- LGE has decided to pay brand royalties to LG Corp, as the owner to the registered name 'LG'
- Royalty amount will be calculated as follows :
(Sales - Advertising Expenses) x 0.2%
*Sales: Aggregate sales of LG Electronics headquarters and all overseas subsidiaries
that are using the LG brand
- Contract term: 3 years starting from Jan. 1st,, 2005