# Who does LG Electronics pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/lg-electronics · Facet: suppliers · Updated: 2026-09-11T14:42:30.822674+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: LG Electronics's confirmed suppliers/cost counterparties include POSCO (steel), LG Chem (resins), Qualcomm (automotive chips, with NXP) plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 4 cost edges, backed by 2 dated sources, 1 of them primary filings (as of 2026-09-11).

### LG디스플레이 (지분 36.72%) (high)  → /lg-display.md
- metric: Amount ₩4.8T · FY2025 LCD 모듈+VS 패널 매입
- note: The affiliated display supplier for TVs and automotive — per the FY2025 business report, LG bought KRW 4,124.2bn of LCD modules for MS (TVs; 38.3% of that segment's materials) and KRW 690.1bn of VS (automotive) display panels from LG Display, ~KRW 4.8tn combined. Affiliated sourcing stabilizes supply but exposes cost to the panel price/demand cycle.
- [confirms] DART (FSS) (KO, filing, published 2026-03-13) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260313000662: "MS LCD modules KRW 4,124.2bn (38.3%), VS display panels KRW 690.1bn from LG Display"
- [confirms] DART (Financial Supervisory Service) (KO, filing, published 2026-03-11) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260311003822: "LG Display annual report: largest shareholder LG Electronics 36.72%."

### 포스코 (철강) (high)  → /posco-holdings.md
- metric: Amount ₩1.5T · FY2025 Steel 매입
- note: The supplier of steel, a key material for appliance sheet metal — in FY2025 LG bought KRW 1,460.2bn in HS (13.1% of that segment's materials) plus KRW 81.3bn in ES, ~KRW 1,541.5bn combined, from POSCO. Steel prices are a swing factor for appliance cost ratios.
- [confirms] DART (FSS) (KO, filing, published 2026-03-13) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260313000662: "HS steel KRW 1,460.2bn (13.1%), ES steel KRW 81.3bn from POSCO"

### LG화학 (수지·레진) (high)  → /lg-chem.md
- metric: Amount ₩951.2B · FY2025 Resin 매입
- note: The affiliated supplier of resins, the core material for appliance moldings — in FY2025 LG bought KRW 807.7bn in HS (7.3% of that segment's materials) plus KRW 143.5bn in ES, ~KRW 951.2bn combined, from LG Chem. It is the channel through which oil and petrochemical spreads pass into appliance costs.
- [confirms] DART (FSS) (KO, filing, published 2026-03-13) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260313000662: "HS resin KRW 807.7bn (7.3%), ES resin KRW 143.5bn from LG Chem"

### LG마그나 이파워트레인 (high)
- note: A 51:49 JV with Magna International (49%) making EV drive motors and inverters for GM, which turned its first annual profit in 2023 — strategic investment that both internalizes components and locks in an automaker customer.
- [confirms] ETNews (KO, news, published 2024-03-06) https://www.etnews.com/20240306000043: "LG 51% / Magna 49% JV making drive motors and inverters for GM's next-gen EVs."

### LG이노텍 (high)  → /lg-innotek.md
- note: Parent shareholder of camera-module subsidiary LG Innotek — keeping optics and substrate components in-group underpins vertical integration for smartphone and automotive cameras.
- [confirms] News1 (KO, news, published 2026-04-24) https://www.news1.kr/industry/general-industry/6184148: "LG Electronics holds 40.8% of LG Innotek."

### 퀄컴 (전장 반도체, NXP와 함께) (mid)  → /qualcomm.md
- metric: Amount ₩414.6B · FY2025 VS Chip 매입(퀄컴·NXP 등)
- note: The supplier of chips for VS telematics and infotainment — in FY2025 LG sourced KRW 414.6bn of VS chips (6.3% of that segment's materials) from Qualcomm, NXP and others. Rising vehicle software and connectivity raise chip cost and dependence.
- [confirms] DART (FSS) (KO, filing, published 2026-03-13) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260313000662: "VS chips KRW 414.6bn (6.3%) from NXP, Qualcomm and others"

### LG디스플레이 (mid)  → /lg-display.md
- note: Sources large WOLED panels for OLED TVs from LG Display (81% of its OLED-TV panel revenue) — in-group panel dependence anchors TV cost and supply, stable via related-party sourcing but exposed to the panel cycle.
- [mentions] ZDNet Korea (KO, news, published 2024-02-06) https://zdnet.co.kr/view/?no=20240206150935: "LG Display led with 81% revenue share of the OLED TV panel market."

Reverse side: https://valuechain.wiki/lg-electronics/customers.md · Ripple: https://valuechain.wiki/lg-electronics/ripple.md

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Full node: https://valuechain.wiki/lg-electronics.md · JSON: https://valuechain.wiki/lg-electronics.json