The Information Technology 100
After playing second fiddle to its crosstown rival Samsung Electronics, this Korean company is aiming to be one of the world's top three home-electronics players by 2010. Already the company is the largest maker of household air conditioners in the globe and the No.3 plasma-TV maker, while its joint venture, LG. Philips LCD, is the world's top maker of liquid-crystal displays for TVs. Late to the cell-phone party, LG increased its handset sales to 44 million last year, from 6.9 million in 2000, and became the top supplier to U.S. carrier Verizon Wireless. In the first quarter of this year, LG overtook Siemens in handsets to grab the No. 4 spot, after Nokia, Motorola, and Samsung. Its goal is to be among the top three in two years. By 2010, it wants half of its sales to come from handsets, up from 28% in 2004.
|Return on Equity||31.9%|
|Industry||COMPUTERS AND PERIPHERALS|
|CORPORATE WEB SITE|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
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LG Electronics, Inc. provides electronics, and information and communications products worldwide. The company comprises three main divisions: Digital Display and Media, Digital Appliance, and Telecommunication Equipment and Handset. The Digital Display and Media division offers digital TVs, plasma display panels, monitors, CD-ROM drives, DVD-ROM drives, CD rewritable recorders, VCRs, DVD players, audio systems, security systems, recording media, video phones, PC cameras, banking automatic systems, and printed circuit boards. The Digital Appliance division includes air conditioners, refrigerators, microwave ovens, washing machines, vacuum cleaners, and compressors for air conditioners and refrigerators. The Telecommunication Equipment and Handset division provides switchboards, optical switching systems, implementation of advanced information building systems, system integration services, handsets for satellites, and mobile multimedia. LG Electronics was established in 1958 and is based in Seoul, South Korea.
No. of Employees
Ssang Soo Kim
Ssang Soo Kim serves as the Chief Executive Officer and a Director of LG Electronics.