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Industry
LG Electronics unveils integrated vehicle communication module solution at MWC
LG Electronics will unveil a next-generation smart telematics solution at MWC 2026 in Barcelona that combines a vehicle telematics control unit and antenna into one module, it said on Tuesday. The company said it is taking part in the event to strengthen strategic cooperation with automakers and telecom operators and will run a private booth for B2B customers. It said the design reduces signal loss and improves processing and security.
Industry
LG Electronics posts Q4 operating loss of 109.0 billion won, swings to deficit
LG Electronics swings to an operating loss in the fourth quarter after reflecting costs related to a companywide voluntary retirement programme, though annual revenue hits a record. The company reports fourth-quarter revenue of 23.8522 trillion won and an operating loss of 109.0 billion won. For 2025, revenue rises 1.7 percent to 89.2009 trillion won, while operating profit falls 27.5 percent to 2.4784 trillion won.
Industry
LG Electronics sets up CEO-led companywide innovation control tower
LG Electronics said it will pursue profitability-based growth by strengthening quality, cost and delivery competitiveness and boosting R&D and technology leadership. CEO Ryu Jae-cheol said the company must move faster than rivals to secure business leadership. The company created a CEO-led innovation control tower to track targets and progress by business area. It plans to accelerate a shift toward B2B, non-hardware and online businesses, redefine work through AI transformation and raise productivity by 30% within 2 to 3 years.