LG Electronics, also known as LGE, is a publicly owned company headquartered in South Korea, founded in 1958 with approximately 56,120 employees. The company reported $62.8B in revenue as of 2025. It operates in Computers and Electronics Manufacturing, functioning as a consumer electronics conglomerate.
On March 15, 2026, LG Electronics reported a 5.6% increase in raw material costs in its 2025 filings, reflecting a broader trend in the electronics industry, with analysts warning that the Middle East conflict could further elevate logistics expenses. This follows concerns on March 14 regarding global inflation, worsening supply chain risks, and Middle East tensions, which have driven up oil and logistics costs, along with rising prices of key components like memory chips, prompting companies like LG to pursue cost reductions. Earlier on March 14, a consumer court directed LG to refund Rs 142,000, plus 6% interest, for an LED TV whose display stopped working within the warranty period. Also on March 14, LG announced it is adding support for Eclipsa Audio, a direct competitor to Dolby Atmos, to its 2026 TV lineup and providing it to select 2025 models through a free software update.
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