A merger has been finalized between LG Electronics and LG Information & Communication.
The merged company, LG Electronics, (LGE) will emerge as a giant in the electronics and information industry with this year’s sales expected to be $16 trillion, and shares reaching 174 million.
Shared technological know-how and R&D will enable the development of products that combine features of digital consumer electronics and information terminals.
With the Home Network Business centering on digital TVs and the Mobile Network Business led by mobile handsets and IMT-2000, the company has a strong foundation in the digital business.
The new economic strength will ensure investment in cutting-edge fixed and wireless communication, and overseas advancement of CDMA products.
LGE will add wireline wired/wireless handsets, systems and other information and communication businesses with high growth potential to its existing businesses.