LG NAMED WORLD’S SEVENTH MOST INNOVATIVE COMPANY

A supply chain revolution at LG is paving the way for lower procurement costs and new innovative processes to create world-class products. LG Electronics has been named the 7th most innovative company in the world, jumping 20 places in just one year, according to BusinessWeek’s 50 Most Innovative Companies list for 2010. The ranking, based on both financial performance and the views of senior executives from around the world, reflects the success of recent LG innovations such as those in supply chain management, which are now saving approximately THB 64.68 billion (USD $2 billion) a year and reducing procurement costs by 21 per cent, while at the same time increasing supplier satisfaction. Mr. Hyun Woo (Howard) Lee, Managing Director, LG Electronics (Thailand) Co. Ltd. said that this supply chain revolution is evidence of LG’s strong commitment to innovation within every aspect of its business, both in processes and products. “LG’s vision is to be the world’s best at enriching lives through innovation and we do this by creating stylish, reliable products using the latest smart technology. It is also crucial that we apply this innovation internally, so taking a strategic approach to procurement is a great way to achieve this,” said Mr. Lee. LG’s innovation – in both its products and processes - has earned praise from other leading bodies. For process innovation, the Institute for Supply Management recognized LG with the 2010 R. Gene Richter Award for Leadership and Innovation in Supply Management. From a product perspective, LG’s mobile handsets were recently awarded nine accolades by the Red Dot Design and iF Awards, two of the most prestigious events in the world of product design. The Red Dot Design awards also recognized LG’s LX9500, the world’s first Full LED 3D TV. The company has also experienced local success, such as being recognized as a Reader’s Digest Trusted Brand across several markets in Asia for the last four consecutive years. “Thailand is one of LG’s 15 strategic countries worldwide and will play a key role in achieving our goal of becoming the world’s number one consumer electronics brand by 2012. As well as investing heavily in our Thai operations – including THB 2 billion for manufacturing and marketing this year – We constantly strive to use innovation as a means of improving our processes and ultimately delivering world-class products,” said Mr. Lee. Two such products are the LG Steam? Inverter Direct Drive washing machine and the INFINIA? series of LED TVs. Exemplifying true innovation, both products are world firsts: the LG Steam? Inverter Direct Drive washing machine as the world’s first front load washing machine with steam technology, and the INFINIA as the world’s first Full LED Slim TV. In both instances, these titles have also come with significant benefits for the consumer: the LG Steam? Inverter Direct Drive technology because it provides 99.9% protection from dust mites and other irritants, and the INFINIA which utilizes local dimming to promise deep levels of black and a more immersive viewing experience. Both products also offer significant energy savings compared with conventional models. To find out more about LG’s innovative product range, please visit www.lg.com/th and for further information about BusinessWeek’s Most Innovative Companies research, please visit www.businessweek.com/magazine/toc/10_17/B4175innovative_companies.htm About LG Electronics Thailand LG Electronics (Thailand) Co., Ltd. is a leader and technology innovator in consumer electronics and mobile communications. LG’s vision is to become the leading electronics and mobile phone brand – the world’s best at enriching lives through innovation. LG Thailand comprises of five business units – Home Entertainment, Mobile Communications, Home Appliance, Air Conditioning and Business Solutions. LG is one of the world’s leading producers of flat panel TVs, audio and video products, mobile handsets, air conditioners and washing machines. LG aims at delivering products that come with stylish design and smart technology, with marketing programs under the concept “Life’s Good” For the latest information about LG news and activities, please visit www.lg.com/th. For further information, please contact: Suphada Chaiwong LG ONE Thailand Phone: 0-2252-4166 (Ext. 209) Email: [email protected] Click for photo release at www.thaipr.net

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