LG 2010 Annual Report Download

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Table of contents

  • Page 1

  • Page 2
    ... 12 Message from the CEO 16 Management Team 20 Better to Best 30 Value to Life 56 Heart to Heart 58 Environment 60 Global Social Contributions 62 Sports & Sponsorships 72 Financial Statements It goes as far back as 1959. It wasn't just that we made our home country's first radio; it was about the...

  • Page 3
    ... market, spent heavily on R&D, and took some daring chances with new business ideas. We didn't always get it right, but we had faith in our brand and our capabilities, and we built our company into a successful global enterprise. Today's LG is as questing and dynamic as its consumers. We intend to...

  • Page 4
    ... for the way we do business as much as for the way we develop the world's most insightful products. Our life-enhancing designs go beyond sophisticated looks to ensure that our products also excite the imagination of their users. The technologies embedded in everything that LG makes offer people the...

  • Page 5
    ... day; we make it intuitive, insightful, and bring it together in a convergent network that connects you to your world at the speed of thought. And then we turn it over to you, to let you adapt it to your life as only you can. Scan QR code to connect to LG Electronics' website. 06 07

  • Page 6
    ... for the intrinsic value that our products offer once they get inside their owners' world and become an essential part of their lives...product's owner. It's all about meeting practical needs along with spiritual needs, and achieving the perfect harmony of lifeenhancing design and insightful technology...

  • Page 7
    ...behind LG Electronics' proud history of enriching people's lives with cutting-edge technologies that change their world for the better. As we grew into a global leader, however, we learned that to be true to our corporate values, we had to act for the benefit of all members of society and the health...

  • Page 8
    ..., Business Partners, and Employees: "Let me take this opportunity to express my deepest gratitude for all your support, encouragement and determined efforts on behalf of LG Electronics." Over the past several months I have had the opportunity to visit many of our company's business sites, and...

  • Page 9
    ... services. We are backing up this promise by applying a rigorous quality management system based on the Six Sigma principles for quality improvement. I ask for you to share my belief in the power and potential of LG Electronics. Our brand is recognized and admired worldwide because of the creative...

  • Page 10
    ... and create new solutions to facilitate our business-to-business (B2B) operations and improve our business process management system. WITH CREATIVE AND EFFECTIVE STRATEGIES LG Home Appliance Company LG Air Conditioning & Energy Solution Company Young-Ha Lee President & CEO Throughout his...

  • Page 11
    ... financial operations. He is now focused on improving the corporation's cash flow and increasing profitability through business partnering. Young-Kee Kim Executive Vice President & Chief Relations Officer (CRO) Mr. Kim has played a leading role in developing LG's human resources management systems...

  • Page 12
    ... nd ith np wit ,a w g y i l d t s e ec orl de fre nn rw e ry r o u e o c yo Ev We lize m to in. . a s n t ag fu cia ap re so ad ng i o t d i LG xc d m n, an d e r an n ar a ne , le k e r e gr wo m e th t s e B TO r e t t e B

  • Page 13
    .... This is SHARING. It's about more than ENTERTAINMENT, It's about EXPLORATION. Internet CONNECTIVITY, SMART interfaces and uncompromising image QUALITY CES2011 Best of Innovations Award • CINEMA 3D Smart TV LW9800 seamlessly harmonize our world with yours. LG's award-winning products redefine...

  • Page 14
    in A BRIGHTER REALISTIC 3D. and CLEARER world iF Product Design Award 2010 • LG Optimus 7 Do more in fewer steps. LG collaborated with global partners to create an exciting new way to use smartphones: 'glance & go', scansearch, and the ability to act as a conduit for all entertainment devices...

  • Page 15
    ... environment CES 2011 Innovation Awards • LG Ultra Capacity SteamWasher™ LG blends smart technology and trend-setting design to create complete solutions for a clean, convenient home life. Using our world-first 6 Motion Direct Drive Technology, our eco-friendly washing machine with ColdwashTM...

  • Page 16
    ...Environment. 2009 & 2010 New Excellent Technology Award • Multi V III In various types and sizes of buildings, our energy-saving environmental solutions deliver world-beating performance. Building on the success of LG's residential air conditioning technology, LG's world-best Multi V â...¢maximizes...

  • Page 17
    ... m sele v m a u h to ns ly, we co ple ab n o e n e e i h h w rt rp sta t fo Only pe fo re su cts n e . u o o m om eeds we h rod . e p m v i n l LG g ur an ir o n h i t c e O t y t. th ch wi on ou log nri to d...ati o b e o v g a n o h in an Go re inn l tec nd G 's ca o L e h f p e u i g L w u ith es...

  • Page 18
    ..., batteryfree, lightweight glasses. Along with a brighter picture, ï¬,exible viewing positions and wide viewing angle, CINEMA 3D provides the perfect platform for watching 3D in groups with family or friends. Moreover, thanks to the advanced 3D conversion technology, any 2D TV content can be...

  • Page 19
    LG Electronics Home Entertainment Company is one of the world's leading pro- SIMPLE CONTROL OVER YOUR ENTERTAINMENT ducers of the full spectrum of home entertainment, such as LCD TV, Plasma TVs, home theater systems, Blu-ray disc players, monitors, projectors and much more. Our brand is seen as a ...

  • Page 20
    ... Zone App and, with Smart Share, users can wirelessly access content from their digital camera, mobile phone, tablet PC or other computers, and watch it all on the big screen. You can also search for online content through the TV's web browser. Smart TV Upgrader (ST600) 3D Sound Home Theater System...

  • Page 21
    INTO THE NEW DIMENSION LG Optimus 3D (LG P920) The world's most advanced smartphone features dual-core, dual-channel, dual-memory architecture and a full 3D experience. Speed-enhancing wireless technology loads web pages and applications faster than ever before to improve multi-tasking efficiency, ...

  • Page 22
    LG Electronics Mobile Communications Company, a global leader and innova- SMART BEYOND INNOVATION tor in the mobile communications industry, constantly sets new trends in mobile technology and helps enrich lifestyles around the world. With strong technology leadership in the mobile industry, LG is...

  • Page 23
    ... networking. Users can also stamp their own identity on the phone with a range of trend-setting colors. LG Optimus 3D (LG P920) LG Optimus 7 (LG E900) LG OPTIMUS CHAT (LG C550) | A funky QWERTY keyboard smartphone featuring a 2.8 inch QVGA screen, zooming operations for the browser and a super...

  • Page 24
    ..., ELEGANT, WORLD-LEADING TECHNOLOGY GREATER EASE OF REMOTE MANAGEMENT Smart Refrigerator Smart Manager helps you manage what's in your fridge, when it expires, and where it is. It recommends some good dishes you could make with it as well. Even when you're out shopping, Smart Manager lets you...

  • Page 25
    ...ogy to keep your home and our world healthier and greener. Enabled by Smart ien t Mo re S ThinQTM technology, LG's refrigerators, washing machines, dish washers, vacuum ile cleaners and cooking appliances empower you with the convenience of smart nt home solutions. UNBEATABLE PERFORMANCE Sm art...

  • Page 26
    ...dust. Water Purifier HOM-BOT 2.0 | The HOM-BOT 2.0, LG's smart robotic vacuum cleaner, brings smart technology to vacuum cleaning. Through Dual Eye Camera Sensors, the HOM-BOT 2.0 navigates floors more efficiently to make cleaning smarter and more convenient. Front Loading Washing Machine BUILT-IN...

  • Page 27
    ...& REFRESHING GREEN LIFESTYLE SOLUTIONS ARTCOOL Inverter V Our most innovative residential air conditioner ever is successful because it enhances your home's interior with its slim and attractive design. With high style and forward-thinking technology making it the perfect solution for a hot summer...

  • Page 28
    ... range from maximum power to maximum elegance. To complement our long-standing emphasis on energy-efficient, environmental technologies, we have expanded into building energy management, LED lighting and PLS lighting as next-generation growth drivers. AE AIR CONDITIONING & ENERGY SOLUTION COMPANY...

  • Page 29
    ... flexible system design. Paired with LG's advanced climate control solutions, MULTI V III represents the green future of commercial air conditioning. LED Flat Light THERMA V | LG's award-winning V2 injection technology is behind the industry-leading efficiency of Therma V's air-to-water heat pump...

  • Page 30
    g tin ec p res ur ns a ho e g t m hrou t -i s le ers y t s um life ns o s ' c ple ith eo tw p c g ne vin on o r c ort p to pp m i u y s n ilit to tha ab s e n e or iqu ectio h. s m a un c n nn ea tou co ve e m a e w s gy eh tho lives olo o. W e n s h se d eu tec ho we W w h . g ug in ies ple eo hro ...

  • Page 31
    ...an eye toward the needs of future generations, LG Electronics is actively expanding into green technologies such as solar power, LED lighting, total air conditioning HVAC and smart grid businesses. We have participated in a smart grid test bed project involving Korea, Germany and the US, and in 2010...

  • Page 32
    ... support for marginalized groups and community development. Staffs at our worldwide locations participate in Global Volunteer Day, blood donation campaigns, LG Hope schools and tree planting activities. In Korea, thousands of LG Electronics managers and emPromoting EnvironmEntal awarEnESS To promote...

  • Page 33
    ...this relationship through integrated marketing programs, promotional activities, retailer tie-ins, and print, broadcast, and online advertising. In January 2009, LG signed a multi-year deal with Formula 1â„¢ to be the racing series' global technology partner. Formula 1â„¢ represents the pinnacle of...

  • Page 34
    ...• Business Innovation Office Production Engineering • Research Institute 55,491 2009 55,754 2010 • Global Marketing Office Corporate Audit • • Home Ente rtainment • Mobile Communications Accounting standards of LG Electronics have been changed to meet IFRS (International Financial...

  • Page 35
    ... / MOBILE COMMuNICAtIONS COMPANy Don-hYung Kang SENIOr VICE PrESIDENt / CHIEf HuMAN rESOurCES OffICEr tae-Kil Kang SENIOr VICE PrESIDENt / HEAD Of COrPOrAtE AuDIt tEAM Young-ha lee PrESIDENt & CEO / HOME APPLIANCE COMPANy hWan-Yong nho PrESIDENt & CEO / AIr CONDItIONING & ENErGy SOLutION COMPANy...

  • Page 36
    ...Mexico City • LGEMI Miami • HEADQuArtErS • PrODuCtION • SALES • OtHErS • r&D DESIGN * As of 2010 (8 r&D Centers Globally) • LGEIL Pune LGSI Bangalore • • LGETH Rayong • LGEPH Manila • LG Electronics Guatemala Guatemala City C&S America Solutions Panama City • • LGEPS...

  • Page 37
    ...-largest supplier of mobile handsets market worldwide • Became Global Partner and technology Partner of formula One™ 2010 • unveiled the world's first and fastest dual-core smartphone, LG OPtIMuS 2x • unveiled the world's first full led 3D tV • unveiled the new E90 monitor, the company...

  • Page 38
    ... audit the financial statements of certain consolidated subsidiaries, whose financial statements reflect 45% and 39% of the Group's consolidated total assets as of December 31, 2010 and 2009, respectively, and 81% and 74% of the Group's consolidated total sales for the years then ended, respectively...

  • Page 39
    ... held for sale 1,944,162 85,000 7,001,962 525,046 1,814 5,872,420 1,079,099 5,030 16,514,533 Non-current assets Financial deposits Loans and other receivables Other financial assets Property, plant and equipment Intangible assets Deferred income tax assets Investments in jointly controlled entities...

  • Page 40
    ... operations Net sales Cost of sales Gross profit Selling and marketing expenses Administrative expenses Research and development expenses Service costs Other operating income Other operating expenses Operating income Financial income Financial expenses Income from jointly controlled entities...

  • Page 41
    ...Share of actuarial loss of associates Other comprehensive expense of jointly controlled entities and associates Cash ï¬,ow hedges Available-for-sale financial assets Currency translation differences Total comprehensive income (loss) Transactions with equity holders of the Parent Company : Dividends...

  • Page 42
    ... to be a company that stands for something. While meeting the demands of today's consumers for innovation, style, quality and value, we continually focus on our primary goal of making people's lives better. Life's Good with LG. Produced by hs ad / Created by intergram LG twin towers 20, yeouido...