LG’s revenue for 2022 reached a total of 83.5 trillion won – a jump of 12.9% compared to 2021, the highest figure in the company’s long history and crossing an incredible threshold – only in 2021 did it record revenue of over 70 trillion won for the first time, and a year later, while most Competitors are down or posting tiny increases, it’s up another 10 trillion won in revenue. In the operating profit section, it recorded 3.6 trillion won.
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The company attributed the increase mainly to two divisions: the household appliances division (refrigerators, ovens, dishwashers, washing machines, air conditioners, etc.), which jumped 10.3% to revenues of 29.9 trillion won thanks to demand specifically for the company’s most expensive electrical appliances, and the vehicle components division , which rose by 29.1% to 8.6 trillion dollars and constituted for the first time more than 10% of all LG revenues.