Table of Contents:
A year to remember for LG
2024 proved to be an extraordinary year for the South Korean group LG, which announced consolidated revenues of 87.73 trillion won, accompanied by an operating profit of 3.42 trillion won. These results not only represent a new record for the company, but they also mark an important milestone in its history, highlighting the company’s resilience and ability to adapt in a
constantly evolving market.
Growth supported by strategic divisions
LG’s growth was strongly supported by the performance of its key divisions, in particular that of household appliances and vehicle components, which recorded an increase for the ninth consecutive year. This positive trend was further fueled by the Home Entertainment division and the Business Solutions division, both with a significant increase in sales compared to the previous year. Product diversification and technological innovation have played a crucial role in achieving these results
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Winning strategy and focus on quality
According to the company’s official statements, this year’s exceptional results testify to LG’s winning strategy in diversifying and innovating its market sectors. The company has maintained a constant focus on the excellence and quality of the products offered, investing in research and development to meet the needs of modern consumers. This attention to quality and innovation has allowed LG to position itself as a leader in the sector, successfully facing the challenges of the global market
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Future prospects and market challenges
Looking to the future, LG is preparing to face new challenges and opportunities. With the technology industry constantly evolving, the company will need to continue to innovate and adapt to maintain its leading position. The outlook for 2025 looks promising, but it will be crucial to monitor market trends and consumer needs to remain competitive. LG’s ability to respond quickly to market changes will be critical to its future success.
