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    A066570   KR7066570003

LG ELECTRONICS INC.

(A066570)
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End-of-day quote Korea Stock Exchange  -  2022-11-24
89700.00 KRW   -0.88%
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LG Electronics : Shares Insights, Presents Latest Vehicle Component Innovation at Autosens Brussels

09/15/2022 | 09:10pm EST

Company Discusses Latest Developments in Advanced Driver Assistance Systems
and Autonomous Vehicle Technologies at Global Conference in Belgium

SEOUL, Sep. 16, 2022 - LG Electronics (LG), a leader in the automotive components space, shared insights from its cutting-edge R&D work and introduced its latest in-vehicle solution at AutoSens Brussels this week. A global conference concerning Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicle (AV) technologies, AutoSens Brussels is held annually at the renowned Autoworld museum in the Belgian capital. 2022 marks the second year in a row that LG has been invited to present at the event.

Continuing LG's run of success, the company has been honored this year for its achievements in the Most Innovative In-Cabin Perception Application andMost Innovative Application or Deployment of Computer Vision categories. At last year's AutoSens Awards, LG was recognized with the Gold award in the Hardware Development of the Year category.

AutoSens Brussels is one of three major conferences organized by AutoSens, an international community of academics, engineers, scientists and auto-industry professionals formed in 2015 with a view to shaping the future of vehicle perception technologies. Moved to an online-only format due to the pandemic, the 2021 event saw LG and Mercedes-Benz jointly present their successful collaboration in ADAS camera technology.

At this year's conference - back at Autoworld, and returning to in-person attendance - LG introduced its latest cabin camera solutions and shared learnings from its prominent R&D program. During an informative panel discussion, Dr. Park Young-kyung, a Vision AI expert at LG, spoke about the company's innovative cameras for vehicles; offering his insight on topics ranging from LG's auto component product portfolio to its ongoing R&D work. To secure key technologies for the future, the company is applying advanced AI solutions to the cabin cameras that monitor inside the vehicle, responding to strengthened vehicle safety regulations and new demand for passenger convenience at the same time.

LG's cabin camera solutions have been successfully applied for both driver and passenger monitoring. And during his speech, Dr. Park shared the process of developing these integrated monitoring solutions, from the invention of new algorithms to the latest verification systems and camera management software that ensure its cameras are on the cutting edge of technology.

"Continuous R&D is the key to LG's ongoing success in the rapidly growing AV and ADAS solutions markets," said Eun Seok-hyun, the president of LG Vehicle component Solutions (VS) Company. "We are honored to have been asked to present at AutoSens again this year and will continue to offer our insight and support to industry bodies and expert communities who share our vision of future mobility."

# # #

Disclaimer

LG Electronics Inc. published this content on 16 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2022 01:09:02 UTC.


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Financials
Sales 2022 84 164 B 63,0 B 63,0 B
Net income 2022 1 741 B 1,30 B 1,30 B
Net Debt 2022 3 751 B 2,81 B 2,81 B
P/E ratio 2022 9,02x
Yield 2022 1,28%
Capitalization 15 354 B 11 501 M 11 501 M
EV / Sales 2022 0,23x
EV / Sales 2023 0,20x
Nbr of Employees 33 737
Free-Float 69,0%
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Number of Analysts 26
Last Close Price 89 700,00 KRW
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Joo-wan Cho President. Chief Executive Officer & Director
Bong Seok kwon Chairman
Byoung-hoon Kim Chief Technology Officer & Executive VP
Jong-Sang Lee Vice President, Head-Legal & Compliance Support
Dae-Hyung Kim Independent Director
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