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    A066570   KR7066570003

LG ELECTRONICS INC.

(A066570)
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LG Electronics : UltraGear Named League of Legends European Championship Official Gaming Monitor Partner

01/11/2022 | 03:08am EDT

LG's World-Class UltraGear Gaming Monitors Team Up
With Europe's Best League Players for Regional Supremacy

SEOUL, Jan. 11, 2022 - LG Electronics (LG) is proud to announce its participation as the Official Display Partner of the League of Legends European Championship (LEC) for the 2022 and 2023 seasons. The agreement allows LG UltraGear™ gaming monitors to take center stage at the global competition to deliver ultra-smooth, ultra-responsive gameplay when the season kicks off on January 14.

Founded as the professional tournament for League of Legends organized by Riot Games in Europe, LEC is a competition in which ten skilled teams of five players each compete for supremacy in "League," the multiplayer battle arena hit that continues to be enormously popular ever since its launch in 2009. Throughout the tournament, LG will also be the sponsor of segments such as Replays and the must-see Match of the Week.

The new two-year partnership with LEC is expected to help LG further expand its already considerable presence in the global esports scene. The LG UltraGear brand's strong relationship with the gaming community was built up over the years through active engagement and cutting-edge products that address the needs of real gamers. Thanks to LG's display technologies that prioritize lightning-quick response time, accurate colors and superb contrast, LG UltraGear monitors have become a favorite with serious gamers everywhere, offering the 4K resolution display and Nano IPS technology with 1ms Gray-to-Gray (GTG) response time.*

"We are thrilled to be playing such a pivotal role in one of the world's most popular esports competitions," said Seo Young-jae, head of the IT business unit of LG Electronics Business Solutions Company. "We look forward to seeing our monitors put through their paces by LEC's top players so we can keep delivering products that meet the needs of the most demanding gamers."

Fans from around the world can keep up with all the action, including game broadcasts and up-to-date schedule information, at lolesports.com. Follow the official Twitter account @UltraGearGaming to take part in a social media event to win prizes including UltraGear products.

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* LG Model 27GN950.Graphic card supporting DSC required to display 4K 144Hz. For 1ms response time, Faster Mode must be enabled.

Disclaimer

LG Electronics Inc. published this content on 11 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2022 08:07:00 UTC.


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Financials
Sales 2022 81 223 B 64,9 B 64,9 B
Net income 2022 2 970 B 2,37 B 2,37 B
Net Debt 2022 2 209 B 1,77 B 1,77 B
P/E ratio 2022 6,05x
Yield 2022 1,22%
Capitalization 17 776 B 14 214 M 14 214 M
EV / Sales 2022 0,25x
EV / Sales 2023 0,20x
Nbr of Employees 33 749
Free-Float 69,0%
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Number of Analysts 27
Last Close Price 103 500,00 KRW
Average target price 161 851,85 KRW
Spread / Average Target 56,4%
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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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