LG Electronics reported Q3 revenue of KRW 23.827 trillion, up 8.9% YoY, and
operating profit of KRW 781.8 billion, up 13.5% YoY, below market expectations
of over KRW 1 trillion. Home appliances and auto parts remained stable, TV
benefited from OLED high-end demand and growth in emerging markets, while HVAC —
positioned as a new growth engine — saw margins compress due to higher expenses.
Seoul-listed shares fell more than 8% intraday after the results.