MIRA
INFORM REPORT
|
Report Date : |
15.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
LG ELECTRONICS INC |
|
|
|
|
Registered Office : |
20, Yeouido-dong, Yeongdeungpo-gu, Seoul, 26th Fl., LG Twin Tower West
Annex |
|
|
|
|
Country : |
Korea (South) |
|
|
|
|
Financials (as on) : |
01.01.2007 |
|
|
|
|
Date of Incorporation : |
04.01.2002 |
|
|
|
|
Com. Reg. No.: |
107 – 86 – 14075 |
|
|
|
|
Line of Business : |
Manufacture of Television and Radio Receivers, Sound or Video Recording
or Reproducing Apparatuses, and Related Goods |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Basic Information
Basic
|
Company
Name |
LG ELECTRONICS INC. |
|
Registered Address |
20, Yeouido-dong, Yeongdeungpo-gu, Seoul,
Korea |
|
Building |
26th Fl., LG Twin Tower West Annex |
|
Zip Code |
150-721 |
|
Tel |
+82-2-3777-1114 |
|
Fax |
+82-2-3777-5338 |
|
E-mail |
webmaster_e@lge.co.kr |
|
Website |
www.lge.co.kr |
|
Trading Address |
26th Fl., LG Twin Tower West Annex, 20,
Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea |
|
Tel |
+82-2-3777-1114 |
|
Fax |
+82-2-3777-5338 |
|
Pyeongtaek Factory |
19-1, Cheongho-ri, Jinwi-myeon, Pyeongtaek-si,
Gyeonggi-Do, Korea |
|
Tel |
+82-31-610-5114 |
|
Fax |
+82-31-668-5134 |
|
Seoul Office |
679, Yeoksam 1-dong, Gangnam-gu, Seoul, Korea |
|
Tel |
+82-2-2005-2496 |
|
Fax |
+82-2-2005-2766 |
|
Changwon 1-Factory |
391-2, Gaeumjeong-Dong, Changwon-Si,
Kyungsangnam-Do 641-110 Korea |
|
Tel |
+82-55-260-3112 |
|
Fax |
|
|
Changwon 2nd. Factory |
LG Electronics Changwon 2nd. Factory, 76, Seongsan-dong, Changwon-si,
GYEONGSANGNAM-DO |
|
Tel |
+82-55-269-3114 |
|
Fax |
+82-55-287-3921 |
|
Osan Factory |
379,
Gasu-Dong, Osan-Si, Gyeonggi-Do 447-150 Korea |
|
Tel |
+82-31-370-1224 |
|
Fax |
|
|
Kimhae Factory |
259-1, An-Dong, Kimhae-Si, Kyungsangnam-Do
621-200 Korea |
|
Tel |
+82-55-330-5700 |
|
Fax |
|
|
Cheongju Factory |
50, Hyangjeong-Dong, Heungdeok-Gu,
Cheongju-Si, Chungbuk-Do 361-480 Korea |
|
Tel |
+82-43-279-1189 |
|
Fax |
|
|
Anyang R&D Center |
533, Hogye-dong, Dongan-gu, Anyang-si,
Gyeonggi-do 431-080 Korea |
|
Tel |
+82-31-450-7020 |
|
Fax |
|
|
Technology Institute |
16, Wumyeon-dong, Seocho-dong, Seocho-gu,
Seoul 137-140 Korea |
|
Tel |
+82-2-526-4114 |
|
Fax |
|
|
IT Gangnam Tower |
LG Gangnam Tower 679, Yeoksam 1-dong,
Gangnam-gu, Seoul 135-916 Korea |
|
Tel |
+82-2-2005-2496 |
|
Fax |
+82-2-2005-2766 |
|
Yangjae Office |
221, Yangjae-dong, Seocho-gu, Seoul
137-130 Korea |
|
Tel |
+82-2-571-5613 |
|
Fax |
|
|
Honam Center |
5Fl. 101-3, Yu-dong, Buk-gu, Gwangju
500-020 Korea |
|
Tel |
+82-62-510-6100 |
|
Gyeongbuk Center |
261-4, Seongdang-dong, Dalseo-gu, Daegu 704-080
Korea |
|
Tel |
+82-53-624-9976 |
|
Busan Office |
266-2, Bujeon-dong, Busanjin-gu, busan
614-030 Korea |
|
Tel |
+82-51-801-6202 |
|
Gyeongnam Center |
582-6, Yeonsan-dong, Yeonje-gu, Busan
611-080 Korea |
|
Tel |
+82-51-811-7900 |
|
Jungbu Center |
5F Hyorim B/D 793, Gwonseon-dong,
Gwonseon-gu, Suwon-si, Gyeonggi-do 441-390 Korea |
|
Tel |
+82-31-238-1905 |
|
Gangseo Center |
36, Mullaedong 6-ga, Yongdungpo-gu, Seoul
150-096 Korea |
|
Tel |
+82-2-2630-3016 |
|
Fax |
|
|
Incheon Office |
225-1, Gojan-dong, Namdong-gu, Incheon
405-310 Korea |
|
Tel |
+82-32-446-7770 |
|
Type |
Export |
|
Industry |
Manufacture of Television and Radio Receivers, Sound or Video
Recording or Reproducing Apparatuses, and Related Goods |
|
Main Business |
Household Electric Appliances |
|
Established (mm/dd/yyyy) |
04/01/2002 |
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Network switches(43222612) |
|
Sell |
Personal communication devices(43191500) |
|
Sell |
Blank video tapes(45131604) |
|
Sell |
Domestic ranges(52141504) |
|
Sell |
Liquid crystal display LCD panels or monitors(43211902) |
|
Sell |
Digital video disk players or recorders(52161516) |
|
Sell |
Compact disk players or recorders(52161515) |
|
Sell |
Cathode ray tubes(32141001) |
|
Sell |
Televisions(52161505) |
|
Sell |
Audio and visual equipment(52161500) |
|
Sell |
Video cassette players or recorders(52161529) |
|
Sell |
MP3 Players or Recorders(52161543) |
|
Sell |
Home stereo systems(52161510) |
|
Sell |
Read only compact disc CD(43201808) |
|
Sell |
Media storage devices(43201800) |
|
Sell |
Read write digital versatile disc DVD(43201811) |
|
Sell |
Cathode ray tubes(32141001) |
|
Sell |
Vacuum cleaners(47121602) |
|
Sell |
Network service equipment(43222600) |
|
Sell |
Interior lighting and fixtures(39111500) |
|
Sell |
Consumer electronics(52160000) |
|
Sell |
Modems(43222628) |
|
Sell |
Domestic toaster ovens(52141521) |
|
Sell |
Domestic kitchen appliances(52141500) |
|
Sell |
Humidifiers(40101903) |
|
Sell |
Air conditioners(40101701) |
|
Sell |
Domestic refrigerators(52141501) |
|
Sell |
Mobile phones(43191501) |
|
Sell |
Broadband or narrowband digital cross
connect DCX equipment(43222801) |
|
Sell |
Security cameras(46171610) |
|
Sell |
Domestic clothes washers(52141601) |
|
Sell |
Surveillance and detection equipment(46171600) |
|
Sell |
Dehumidifiers(40101902) |
|
Sell |
Heating equipment and parts and accessories(40101800) |
|
Sell |
Telephony equipment(43222800) |
|
Sell |
Circuit switchboard equipment(43222802) |
|
Sell |
Premise branch exchange PBX systems(43221504) |
|
Sell |
Optical amplifiers(43221801) |
|
Sell |
System administrators(81111800) |
|
Sell |
Networking software(43232900) |
|
Sell |
Internet services(81112100) |
|
Sell |
System administrators(81111800) |
|
Sell |
Other domestic household appliances(52141800) |
CEO’s
|
Name |
Nam Yong (As of 01/01/2007) |
|
Address |
- |
|
Date of Birth |
01/02/1945 |
|
Title |
Vice Chairman & CEO |
|
Sex |
Male |
|
Nationality |
Korean |
Profiles
|
Capital |
809,169,030,000 KRW |
||||||||||||||||||
|
Employees |
31,110 |
||||||||||||||||||
|
Formation |
Listed Company( KSE : 066570 ) as of
04/1970 A company of LG Group |
||||||||||||||||||
|
Bank Details |
Woori Bank-Twin Tower Branch |
||||||||||||||||||
|
Corporate Registered No. |
110111-2487050 |
||||||||||||||||||
|
Business Registered No. |
107-86-14075 |
||||||||||||||||||
|
Permit & Licenses |
N/A |
||||||||||||||||||
|
Shareholder Position |
|
||||||||||||||||||
|
Company History |
2005 Partners in Performance award by
Celestica (Canada) 2004 The world’s first terrestrial DMB
phone developed 2004 EVSB, the next-generation DTV
transmission technology chosen to be the US/Canada DTV transmission standard
by the US ATSC All-in-one LG 55" LCD TV, the world’s first and largest
among LCD TVs, commercialized The world’s largest and first LG 71"
plasma TV commercialized 2003 World's first
synchronous-asynchronous IMT-2000 mobile phone developed; the world's first
76-inch PDP TV developed; CDMA mobile handsets took the largest share in the
US & world CDMA market 2002 Under the LG Holding Company system,
the Company spun off to LG Electronics (LGE) and LG Electronics Investment
(LGEI); the first home network system commercialized in the global market Before spun-off 2001 Asynchronous IMT-2000 equipment
commercialized; the world's first Internet- enabled washing machine, air
conditioner, and microwave oven launched; LG.Philips Displays, a joint
venture with Philips established 2000 Global sales of refrigerators reached
the number one position 2000 The world's first Internet-enabled
refrigerator launched 2000 ILG Information & Communications
merged 1999 LG.Philips LCD, a joint venture with
Philips, established 1998 World's first 60-inch PDP TV developed 1997 40-inch PDP TV and the world's first
IC set for DTVs developed; India production subsidiary (LGEIL) established 1995 Company name changed to LG
Electronics and the US-based Zenith acquired 1993 With the establishment of Huizhou
subsidiary in China(LGEHZ), marketing in China took full swing 1990 Ireland-based design technology
center established 1989 Sales subsidiary and a joint
production subsidiary in Thailand established 1986 European-standard VCR plant in
Germany established 1984 Sales surpassed US$1 trillion Won 1982 Color TV plant in Huntsville in the
US established 1980 First EU sales subsidiary in Germany
(LGEWG) established 1978 Exports surpassed US$100 million as
Korea's first in the electronics industry 1977 Color TV produced 1974 GoldStar Communications went public 1969 Korea's first washing machine
produced 1968 Korea's first air conditioner
produced 1966 Korea's first black & white TV
produced 1965 Korea's first refrigerator produced 1962 Radio exported to the US and Hong
Kong as Korea's first 1959 Korea's first radio produced 1958 GoldStar (today's LG Electronics)
established |
The Subject Company is a Korea-based
manufacturer specialized in the provision of electronics and telecommunication products.
The Company operates its business through four divisions: information
communication, digital appliance, digital display and digital media. The
information communication division offers mobile broadcasting handsets, public
broadcasting system (PBS) devices, key phones and others. The digital appliance
division provides air conditioners, refrigerators, washing machines, microwave
ovens, vacuum cleaners, compressors, motors, magnetrons and others. The digital
display division offers TVs, monitors, plasma display panel (PDP) modules,
video tapes and others. The digital media division provides storage devices,
audios, videocassette Recorders (VCRs), digital versatile discs (DVDs),
personal computers and others. During the year ended December 31, 2006, the
information communication division accounted for approximately 38% of total
sales.
As of 01-04-2002, Under the LG Holding
Company system, the Company spun off to LG Electronics (LGE) and LG Electronics
Investment (LGEI)
Detailed Information
Management
|
Job Description |
Title |
Name |
Nationality |
Date of Birth |
Education |
|
Vice Chairman & CEO |
Mr. |
Nam Yong |
Korean |
480315 |
Seoul National University |
|
CFO |
Mr. |
Jung Ho-Young |
Korean |
611102 |
Yonsei University |
|
Director |
Mr. |
Kang Yoo-Sik |
Korean |
481103 |
Seoul National University |
|
Outside Director |
Mr. |
Kang Suck-Jin |
Korean |
390525 |
Yonsei University |
|
Outside Director |
Mr. |
Hong Sung-Won |
Korean |
450320 |
Colorado University |
|
Outside Director |
Mr. |
Ju In-Ki |
Korean |
490226 |
University of New York |
|
Outside Director |
Mr. |
Lee Seok-Chae |
Korean |
450911 |
University of Boston |
Financials Unit: KRW
|
Year |
Sales |
Assets |
Net income |
|
2006 |
23,170,719, 000,000 |
13,230,142,000,000 |
212,718,,000,000 |
|
23,774,151,000,000 |
14,036,440,000,000 |
702,801,000,000 |
|
|
2004 |
24,659,317,000,000 |
13,234,241,000,000 |
1,545,954,000,000 |
|
2003 |
20,176,910,000,000 |
11,277,426,000,000 |
662,824,000,000 |
Financial Description Unit:
KRW
|
Authorized
Capital |
3,000,000,000,000 |
|
Paid-Up
Capital |
809,169,030,000 |
|
Total Issues Shares |
161,833,806 |
|
Balance Sheet |
|||
|
Unit : Million Korean Won |
01/01/2007~09/30/2007 |
As of 12/31/2006 |
As of 12/31/2005 |
|
Total Assets |
13,796,488 |
13,230,142 |
14,036,440 |
|
Current Assets |
3,306,063 |
3,160,377 |
3,985,163 |
|
-Quick Assets |
2,291,589 |
2,056,723 |
2,576,830 |
|
-Inventories |
1,014,474 |
1,103,654 |
1,408,333 |
|
Fixed Assets |
10,490,425 |
10,069,765 |
10,051,277 |
|
-Investment |
5,350,537 |
4,756,950 |
4,857,878 |
|
-Tangibles |
4,118,490 |
4,256,321 |
4,150,304 |
|
-Intangibles |
397,595 |
462,217 |
419,672 |
|
-Others |
623,803 |
594,277 |
623,423 |
|
Total Liabilities |
7,314,635 |
7,295,326 |
8,124,948 |
|
Current Liabilities |
4,730,882 |
4,901,328 |
5,208,346 |
|
Fixed Liabilities |
2,583,753 |
2,393,998 |
2,916,602 |
|
Capital Stock |
809,169 |
809,169 |
800,226 |
|
Capital Surplus |
2,219,993 |
2,219,993 |
2,107,259 |
|
Profit Surplus |
2,901,705 |
2,422,230 |
2,440,196 |
|
Capital Adjustment |
550,986 |
483,424 |
563,811 |
|
Total Equity |
6,481,853 |
5,934,816 |
5,911,492 |
|
Liab. &
Shareholder’s Equity |
13,796,488 |
13,230,142 |
14,036,440 |
|
Current Liabilities |
4,730,882 |
4,901,328 |
5,208,346 |
|
Trade Payables |
2,129,747 |
1,764,116 |
1,794,114 |
|
Short-Term Borrowings |
28,832 |
37,674 |
12,853 |
|
Current Portion of Long-Term Debts |
276,210 |
792,569 |
1,129,434 |
|
Account Payables |
716,488 |
1,083,209 |
1,101,399 |
|
Advance Receipts |
234,850 |
284,595 |
213,837 |
|
Withholdings |
30,416 |
53,705 |
7,727 |
|
Accrued Expenses |
1,228,097 |
805,438 |
885,284 |
|
Accrued Income Tax |
30,399 |
42,813 |
21,971 |
|
Derivatives Liabilities |
14,276 |
1,281 |
1,159 |
|
Unearned Income |
41,567 |
35,928 |
40,492 |
|
Others |
- |
- |
76 |
|
Fixed
Liabilities |
2,583,753 |
2,393,998 |
2,916,602 |
|
Debentures |
1,435,525 |
792,197 |
1,513,601 |
|
Long-Term Borrowings |
276,210 |
849,944 |
642,076 |
|
Provision for Severance & Retirement |
272,832 |
228,635 |
240,853 |
|
Provision for Sales Guarantee |
155,706 |
241,956 |
112,499 |
|
Deferred Income Tax Credits |
381,762 |
257,396 |
354,045 |
|
Derivatives Liabilities |
61,718 |
23,832 |
2,842 |
|
Others |
- |
38 |
50,686 |
|
Income
Statement |
|||
|
Unit : Million
Korean Won |
01/01/2007~09/30/2007 |
As of
12/31/2006 |
As of
12/31/2005 |
|
Sales |
17,626,998 |
23,170,719 |
23,774,151 |
|
Cost of Sold
Goods |
13,762,769 |
17,727,403 |
17,663,551 |
|
Gross Profit |
3,864,229 |
5,443,316 |
6,110,600 |
|
Selling &
Admin. Expenses |
3,453,487 |
4,908,402 |
5,195,960 |
|
Operating
Income |
410,742 |
534,914 |
914,640 |
|
Non-Operating
Income |
994,688 |
754,381 |
1,133,945 |
|
Non-Operating expenses |
685,603 |
1,027,492 |
1,307,194 |
|
Ordinary
Income |
719,827 |
261,803 |
741,391 |
|
Special Income |
- |
- |
- |
|
Income Before
Taxes |
719,827 |
261,803 |
741,391 |
|
Income Taxes
Expenses |
118,693 |
22,600 |
93,225 |
|
Net Income |
601,134 |
239,203 |
648,166 |
|
Cash Flows |
|||
|
Unit : Million
Korean Won |
01/01/2007~09/30/2007 |
As of
12/31/2006 |
As of
12/31/2005 |
|
Cash Flows
from Operating |
804,753 |
1,814,981 |
1,147,359 |
|
-Net Income |
601,134 |
239,203 |
648,166 |
|
-Exp. without
Cash Outflow |
1,437,711 |
2,370,990 |
2,512,219 |
|
-Revenue
without Cash Inflows |
(-)754,220 |
(-)416,844 |
(-)741,085 |
|
-Changes in
Asset/ & Liability |
(-)479,872 |
(-)378,368 |
(-)1,271,941 |
|
Cash Flows
from Investing |
(-)348,864 |
(-)1,027,456 |
(-)758,030 |
|
-Cash Inflow
from Investing |
211,893 |
286,968 |
1,039,473 |
|
-Cash Outflows
for Investing |
(-)560,757 |
(-)1,314,424 |
(-)1,797,503 |
|
Cash Flows
from Financing |
(-)552,376 |
(-)878,474 |
(-)456,481 |
|
-Cash Inflows from
Financing |
1,009,017 |
421,550 |
1,127,324 |
|
-Cash Outflows
from Financing |
(-)1,561,393 |
(-)1,300,024 |
(-)1,583,805 |
|
Increase/Decrease
in Cash |
(-)96,487 |
(-)90,949 |
(-)67,152 |
|
Cash at the
Beginning of Year |
490,315 |
581,264 |
648,416 |
|
Cash at the
End of Year |
393,828 |
490,315 |
581,264 |
Products, Technologies, Services Description
|
Main Products
& Services |
TV Audio Video Security Home
Appliances Computer
Product Mobile &
Telephone Communication
Systems Home Network Components |
Trade
Partner
|
Suppliers |
LG CHEM, LTD. LG. PHILIPS
LCD CO., LTD. MICRONAS AUO SKC HME SANYO SONY MEDIATEK HYNIX QUALCOMM TI ADI UNION STEEL
MFG. CO., LTD. ADDRESS: UNION
STEEL BLDG., 890, DAECHI-DONG, GANGNAM-GU, SEOUL 135-280 KOREA TEL:
82-2-2222-0114 FAX:
82-2-2222-0277 INDUSTRY:
MANUFACTURE OF COLD ROLLED, DRAWN AND EXTRUDED IRON OR STEEL PRODUCTS POSCO ADDRESS: 1,
GOEDONG-DONG, NAM-GU, POHANG-SI, GYEONGBUK-DO 790-704 KOREA TEL:
82-54-220-0114 FAX:
82-54-220-6000 INDUSTRY:
MANUFACTURE OF BASIC IRON AND STEEL GS CALTEX
CORPORATION ADDRESS: GS
TOWER, 679, YEOKSAM 1-DONG, GANGNAM-GU, SEOUL 135-985 KOREA TEL:
82-2-2005-1114 FAX:
82-2-2005-6051 INDUSTRY:
PETROLEUM REFINERIES LG.PHILIPS
DISPLAYS KOREA CO., LTD. ADDRESS: 184,
GONGDAN 1-DONG, GUMI-SI, GYEONGBUK-DO 730-902 KOREA TEL:
82-54-460-3003 FAX:
82-54-464-2307 INDUSTRY:
MANUFACTURE OF ELECTRONIC VALVES AND TUBES ANAM
INSTRUMENTS, INC. ADDRESS: 5F
EMERALD BD 1042 HOGYE-DONG DONGAN-GU ANYANG-SI GYEONGGI-DO 431-080 KOREA TEL:
82-31-347-7000 FAX:
82-31-347-7018 INDUSTRY:
MANUFACTURE OF OTHER ELECTRIC MOTORS, GENERATORS AND TRANSFORMERS SKC CO.,
LTD. ADDRESS: 633, JEONGJA
1-DONG, JANGAN-GU, SUWON-SI, GYEONGGI-DO 440-840 KOREA TEL:
82-2-3787-1234 FAX:
82-31-245-2725 INDUSTRY:
MANUFACTURE OF NON-SENSITIZED RECORDING MEDIUM |
|
KOLON
INDUSTRIES INC. ADDRESS: KOLON
BLDG., 1-23, BYEORYANG-DONG, GWACHEON-SI, GYEONGGI-DO 427-709 KOREA TEL:
82-2-3677-3114 FAX:
82-2-3677-3389 INDUSTRY:
MAN-MADE FIBERS SPINNING HYNIX
SEMICONDUCTOR INC. ADDRESS: SAN
136-1, AMI-RI, BUBAL-EUP, ICHEON-SI, GYEONGGI-DO 467-866 KOREA TEL:
82-31-630-4114 FAX:
82-31-630-4103 INDUSTRY:
MANUFACTURE OF DIODES, TRANSISTORS AND SIMILAR SEMI-CONDUCTOR DEVICES SAMSUNG SDI
CO., LTD. ADDRESS: 575,
SIN-DONG, YEONGTONG-GU, SUWON-SI, GYEONGGI-DO 443-731 KOREA TEL:
82-31-210-7114 FAX:
82-31-210-7161 INDUSTRY:
MANUFACTURE OF ELECTRONIC VALVES AND TUBES INTECH WAVE
CO., LTD. ADDRESS: #501,
ACE TECHNO TOWER 1-CHA 197-17 GURO 3-DONG GURO-GU, SEOUL 152-766 KOREA TEL:
82-2-3282-1177 FAX:
82-2-3282-1180 INDUSTRY:
MANUFACTURE OF COMMUNICATION APPARATUSES WITHOUT ANY LINE CONNECTION AND RADIO
OR TELEVISION BROADCASTING APPARATUSES MAKUS INC. ADDRESS: 4
FL., DAEDO BLDG., 748-14, YEOKSAM 1-DONG, GANGNAM-GU, SEOUL 135-925 KOREA TEL:
82-2-563-8008 FAX: 82-2-563-8411 INDUSTRY:
MANUFACTURE OF ELECTRONIC INTEGRATED CIRCUITS SUNNY
ELECTRONICS CORP. ADDRESS:
CHUNGJU IND. COMPLEX 457 MOKHAENG-DONG CHUNGJU-SI CHUNGBUK-DO 380-240 KOREA TEL:
82-43-853-1760 FAX:
82-43-853-5888 INDUSTRY:
MANUFACTURE OF DIODES, TRANSISTORS AND SIMILAR SEMI-CONDUCTOR DEVICES YOU EAL
ELECTRONICS CO., LTD. ADDRESS: 76-1,
MAJANG-RI, GWANGTAN-MYEON, PAJU-SI, GYEONGGI-DO 413-851 KOREA TEL:
82-31-948-1234 FAX:
82-31-948-7046 INDUSTRY:
MANUFACTURE OF COMMUNICATION APPARATUSES WITHOUT ANY LINE CONNECTION AND
RADIO OR TELEVISION BROADCASTING APPARATUSES WITHITS CO., LTD. ADDRESS: 11TH
FL., CHEONGJIN BLDG., 53-5, WONHYORO 3-GA, YONGSAN-GU, SEOUL 140-848 KOREA TEL:
82-2-3271-7878 FAX: 82-2-3271-7898 INDUSTRY:
WHOLESALE OF ELECTRICAL MACHINERY AND RELATED MATERIALS |
|
|
Customers |
LG TELECOM
CO., LTD. |
|
Competitors |
SAMSUNG
ELECTRONICS DAEWOO
ELECTRONICS |
Related Parties (Subsidiaries, Joint-Venture &
Affiliates)
|
Cooperative
Enterprise |
QUALCOMM(USA) MICROSOFT(USA) LIGHTSURF(USA) IRDETO
ACCESS(NETHERLANDS) QUALCOMM(USA) QUALCOMM(USA) SUN
MICROSYSTEMS(USA) NOKIA(FINLAND) INFRAWARE(KOREA) OPENWAVE(USA) QUALCOMM(USA) QUALCOMM(USA) QUALCOMM(USA) VIA LICENSING VIA LICENSING INTERDIGITAL |
AFFILIATES
LG MICRON
LTD.
ADDRESS: LG
MICRON, 624, GUPO-DONG, GUMI-SI, GYEONGBUK-DO 730-713 KOREA
TEL:
82-54-475-3800 FAX: 82-54-479-0360
INDUSTRY:
MANUFACTURE OF OTHER ELECTRONIC VALVES, TUBES AND ELECTRONIC COMPONENTS N.E.C.
LG. PHILIPS LCD
CO., LTD.
ADDRESS: 17FL.
LG TWIN TOWER WEST, 20 YOUIDO-DONG, YONGDUNGPO-GU, SEOUL 150-721 KOREA
TEL:
82-2-3777-1010 FAX: 82-2-3777-0795
INDUSTRY:
MANUFACTURE OF LIQUID CRYSTAL DISPLAYS
LG CHEM,
LTD.
ADDRESS: 17 LG
TWIN TOWER EAST 20 YOUIDO-DONG, YONGDUNGPO-GU, SEOUL 150-721 KOREA
TEL:
82-2-3773-5114 FAX: 82-2-3773-7933
INDUSTRY:
MANUFACTURE OF BASIC ORGANIC PETROCHEMICALS
LG TELECOM CO.,
LTD.
ADDRESS: 20F LG
GANGNAM TOWER 679 YEOKSAM 1-DONG GANGNAM-GU, SEOUL 135-985 KOREA
TEL:
82-2-2005-7114 FAX: 82-2-2005-7337
INDUSTRY: MOBILE
TELEPHONE SERVICES
LG INTERNATIONAL
CORP.
ADDRESS: 12FL.,
LG TWIN TOWER EAST, 20 YOUIDO-DONG, YONGDUNGPO-GU, SEOUL 150-721 KOREA
TEL:
82-2-3773-5114 FAX: 82-2-3773-5446
INDUSTRY:
WHOLESALE OF NON-SPECIALIZED GOODS
DACOM
CORPORATION
ADDRESS: DACOM
BLDG., 706-1, YEOKSAM 2-DONG, GANGNAM-GU, SEOUL 135-987 KOREA
TEL:
82-1544-0001 FAX: 82-2-6220-1929
INDUSTRY: LEASED
LINE SERVICES
LG HOUSEHOLD ＆ HEALTH CARE LTD.
ADDRESS: LG TWIN
TOWER, 20 YOUIDO-DONG, YONGDUNGPO-GU, SEOUL 150-721 KOREA
TEL:
82-2-3773-1114 FAX: 82-2-3773-7032
INDUSTRY:
MANUFACTURE OF TOOTHPASTE, SOAP AND SYNTHETIC DETERGENTS
LG PETROCHEM.
CO., LTD.
ADDRESS: 21TH
FL., TWIN TOWER EAST, 20 YOUIDO-DONG, YONGDUNGPO-GU, SEOUL 150-721 KOREA
TEL:
82-2-3773-3829 FAX: 82-2-3773-3929
INDUSTRY:
MANUFACTURE OF BASIC ORGANIC PETROCHEMICALS
LG LIFE SCIENCES
LTD.
ADDRESS: LG TWIN
TOWER, 20 YOUIDO-DONG, YONGDUNGPO-GU, SEOUL 150-721 KOREA
TEL:
82-2-3773-5114 FAX: 82-2-3773-7012
INDUSTRY:
MANUFACTURE OF BIOLOGICAL PRODUCTS
OVERSEAS OFFICE
ATHENS OFFICE
ADDRESS: 5, AKTI
LOKRIDOS AND POSEIDONOS, MOSCHATO, 183 44, ATHENS, GREECE
TEL:
30-210-480-0552
(DESIGN BRANCH)
LG ELECTRONICS JAPAN INC.
ADDRESS: 5F.KAI
BLDG. 3-9-5, IWAMOTO-CHO, CHIYODA-KU, TOKYO 101-0032 JAPAN
TEL:
81-3-3588-1079
(R & D
CENTER ) LG ELECTRONICS JAPAN INC.
ADDRESS: 5F.KAI
BLDG. 3-9-5, IWAMOTO-CHO, CHIYODA-KU, TOKYO 101-0032 JAPAN
TEL:
81-03-3588-1079
TAIWAN IPO
ADDRESS:
14F.,NO.105,SEC.2,TUN-HWA S.RD.,TAIPEI,TAIWAN,ROC
TEL:
886-02-2754-5420
DUSSELDORF
OFFICE
ADDRESS:
JAKOB-KAISER-STR. 12, D-47877 WILLICH
TEL:
49-215-4492-115
DUSSELDORF
OFFICE (R & D)
ADDRESS:
JAKOB-KAISER-STR. 12, D-47878 WILLICH
TEL:
49-215-4492-236
LG TECHNOLOGY
CENTER IN EUROPE (R & D)
ADDRESS:
HELLERSBERGSTRASSE 2A, D-41460, NEUSS, GERMANY
TEL:
49-213-1366-6432
CHICAGO OFFICE
ADDRESS: 2000
MILLBROOK DR. LINCOLNSHIRE IL 60069 USA
TEL:
1-847-941-8000
DETROIT OFFICE /
R & D OFFICE(AUTOMOTIVE ELECTRONICS)
ADDRESS: 1307
ALLEN DR. SUITE AA, TROY, MI 48083
TEL:
1-248-616-1901
NA DESIGN BRANCH
(DESIGN BRANCH)
ADDRESS: 6133 N.
RIVER RD. #1100, ROSEMONT, IL 60018
TEL:
1-201-816-2030
NA HR CENTER (HR
CENTER)
ADDRESS: 6133 N.
RIVER RD. #1100, ROSEMONT, IL 60018
TEL:
1-201-816-2316
NA PRODUCT
PLANNING GROUP
ADDRESS: 6133 N.
RIVER RD. #1100, ROSEMONT, IL 60018
TEL:
1-201-816-2160
LG ELECTRONICS
ALGIERS OFFICE
ADDRESS: 44, RUE
DE CHENOUA, HYDRA, ALGIERS, ALGERIA
TEL:
213-21-48-4177
LG ELECTRONICS
INC. AMMAN OFFICE
ADDRESS: HOUSING
BANK CENTER 3RD FLOOR P.O.BOX 930254 SHMEISANI AMMAN 11193, JORDAN
TEL:
962-6-568-4309
LG ELECTRONICS
BEIRUT OFFICE
ADDRESS: SIN EL-FIL,
SALOUMEH HIGHWAY HABIB CENTER 5TH, FACING COMPUTER ECHO
TEL:
961-3-061-522
LG ELECTRONICS
KARACHI OFFICE
ADDRESS:
TECHNOLOGY PARK, 4TH FLOOR, TOWER-A, SHAHRAH-E-FAISAL, KARACHI.
TEL:
92-21-778-7439
SUBSIDIARIES
LG INNOTEK CO.,
LTD.
ADDRESS: 14 FI.,
HANSOL BLDG., 736-1, YEOKSAM 1-DONG, GANGNAM-GU, SEOUL 135-983 KOREA
TEL:
82-2-3777-1114 FAX: 82-2-2005-5492
INDUSTRY:
MANUFACTURE OF OTHER ELECTRONIC VALVES, TUBES AND ELECTRONIC COMPONENTS N.E.C.
*LG ELECTRONICS
HAS 69.8% SHARES OF LG INNOTEK CO., LTD.
HI PLAZA CO.,
LTD.
ADDRESS: 4F LG
GANGSEO B/D, 36, MULLAEDONG 6-GA, YOUNGDUNGPO-GU, SEOUL 150-096 KOREA
TEL:
82-2-2164-1000 FAX: 82-2-2164-0719
INDUSTRY: RETAIL
SALE OF ELECTRICAL HOUSEHOLD APPLIANCES
*LG ELECTRONICS
HAS 100% SHARES OF HI PLAZA CO., LTD.
LGEAP(LG
ELECTRONICS AUSTRALIA PTY, LTD.)
SALES SUBSIDIARY
ADDRESS: 23 PIKE
STREET RYDALMERE NSW 2116, AUSTRALIA
TEL:
61-2-9684-8000 FAX: 61-2- 9684-8095
*LG ELECTRONICS
HAS 100% SHARES OF LGEAP.
LGEJP(LG
ELECTRONICS JAPAN, INC.)
SALES SUBSIDIARY
ADDRESS:
HON-KAN9F, AKASAKA TWIN TOWER2-17-22 AKASAK,MINTO-KU, TOKYO 107-8512-,JAPAN
TEL:
81-3-3588-1911 FAX: 81-3-3586-3984
*LG ELECTRONICS
HAS 100% SHARES OF LGEJP.
LGEVN(LG
ELECTRONICS VIETNAM CO.,LTD)
PRODUCTION &
SALES SUBSIDIARY
ADDRESS: 14TH
FLOOR-HA NOI CENTRAL OFFICE BUILDING 44LY THUONG KIET STR., HANOI, VIETNAM
TEL:
84-4-9345151 FAX: 84-4-9345153
*LG ELECTRONICS
100% SHARES OF LGEVN.
VKX(VIETNAM
KOREA EXCHANGE,LTD.)
PRODUCTION
SUBSIDIARY
ADDRESS: KM 9
HIGHWAY NO 1 A HOANG LIET HOANG MAI, HANOI, VIETNAM
TEL:
84-4-861-1730 FAX: 84-4-861-1231
LGEIL(LG
ELECTRONICS INDIA PVT. LTD.)
PRODUCTION &
SALES SUBSIDIARY
ADDRESS: PLOT
51, YDYOG VIHAR, PHASE 2, SURAJPUR-KASNA ROAD, GREATER NOIDA, 201 805
TEL: 91-120-2560
900/940 FAX: 91-120-2560-921
*LG ELECTRONICS
HAS 100% SHARES OF LGEIL.
LGSI(LG SOFT
INDIA PRIVATE LIMITED)
R & D
ADDRESS: 5TH
FLOOR, TOWER-B, GOLF VIEW HOMES, WIND TUNNEL ROAD, MURUGESHPALYA, BANGALORE,
560 017 INDIA
TEL:
91-80-527-5711 FAX: 91-80-527-5711
*LG ELECTRONICS
HAS 100% SHARES OF LGSI.
LGEDI(P.T. LG
ELECTRONICS DISPLAY DEVICES INDONESIA)
PRODUCTION
SUBSIDIARY
ADDRESS: MM2100
INDUSTRIAL ESTATE BLOCK G, CIKARANG BEKASI, JAWA BARAT INDONESIA 17520
TEL:
62-21-898-9200 FAX: 62-21-8998-2756
*LG ELECTRONICS
HAS 100% SHARES OF LGEDI.
LGEIN(P.T. LG
ELECTRONICS INDONESIA)
PRODUCTION &
SALES SUBSIDIARY
ADDRESS: JL.
TABRI, CIRARAB, LEGOK, TANGERANG 15820
TEL:
62-21-597-8320 FAX: 62-21-597-9603
*LG ELECTRONICS
HAS 100% SHARES OF LGEIN.
LGEML(LG
ELECTRONICS MALAYSIA SDN.BHD)
SALES SUBSIDIARY
ADDRESS: LEVEL 1
& 2, KELANA BREM TOWER 2, JALAN STADIUM (SS 7/15) 47301 KELANA JAYA
SELANGOR DARUL EHSAN, MALASIA
TEL:
60-3-7491-2888 FAX: 60-3-7491-2800
*LG ELECTRONICS
HAS 100% SHARES OF LGEML.
LGEEC(LG
ELECTRONICS EGYPT CAIRO SAE)
SALES SUBSIDIARY
ADDRESS: 3/1
CROSS ROAD EL LASELKY ST,WITH PALESTINE ST,SABRA TOWER.NEW MAADI,CAIRO-EGYPT
TEL:
20-2-520-0336 FAX: 20-2-520-2724
*LG ELECTRONICS
HAS 100% SHARES OF LGEEC.
LGEEG(LG
ELECTRONICS EGYPT S.A.E.)
PRODUCTION SUBSIDIARY
ADDRESS: PO
BOX14, ISMAILIA EGYPT
TEL:
20-64-482-146 FAX: 20-64-482-742
*LG ELECTRONICS
HAS 83.97% SHARES OF LGEEG.
LGEMC(LG
ELECTRONICS MOROCCO S.A.R.L.)
PRODUCTION
SUBSIDIARY
ADDRESS:
LOTISSEMENT LA COLLINE Ⅱ, LOT NO 33 SIDI MAAROUF, CASABLANCA, MOROCCO
TEL:
212-2-297-3232 FAX: 212-2-297-3288~89
*LG ELECTRONICS
HAS 100% SHARES OF LGEMC.
LGESA(LG
ELECTRONICS S.A. (PTY) LTD.)
SALES SUBSIDIARY
ADDRESS: 181
BARBARA ROAD ELANDSFONTEIN JOHANNESBURG SOUTH AFRICA
TEL:
27-11-571-6700 FAX: 27-11-822-5751
*LG ELECTRONICS
HAS 100% SHARES OF LGESA.
LGEGF(LG
ELECTRONICS GULF FZE)
SALES SUBSIDIARY
ADDRESS: P.O.BOX
61445, JEBEL ALI, DUBAI, U.A.E
TEL:
971-4-8812191 FAX: 971-4-8813995
*LG ELECTRONICS
HAS 100% SHARES OF LGEGF.
LGEME(LG
ELECTRONICS MIDDLE EAST CO., LTD.)
SERVICE
SUBSIDIARY
ADDRESS: P.O.BOX
16782, JEBEL ALI, DUBAI, U.A.E
TEL:
971-4-8813-663 FAX: 971-4-8813-818
*LG ELECTRONICS
HAS 100% SHARES OF LGEME.
LGEAK(LG
ELECTRONICS ALMATY KAZAKSTAN)
PRODUCTION &
SALES SUBSIDIARY
ADDRESS: 2-A, MOLODEZHNAYA
ST., 050061, ALMATY, REPUBLIC OF KAZAKHSTAN
TEL:
7-3272-758275 FAX: 7-3272-758290
*LG ELECTRONICS
HAS 100% SHARES OF LGEAK.
LGERI(LG ALINA
ELECTRONICS)
SERVICE
SUBSIDIARY
ADDRESS: 2 BLD.
1, PLOSHCHAD POBEDY, MOSCOW, 121248, RUSSIA
TEL: 7-095-933-6090
FAX: 7-095-232-6656
*LG ELECTRONICS
HAS 95% SHARES OF LGERI.
LGERU(LG
ELECTRONICS RUSSIA & UKRAINE)
SALES SUBSIDIARY
ADDRESS: 5TH
FLOOR, 2, YAKIMANSKAYA EMB, MOSCOW, 109180, RUSSIA
TEL:
7-095-933-6565 FAX: 7-095-933-6560
LGEUR(LG
ELECTRONICS UKRAINE INC.)
SERVICE
SUBSIDIARY
ADDRESS: 2A
GEROEV DNEPRA STR., 2ND FLOOR 04214, KIEV, UKRAINE
TEL:
38-044-490-7777 FAX: 38-044-490-7778
*LG ELECTRONICS
HAS 100% SHARES OF LGEUR.
LGEAZ(LG
ELECTRONICS DA AMAZONIA LTDA.)
PRODUCTION &
SALES SUBSIDIARY
ADDRESS: AV.
JAVARI S/N, DIST. INDUSTRIAL - MANAUS AM
TEL:
55-92-616-8700 FAX: 55-92-616-8787
LGESP(LG
ELECTRONICS DE SAO PAULO LTDA.)
PRODUCTION &
SALES SUBSIDIARY
ADDRESS: AV. DR.
CHUCRI ZAIDAN, 940 - 3TH ANDAR, CEP 04583-110, VILA CORDEIRO, SAO PAULO, SP,
BRASIL
TEL:
55-11-2162-5400 FAX: 55-11-2162-5415
*LG ELECTRONICS
HAS 100% SHARES OF LGESP.
LGECL(LG
ELECTRONICS INC. CHILE LTDA)
SALES SUBSIDIARY
ADDRESS:
AV.PRESIDENTE RIESCO 5711, 2 PISO LAS CONDES, SANTIAGO, CHILE
TEL:
56-2-438-6900 FAX: 56-2-438-6901
*LG ELECTRONICS
HAS 100% S HARES OF LGECL.
LGECB(LG
ELECTRONICS COLOMBIA LTDA)
SALES SUBSIDIARY
ADDRESS: AV 13
(AUTOPISTA NORTE) 122-35/47, BOGOTA,COLOMBIA
TEL: (57-1)
647-1088 FAX: (57-1) 647-1207
*LG ELECTRONICS
HAS 100% SHARES OF LGECB.
LGEMM(LG
ELECTRONICS MONTERREY MEXICO S.A. DE C.V)
PRODUCTION
SUBSIDIARY
ADDRESS:
AV.INDUSTRIAS NO.180 FRACC. INDUSTRIAL PIMSA OTE. APODACA, N.L, MEXICO
C.P.66603
TEL:
52-818-196-5500 FAX: 52-818-196-5559
*LG ELECTRONICS
HAS 100% SHARES OF LGEMM.
LGEMS(LG
ELECTRONICS MEXICO S.A.DE C.V.)
SALES SUBSIDIARY
ADDRESS: SOR
JUANA INES DE LA CRUZ NO.555 CO.SAN LORENZO TLANEPANTLA ESTADO DE
MEXICO,C.P.54033
TEL:
52-55-5321-1900 FAX: 52-55-5321-1960
*LG ELECTRONICS
HAS 100% SHARES OF LGEMS.
LGEMX(LG
ELECTRONICS MEXICALLI S.A.DE C.V.)
PRODUCTION
SUBSIDIARY
ADDRESS: CALLE
ORBITA #36, PARQUE INDUSTRIAL MEXICALI Ⅱ,MEXICALI, B.C.C.P. 21600 MEXICO
TEL:
52-65-61-1339 FAX: 52-65-61-1389
LGERS(LG ELECTRONICS
REYNOSA, INC.)
PRODUCTION
SUBSIDIARY
ADDRESS:
CARRETRA A MATAMOROS Y BRECHA E-99 APARTADO POSTAL NO. 178, REYNOSA, TAMPS,
MEXICO
TEL:
1-956-784-6400 FAX: 1-956-784-6518
LGEPS(LG
ELECTRONICS PANAMA, S.A.)
SALES SUBSIDIARY
ADDRESS: EDIF.
TORRE GLOBAL BANK PISO #8, CALLE 50, PANAMA, REP. DE PANAMA
TEL:
507-210-6000 FAX: 507-264-0725
*LG ELECTRONICS
HAS 100% SHARES OF LGEPS.
LGEIS(LG
ELECTRONICS ITALIA S.P.A.)
SALES SUBSIDIARY
ADDRESS: CENTRO
DIREZIONALE "IL QUADRATO " VIA MODIGLIANI 45-20090 SEGRATE(MI) ITALIA
TEL:
39-02-51801-1 FAX: 39-02-51801-500
*LG ELECTRONICS
HAS 100% SHARES OF LGEIS.
LGEFS(LG
ELECTRONICS FRANCE S.A.R.L)
SALES SUBSIDIARY
ADDRESS: PARIS
NORD II - 117, AVENUE DES NATIONS - B?T A ET C B.P. 59372 VILLEPINTE - 95942
ROISSY CDG CEDEX
TEL: 01 49 89 89
49 FAX: 01 49 89 89 48
*LG ELECTRONICS
HAS 100% SHRES OF LGEFS.
LGEMF(LG
ELECTRONICS MOBILECOMM FRANCE)
R&D
ADDRESS: PARIS
NORD II - 117, AVENUE DES NATIONS - B?T B ET D B.P. 59372 VILLEPINTE - 95942
ROISSY CDG CEDEX
TEL: 33 1 41 59
93 00 FAX: 33 1 1 41 59 93 17
*LG ELECTRONICS
HAS 100% SHARES OF LGEMF.
LGEUK(LG
ELECTRONICS UNITED KINGDOM LTD.)
SALES SUBSIDIARY
ADDRESS: LG
HOUSE, 264 BATH ROAD, SLOUGH, BERKSHIRE SL1 4 DT, UNITED KINGDOM
TEL:
44-1753-491-500 FAX: 44-1753-491-500
*LG ELECTRONICS
HAS 100% SHARES OF LGEUK.
LGEWA(LG
ELECTRONICS WALES LTD.)
PRODUCTION
SUBSIDIARY
ADDRESS:
IMPERIAL PARK, NEWPORT, SOUTH WALES NP10 8ZY
TEL:
44-1-633-657540 FAX: 44-1-633-657539
*LG ELECTRONICS
HAS 100% SHARES OF LGEWA.
LGEES(LG
ELECTRONICS ESPANA S.A)
SALES SUBSIDIARY
ADDRESS: EUROPA
EMPRESARIAL - EDIFICIO MADRID CTRA. N.VI, KM. 24 -28230 LAS ROZAS - MADRID.
TEL:
34-91-211-2222 FAX: 34-91-211-2209
*LG ELECTRONICS
HAS 100% SHARES OF LGEES.
LGEHS(LG
ELECTRONICS HELLAS S.A.)
SALES SUBSIDIARY
ADDRESS: CITY
PLAZA CENTRE, 85, VOULIAGMENIS AVE.,GLYFADA 166 75, ATHENS, GREECE
TEL:
30-210-4800-500 FAX: 30-210-4800-510
*LG ELECTRONICS
HAS 100% SHARES OF LGEHS.
LGEAT(ARCELIK-LG
KLIMA SANAYI VE TICARET A.S.)
PRODUCTION
SUBSIDIARY
ADDRESS:
ORGANIZE SANAYI IHSAN DEDE CAD. 41400 GEBZE / KOCAELI, TURKEY
TEL:
90-26-2751-0120 FAX: 90-262-751-1968
*LG ELECTRONICS
HAS 50% SHARES OF LGEAT.
LGEAL(LG
ELECTRONICS ANTWERP LOGISTIC N.V.)
SALES SUBSIDIARY
ADDRESS: ANTWERP
TOWER 7TH FL. DE KEYSERLEI 5, BOX 17, 2018 ANTWERP, BELGIUM
TEL:
32-3-206-9761 FAX: 32-3-206-9769
*LG ELECTRONICS
HAS 100% SHARES OF LGEAL.
LGECI(LG
ELECTRONICS CANADA, INC.)
SALES SUBSIDIARY
ADDRESS: 550
MATHESON BLVD. EAST MISSISSAUGA ONTARIO L4Z 4G3
TEL: 905 -568-
6800 FAX: 905 - 507 – 9149
*LG ELECTRONICS
HAS 100% SHARES OF LGECI.
LGEAI(LG
ELECTRONICS ALABAMA INC.)
SERVICE
SUBSIDIARY
ADDRESS: P.O.BOX
240007, 201 JAMES RECORD ROAD, HUNTSVILLE, ALABAMA 35824, U.S.A.
TEL:
256-772-8860 FAX: 256-772-6129
*LG ELECTRONICS
HAS 100% SHARES OF LGEAI.
LGEMU(LG
ELECTRONICS MOBILECOMM U.S.A.,INC.)
SALES SUBSIDIARY
ADDRESS: 10225
WILLOW CREEK RD. SAN DIEGO, CA 92131
TEL:
858-635-5300 FAX: 858-635-5225
LGEUS(LG
ELECTRONICS U.S.A., INC.)
SALES SUBSIDIARY
ADDRESS: 1000 SYLVAN
AVENUE ENGLEWOOD CLIFFS, NEW JERSEY, U.S.A. 07632
TEL:
201-816-2000 FAX: 201-816-0636
*LG ELECTRONICS
HAS 100% SHARES OF LGEUS.
ZENITH(ZENITH
ELECTRONICS CORPORATION)
R & D
ADDRESS: 2000
MILLBROOK DRIVE, LINCOLNSHIRE IL 60089 USA
TEL: 1-201-816-3155
/ 1-847-391-7000 FAX: 1-201-816-2026 / 1-847-941-8698
Sales by Region (Activity
& Markets)
|
Sales/ Unit
:100 Mil KRW |
2006 |
2005 |
2004 |
|
Export |
172,234 |
182,651 |
195,731 |
|
Domestic |
59,473 |
55,091 |
50,862 |
|
Total |
231,707 |
237,742 |
246,593 |
Court Action
|
Case No. |
Court |
Plaintiff(s)/ Creditor(s)/ Applicant(s) |
Defendant(s)/ Debtor(s)/ Respondent(s) |
Cause |
Amount (KRW) |
Status |
|
10/2005 |
Incheon District Court |
Ji-Hyung-Yol |
The Subject Company |
Claim for Damages |
143,000,000 |
1st Round Proceeding |
|
03/2007 |
Seoul Nambu District Court |
Korea EX-IM Bank |
The Subject Company |
Claim for the transferred Money |
309,000,000 |
1st Round Proceeding |
|
|
|
Others(16 Cases) |
|
|
9,598,000,000 |
|
|
|
|
Total-Domestic (18 Cases) |
|
|
11,293,000,000 |
|
|
11/2002 |
State of Illinois Federal Court-USA |
Wireless Consumer Alliance |
The Subject Company |
(US) Claim for Mobile Phone E-911 Regulation Violation |
- |
1st Round Proceeding |
|
01/1995 |
Superior Court in Quebec Montreal |
AVS |
The Subject Company |
(Canada) Claim for Damages from Quality Issues |
CAD 27,000,000 |
1st Round Proceeding |
|
03/2005 |
US Bankruptcy Court Northern District of California |
Official Committee of Unsecured Creditors of Sonicblue |
The Subject Company |
(US) Nullification on Preference Transfer |
USD 7,000,000 |
1st Round Proceeding |
|
12/1996 |
12th Commercial Circuit of Board of Grievance |
Mahmood Abbar Co. |
The Subject Company |
(Saudi) Claim for Damages from Agentship Agreement
Violation |
SAR 2,000,000 |
1st Round Proceeding |
|
07/2003 |
Michigan Court |
Whirlpool |
The Subject Company |
(US) Claim for Patent Infringement and Damages |
- |
1st Round Proceeding |
|
02/2006 |
Court of First instance of Paris |
Philips |
The Subject Company |
(France)Claim for Patent Infringement |
EUR 10,000,000 |
Proceeding |
|
|
|
Others(27 Cases) |
|
|
USD 143,000,000 |
|
|
|
|
Total-Globally (33 Cases) |
|
|
USD
184,000,000 |
|
News
Clipping
BlackBerry attacks LG’s Black Label
JoongangIlbo & Joins.com:11/09/2007
Research In Motion, the maker of BlackBerry e-mail phones, sued LG Electronics claiming its Black Label mobile phones infringe on the BlackBerry trademark.The LG phones are sold under a name that is “confusingly similar” to the BlackBerry, Research In Motion said in a complaint filed yesterday in federal court in Los Angeles.
Research In Motion seeks a court order barring LG from using the Black Label name and unspecified damages. Research in Motion, based in Waterloo, Ontario, settled a similar trademark dispute in February with Samsung Electronics over Samsung’s BlackJack handsets.
LG Electronics is Asia’s second-largest maker of mobile phones behind Samsung.
Research In Motion said last month it plans to start selling BlackBerry phones this year in China, the world’s largest handset market, as it expands beyond North America.
In addition to the LG Black Label phones, which can be used on any GSM network in the United States, Research In Motion also wants a court order to stop the sale of LG Chocolate handsets that Verizon Wireless sells under the Strawberry and Black Cherry names, according to the complaint. Bloomberg
- Copyrights ⓒ JoongangIlbo & Joins.com, All rights reserved. –
LG Electronics named Indonesia’s best exporter for two years in a row
Digital Daily :10/26/2007
LG Electronics (www.lge.com) has been designated as Indonesia’s best exporter for two consecutive years following 2006, the company said on the 25th.
LG Electronic Indonesia (LGEIMN) received the best exporter at 2007 Primaniyarta Awards, granted by the President of Indonesia in person.
The Indonesian government grants the awards for both local and foreign-invested companies based on evaluation over seven categories including export records, local sales, technology transfer, social contribution and etc.
LGEIN came in the first place with export records of 1.45 billion dollars in 2006 (1.18 billion dollars for export and 270 million dollars for local sales).
The company also ranked No.1 in terms of electric appliance market share (▲PDP TV 46% ▲home theater 45% ▲audio 24% ▲refrigerator 21% ▲washing machine 17%) as of 2006 thanks to its aggressive marketing campaigns.
Samsung plasmas lose out to LCD’s
JoongangIlbo & Joins.com:10/24/2007
Samsung SDI Company, the world’s second-largest maker of plasma television displays, posted a fourth-straight quarterly loss as competition drove down panel prices.The third-quarter net loss was 103 billion won ($112 million), compared with a profit of 40 billion won a year earlier, Samsung SDI said yesterday.
Sales fell 27 percent to 912.7 billion won.Samsung SDI plans to add customers in the United States and enter more markets, forecasting that demand will rise this quarter and help “stabilize” prices.
The company joins LG Electronics in reporting a loss from plasma panels as they lost market share to liquid-crystal display makers.“We plan to expand our customer base in the U.S.
and enter emerging markets including China in the fourth quarter,” Samsung SDI said in a statement.
The company will also increase sales of larger panels measuring 50 inches or more diagonally.Excluding overseas affiliates, the operating loss, or sales minus the cost of goods sold and administrative expenses, was 117.9 billion won, compared with a profit of 3.5 billion won a year earlier.Sales of LCD televisions will probably jump 86 percent to 78 million units this year, beating the 22-percent growth for plasma televisions, according to estimates by James Kim, an analyst at Lehman Brothers Holdings Incorporated.LG last week reported a third-quarter loss at its display division, which sells plasma panels and TV’s, failing to meet its target to break even during the period because of a delayed recovery in demand.LG, the world’s third-largest maker of plasma displays, predicted the business will break even this quarter.Samsung SDI forecast industry demand for plasma panels will increase 50 percent in the second half from the first six months of the year, and forecast global demand for plasma panels will increase 8.3 percent from the three months ended Sept.
30 to 3.9 million units in the fourth quarter. Bloomberg
- Copyrights ⓒ JoongangIlbo & Joins.com, All rights reserved. -
Samsung and LG find
success in new strategies
JoongangIlbo & Joins.com : 04/23/2007
Korea’s top two phone makers Samsung Electronics Co. and LG Electronics Inc.
turned their worsening profitability around for the first quarter, using two opposite strategies.
Samsung let go of some of its high-end marketing, adding models toward the lower end in new markets, while LG concentrated on specific markets, and succeeded in selling phones for higher prices than Samsung in certain parts of Europe.The companies’ strategies were successful, but certainly not original.
Samsung’s plan in going after emerging markets echoed Nokia’s previous strategy, and LG’s focus on the high-end market copied Samsung’s former business model.
In the global market, Nokia is currently No. 1 in terms of sales, followed by Motorola, Samsung, Sony Ericsson and LG.Samsung’s first quarter phone sales went up 30 percent on a quarterly basis and 6 percent compared to the previous year, achieving a record quarterly high of 34.8 million units.
Revenue went down 1 percent, because the phones in new markets such as China, South America and Southeast Asia sold for less, but operating profits were up 66 percent from the previous quarter.LG was able to beat Samsung for the first time in the premium market.
With its Chocolate phones and its new brand, Shine, LG was able to boost its phone prices by an average of $20, mainly in the European marketAlthough the number of cell phones LG sold in the first quarter was down by 12 percent, revenue was up 17.8 percent.
The firm also recovered from a 51.9-billion-won ($56 million) operating loss last year to post an operating profit for the first quarter of 110.2 billion won.“Profitability in Korea’s phone industry has dropped for two years in a row so this is definitely encouraging,” said Noh Geun-chang, an analyst at Korea Investment & Securities Inc.Overall, however, the first quarter was not a good one for the industry.
Nokia, which did well last year thanks to growth in low-end markets, saw slower growth. Its annual operating profits were down, though it did sell 21 percent more phones.
Motorola, which soared last year on popularity of its Razr phones, did not make much progress. Sony Ericsson’s revenue and operating profits were also down compared to the previous quarter.
By Wohn Dong-hee Staff Writer [wohn@joongang.co.kr]
LG Tops Air-Con
Market
KOREA TIMES: 01-16-2007
By Cho Jin-seo / Staff Reporter
LG Electronics said Tuesday that it was the largest air conditioner seller in the world last year. It sold 12.28 million units.
It was the seventh consecutive year that LG topped the market, and the third in a row in which it shipped more than 10 million units, the company said.
LG accounted for 19.5 percent of the 62.97 million air conditioning units sold worldwide in 2006, the company said, citing a report from Japanese research firm Fuji-Keizai.
To build on this momentum, LG introduced 103 new models with enhanced air cleaning features, such as automatic filter cleaning and automatic sterilization, and pledged to expand production by 10 percent.
``With innovative features such as the robot cleaning system, LG will satisfy the diverse demands of consumers,’’ Noh Hwan-yong, executive vice president and chief of the LG air conditioner division, said in a press release.
``As we have about 20-percent annual growth in sales, we will increase the annual production capacity from 14.8 million units to 16 million units and achieve sales of $4.5 billion,’’ he said.
The new products sterilize the inside of the heat exchanger and the surface of the cooling pan, which LG said kills 99.9 percent of mold and bacteria.
A built-in cleaning system automatically dusts off the filter regularly, freeing users from cleaning and service difficulties caused by clogged filters. A similar technology was adopted by Japan’s Matsushita in 2004.
LG said the auto filter cleaning reduces electricity consumption 13 percent. A clogged filter can reduce cooling and heating efficiency, increase operation costs and lead to premature component failure.
The new product will be launched immediately in South Korea and will be soon available worldwide.
To expand production capacity, LG will increase the proportion of its manufacturing that takes place overseas from the current 55 percent to 60 percent, it said.
LG is leading its domestic rival Samsung Electronics in the household appliance sector, both locally and globally.
It operates air conditioner manufacturing lines in seven countries _ South Korea, China, India, Thailand, Vietnam, Turkey and Brazil _ and plans to open more up factories in Saudi Arabia and in Iran.
It has six research and development centers for air conditioners.
iPhone Accused of
Copycatting Korean Model
KOREA TIMES:01-16-2007
By Kim Tae-gyu /Staff Reporter
The iPhone of Apple Computer is allegedly a clone of a handset made by the Seoul-based LG Electronics, the world’s fifth-largest cell phone manufacturer.
An info-tech Web site Engadget (www.engadget.com) yesterday said that the iPhone is very similar to the LG KE850, which has a moniker of the ``Prada phone.’’
While comparing looks and touch-sensitive keypads of the two models with big pictures, the site asks for responses from readers on their similarities.
``Two sparsely-buttoned large, touch screen phones: the Apple iPhone and the LG KE850. Separated at birth, or possible lawsuit No. 2 for Apple? You decide,’’ the site briefly introduces the pictures.
What Engadget means was that if LG sues Apple over patent infingement, it would be the second lawsuit against the iPhone after its long awaited release.
As soon as Apple boss Steve Jobs revealed the iPhone last week, U.S. network company Cisco Systems filed a lawsuit against Apple, claiming trademark rights on the iPhone.
Many Internet users, who uploaded postings at the Engadget site, admitted the looks and user interfaces of the two devices are strikingly similar _ they are both rounded, black rectangles with a big touch screen in the middle.
LG Electronics also thinks the two gadgets are almost identical but the company seems undecided as to whether or not to cry foul against Apple through court action.
``At first glance, we recognized the iPhone shares many form factors with the Prada phone. We are flattered that other makers follow our design policy,’’ LG spokesman Lee Hyoung-kun said.
``We can’t say at the moment whether or not we will file a lawsuit against Apple regarding this. It’s too early to make remarks on the issues,’’ Lee said.
Experts predict that if the two phones share functionalities on top of looks, LG might file a complaint.
LG has yet to reveal specifications of the Prada phone, which the firm looks to market soon. Yet, its exterior was shown to the public when it won the International Forum Design Product Design Award for 2007.
Apple plans to launch the iPhones in June in the United States and months later in Europe.
New LG CEO Takes Aim
at Global No. 3
01-09-2007: KOREA TIMES
By Cho Jin-seo / Staff Reporter
LAS VEGAS _ Nam Yong, the newly appointed LG Electronics CEO, said he will aggressively revamp the company’s human resources in order to make the company one of the global top three by 2010.
Nam, who took over the position on Jan. 1, said that he considers LG’s top managers, and about one third of its engineers and white-collar workers to be uncompetitive and urged them to change.
``I believe that about 60,000 of our employees are quite competitive by global standards. But the quality of the remaining 30,000 is a problem,’’ he said in a meeting with reporters on Monday at the Stratosphere Tower. ``How fast we can improve the quality of those 30,000, as well as that of the top 300 managers, is the most critical issue for LG.’’
Nam said he has already invited a McKinsey & Company executive as a new chief strategic officer, and will hire more talent from outside.
Nam, who was the CEO of LG Telecom for eight years until last summer, acknowledged that he is not yet fully acquainted with the electronics industry as a whole, but still hopes that the company can join the industry’s top three rankings by 2010, in terms of revenue, profit and shareholder return. The goal was previously set by Kim Ssang-su, his predecessor who now holds an honorary position in LG Corp., the holding company of the group.
For this year, Nam is aiming for 40 trillion won in sales, up from 37 trillion won last year. He also said he will increase research and development spending from 2.9 trillion won to 3.1 trillion won.
The sales target for mobile phones was set at 7.8 million, 20 percent up from last year. He also wants to sell 10.5 million flat-screen TVs this year, with the LCD (liquid crystal display) type accounting for 8 million and plasma models the rest.
When he was at LG Telecom, Nam earned much recognition for his so-called ``noise marketing’’ policies, which referred to his strategy of provoking bigger mobile carriers with offending advertisements, thus drawing the attention of the media.
When asked if he would use the same strategy, Nam said there was no reason to avoid it.
``I had tried to do it without making a noise, but my competitors reacted by making noise. I appreciate them for that,’’ he said. ``If the nature of noise marketing is about competition, I will continue to do it. We can never succeed by imitating others.’’
Nam, adding he is in only his fourth working day at LG Electronics, said LG’s role model should be Dell in terms of supply chain management, 3M for creative planning and Toyota for manufacturing.
``I have stressed the importance of `value creation.’ That is to remove unnecessary and unproductive activity at work, such as making to many reports to managers. I believe it is my job to reduce bureaucracy within the company.’’
Meanwhile, Park Jong-ho, vice president of LG’s North America subsidiary, said its sales goal for 2007 is over $10 billion, an increase of 10 percent compared to last year.
LG Electronics Picks New CEO to Boost Profits
LG.Philips LCD’s CEO Appointment Put on Hold Definitely Over Procedural Matter
12-18-2006: KOREA TIMES
By Cho Jin-seo / Staff Reporter
LG Electronics Monday dismissed CEO Kim Ssang-su and appointed Nam Yong as its new chief, hoping that the former LG Telecom leader will rescue the struggling electronics giant.
The company also reshuffled several top management positions including the heads of its mobile phone and digital devices departments and the head of its domestic sales and marketing operations. The company is expecting a 70-percent drop in its net profit this year.
``Kim has laid the foundation for LG to become a global company through a strong reform drive. Now it's others' turn to bring the company into the next stage,'' an LG spokesman said over the phone. ``The replacement should not be viewed as a punishment, as the two executives have different roles.''
Nam, 58, earned his reputation while he was the chief executive of LG Telecom from 1998 until July. He will start work at the new post in January, while Kim, the outgoing man, will be moved to the group's strategic office.
LG insiders had expected the appointment of Nam. The company's net profit was a record-high 1.5 trillion won in 2004, but nose-dived to 700 billion won last year. This year, it is again to fall to around 200 billion won, according to reports of analysts, mainly due to lagging sales of mobile phones and losses from its stock value in LG.Philips LCD.
LG also named three foreign nationals as junior executives for the first time in its history. They are John Herrington of the United States, and Eric Surdej and Dominique Oh of France.
Nam is also known to have the full support of the group's founder and Honorary Chairman Koo Ja-kyung, since he worked for him in the chairman's office from '70s.
Kim, the outgoing CEO, was the first chief executive of LG Electronics who was not a member of the founder's family. As a manufacturing expert, he pushed for reform since 2003, and has helped LG to become a leading home appliance maker in the world.
He was also famous for initiating ``Innovation School'' program, in which every employee was sent on military-style training, including a 32-kilometer road march.
Meanwhile, LG.Philips LCD, a sister firm of LG Electronics, indefinitely postponed the appointment of its new CEO yesterday.
The company was expected to replace current chief executive Koo Bon-joon with Kwon Young-soo, chief finance officer of LG Electronics, at its board meeting held Monday afternoon.
A public relations official said that there was a minor disagreement among the board members about the appointment process. But Yonhap News Agency reported the delay was on the request of its second largest shareholder Philips, citing unidentified company officials.
The company didn't say when the board meeting will resume. LG.Philips LCD is about to see as much as 800 billion won in net losses this year.
Newspaper: The Korea Times
Subject: LG to Set Up White Goods Plant in Eastern Europe
Date: 11-Jul-2005
LG Electronics will begin construction of a new white goods plant in Eastern Europe in the first half of next year to make aggressive inroads into the European premium home appliance market.
An LG Electronics official said Monday that the electronics maker would begin construction of a white goods factory in Eastern Europe before July next year.
The electronics giant is studying currently examining candidate sites for the proposed plant that will churn out various white goods including refrigerators, air conditioners and electric washers.
On condition of anonymity, he said the electronics maker would soon decide where to build the new factory and construction of the new plant will break ground in the first half of 2006.
``In April, we have made public that we would build another white goods plant in Eastern Europe. But nothing has been decided officially on where we will build the new plant and when the construction will begin and how much we will invest,’’ said LG Electronics spokesman.
However, he revealed that LG Electronics is considering Poland, the Czech Republic and Hungary as possible green-field investment destination.
LG Electronics currently operates sales subsidiaries in Hungary, Czech Republic and Romania and a digital TV production affiliate in Poland.
The company’s second digital TV plant, currently being built in Poland, will be completed in 2010. LG Electronics will invest a total of $110 million into construction of the new plant.
LG Electronics expects the new digital TV plant would create 5,000 jobs in Poland, including the employment by its business partners and parts and material suppliers that will move along into Poland.
Samsung Electronics is also reportedly reviewing setting up premium home appliance factory in Poland, Slovakia or Hungary.
Both LG and Samsung are seeking to establish its European production affiliates in one of the three Eastern European countries because the three newcomers to the European Union (EU) can be used as an effective bridgehead to advancing into Western European markets.
Labor cost is much lower in Eastern Europe in comparison to the Western Europe, thus its those three countries are excellent locations for Korean electronics heavyweights to set up production affiliates to avert hefty tariffs imposed by the EU on direct imports from Korea and other Asian countries.
The European white goods market is estimated to grow to $45 billion, up from $42 billion last year, accounting for one-third of the global white goods market.
Newspaper: Financial
News
Subject: Samsung Electronics and LG Electronics Focus Energy on R&D Center
Date: 07-Jul-2005
Samsung Electronics and LG Electronics are concentrating all their efforts to develop R&D centers.
As superiority in R&D emerges as a key to enhancing a company’s global competitiveness, the two leaders of electronics in Korea continue to transform themselves by establishing comprehensive R&D centers that combine all business areas.
Samsung Electronics is currently developing its Suwon Workplace, which was the Korean Mecca of electronics since the company’s foundation, into an “R&D base.” In Suwon, 64.7% of the entire workforce is engaged in R&D activities. Among 5 business areas of Samsung Electronics, researchers for home appliances and IT businesses, and the System-On-Chip research center of the Semiconductor Business are located in Suwon. In addition to the existing facilities, Samsung is building a new laboratory, whose construction will be complete in September.
Meanwhile, LG Electronics is relocating its mobile phone and digital appliances research centers to converge in the Guro Digital Complex. To house the currently dispersed research centers in a single place, LG has built the “Integrated Terminal Lab” earlier this year. LG is currently constructing a research belt which connects the Digital Complex in Guro, Electrical-Electronics R&D center in Woomyundong and Design Center in Kangnam.
Newspaper: Financial News
Subject: Signs of IT Recovery Detected…Samsung and LG Launch Aggressive Capital Investment
Date: 06-Jul-2005
Signs of a recovery in the IT sector are detected in many areas. Price hikes are expected in the DRAM sector, which is Korea’s flagship export item, as demands for memory chips increase in the second half of this year. The liquid crystal display (LCD) market is also improving with the prices of large-size panels rebounding. The mobile handset market, too, is expected to see considerable improvements late this year, although there is a concern that the global mobile phone growth rate for the second half of 2005 will fall to a single digit.
Accordingly, companies in related fields expand investments to prepare for an increase in demands in the near future.
Samsung has decided to invest 600 billion won to increase memory production including NAND flash chips. Hynix Semiconductor plans to commit a total of 2 trillion won to this year’s capital investments. The company has already made investments worth 1 trillion won earlier this year. LG Electronics is test-running the third plasma display panel (PDP) facilities in Gumi, Gyeongbuk Province, which will launch mass production next month.
Newspaper: The Korea
Times
Subject: LG to Set Up Euro Holding Firm
Date: 26-Jun-2005
LG Electronics will set up a holding company for its European operations by realigning 14 sales affiliates under a holding firm in August to expand its push into the world’s single largest economic bloc.
The establishment of a sales holding firm in Europe by LG Electronics follows the successful operation of LG Electronics China Holding Company, a holding firm supervising all sales, production and logistics operations in China set up in 1995.
LG’s board of directors has decided to transform LG Electronics Service Europe (LGESE), a logistics subsidiary positioned in the Netherlands, into a holding firm in charge of all European operations to create synergy in marketing activities.
The 14 other European sales and production subsidiaries will be rearranged under LGESE in August.
Under the plan, LG Electronics will hand over all stakes in the 14 European sales and production subsidiaries worth 8.46 million euros, or some 650 billion won, to LGESE.
``We decided to switch European sales units into a holding company structure as part of our localization efforts in overseas markets to reinforce our sales in Europe,’’ an LG Electronics spokesman said.
``We anticipate that closer and more systematic cooperation among European sales subsidiaries under a solid sales holding company system will create synergy and boost sales in the region,’’ he added.
LG Electronics said the realignment of European sales and production subsidiaries under the new holding firm system would not follow a sweeping change in functions of the 14 companies because LGESE has hitherto functioned as a de facto holding firm for its European sales operations.
``Nevertheless, there have been some glitches for it to effectively direct LG Electronics’ sales activities across Europe, thus we believe that turning LGESE into an official holding firm will remove such obstacles for smoother cooperation in marketing and sales activities,’’ the official said.
LG Electronics seeks to turn North America, China and Europe into launch pads to reach the goal of becoming one of the top three home electronics suppliers and a leading digital trendsetter by 2010.
The electronics company believes that bulking up in the European market is a must for it to join the ranks of the world’s top-tier electronic heavyweights such as General Electric of the United States.
``We’re not going to dismiss the possibility of setting up holding companies that will function as regional sales headquarters in other regions, including North America and Southeast Asia,’’ the spokesman said. ``But it is still early to discuss this possibility.’’
Thirteen subsidiaries that will come under the new overseas holding firm are LGEDG (Germany), LGEFS (France), LGEIS (Italy), LGEUK (U.K.), LGEMK (Hungary), LGEPL (Poland), LGECZ (Czech Republic), LGERO (Romania), LGESW (Sweden), LGEES (Spain), LGEPT (Portugal), LGEHS (Greece) and LGEAL (Belgium).
LG Electronics Wales (LGEWA), a production subsidiary of the Korean electronics giant, will also fall under LGESE’s command.
Newspaper: The Korea
Times
Subject: LG Launches Motion-Sensing Phone
Date: 26-Jun-2005
LG Electronics begins marketing new motion-sensing three-dimensional (3D) game phones on Monday.
The world’s fifth-largest mobile handset vendor said on Sunday that it will unveil the new SV360 model, a cutting-edge 1-million-polygon 3D game phone with a new motion-sensing feature.
The motion control sensor embedded in the handset translates movements of the phone through the air into actions and prompts a response on the screen.
For instance, on the SV360 handset, which unfolds to look like a handheld game device, gamers can play a skiing game in which they steer the course, go faster and go slower just by moving the handset around.
The phone boasts more vivid graphics compared to existing 200,000-polygon gaming phones. The polygon is the basic unit of the 3D images on gaming mobile phones.
SV360 is supported by a 3D graphic acceleration chip and features a 1.3 million-pixel digital camera, external memory card slot for extra memory and MP3 player and electronics dictionary functions.
Through TV-out cable, users can enjoy games and video-on-demand files downloaded via wireless Internet as well as view photos taken with the handset through giant TV screens as well, LG Electronics said.
SV360 will be available only to SK Telecom service subscribers and KV3600, the same model for KTF and LG Telecom service users, will hit the market early next month.
Video game enthusiasts appear to benefit most from the motion-sensing technology, as they will be able to have more fun by playing games with greater body movements, such as shaking, rattling and rolling, than conventional portable gaming consoles or game phones that limit the fun to the ``thumb thing’’ using just buttons and jog switches.
Newspaper: The Korea
Times
Subject: Samsung, LG Found to Cook Research Data
Date: 24-Jun-2005
South Korea’s top two electronics giants have deceived the news media and their customers by manipulating market research data to indicate they are No. 1 vendors in foreign markets, according to a market research firm.
Market researcher GfK Korea recently forwarded a letter asking for cooperation to double check the market rank or market share information in press releases distributed by Korean companies before publishing the news articles to business reporters at major newspapers and television stations.
The market research firm said its Korean corporate clients continue to breach the terms of agreement to not disclose the market research data without GfK’s endorsement, releasing the data to news media.
It noted that some domestic firms are intentionally omitting background information on the data provided by GfK such as the covered period, region or market and what kind of buying channels were used for collecting the data.
A GfK Korea official said the market researcher is having headaches due to Samsung Electronics and LG Electronics maneuvering its data and using it as a tool to make press releases as if they are No. 1 vendors in either sales or brand awareness in foreign markets.
Instead of delivering a hardcopy of market tally and analysis reports to their clients as do other global market research firms, GfK provides access to its computerized database that produce automated output from tables to its clients.
However, GfK claims that Samsung Electronics and LG Electronics are increasingly making ill use of the freedom to manipulate the data themselves provided GfK’s advanced data provision service in electronic format.
For instance, on May 21, LG Electronics distributed a press release that read it took up the largest share of the liquid crystal display (LCD) TV, LCD monitor, plasma display panel (PDP) TV, cathode ray tube (CRT) monitor, DVD player, home theater system and drum-type electric washer markets in Australia in 2004, citing GfK data.
In the afternoon, Samsung Electronics retorted LG Electronics’ claim, saying its cross-town rival’s press release was not true as GfK’s data showed that Samsung controlled 21 percent of the CRT monitor and 31 percent of the LCD monitor market in 2004.
Who’s telling a lie?
``They both are telling lies,’’ said the GfK Korea official on condition of anonymity.
``LG alleged that it has the largest market share for the seven items in Australia citing GfK’s data that included only retail sales of those products. Samsung on the contrary claimed that it commanded the largest share in CRT and LCD monitor markets in Australia by using a GfK’s data that counted only business-to-business (B2B) sales,’’ he added.
He said both companies are making absurd claims that they are the No. 1 vendor in specific consumer electronics market segments showing data that their market share is the biggest only in a fragment of the market.
The official said the GfK cannot tackle the problem by taking stern measures against ill-willed manipulation of its market data by Samsung Electronics and LG Electronics because they are two major clients of the market researcher.
``They are being impudent because they broke the agreement on using GfK’s data for only self-reference and manipulate and interpret the data to promote one’s own interest. What’s more funny is that Samsung and LG are blaming us for the bilateral conflict,’’ he said.
He said the two electronics giants should stop inventing new data by manipulating GfK’s data and using them under the name of GfK and avoid misleading customers by clearly stating necessary background information of the data.
GfK Korea is the Korean affiliate of the GfK Group, a Germany-headquartered leading global market research company with more than 120 subsidiaries, offices and participations in 57 countries.
Newspaper: The Korea
Times
Subject: LG Freed From Rigorous China's Product Quality Test
Date: 23-Jun-2005
LG Electronics will no longer have to go through rigorous product safety and quality test procedures conducted by the Chinese government for its export items.
The electronics giant said yesterday that the Chinese government has authorized its private test laboratories to self-run product quality and safety tests that conform to the China Compulsory Certification (CCC) standard.
LG Electronics vice chairman Kim Ssang-su and Sun Da Wei, deputy director general of the Certification and Accreditation Administration of China, signed the China Quality Certification Center (CQC) Testing on Manufacturer’s Premises (TMP) agreement yesterday at the LG Twin Towers in Yoido, central Seoul.
Under the agreement, LG Electronics can conduct product quality tests at eight test laboratories that received the CQC TMP certification in Seoul instead of sending the product and engineers to mainland China.
Testing at the supplier’s laboratory under the agreement can be attractive because it could be impractical or uneconomical to displace the test object from the supplier’s premises to the laboratories of the certification authority.
Moreover, the supplier’s testing facilities may be more suitable than those of the testing body, depending on the degree of specialization.
``When the agreement takes effect, we will be able to shorten the product certification period from two to three months to less than two weeks while trimming down the certification-related quality test costs by more than 50 percent,’’ LG Electronics spokesman Cho Chang-hyun said.
Therefore, the electronics heavyweight’s export profitability from shipments to China is forecast to improve in the latter half of the year and Chinese customers will be able to meet LG’s latest releases much faster.
The CQC TMP agreement took effect yesterday.
The CCC mark system is a product safety and quality certification system devised by the Chinese government to safeguard the rights and interests of Chinese consumers.
Since August 2003, all products shipped into China have to undergo a complicated and time-consuming CCC testing process, thus the system has acted as major cost burden for all foreign manufacturers and exporters seeking to sell products in mainland China.
China bans the sale and import of products that fail to obtain the CCC mark.
LG Electronics is second only to Samsung Electronics among Korean firms to acquire CQC TMP rights from the Chinese authority.
Newspaper: Financial
News
Subject: “Samsung·LG Convergence Phones Are Indeed Amazing!” Visitors Gasp at Communic Asia 2005 Exhibition
Date: 15-Jun-2005
Terrestrial and satellite digital multimedia broadcasting (DMB) phones of Samsung Electronics and LG Electronics became the most popular items at the “Communic Asia 2005 Exhibition” held in Singapore on June 14.
Samsung divided its 120-pyeong booth space into four distinct zones – Exciting Zone, Elegance Zone, Evolution Zone, and Luxury Zone. Terrestrial and satellite DMB phones as well as mega-pixel camera phones and MP3 music phones displayed at the Exciting Zone amused the eyes and ears of visitors.
LG Electronics, too, introduced various types of advanced phones including satellite DMB phones and 3G mobile handsets. LG arranged its exhibition booth into four sections – Business Manager, Holiday Partner, Style Partner, and Joy Club where the 360-degree swivel-type satellite DMB phone and ultra-slim 5 mega-pixel digital camera phone were displayed. In particular, visitors gasped at the three-dimensional game phone, which lets users play a game just by shaking the phone.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)