Company Directory - LG Corporation
Company Details - LG Corporation
LG Corporation
WebsiteSeoul, South Korea
LG Corporation is a South Korean multinational conglomerate known for its diverse range of products and services, including electronics, chemicals, and telecommunications. They have established a strong global presence and focus on innovative technologies and sustainable practices.
CCI Score
CCI Score: LG Corporation
-16.27
Latest Event
LG Corporation's Potential Re-Entry into Russian Market
LG Corporation, which had previously exited the Russian market, is now among several foreign companies registering new trademarks in Russia, indicating a potential return. This move is seen as aligning economic interests with a regime known for its authoritarian policies.
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ENABLER
LG Corporation is currently rated as an Enabler.
Latest Events
- MAY312025
LG Corporation, which had previously exited the Russian market, is now among several foreign companies registering new trademarks in Russia, indicating a potential return. This move is seen as aligning economic interests with a regime known for its authoritarian policies.
- JAN012025LG Opens US Lobbying Office
-38.38
LG Corporation is set to open a lobbying office in Washington next year, following a high-profile legal dispute involving its battery division, LG Energy Solution. This move signals an intensification of its efforts to influence US policy, aligning with broader industry trends among South Korean chip companies.
-40
Political Contributions and Lobbying Efforts
May 31
LG's plan to establish a lobbying office in Washington indicates a strategic move to influence political decision-making in the US. From an anti-fascist perspective, this increased corporate political engagement can undermine democratic accountability and prioritize corporate interests over workers' rights and marginalized community protections.
South Korean chip companies step up US lobbying efforts - Financial Times
- JUN302024
LG Corporation, one of South Korea's top conglomerates, significantly increased its lobbying efforts in the U.S. Congress during the first half of 2024, as part of a $7.62 million aggregate expenditure by major companies. This move is seen as an effort to influence policy amid upcoming U.S. elections and changing regulatory landscapes.
-70
Political Contributions and Lobbying Efforts
May 31
LG Corporation's substantial lobbying expenditures in the U.S. are part of a strategic push to shape favorable regulatory outcomes ahead of the U.S. elections. This aggressive political engagement consolidates corporate power and risks undermining democratic accountability, aligning with authoritarian tendencies by prioritizing corporate interests over broader public welfare.
Samsung, SK, Hyundai Motor, LG Spent $7.62 Mil. Lobbying Expenditures in H1 in U.S.
- DEC312023
LG Electronics, a subsidiary of LG Corporation, increased its US lobbying spending from an annual $120,000 (during 2019-2022) to $240,000 in 2023, marking the highest level in five years. The increase was a response to a policy implemented to subsidize purchases of energy-efficient eco-friendly appliances under the U.S. Inflation Reduction Act.
-50
Political Contributions and Lobbying Efforts
May 31
The doubling of LG Electronics' lobbying expenditure represents an aggressive corporate effort to influence U.S. policy in a way that primarily serves corporate interests. From an anti-fascist and progressive perspective, such political spending can skew democratic processes and elevate corporate priorities over public welfare.
Major Korean Companies Spend Record Amount on Lobbying in US in 2023
- JUL282023
LG Electronics released its 2022-2023 Sustainability Report, detailing significant achievements in reducing greenhouse gas emissions, transitioning to renewable energy, and enhancing diversity, inclusion, and decent workplace practices as part of its ESG strategy.
+70
Business Practices and Ethical Responsibility
May 31
The report showcases LG's commitment to sustainable business practices, including aggressive carbon reduction, renewable energy targets, and a circular economy approach, reflecting strong ethical responsibility and commitment to social and environmental goals.
+65
Labor Relations and Human Rights Practices
May 31
The report includes strong emphasis on the '3Ds for People' initiative, which underscores efforts in promoting diversity & inclusion, accessible design, and the creation of a decent workplace. These actions support progressive labor practices and protect marginalized communities.
- MAR312023
OpenSecrets data indicates that LG Corporation allocated $525,000 for federal lobbying activities during a portion of 2023, reflecting an effort to influence US political processes.
-60
Political Contributions and Lobbying Efforts
May 31
LG Corporation's reported spending of $525,000 on lobbying in 2023 raises concerns about corporate efforts to shape regulatory and legislative outcomes in its favor. From an anti-fascist perspective, such activities contribute to undue corporate influence in politics, potentially undermining democratic processes.
- JAN012023
LG Corporation spent $525,000 on lobbying in 2023, as reported by OpenSecrets, highlighting its active engagement in influencing U.S. policy through corporate lobbying efforts.
-30
Political Contributions and Lobbying Efforts
May 31
The report reveals that LG Corp spent $525,000 on lobbying in 2023. This corporate spending to influence political processes is seen as reinforcing corporate power in policy making, which from an anti-fascist perspective raises concerns about the influence of corporate money on democracy.
- JAN012023
The Business & Human Rights Resource Centre has reached out to LG Electronics, a division of LG Corporation, seeking a response to allegations concerning human rights and labor practices. The inquiry raises questions about LG’s accountability in upholding worker rights and corporate responsibility.
-40
Labor Relations and Human Rights Practices
May 31
The inquiry by the Business & Human Rights Resource Centre highlights alleged shortcomings in LG's labor relations and human rights practices. The call for a corporate response indicates concerns over potential neglect of worker rights and accountability mechanisms, which is viewed negatively from an anti-fascist, pro-worker perspective.
LG Electronics (part of LG Corp.) - Business & Human Rights Resource Centre
- JAN012023
LG Electronics detailed its measures to protect stakeholders by implementing a robust sanctions compliance program and engaging in humanitarian aid efforts to support refugees. The company underscored its commitment to mitigating negative human rights impacts and ensuring ethical oversight of its supply chains.
+70
Labor Relations and Human Rights Practices
May 31
LG Electronics prioritized employee and stakeholder rights by emphasizing a proactive approach to identifying and mitigating potential human rights impacts through its sanctions compliance program. This demonstrates a strong commitment to labor relations and human rights practices.
LG Electronics response - Business & Human Rights Resource Centre
+40
Supply Chain Ethics
May 31
By gathering and screening major sanctions lists to assess the risk in its supplier and customer networks, LG demonstrates a responsible stance on supply chain ethics. This preventive measure helps ensure that the company avoids transactions that could support sanctioned entities.
LG Electronics response - Business & Human Rights Resource Centre
- MAY072019
A class action lawsuit alleges that LG Electronics U.S.A., Inc. engaged in wage violations by denying overtime pay and fostering a hostile work environment, including claims of gender-based discrimination and misrepresentation of managerial authority.
-70
Labor Relations and Human Rights Practices
May 31
The lawsuit outlines complaints of withheld overtime pay and a hostile work environment, including gender-based discriminatory practices. These issues highlight a failure in upholding fair labor practices and workers' rights, aligning with concerns in the Labor Relations and Human Rights Practices category.
LG Electronics Sued Over Alleged Wage Violations, Hostile Work Environment
- MAR012018
LG Electronics, part of the LG Corporation group, published its comprehensive Supplier Code of Conduct Guidelines (Version 3.0, March 2018) which outlines strict standards on labor rights, ethical practices, and human rights protections including prohibitions on child labor and forced labor. This policy reinforces ethical business practices and supports worker safety and human rights.
+80
Labor Relations and Human Rights Practices
May 31
The guidelines clearly demonstrate a commitment to protecting worker rights and ensuring ethical supply chain practices by outlining strict measures against child labor, forced labor, and unsafe working conditions. By instituting these measures, LG is taking a progressive, anti-fascist stance in supporting human rights and ethical business practices.
PDF LG Electronics Supplier Code of Conduct Guidelines - LG USA
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Corporate Financials
- Revenue
- 2023
- $71.00B
- Total Assets
- 2023
- $53.00B
- Operating Income
- 2023
- $4.00B
Industries
- 334220
- Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
- 334310
- Audio and Video Equipment Manufacturing
- 334413
- Semiconductor and Related Device Manufacturing
- 335999
- All Other Miscellaneous Electrical Equipment and Component Manufacturing
- 423620
- Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers
- 335121
- Residential Electric Lighting Fixture Manufacturing
- 335211
- Small Electrical Appliance Manufacturing