What brand is LG?

LG is the acronym of Lucky Venus, which is the translation of Venus in Lexi. It is a brand founded by South Korea's LG Group on 1947 in Seoul, South Korea, located at No.20 Ruyi Road East, Yongdengpu District, Seoul. It is an international enterprise group leading the development of the world industry. At present, LG Group has set up more than 300 overseas offices in 17 1 countries and regions.

LG Group has set up 365,438+0 research centers in six countries around the world, and R&D investment has accounted for 5% of the group's total revenue. Through overseas research institutions, we are further strengthening our technical strength. Its subsidiaries are: LG Electronics, LG display, GS Caltex, LG Chemical, LG Life and Health, etc. , whose business covers chemical energy, electronic appliances, communications and services.

Development status of LG Group.

LG Chemical, a subsidiary of LG Group, is also famous. With the rise of the new energy vehicle market, the power source of electric vehicles-power battery has also ushered in development opportunities.

Among the global power battery companies, Matsushita of Japan, LG Chem of South Korea and SDI of Samsung are the most influential. Due to excellent product quality, sufficient output and low price, South Korea's LG Chem has always had long-term cooperative relations with many automobile brands such as Hyundai, Renault and GM.

At first glance, LG's electronic business is quite huge, but in fact, it has suffered losses. Although the revenue in 20 17 was 3.4 trillion won (about 3.05 billion US dollars), there were also operating losses exceeding10 billion won, and its performance was worse than that in 20 16 years. In the quarter of 20 18, there was also a loss of 1 700 million won.

In the panel business, LG Display(LG Display；; LGD) suffered its first loss in six years in the 1 quarter of 20 18, and the situation in the second quarter is still not optimistic; The decline in the profit of LCD business indirectly hindered the investment planning of organic light-emitting diode business, and the organic light-emitting diode business as the main business of LGD has not yet made a profit.

With the increasing demand of high-end consumer electronics products such as high-end TVs, smart wearable devices and smart phones, the market scale of organic light-emitting diode screens is also expanding. Some organizations predict that the global OLED panel market will reach 465,438+360 million USD in 2022. IHS predicts that the global organic light-emitting diode market will reach $25.2 billion this year, an increase of 63% over the previous year.

Baidu encyclopedia -LG group