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Company Ending Solar Panel Production and Sales,
Committing More Resources to Growth Business Areas

Logo of LG Electronics

SEOUL, Feb. 23, 2022 – LG Electronics Inc. (LG) is closing the solar panel business. The decision was approved by the board of directors last night. The decision comes as uncertainties in the global solar panel business continue to increase due to a variety of contributing factors, including the intensification of price competition and the rising cost of raw materials.

LG will continue to stand behind its brand and the company will maintain support for customers of existing LG solar panels for a period of time after the business’s closure has been completed. Solar panel production itself will continue until the second quarter this year to maintain adequate inventory for future service support.

LG’s Business Solutions (BS) Company, which operates the solar panel business, will reorganize its portfolio around the key pillars: Information Technology (IT) and Information Display (ID). The company aims to accelerate growth with its diverse lineups of advanced products and tailored services.

Going forward, LG will leverage its renewable energy expertise to unlock value for its customers. The company will concentrate on growth sectors and plug into a new era of sustainability through rapidly evolving products and solutions including Energy Storage System (ESS), energy management solutions and other yet-to-be-announced advancements.

Employees who will not be continuing with LG will be offered transition support and severance packages commensurate with their tenure with the company.

The closure of the solar panel business is expected to be completed by June 30.

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    • Solution For That Pollution
    • By News Reporter
      LG UltraWide Monitor (model 34BA85QE)1
      Note: This article is for informational purposes only and does not provide medical advice. It is not intended to replace a professional medical diagnosis or treat any medical condition.
      As time spent in front of PCs and monitors increases, so too do health concerns stemming from poor ergonomic settings, such as eye strain, wrist pain, headaches, sore neck and more. A
      link hidden, please login to view indicates that up to 63 percent of office employees experience neck pain,2 inhibiting them from achieving peak performance and remaining motivated throughout the work day. To address these challenges, workers using monitors for extended periods should adopt preventive measures to safeguard their health. Here are some health-conscious practices to keep in mind during prolonged use.
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      LG QHD Monitor (model 27BQ75QC)1, 3
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      2. Maintain Optimal Viewing Distance
      LG UltraWide Monitor (model 34BA85QE)1
      Limited desktop space often constrains employees to sit in a position too close to the monitor, resulting in eye strain and neck fatigue. To help maintain an optimal viewing distance – typically an arm’s length – LG business monitors feature a slim stand and integrated power module. This streamlined design saves space, keeping workstations more organized and supporting better ergonomic practices.
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      LG UltraWide Monitor (model 34BA85QE)1
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      LG FHD Monitor (model 27BA560)1
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      The new lineup of LG business monitors effectively enhances the in-office experience with a clean design and ergonomic setup, boosting productivity and elevating comfort for employees to truly enjoy working in an engaging and health-conscious environment.
      To learn more about LG’s business monitor lineup,4 visit .
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      1 The image is staged to enhance the reader’s understanding.
      2 Chen X, Coombes BK, Sjøgaard G, Jun D, O’Leary S, Johnston V: Workplace-based interventions for neck pain in office workers: systematic review and meta-analysis. Phys Ther. 2018, 98:40-62. DOI: 10.1093/ptj/pzx101
      3 Adjustability may vary between different monitor models.
      4 The availability or launch date of the product in the images may vary by region.
       

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