Employees number of LG Electronics 2023, by sector
LG Electronics is a major South Korean electronics manufacturer producing home appliances, automobile devices, home entertainment devices, and mobile phones. LG Electronics is part of the LG Corporation, one of the largest Korean conglomerates. As of 2023, LG Electronics employed around 34.4 thousand people, with over 10 thousand of them in the home appliances and air solutions (H&A) division. In the same year, the global revenue of LG Electronics amounted to about 63 billion U.S. dollars.
Home Appliances Take LG to the Top
The main products of the home appliances and air solutions (H&A) division are home appliances such as refrigerators, washing machines, air conditioners, and vacuum cleaners. LG Electronics’ home appliances were the best-selling products by sales value in the first half of 2019, beating out the long-time champion, Whirlpool. This success can be attributed to LG’s accomplishment in producing higher quality products and the development of new appliances such as special wardrobes that clean or deodorize clothes, wireless vacuum cleaners, and air purifiers. However, factors outside of LG’s control, such as the ongoing trade war between the United States and China, is expected to negatively impact LG’s future sales figures.
LG and the Top Korean Companies
LG was the fourth-ranking Korean company by revenue in 2021, according to the Fortune Global 500. With revenues of nearly 54 billion U.S. dollars, Fortune put LG Electronics in 192th place. Samsung Electronics was the top Korean company on the list, in 15th place with about 201 billion dollars in revenue.
