LG Electronics is part of the LG Group: LG Corp., the group's holding company, owned 32% of it at the end of 2025. It makes televisions, home appliances and vehicle components, and closed its phone business in 2021.
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LG Electronics no longer makes phones, and the way it left is worth recording because the company spent two decades helping define what a phone was. It shipped some of the most inventive hardware anyone made - the second screen on the V series, the modular G5, the wide-angle camera that everybody else eventually copied - and could not turn any of it into a sustainable position against Samsung and Apple.
On 5 April 2021 it announced it was closing the mobile business worldwide, and the division was wound down by 31 July. Reported losses over the preceding 23 consecutive quarters came to around USD 4.5 billion.
What remains is substantial. LG is one of the largest television manufacturers in the world and the main producer of OLED panels for televisions, including panels sold to competitors. It makes home appliances, air conditioning, and a growing business in electric vehicle components. The company was founded in 1958, originally as GoldStar, and is headquartered in Seoul.
Who owns LG Electronics? It is a listed company that belongs to the LG Group. LG's investor relations site shows that, as of 31 December 2025, LG Corp., the group's holding company, owned 32% of LG Electronics, domestic investors 37% and foreign investors 31%.
What does LG Electronics make now? Televisions, home appliances and air conditioning, and vehicle components. LG Televisions, LG Home Appliances and LG Vehicle Solutions each have their own page on Brandligo.
What this company states about how it works. Figures carrying a source were checked against the page they link to; the rest are the company's own.
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