New MD for LG South Africa

LG Electronics South Africa has confirmed that it has appointed a new managing director to head the company’s local operations.

LG Electronics has appointed I.L Hwang-Lee as the new managing director for South Africa, after former MD, J.M Lee stepped down from the position at the end of December 2012.

It is understood that Mr. Hwang-Lee moved to LG South Africa having worked at LG USA previously, taking up the position of MD as of January 2013.

LG is one of the most prominent TV brands in South Africa, and competes directly against Samsung and Sony in the high-end TV market.

Currently, LG holds 18% of the global TV market, trailing sector leader, Samsung Electronics Co, which has around 21% of the market.

Japanese makers, led by the likes of Sony Corp, Panasonic Corp and Sharp Corp, control around 30% of the global market share.

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