066570.KS - LG Electronics Inc.
| Previous Close | 73,700.00 |
| Open | 74,200.00 |
| Bid | 76,700.00 x 0 |
| Ask | 76,800.00 x 0 |
| Day's Range | 74,100.00 - 77,000.00 |
| 52 Week Range | 58,800.00 - 104,500.00 |
| Volume | 1,093,600 |
| Avg. Volume | 970,373 |
| Market Cap | 13.046T |
| Beta (3Y Monthly) | 1.19 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | Apr 25, 2018 - Apr 30, 2018 |
| Forward Dividend & Yield | 750.00 (1.00%) |
| Ex-Dividend Date | 2018-12-27 |
| 1y Target Est | 93,867.00 |
Reuters•2 hours agoLG Electronics to shut South Korea phone plant, move production to Vietnam
LG Electronics Inc said on Thursday it would stop producing smartphones in South Korea and move manufacturing to Vietnam, joining global rivals in reorganising production as they battle a slump in global demand. The restructuring of its money-losing business comes as LG, once one of the world's top three mobile phone makers, has seen its global market share spiralling to less than 3 percent in the decade that smartphones came to dominate the mobile market. "I find its decision positive," said analyst John Park at Daishin Securities.
- Reuters•2 hours ago
LG Elec to shut S.Korea phone plant, move production to Vietnam
LG Electronics Inc said on Thursday it would stop producing smartphones in South Korea and move manufacturing to Vietnam, joining global rivals in reorganising production as they battle a slump in global demand. The restructuring of its money-losing business comes as LG, once one of the world's top three mobile phone makers, has seen its global market share spiralling to less than 3 percent in the decade that smartphones came to dominate the mobile market. "I find its decision positive," said analyst John Park at Daishin Securities.
- Reuters•21 hours ago
LG Electronics to suspend mobile phones production in South Korea this year - Yonhap
South Korea's LG Electronics plans to suspend manufacturing of its loss-making mobile phones in the country this year and shift the production to its existing plant in Vietnam, Yonhap News Agency said on Wednesday. Citing an unidentified source, Yonhap reported that LG decided to move its local handset production to Vietnam to help turn around the money-losing smartphones division. LG Electronics declined comment on the report.
Reuters•21 hours agoLG Electronics to suspend mobile phones production in South Korea this year: Yonhap
South Korea's LG Electronics plans to suspend manufacturing of its loss-making mobile phones in the country this year and shift the production to its existing plant in Vietnam, Yonhap News Agency said on Wednesday. Citing an unidentified source, Yonhap reported that LG decided to move its local handset production to Vietnam to help turn around the money-losing smartphones division. LG Elec declined comment on the report.
Reuters•20 days agoLG Elec sees lower profit as mobile business stays in red, shares slip
LG Electronics Inc's operating profit likely fell by a smaller-than-expected 19 percent in the first quarter, even as losses in its mobile business and rising competition in the television segment pushed its revenue down to below consensus. Shares of the South Korean firm trimmed earlier gains after the news and turned down as much as 1.5 percent on Friday, in a broader market that was up 1.2 percent. The second-biggest TV set maker in the world, after Samsung Electronics Co Ltd, estimated an operating profit of 899.6 billion won ($792.77 million) for the January-March period, versus 1.1 trillion won a year earlier.
- Reuters•21 days ago
South Korea rolls out 5G services on phones, in race with U.S. and China
South Korea will become one of the first countries to commercially launch fifth-generation (5G) services as it rolls out on Friday the latest wireless technology with Samsung Electronics' new 5G-enabled smartphone Galaxy S10. With one of the world's top smartphone penetration rates, South Korea is in a race with China, the United States and Japan to market 5G, hoping the technology will spur breakthrough in fields such as smart cities and autonomous cars, and drive up its economic growth that slowed to a six-year low in 2018. "It is meaningful that South Korean telecom companies are providing services and networks meeting South Korean customers' high standard in speed and picture quality," Ryu Young-sang, executive vice president at the country's top mobile carrier SK Telecom, said on Wednesday.
- Reuters•last month
Rakuten TV to expand movie streaming to 42 European countries
Japanese e-commerce firm Rakuten plans to expand its video-on-demand streaming service to 42 European countries, partnering with leading smart TV makers to offer movies in high-definition at the push of a remote-control button. The move positions Rakuten TV as a niche player offering 'cinema at home' to viewers who typically pay 4.99 euros ($5.64) to watch a recent Hollywood release, alongside streaming giants Netflix and Amazon Prime Video. All three have branded buttons on remote controls of internet-enabled smart TVs made by firms such as Samsung Electronics, LG, Philips and Hisense.
- Reuters•2 months ago
LG unveils dual-screen 5G smartphone and touts biometric breakthrough
South Korea’s LG Electronics unveiled a 5G smartphone on Sunday with a dual screen, the latest handset maker to pitch a new design feature in an effort to revive flagging sales. LG, the world's No.7 smartphone maker, saw its sales decline by a quarter last year as Chinese rivals Huawei Technologies and Xiaomi grabbed market share in a slightly weaker global market. Both announced 5G phones in Barcelona on the eve of the Mobile World Congress, the telecoms industry's main annual get together, with Xiaomi pitching a $680 model and Huawei smashing the price ceiling with $2,600 folding phone.
- Bloomberg•2 months ago
Europe's Giant Tech Show Packs Hits, and Plenty of Flops
The world’s biggest telecommunications trade show starts Monday, perpetuating a 30-year-old tradition intended to celebrate Europe’s pivotal role in the genesis of the mobile industry. At this year’s MWC Barcelona, formerly known as Mobile World Congress, Microsoft and Huawei are expected to steal the show by unveiling new products. In 2018, Samsung was the headliner, and Huawei the year before.
- Thomson Reuters StreetEvents•3 months ago
Edited Transcript of 066570.KS earnings conference call or presentation 1-Feb-19 12:00am GMT
Q4 2018 LG Electronics Inc Earnings Call
Reuters•3 months agoLG Electronics' fourth quarter profit plunges as rivals crowd TV business
SEOUL (Reuters) - South Korea's LG Electronics Inc posted its slowest quarterly profit growth in two years on Thursday citing higher marketing costs and tougher competition in the television business. ...
- Bloomberg•3 months ago
LG to Supply Gesture-Reading System for Mercedes-Benz, Sources Say
A camera installed in the car ceiling will read the driver’s hand gestures, letting them control tasks such as turning on cruise control and adjusting music volume. BMW has already deployed a similar system in its 7 Series sedans, using technology from Softkinetic Systems, which was later bought by Sony Corp. LG already has a deal with Mercedes for a camera system that can tell if the driver is drowsy. A Jan. 8 news release by Mercedes-Benz from CES in Las Vegas showcased a new feature called MBUX Interior Assist, which lets occupants of the Mercedes-Benz CLA Coupe control functions with gestures.
Reuters•4 months agoLG Electronics sees 80 percent drop in fourth-quarter profit; analysts point to thinning TV margins
The world's second-biggest television set maker behind compatriot Samsung Electronics Co Ltd estimated profit of 75.3 billion won ($67.03 million) for October-December last year. LG did not disclose further details of fourth-quarter operations and will announce full results at the end of January. Analysts said likely causes included profit margins for its high-end TVs being thinned by increasing competition, while the firm's smartphone business continues to lose money.
- TheStreet.com•4 months ago
Samsung Q4 Profit Forecast Disappoints as Smartphone and Memory Markets Slow
shares fell sharply in Seoul Tuesday after the world's biggest smartphone maker forecast weaker-than-expected fourth quarter profits, citing a slowdown in China demand that triggered a shock sales warning last week from U.S. rival Apple Inc. Samsung said profits for the three months ending in December would likely come in at around 10.8 trillion Korean won ($9.67 billion), well shy of the market consensus of 13.2 trillion won. Group sales, Samsung said, would likely fall 11% to 59 trillion won when the company provides detailed metrics of its fourth quarter earnings later this month.
- Bloomberg•4 months ago
LG Plans to Sell TVs That Roll Up Like Posters in 2019
LG is counting on so-called “rollable” and OLED televisions to revive a consumer electronics business that’s grappling with price declines and stiffening Chinese competition. OLED TVs are estimated to account for just 1.1 percent of the market this year, while LCDs claim almost 98 percent, according to data tracker Statista.
LifeMinute.TV Videos•last monthMatthew Morrison, Instagram Star Donté Colley and 400 Others Dance Atop WTC for International Day of Happiness in NYC
To kick off International Day of Happiness LG Electronics gave the phrase 'happy dance' a whole new meaning this week, hosting a first of its kind happiness event atop the World Trade Center. The event was complete with celebs, internet stars, pop-up stations and New York City school kids all to celebrate the LG Experience Happiness Initiative and to help people focus on achieving their own happiness goals.
- Fox Business Videos•3 months ago
5G will start this year and continue to grow stronger: LG Electronics president
LG Electronics President Dr. I.P. Park, during an exclusive interview with FOX Business’ Liz Claman, discussed the future of 5G, the companies new partnership with Apple and his outlook for CES 2019.
- Fox Business Videos•3 months ago
LG Electronics president: We're building US factories so we're not buried by tariffs
LG Electronics President Dr. I.P. Park discusses how President Trump’s tariffs are affecting his business and addresses the concerns surrounding the growth of AI.
Reuters Videos•4 months agoLG Electronics sees 80 pct drop in Q4 profit
South Korea's LG Electronics said on Tuesday its fourth-quarter operating profit likely plummeted 80 percent from the same period a year earlier, falling well below analyst expectations. Laura Frykberg reports.
- Bloomberg•4 months ago
LG Electronics CTO Park Says 5G Will Be a 'Turning Point'
Jan.07 -- LG Electronics Inc. President and Chief Technology Officer I.P. Park talks about the state of the global technology industry, the company's strategy and products. He speaks from the sidelines of the Consumer Electronics Show in Las Vegas with Yvonne Man, Rishaad Salamat and Haslinda Amin on "Bloomberg Markets: Asia."
