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LG Electronics reports a significant drop in Q2 profits due to tariffs and competition.
LG Electronics reported a 46.6% drop in second-quarter operating profit to 639.1 billion won ($467.1 million) due to US tariffs, delayed domestic demand recovery, and increased competition.
Revenue fell 4.4% to 20.74 trillion won ($15.2 billion).
Despite the decline, the company's business-to-business operations showed growth.
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LG Electronics informa de una caída significativa en los beneficios del segundo trimestre debido a los aranceles y la competencia.