Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

LG Electronics Inc. is a South Korean multinational electronics company. LG Electronics is a part of LG Group and comprises four business units: home entertainment, mobile communications, home appliances & air solutions, and vehicle components.

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
809
Assets(RF), mln.USD
643
Capital(RF), mln.USD
435
Glob.Revenue, mln.USD
64613
Staff(RF), 2021
2128
Taxes(RF), mln.USD
251
The Company Statement
June 23, 2023

LG Electronics is suspending all shipments to Russia and will continue to keep a close watch on the situation as it unfolds. The management of the South Korean LG is discussing the possibility of closing the plant in Russia (it produces refrigerators, washing machines and televisions) and transferring production to Uzbekistan at the Artel facility. The Polish plant of the South Korean LG began to install Smart TV software adapted for the Russian market on the TVs it produces. Russian online cinemas are pre-installed on the devices supplied by parallel import and there is support for the voice assistant "Alice".

January 30, 2024Samsung, LG Differ from Hyundai in Handling Russian Appliance Plants
December 07, 2023The Russian LG plant may be leased to the retailer DNS for the production of Chinese household appliances Konka
November 05, 2023Is LG a Russian company?
June 17, 2023The Ministry of Digital Development and the Ministry of Industry and Trade are discussing a ban on parallel imports of Samsung and LG smartphones
June 05, 2023TV sets for Russia will be assembled in Poland: LG plant in Mlawa began to adapt Smart TV to the Russian market
February 01, 2023Manufacturers of household appliances are trying to buy out the factories of companies that left the Russian Federation
October 21, 2022LG sharpened the skis
May 19, 2022LG Suspends Shipments to Russia
All company names used on this web page are for identification purposes only. All trademarks and registered trademarks are the property of their respective owners.
Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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