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From Seoul to international success: LG

From Seoul to international success: LG

Launched in Seoul, South Korea, under the name Gold Star, the company now known as LG brought the first mass-produced radio, refrigerator and TV to the domestic market in the aftermath of the Korean War.

In the more than seven decades since, LG has expanded its portfolio to include hundreds of products across four core business divisions: home entertainment, mobile communications, home appliances and vehicle components.

Today, the company employs over 80,000 people across 128 global locations. As well as a commitment to creating high-quality, innovative electronics, LG has always been driven by a desire to create a happier, better life for its staff, customers and communities.

The tech giant has held a strong presence in the UAE for more than two decades, gaining a reputation among the nation’s savvy consumers for cutting-edge yet affordable technology with a commitment to customer satisfaction. LG is also a pioneer in the UAE’s air conditioning industry, bringing smart, powerful and energy-efficient units to the mass market.

As a result of its incredible work around the world, LG has received numerous awards, including the prestigious ENERGY STAR® Partner of the Year Award on multiple occasions. Others include the Red Dot Design Award, iF Design Award, and IDEA Design Award.

In recognition of its responsibility as a major global manufacturer, LG is fiercely committed to sustainability. It uses eco-friendly materials to make products and packaging, and recycles reusable parts of old appliances. The company is over 40% of the way towards its target of carbon neutrality by 2030 and is also aiming to use 100% renewable energy by 2050.

All the while, LG’s commercial success continues unabated. The company generated revenues of over USD 63bn in 2022 and saw the highest earning quarter in its history in Q4, bringing in USD 17.6bn.

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