LG Electronics aims for KRW 10 trillion in B2B revenue by 2030

Philip Lee -

Seoul, South Korea - LG Electronics (066570. KS) announced plans to expand its Business-to-Business (B2B) operations, targeting annual revenue of KRW 10 trillion by 2030 for its Business Solutions (BS) Company.

Key points:

  • LG expects B2B to account for 45% of total sales by 2030
  • BS Company aims to double current revenue by 2030
  • The information display business has grown at 7% annually since 2019
  • LG MAGNIT revenue growth nearly doubled on average over the past four years
  • The company targets 8% of the U.S. fast charger market by 2030
  • Plans to become a global top-three medical monitor provider within five years

LG is strengthening its position in commercial displays, hospitality TVs, and emerging sectors like EV chargers and medical monitors.

The company opened a U.S. EV charger factory in Texas in January and offers six types of chargers, with plans to launch new models by year-end.

Since 2016, LG has expanded to over 50 countries in the medical monitor sector, achieving nearly double-digit annual growth in North America and Europe.

LG recently secured a four-year, EUR 10 million contract with France's public hospital IT purchasing center for medical monitors.