Business Description

LG Corporation is a holding firm that manages subsidiary companies. The company was established in Seoul, South Korea on January 5, 1947. It operates through its subsidiaries, which include LG Uplus, LG CNS, LG Electronics, and LG Chem.

Key Financials

Revenue (US$ Mn):

• US$ 13,171 Mn was the annual revenue generated by LG Corporation in 2021
• LG Corporation’s annual revenue for 2020 was US$ 6,007 Mn, an 8.46% increase from 2019
• From 2018’s annual revenues, LG Corporation registered a -48.1% decrease in 2019, amounting to US$ 5,538 Mn
• Total revenue of US$ 10,672 Mn was generated in 2018 by LG Corporation

Operating Income (US$ Mn):

• LG Corporation’s operating income for 2021 was US$ 416 Mn, a -73.05% decrease from 2020
• The operating income generated by LG Corporation in 2020 was US$ 1,542 Mn
• At a -60.48% decrease from, LG Corporation’s operating income of US$ 843 Mn was indexed in 2019
• LG Corporation generated an operating income of US$ 2,133 Mn in 2018

Net Income (US$ Mn):

• US$ 398 Mn was the net income generated by LG Corporation in 2021
• LG Corporation’s net income for 2020 was US$ 1,396 Mn, a 48.76% increase from 2019
• From 2018’s net incomes, LG Corporation registered a -44.23% decrease in 2019, amounting to US$ 938 Mn
• A net income of US$ 1,682 Mn was generated in 2018 by LG Corporation

Operating Margin %:

• LG Corporation’s operating margin for 2021 was 3%, a -87.94% decrease from 2020
• The operating margin generated by LG Corporation in 2020 was 26%
• At a -24% decrease from , LG Corporation’s operating margin of 15% was indexed in 2019
• LG Corporation generated an operating margin of 20% in 2018

Gross Margin %:

• 3% was the gross margin generated by LG Corporation in 2021
• LG Corporation’s gross margin for 2020 was 31%, a 53.69% increase from 2019
• From 2018’s gross margins, LG Corporation registered a 23.78% increase in 2019, amounting to 20%
• A gross margin of 16% was generated in 2018 by LG Corporation

SWOT Analysis

Strengths

Corporate Social Responsibility (CSR)

LG is a dynamic company in terms of its social roles. The company believes in equal income distribution. The company employs 83000 people to manage its various activities all over the globe. This is how the company contributes to the creation and management of jobs, as well as other social activities.

Progressed Distribution Network

LG uses the pull method in order to attract interest in its products. The brand also uses the force method to establish relationships with local and provincial merchants. They make the merchandise accessible to customers around the globe. In any case, businesses must keep more inventory in order to meet rising demand.

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