Tag: LG

Receiving Certification for ISO/IEC DIS 18974 Compliance, CompanyAims to Strengthen Competitiveness of Its Software-Based Businesses SEOUL, April 28, 2023 — LG Electronics (LG) recently earned industry-first recognition for its software supply chain security management system, receiving ISO/IEC DIS 18974 certification – the international standard for open source software (OSS) security management systems established by the Linux Foundation’s OpenChain Project. Comprised of a global network of companies, the OpenChain Project is a voluntary consultative body focused on building trust in the OSS supply chain. LG’s software supply chain security management system meets over thirty of the requirements stipulated by the OpenChain Project, including the establishment of internal policies relat...

Second Highest First Quarter Revenue, Strong ProfitabilityReflect Actions to Upgrade Business Portfolio and Advance Operational Efficiencies SEOUL, April 27, 2023 — LG Electronics Inc. (LG) today announced first-quarter 2023 revenues of KRW 20.4 trillion, the second highest first-quarter revenue, with operating profit of KRW 1.5 trillion, the third highest first-quarter profitability in company history. The record sales reflect the company’s actions to fundamentally improve its business structure and operational efficiency, while profitability was impacted by challenging global economic conditions. Most notably, the company’s business structure improved with its continuously expanding B2B segment and non-hardware business areas, such as content and services, which are achieving significa...

Complete with Next-Gen Cinematic Technologies, LG OLED TVs are Set to Uncover the Hidden Story and Shine Light on the Action of Prime Video’s Latest Hit Series SEOUL, April 26, 2023 — Starting this week, LG Smart TV owners worldwide can enjoy Citadel, Prime Video and Amazon Studios’ epic spy-thriller series and the latest global sensation in streaming television. With LG OLED TV’s self-lit technology allowing for deep blacks and life-like color, viewers are placed at the center of the action-packed Citadel universe and can enjoy the show with intended color, aspect ratio and frame rate, thanks to Automatic Filmmaker Mode.* LG OLED TVs also feature Dolby Vision® for stunning ultra vivid picture and incredible immersive Dolby Atmos® sound, which further elevate the cinematic experience. St...