LG Electronics India secures Great Place to Work certification for third year

scanx
Reviewed by
Anirudha BScanX News Team
Key Highlights
  • LG Electronics India earned Great Place to Work certification for the third consecutive year
  • Recognition based on Trust Index survey assessing employee trust and engagement
  • Company secured National Best Employer Brand and other HR awards recently
  • Certification aims to enhance talent acquisition and shareholder confidence
powered bylight_fuzz_icon
54208163

*this image is generated using AI for illustrative purposes only.

LG Electronics India Limited has earned the Great Place To Work® Certification™ for the third consecutive year. The recognition, awarded on October 22, 2026, underscores the company's consistent focus on building a workplace culture rooted in employee trust and engagement.

The certification was granted by Great Place To Work®, a global authority on workplace culture, based on employee feedback collected through the Trust Index™ survey. This assessment evaluates how trust, engagement, and everyday workplace experiences shape the organisation's overall culture.

Sustained focus on employee experience

First achieving the certification in 2023, LG Electronics India has maintained this standard through initiatives aimed at enhancing professional growth and workplace well-being. The company stated that this recognition aids in securing top talent and enhances shareholder confidence by demonstrating a stable, people-first operational environment.

Hong Ju Jeon, Managing Director of LG Electronics India, described the milestone as a validation of progressive HR practices. He emphasised that a culture built on trust and collaboration enables employees to contribute effectively, aligning individual growth with organisational progress.

Anurag Gupta, Executive Vice President at Great Place To Work India, noted that sustaining the certification for three years reflects deep-rooted trust and empathetic leadership. He highlighted the rarity of fostering an environment where cultural harmony and personal authenticity coexist.

Recognition landscape

The company's journey began under the leadership of Hong Ju Jeon and Jwa Nam Kim, Chief Human Resources Officer. Recent efforts have focused on employee feedback, people-centric initiatives, and family engagement to strengthen belonging and professional development.

In addition to this certification, LG Electronics India recently received several other HR-related accolades:

  • National Best Employer Brand at World HRD Congress
  • Top Organisation with Innovative HR Practices at Asia Pacific HRM Congress Award
  • Most Impactful HR Leader Award conferred upon Jwa Nam Kim
  • Top HR Iconic Leader award for Jwa Nam Kim

These recognitions collectively highlight the company's strategic positioning of human resources as a key enabler of business growth in the Indian consumer durables sector.

Historical Stock Returns for LG Electronics

1 Day5 Days1 Month6 Months1 Year5 Years
-0.69%-5.16%-0.31%+2.50%-1.08%-2.29%

How might LG Electronics India's consistent employer branding influence its ability to compete for specialized tech talent against local IT firms and global MNCs in the coming fiscal year?

To what extent will the improved employee retention metrics resulting from these HR initiatives translate into measurable operational cost savings or productivity gains for LG India?

Could the emphasis on 'people-first' operations serve as a differentiating factor for LG India when negotiating with retail partners or entering new consumer durables segments?

LG Electronics India receives ₹153.58 crore customs show cause notice

scanx
Reviewed by
Naman SScanX News Team
Key Highlights
  • LG Electronics India received a customs show cause notice for ₹153.58 crore
  • Notice alleges non-inclusion of royalty payments in import assessable value
  • Issue follows DRI investigation; company to respond within prescribed timeline
  • Regulatory scrutiny on electronics imports includes tariff classification disputes
powered bylight_fuzz_icon
51701888

*this image is generated using AI for illustrative purposes only.

LG Electronics India Limited received a Show Cause Notice from Indian Customs proposing recovery of ₹153.58 crore for alleged non-inclusion of royalty payments in imported goods' assessable value.

The notice, dated September 22, 2026, was issued by the Office of Commissioner of Customs (NS-V) at Jawaharlal Nehru Customs House, Nhava Sheva. It follows an investigation by the Directorate of Revenue Intelligence (DRI). The company stated it is evaluating the matter and will submit its response to the appropriate authority within the prescribed timeline.

Allegations on royalty payments

The customs authority alleges that LG Electronics failed to include royalty payments in the assessable value of certain imported goods. This omission allegedly resulted in short payment of customs duty. The proposed recovery amount is ₹153,57,67,711. No penalty has been imposed at this stage; the financial impact will be determined upon adjudication of the notice.

Broader context of tariff disputes

This development occurs amidst heightened regulatory scrutiny on electronics imports. Earlier reports indicated officials claimed a 15% duty is owed on OLED display parts, asserting that a 5% reduced duty was incorrectly applied. This dispute centers on tariff classification for high-end television components. While the existing probe focused on OLED parts classification, the new notice specifically targets royalty inclusion in assessable value.

Samsung, another major player under scrutiny alongside LG Electronics, stated it is reviewing similar issues and cooperating with authorities to ensure legal compliance. Both companies rely significantly on imported display panels and related components for their premium product lines.

Company Issue Status Proposed Recovery/Impact
LG Electronics India Non-inclusion of royalty payments in assessable value Received SCN, reviewing matter ₹153.58 crore
Samsung Alleged misclassification of OLED display parts (15% vs 5% duty) Reviewing issue, cooperating Not disclosed

Regulatory and market context

India has progressively tightened customs oversight on electronics imports to encourage domestic manufacturing. Tariff compliance for imported components remains a key area of regulatory focus for multinational electronics companies. LG Electronics believes it has appropriately paid customs duties in full compliance with the Customs Act, 1962, read with relevant Rules.

Historical Stock Returns for LG Electronics

1 Day5 Days1 Month6 Months1 Year5 Years
-0.69%-5.16%-0.31%+2.50%-1.08%-2.29%
Disclaimer: This article is AI-generated using data from LiveSquawk. ScanX is not liable for any inaccuracies.

How might the adjudication of LG's ₹153.58 crore notice influence customs duty compliance strategies for other multinational electronics firms in India?

What are the potential financial implications for Samsung if Indian Customs expands its scrutiny from tariff classification to royalty inclusion in assessable values?

Could this heightened regulatory scrutiny accelerate the shift toward local manufacturing for premium display components among foreign electronics brands?

More News on LG Electronics

1 Year Returns:-1.08%