Magazine article Economic Review

At LG - Life Continues to Be Good!

Magazine article Economic Review

At LG - Life Continues to Be Good!

Article excerpt

LG Electronics, Inc. is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 84,000 people working in 115 operations including 84 subsidiaries around the world. With 2008 global sales of $44.7 billion, LG comprises of five business units - Home Entertainment, Mobile Communications, Home Appliance, Air Conditioning and Business Solutions. It is one of the world's leading producers of flat panel TVs, audio and video products, mobile handsets, air conditioners and washing machines. LG has also signed a long-term agreement to become both a Global Partner and a Technology Partner of Formula 1[TM]. As part of this top-level association, LG acquires exclusive designations and marketing rights as the official consumer electronics, mobile phone and data processor of this global sporting event.

The LG Electronics Mobile Communications Company is a leading global mobile communications and information company. With its cutting-edge technology and innovative design capabilities, LG creates handsets that provide an optimized mobile experience to customers around the world. LG is pursuing convergence technology and mobile computing products, while continuing its leadership role in mobile communication with stylish designs and smart technology.

In 2009, the company once again broke its own sales records thanks to strong performances by its messaging phones in North America and its innovative touch phones worldwide, as well as robust growth in Europe and emerging markets. Selling 117.9 million handsets over the year, a 17 percent increase over 2008, LG significantly increased its share of the global mobile market, staking a firm position among the world's top 3 handset providers. Its momentous achievements in 2009 show that, LG is firmly on track to become a top 2 global handset maker by 2012. …

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