Press Releases

07/01/2010

WITH A NEW APPLICATIONS STORE, LG OPENS UP TO BOTH FEATURE PHONE AND SMARTPHONES

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SEOUL, July 1, 2010 – LG Electronics (LG) today announced the opening of an all-new LG Application Store, with more than twice as many apps targeting users of both feature phones and smartphones in 33 countries.

Having comprehensively updated its Application Store, LG is now ready to offer customers a wide range of fun and useful apps including exciting games like The SIMS 3, Asphalt 4 and popular applications from SPB Series, for its mid- to high-end feature phones and smartphones. Android applications will be also available at LG’s store later this year.

“Today, more and more people want mobile devices that make their lives easier and more exciting through the right combination of applications. To meet this growing demand, we’ve put a great deal of effort into strengthening our application offerings for all types of phone owners,” said Dr. Skott Ahn, President and CEO of LG Electronics Mobile Communications Company. “By studying customer insights and collaborating with top-level companies, LG is working to produce some of the best applications on the market, and a truly singular mobile experience for our customers.”

Following the revamp, the LG Application Store will offer more than 3,000 applications from its cleanly designed, easy-to-use new site. Approximately half of the applications will be devoted to feature phones, a significant number in a market that has, to date, been overwhelmingly focused on smartphones.

According to research by Strategy Analytics, a market research company, over 90 percent of feature phone owners in the US and UK are interested in downloading and installing applications such as SNS (Social Networking Service), IM (Instant Messenger), VoIP (Voice over Internet Protocol), and navigation and mapping. Having taken the lead in mid- and high-end feature phones that are adopting many of the trappings of smartphones, LG, through its new, improved Application Store, is offering consumers more ways than ever to use their feature phones in creative and dynamic ways.

Along with a range of applications for Windows OS phones that are already on sale, the new LG Application Store will also extend its line-up of applications for Android-powered smartphones at the end of this year. With demand for Android-powered phones set to surge worldwide, the LG Application Store is well placed to enhance consumer’s mobile experience, offering greater value and genuine benefits to owners of LG’s Android smartphones.

The all new LG Application Store opens today in 23 markets. LG aims to increase the number of applications in the LG Application Store to 4,000 by the end of this year and to expand the service to 33 countries including the UK, Germany, France, Italy and Spain and Iran. To experience the new LG Application Store, visit http://www.lgapplication.com.

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About LG Electronics, Inc.
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 82,000 people working in over 115 operations around the world. With 2009 global sales of 55.5 trillion Korean Won (43.4 billion US Dollars), LG comprises of five business units – Home Entertainment, Mobile Communications, Home Appliance, Air Conditioning and Business Solutions. LG is one of the world’s leading producers of flat panel TVs, audio and video products, mobile handsets, air conditioners and washing machines. LG has signed a long-term agreement to become both a Global Partner of Formula 1™ and a Technology Partner of Formula 1™. As part of this top-level association, LG acquires exclusive designations and marketing rights as the official consumer electronics, mobile phone and data processor of this global sporting event. For more information, please visit www.lg.com.

About LG Electronics Mobile Communications Company
The LG Electronics Mobile Communications Company is a leading global mobile communications and information company. With its cutting-edge technology and innovative design capabilities, LG creates handsets that provide an optimized mobile experience to customers around the world. LG is pursuing convergence technology and mobile computing products, while continuing its leadership role in mobile communication with stylish designs and smart technology. For more information, please visit www.lg.com.