LG Electronics Inc. expects its business-to-business (B2B) sales to exceed 20 trillion South Korean won (approximately $14.6 billion USD) in 2025.
The company is accelerating its pivot toward high-growth sectors including automotive components and heating, ventilation, and air conditioning (HVAC) systems.
The projection marks a significant milestone for the South Korean tech giant. It also reflects a broader strategic shift away from the company’s traditional consumer electronics base. In 2024, LG reported record annual revenue of 87.73 trillion won (about $66.7 billion USD), with B2B operations accounting for 35% of that total. And LG aims to raise the B2B share to 45% by 2030.
“By concentrating on high-value B2B sectors like automotive electronics and HVAC, LG is reinforcing its transition beyond traditional consumer electronics,” said Eun Seok-hyun, President of LG’s Business Solutions Company. “We are targeting over 20 trillion won in B2B revenue in 2025, a goal that reflects our competitiveness and innovation in these critical industries.”
LG Electronics grows B2B sales
A key growth engine is LG’s Vehicle component Solutions (VS) division. It provides in-vehicle infotainment systems, electric vehicle (EV) powertrains, and connectivity modules. The division posted its best-ever quarterly results in Q1 2025. LG Vehicle revenue reached 2.84 trillion won and operating profit hit 125.1 billion won. The VS unit currently holds an order backlog worth 100 trillion won, underscoring sustained demand in the global automotive market.
Meanwhile, LG’s HVAC business — managed under the LG Eco Solution Company — is also expanding rapidly. The portfolio includes energy-efficient systems for residential and commercial use, electric heating solutions that replace fossil fuel-based alternatives, and high-performance chillers designed for data centers powering AI infrastructure. LG is investing in localized operations, from R&D to after-sales service, to better serve regional markets and support long-term growth.
The company’s sharpened focus on B2B is part of a broader initiative to enhance structural competitiveness and pursue qualitative growth. Continued investment in software-defined vehicles, smart energy platforms, and AI-driven HVAC technologies is central to LG’s strategy to maintain its edge in the rapidly evolving industrial landscape.
LG Electronics was founded in 1958 as GoldStar and rebranded in 1995. It has grown into one of South Korea’s most prominent global brands. Now, with its eyes set on the future, LG is relying on innovation, localization, and sector-specific expertise to lead its next phase of growth.
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