LG Electronics unveils value-up plans; begins Indian arm IPO process

Quick Summary:

It forecast its consolidated sales to rise to 100 trillion won ($72.5 billion) by 2030 from 84.2 trillion won in 2023 by beefing up subscription-based services and B2B businesses such as heat ventilation and air conditioning devices, automotive electronics products and smart factory systems.

LG Electronics's Indian operations logged its highest-ever sales, raking in more than 2 trillion won in first-half sales since it landed in the South Asian country three decades ago.

In a regulatory filing, the company said it aims to grow its corporate value by sevenfold by 2030 with an annual sales growth of 7% and an increase of operating profit margins to 7%.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: Economy

Markets: South KoreaIndia

Topics: Value Indian Unit Corporate Return Electronics Sales Operating Trillion Tuesday 2030

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 19:56:05 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 322 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 23200252

View Article Analysis

About Korea Economic Daily

Main Topics: Economy

Official Website: kedglobal.com

Year Established: 1964

Headquarters: South Korea

News Last Updated: 1 days ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

Publisher Details

Frequently Asked Questions