Key Developments: LG Electronics Inc (066575.KS)

066575.KS on Korea Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Rovi Corp And LG Electronics Inc. Expand Relationship With New Multi-Year Worldwide DivX Licensing Agreement
Tuesday, 26 Feb 2013 02:30am EST 

Rovi Corp and LG Electronics announced that they have agreed to renew a multi-year worldwide DivX license. In addition to renewing LG's long-standing support for DivX video playback in LG consumer electronics devices, the agreement also includes the licensing of DivX Plus Streaming for LG mobile devices.  Full Article

Hewlett-Packard Co Sells webOS Operating System To LG Electronics Inc-Reuters
Monday, 25 Feb 2013 07:23pm EST 

Reuters reported that Hewlett-Packard Co said it will sell the webOS operating system to LG Electronics Inc. Under the terms of their agreement, LG acquires the operating software's source code, associated documentation, engineering talent, various associated websites, and licenses under HP's intellectual property including patents covering fundamental operating system and user interface technology. Both companies declined to reveal the terms of the deal.  Full Article

LG Electronics Inc Issues FY 2013 Revenue Outlook Below Analysts' Estimates
Tuesday, 29 Jan 2013 11:34pm EST 

LG Electronics Inc announced that it expects the revenue for the fiscal year 2013 to record KRW 53.5 trillion. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of KRW 56,003.05 million for the fiscal year 2013.  Full Article

LG Electronics Inc Declares Annual Cash Dividend for FY 2012
Tuesday, 29 Jan 2013 03:57am EST 

LG Electronics Inc announced that its Board of Directors has declared an annual cash dividend of KRW 200 per share of common stock and KRW 250 per share of preferred stock for the fiscal year 2012 to shareholders of record on December 31, 2012. The dividend rates of market prices are 0.3% (common shares) and 1.2% (preferred shares), respectively. The total cash dividend amount is KRW 36,872,254,700.  Full Article

EU Fines LG Electronics Inc. And Other Makers of TV, PC Monitor Tubes EUR1.47 Billion In Cartel Probe-DJ
Wednesday, 5 Dec 2012 06:05am EST 

Dow Jones reported that Philips Electronics NV, Samsung SDI Co., Ltd. and Panasonic Corporation are among a group of seven companies fined EUR1.47 billion ($1.92 billion) by European regulators on Wednesday for operating a two-decade-long cartel in TV and computer monitor tubes. The European Commission said LG Electronics Inc., Philips Electronics NV and Samsung SDI participated in both cartels, while Panasonic, Toshiba Corp, MTPD, a Panasonic subsidiary and Technicolor, formerly Thomson participated only in the cartel for television tubes. Whistle-blower Chunghwa from Taiwan has received full immunity from fines as it was the first company to reveal the cartels' existence. Other companies received reductions of their fines for cooperating in the probe. The Commission said the two cartels were among the most organized cartels that it had investigated.  Full Article

WiLan Inc Launches Litigation Against LG Electronics Inc.'s LG Electronics U.S.A., Inc.
Thursday, 4 Oct 2012 06:30am EDT 

WiLan Inc announced that it has initiated litigation claiming patent infringement in the U.S. District Court for the Southern District of Florida against LG Electronics U.S.A., Inc. (LG) and related parties. The suit against LG claims infringement of U.S. Patent Nos. 6,359,654 and 7,034,889 related to digital TV and display technology. WiLAN will be represented by Kilpatrick Townsend & Stockton LLP.  Full Article

Whirlpool Corp And LG Electronics Inc Settle Refrigerator Patent Disputes
Friday, 28 Sep 2012 01:16pm EDT 

LG Electronics Inc and Whirlpool Corp announced that they have agreed to settle their respective patent infringement disputes related to refrigerators. This agreement, which concludes years of patent litigation between LG and Whirlpool, will result in the dismissal of three pending patent infringement lawsuits involving several LG and Whirlpool patents in the U.S. District Courts in Delaware and New Jersey. All other terms of the settlement are confidential.  Full Article


LG Electronics seeks fresh smartphone start in China with G3 launch

SEOUL - LG Electronics Inc will on Monday begin selling its latest flagship smartphone in China, a market where it has struggled to make a dent and that has become increasingly tough for makers of high-end handsets other than Apple Inc.

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