LG Electronics eyes to double sales in Brazil, India, Saudi Arabia by 2030
LG Electronics announced a goal of doubling its sales in the global south by 2030, driven by business strategies tailored to key markets including Brazil, India and Saudi Arabia. The company said Sunday that its combined revenue in Brazil, India and Saudi Arabia stood at 6.2 trillion won ($4.28 billion) last year, up more than 20 percent from that of 2023. The figure is more than double the company’s overall revenue growth during the same period, demonstrating the strong growth momentum in the emerging markets. LG Electronics said it will double the revenue from the countries by 2030, in a view that those high-potential markets can propel the company’s mid- to long-term growth and diversify its portfolio that has been centered on advanced markets such as Korea, North America and Europe. Brazil is the world’s 11th-largest economy, with purchasing power improving due to government policies aimed at supporting low-income households. LG Electronics plans to step up its push into the market by expanding its local production bases. The company is in the final phase of constructing a 70,000Weiter zum vollständigen Artikel bei Korea Times
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Quelle: Korea Times