While LG Electronics posted record annual revenue last year, its operating profit fell 27.5 percent from a year earlier to $1.71 billion, weighed down by weak television sales and one-off costs tied to a large-scale voluntary retirement program.
LG Electronics logged 109.4 billion won ($75,200) in operating loss for the fourth quarter of 2025 in a preliminary report on Friday.
LG Electronics CEO Lyu Jae-cheol unveiled his first major business strategy since taking office, pledging to expand the company’s robotics business in earnest.
LG Electronics unveiled the live demonstration of its home robot, LG CLOiD, for the first time on Monday, the day before the official opening of CES 2026 in Las Vegas.
Korean tech giants Samsung Electronics and LG Electronics are going all in at CES 2026 to show how they aim to infuse AI across all product lines, signaling a race to redefine how consumers interact with technology at home.
LG Electronics said Thursday it will unveil new LG Gram laptops featuring its generative AI model, Exaone, at CES next week.
LG Electronics received the best TV brand award at the Euroconsumer Awards 2025, an annual program that evaluates major home appliance brands in Europe, the company said on Monday.
LG Electronics on Friday unveiled a new 200 billion-won ($136.5 million) shareholder return program for the next two years, with detailed plans to be announced in the near future.
LG Electronics will receive Wi-Fi patent royalties from Amazon in the United States, expanding its intellectual property business despite having exited the smartphone market in 2021.
As competition intensifies in the home appliance market with brands racing to introduce cutting-edge features, consumers are increasingly gravitating toward practicality and simplicity. Products with only essential functions are making a comeback.
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