LG Electronics Targets Higher Revenue from Key Global South Markets
- brg_news_room
- 1 day ago
- 1 min read
South Korea: LG Electronics said it plans to double its combined revenue from three key Global South markets, including India, Brazil and Saudi Arabia, by 2030. The company reported that revenue from these markets reached about US$4.3 billion in 2025, registering growth of over 20% compared with 2023 and outpacing overall global growth.
The company identified India as a central market supported by strong demand conditions and relatively low penetration of home appliances such as air conditioners, washing machines and refrigerators. LG Electronics also indicated plans to expand manufacturing capacity, increase exports and broaden its product portfolio across these markets, while aligning production and product development with regional requirements.
Source: Newsdrum
