LG Electronics aims to double BS division sales by 2030

(LG Electronics)

LG Electronics Inc. plans to double its sales from the business solutions (BS) division by 2030 as it moves forward to diversify its revenue sources.

“We aim to be a trusted business partner, providing tailored services and unique solutions to business customers,” said Jang Ik-hwan, head of LG Electronics‘ BS division.

His remarks were made during a press conference at LG Digital Park in Pyeongtaek, Gyeonggi Province.

The BS division is a rapidly growing sector within LG Electronics, with the company focusing on sectors such as electronics, HVAC systems, built-in appliances, and smart factory solutions.

Its sales accounted for 35 percent of the entire sales in the first half of 2024.

LG Electronics will aim to raise the share of its business-to-business solutions sales to 45 percent.

LG Electronics plans to expand its display offerings customized to specific spaces, with a focus on premium fine-pitch LED signage.

LG Magnit, a next-generation micro-LED display, comes in various types, including all-in-one meeting room displays, virtual production displays, and detachable power supply unit (PSU) options.

The company also set a goal to become one of the world’s three largest makers of medical monitors by 2029.

Medical monitors are premium, high-value products that demand exceptional image quality, accuracy, and reliability to meet standards for medical devices and medical imaging systems worldwide.