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    A066570   KR7066570003

LG ELECTRONICS INC.

(A066570)
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LG Electronics : RACKS UP 31 RED DOT DESIGN AWARDS

04/13/2021 | 09:07pm EDT

Recognized Again for Excellence in Product Design by Industry Experts

SEOUL, Apr. 14, 2021 - LG Electronics (LG) has once again been recognized for its strength in consumer and industrial design, earning an impressive 31 product design accolades at this year's Red Dot Award, one of the design industry's top honors. Introduced at CES 2021, LG's designer appliances was honored with 5 awards which includes InstaView® Door-in-Door® refrigerator, Fridge and Freezer pair, CordZero stick vacuum, air conditioner and Styler.

Among the most meaningful is the honor bestowed upon LG designer appliances in the Materials and Surfaces category for their implementation of color, material and finish (CMF). Introduced as a bold reimagining of conventional appliances, LG's designer appliances is a melding of technologically advanced home appliances with premium materials that can be customized to meet the specifications of each customer. Materials such as stainless steel, glass, metal and FENIX - an innovative material with advanced coating technology developed by Arpa Industriale - are utilized to illuminate the refinement of each product in the collection.

Other honors include recognition for LG WashTower™, a single-unit, vertical laundry solution that frees up more floor space while handling ultra-large loads, for exceptional design. Beyond home appliances, a number of LG's computer products such as UltraGear™ gaming monitor and LG gram were commended for their advanced, sleek designs that exemplified the products' core values.

The Red Dot Design Award is one of the three most prestigious professional design competitions in the world and the distinctive mark has become established internationally as one of the most sought-after seals of quality for exceptional design. This year some 7,800 products were submitted for the jury's consideration.

'As a brand that strives to deliver quality products with exceptional design, it is always a great honor to receive recognition from Red Dot,' Lee Chul-bae, head of LG Electronics' Corporate Design Management Center. 'LG is devoted to meeting consumers' desire to enhance the quality of space with high-quality products that also look good and we will continue to pursue innovative designs that deliver on these expectations.'

# # #

Disclaimer

LG Electronics Inc. published this content on 14 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2021 01:06:07 UTC.


© Publicnow 2021
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Financials
Sales 2021 70 395 B 63,4 B 63,4 B
Net income 2021 2 648 B 2,38 B 2,38 B
Net Debt 2021 2 920 B 2,63 B 2,63 B
P/E ratio 2021 10,1x
Yield 2021 0,76%
Capitalization 26 176 B 23 526 M 23 558 M
EV / Sales 2021 0,41x
EV / Sales 2022 0,37x
Nbr of Employees 85 905
Free-Float 69,0%
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Mean consensus BUY
Number of Analysts 30
Average target price 204 366,67 KRW
Last Close Price 153 000,00 KRW
Spread / Highest target 83,0%
Spread / Average Target 33,6%
Spread / Lowest Target -22,9%
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Managers and Directors
NameTitle
Brian Kwon Chief Executive Officer
Il-Pyung Park Chief Technology Officer
Jong-Sang Lee Vice President, Head-Legal & Compliance Support
Joon-Geun Choi Independent Director
Dae-Hyung Kim Independent Director
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