2024. The company shows steady performance across global markets.

LG Electronics Market Cap

The company’s market capitalization reflects its position as a major global electronics manufacturer. As of October 2025, LG Electronics holds a valuation of approximately 10.42 billion USD.

LG Electronics Acquisitions

LG Electronics pursued strategic acquisitions to expand technological capabilities and market presence. The most significant acquisition occurred in 1995 when LG purchased American television manufacturer Zenith, providing access to HDTV technology and establishing a foothold in the United States market. Zenith became a wholly-owned subsidiary by 1999, contributing to LG’s television manufacturing expertise.

In 2018, LG completed its largest acquisition to date by purchasing ZKW Group, an Austrian automotive lighting company, for over 1.1 billion euros. This acquisition represented a strategic move into vehicle components, with LG acquiring 70 percent stake while parent company LG Corp purchased the remaining 30 percent. ZKW specializes in premium automotive lighting and headlight systems, supplying major automotive manufacturers globally.

Beyond major acquisitions, LG established joint ventures including LG Philips LCD with Philips in 1999, which later became LG Display. The company also formed partnerships in solar energy through LG Solar Energy in 2007 and entered automotive battery production through joint ventures with automotive manufacturers. Recent acquisitions include smart home technology companies and IoT platform providers, demonstrating LG’s commitment to connected home solutions and automotive innovation.

LG Electronics Competitors

LG Electronics faces intense competition in consumer electronics and home appliances from established global manufacturers. Primary competitors include Samsung Electronics, which dominates similar product categories including televisions, smartphones, and home appliances across global markets.

Competitor	Headquarters	Primary Products
Samsung Electronics	South Korea	Consumer electronics, home appliances, displays
Sony Corporation	Japan	Consumer electronics, gaming, entertainment
Panasonic	Japan	Electronics, home appliances, industrial solutions
Whirlpool	United States	Home appliances, laundry equipment
Haier Group	China	Home appliances, consumer electronics
Electrolux	Sweden	Home appliances, professional equipment
Philips	Netherlands	Consumer electronics, healthcare technology
Toshiba	Japan	Electronics, infrastructure systems
Midea Group	China	Home appliances, HVAC systems
Bosch	Germany	Home appliances, power tools, automotive

FAQs

What does LG Electronics manufacture?

LG Electronics manufactures consumer electronics including televisions, home appliances such as refrigerators and washing machines, air conditioning systems, vehicle components, and display panels. The company operates through business segments covering home entertainment, appliances, and automotive solutions.

When was LG Electronics founded?

LG Electronics was founded in 1958 as GoldStar by entrepreneur Koo In-Hwoi in Seoul, South Korea. The company changed its name to LG Electronics in 1995 after merging with Lucky Chemical Industrial Corporation.

Who owns LG Electronics?

LG Electronics is a publicly traded company with LG Corporation holding 35.1 percent of total shares. The remaining shares are owned by financial institutions, foreign investors, and public shareholders through stock exchanges in South Korea and London.

What is LG Electronics revenue?

LG Electronics generated 63.76 billion USD in revenue during 2024. The Home Appliances and Air Solutions segment contributes the largest revenue share at approximately 23 billion USD annually, followed by Home Entertainment segment.

Where is LG Electronics headquarters located?

LG Electronics maintains its global headquarters in Yeouido-dong, Seoul, South Korea. The company operates 118 subsidiaries worldwide with manufacturing facilities and research centers across North America, Europe, Asia-Pacific, Middle East, and Latin America.