LG

LG
NIST Sector	Data
GICS Industrial	Technology Hardware & Equipment
Smart Tag(s)
Business type	Public
Year Founded	November 1958
Founder(s)	Koo In-hwoi
City, State	Seoul Korea
Country	Korea
Region Served	Worldwide
Executives	Kwang-Mo Koo Jo Seong-Jin Jung Do-Hyun I. P. Park
Revenue	KRW74.72 trillion$ 60.974 <br />€ 53.657 <br />£ 45.12 <br />CA$ 77.436 <br />CNY 385.962 <br />
Number of employees	83,000
Sponsorship Level	Of Interest

Members

LG Electronics Inc. is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea. LG Electronics is a part of LG Group, the fourth largest chaebol in South Korea, and often considered as the pinnacle of LG Group with the group's chemical and battery division LG Chem. It comprises four business units: home entertainment, mobile communications, home appliances & air solutions, and vehicle components. LG Electronics acquired Zenith in 1995 and the largest shareholder of LG Display, world's largest display company by revenue in 2020. LG Electronics is also the world's second largest TV manufacturer behind Samsung Electronics. The company has 128 operations worldwide, employing 83,000 people.

Activities

		GO-PS Gyeonggi Open Platform for SmartCity
		GO⋅PS is a smart city standard platform to utilize the element technology of the age of 4th Industrial Revolution as a means to solve urban problems. The Gyeonggi Province of Korea, along with Gyeonggi Research Institute (GRI) and Gyeonggido Business and Science Accelerator (GBSA), is currently creating and operating an industry-academia-related consultative body to create a sustainable business model. GO⋅PS matches companies, research institutes, and academics according to the demand of public urban matters, and uses its technologies, research works, and consulting methods to create solutions for problems and have them collected on the platform. The GO・PS is currently comprised of three large departments namely, Smart Transport, Smart Energy, and Smart Healthcare. (It is planned to be expanded with more departments in the future)
		Gyeonggi Provincial virtual power plant in Gyeonggi Open Platform for Smart city
		This is a project concept which is to create citizen-led, decentralized, local energy-based society that builds foundations on which the distributed resources (ESS, solar power) in the region that can proliferate profitable models which citizens invest, own, trade and operate. This is to create an urban energy storage based on the optimal ESS (energy storage) introduction feasibility analysis in accordance with Energy usage analysis (big data). This project intends to revitalize the energy production distribution resources through citizen-led photovoltaic power generation by developing photovoltaic energy on rooftop of the buildings along with development of photovoltaic energy in rural areas. It intends to create power trading ecosystem that utilize distributed resources such as energy management efficiency by utilizing energy use analysis and citizen-led photovoltaic prosumer.