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CONTENTS

Introduction of LG

Profile or History

Vision and Good

Types of LG products

Public Relation

a. Advertising
b. Promotion

Management – Quality of staff

Conclusion
Introduction

Summary
Datamonitor's LG Electronics - SWOT Analysis company profile is the essential source for top-
level company data and information. LG Electronics - SWOT Analysis examines the company's
key business structure and operations, history and products, and provides summary analysis of its
key revenue lines and strategy.

LG Electronics (LGE) is a South Korean manufacturer of electronic appliances and devices. Its
product range includes kitchen appliances, home entertainment products, communication devices
and electronic components. The company operates through 114 local subsidiaries in Europe,
Asia, North America, Central America and South America. It is headquartered in Seoul, South
Korea and employs 80,283 people as of financial year (FY) 2007. The company recorded
revenues of KRW53,426.7 billion (approximately $57.7 billion) during the FY2007, an increase
of 15.3% over FY2006. The operating profit of the company was KRW2,821.4 billion
(approximately $3 billion) during FY2007, compared with an operating profit of KRW5.1 billion
(approximately $0.01 billion) in FY2006. The net profit was KRW2,068.7 billion (approximately
$2.2 billion) in FY2007, compared with a net loss of KRW208.5 billion (approximately $0.2
billion) in FY2006.

Scope of the Report


Provides all the crucial information on LG Electronics required for business and competitor
intelligence needs

Contains a study of the major internal and external factors affecting LG Electronics in the form
of a SWOT analysis as well as a breakdown and examination of leading product revenue streams
of LG Electronics

Data is supplemented with details on LG Electronics history, key executives, business


description, locations and subsidiaries as well as a list of products and services and the latest
available statement from LG Electronics

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This product typically includes the following sections:

SWOT COMPANY PROFILE: LG ELECTRONICS

Key Facts: LG Electronics

Company Overview: LG Electronics

Business Description: LG Electronics

Company History: LG Electronics

Key Employees: LG Electronics

Key Employee Biographies: LG Electronics


Products & Services Listing: LG Electronics

Products & Services Analysis: LG Electronics

SWOT analysis: LG Electronics

Strengths: LG Electronics

Weaknesses: LG Electronics

Opportunities: LG Electronics

Threats: LG Electronics

Company View: LG Electronics

Top Competitors: LG Electronics

Location and Subsidiary: LG Electronics

Head Office: LG Electronics

Other Locations and Subsidiaries: LG Electronics

History of LG company

About LG Group

The LG Group is South Korea's third largest conglomerate]] that


produces electronics, mobile phones, and petrochemical products
and operates subsidiaries like LG Electronics, LG Telecom, Zenith
Electronics and LG Chem in over 80 countries. LG Group sponsors
the LG Cup Go Tournament.

LG Group founder Koo In Hwoi established Lak Hui Chemical


Industrial Corp. in 1947.[3] In 1952, Lak Hui (currently LG Chem)
became the first Korean company to enter the plastics industry. As
the company expanded its plastics business, it established GoldStar
Co., Ltd., (currently LG Electronics Inc.) in 1958.

In 1959, Goldstar produced Korea's first radio. Many consumer


electronics were sold under the brand name GoldStar, while some
other household products (not available outside South Korea) were
sold under the brand name of Lucky. The Lucky brand was famous
for its hygiene products line such as soaps and Hi-Ti laundry detergents, but most associated with its
Lucky and Perioe toothpaste.
In 1995, it was renamed "LG", the abbreviation of "Lucky
GoldStar". More recently, the company associates its tagline "Life's
Good", with the letters LG.

About LG Company

Established in 1958, LG Electronics, Inc. (LG) is a global leader


and technology innovator in consumer electronics, home
appliances and mobile communications, employing more than
82,000 people working in over 110 operations including 81
subsidiaries around the world. With 2007 global sales of USD 44
billion*, LG is comprised of four business units - Mobile
Communications, Digital Appliance, Digital Display and Digital
Media. LG is the world’s leading producer of CDMA/GSM
handsets, air conditioners, front-loading washing machines,
optical storage products, DVD players, flat panel TVs and home
Theater systems.

4. Vision

LG Electronics continues to pursue its 21st century vision of


becoming a worldwide leader in digital—ensuring customer
satisfaction through innovative products and superior
service while aiming to rank among the world’s top three
electronics, information, and telecommunications firms by
2010.

On our way, we hold tight to a philosophy of “Great


Company, Great People,” underscoring our belief that only
great people can create a great company.

LG strives for greatness in what we’ve identified as our


three core capabilities: Product Leadership, Market
Leadership, and People Leadership—each strength a key
part of realizing our growth strategies for “fast innovation”
and “fast growth”.

Type of LG products

Mobile communications
(a) CDMA Handsets,(b) GSM Handsets, (c) 3G Handsets, (d) Cellular Phones Digital appliance
a)AirConditioners,
b)Refrigerators ,
c)Microwave Ovens ,
d)Washing Machines ,
e)Vacuum Cleaners ,
f)Home Net ,
g)Compressors for Air Conditioners and Refrigerators

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