LG Invests Over 5 Billion Yuan to Make webOS the Core of its Smart Life Solutions
LG Invests Over 5 Billion Yuan to Make webOS the Core of its Smart Life SolutionsLG Electronics held its 2024 webOS Summit in Incheon, South Korea on the 27th of this month, themed "AI-Powered webOS," where it announced a major development plan for the webOS operating system/platform over the next few years. LG aims to position webOS as the core of its business transformation, shifting from a traditional consumer electronics manufacturer to a webOS-centric smart life solutions company
LG Invests Over 5 Billion Yuan to Make webOS the Core of its Smart Life Solutions
LG Electronics held its 2024 webOS Summit in Incheon, South Korea on the 27th of this month, themed "AI-Powered webOS," where it announced a major development plan for the webOS operating system/platform over the next few years. LG aims to position webOS as the core of its business transformation, shifting from a traditional consumer electronics manufacturer to a webOS-centric smart life solutions company.
LG emphasizes the AI capabilities of webOS as a key driver and plans to invest over 1 trillion won (approximately 5.334 billion yuan) over the next three years to enhance webOS's competitiveness. This substantial investment will be used for platform upgrades, feature optimization, and related business expansion, realizing LG's ambitious vision for webOS's future.
To optimize the user experience on the webOS platform, LG recently launched webOS Pay in major European countries. This service aims to simplify the shopping experience on webOS smart TVs and displays, offering users a more convenient way to shop. Notably, LG previously launched LG Pay on its smartphone products but discontinued the service after exiting the mobile market.
LG anticipates generating over 1 trillion won in revenue from advertising and services on the webOS platform this year, four times the level in 2021. This data showcases LG's confidence in the commercial potential of webOS, and it plans to further strengthen the webOS ecosystem through business models like advertising and services.
LG's recent actions demonstrate its high expectation for webOS's future development, positioning it as the core of future smart life solutions. With LG's continued investment and strategy surrounding webOS, it is believed that the platform will achieve more brilliant development in the future, bringing users a more intelligent and convenient living experience.
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