LG Business Solutions, a publicly owned company founded in 1999 and headquartered in South Korea, primarily focuses on digital signage and professional displays. As of 2023, the company employed approximately 10 people and generated less than $1 million in revenue. While its parent company, LG Electronics, offers a broader range of products including IT solutions and smart home/healthcare technologies, LG Business Solutions' core business centers on commercial display technology.
LG Electronics installed a large LED scoreboard at Fenway Park, home of the Boston Red Sox, on April 6, 2024, as part of a plan to grow its global sports entertainment business. LG Electronics also supplied display solutions, including the main scoreboard, to Fenway Park. Separately, LG Electronics expanded operations in Silicon Valley to improve its webOS smart TV platform, focusing on content and services for its premium TV business. This initiative is led by Director Moon Bo, recruited from Samsung Electronics in 2023.
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LG Business Solutions offers 2 products in the pro AV industry. LG Business Solutions's product portfolio comprises of digital signage and professional display.
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LG Business Solutions's revenues were $296502.4 in 2023. Caretta Research has split LG Business Solutions's revenue into 2 different product categories, the largest of which is signage media players, which represents 50% of LG Business Solutions's revenue.
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