LG Electronics has unveiled a plan to increase global revenue from 2022’s $51 billion to about $79 billion by 2030 as it transitions to a “smart life solution company.” A big part of that will be through subscriptions to add-on services for its TVs and home appliances. The South Korean tech giant’s CEO William Cho said the idea is to get the LG smart system, webOS, onto more third-party brands. Cho outlined plans for a “platform-based service business model that continuously generates profits, such as content and services, subscriptions and solutions” across all product categories. Continue reading LG Unveils Plans to Turn webOS into Media and Ad Platform

With a focus on sustainability, accessibility and personalization across its offerings, LG Electronics debuted a suite of smart TVs and appliances. Company chief executive William Cho, who hosted a press conference at CES 2022 today in Las Vegas, emphasized “an enhanced lifestyle and a better future for all.” “We have stories about innovation and progress and also about values that never change,” he said. Futuristic products included CLOi, a door-to-door delivery robot and LG OMNIPOD, a mobile office for autonomous vehicles. Continue reading CES: LG Electronics Promises ‘The Better Life You Deserve’