LG Electronics, Inc. was established in the year 1958 as the pioneer in the Korean consumer electronics market. The company is a major global force in electronics and information and communications products. With annual total revenues of more than US $16.9 billion (non-consolidated), LG Electronics comprises three main business companies: Digital Display & Media, Digital Appliance, Telecommunication Equipment & Handset.

Business Summary

Ever since LG Electronics has started its CDMA handset operations in 1996, the company has been consistently experiencing phenomenal growth year-on-year. In 2005, GSM (including UMTS) sales increased approximately 40 percent over the previous year to 25M units and CDMA sales increased to 30M units.

LG has carved a niche for itself for progressive technology and innovation with the release of some of the latest technological developments in consumer electronics, home appliances and IT products. It is currently the world's No.1 manufacturer of plasma display modules. LG Electronics' goal is to enable the intelligent networking of digital products that will make consumers' lives better than ever.

LG Electronics has established as a major international sports sponsor with partnerships including the LG Super Racing Weekend touring cars tournament in conjunction with Eurosport and the ICC cricket tournaments for example the ICC Trophy in England 2004 and the Cricket World Cup 2007. In 2005 LG are proud to sponsor all of ITV's Formula 1 coverage for the duration of the 2005 F1 season. For more information, visit the sponsorship page.

The Mobile Communications Company is the world's leading Mobile brand of UMTS (WCDMA), CDMA and GSM handsets, which have been designed to improve the value of customer lives. With a total range of wired and wireless solutions, the company is rapidly establishing a global presence and growing its international market share in 3G handsets.

The company ranked 4th in global mobile handset sales in 2005, according to the global market research agency, Strategy Analytics

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