LG전자의 올해 2분기 영업이익이 지난해 같은 기간과 비교해 46% 이상 하락했다. 도널드 트럼프 미국 행정부가 시작한 ‘관세 전쟁’의 영향이 본격화한 결과로 풀이된다. LG전자가 7일 공시한 올 2분기 잠정실적을 보면, 매출은 지난해 2분기 대비 4.4% 감소한 20조7400억원을 기록했다. 올 1분기보다는 8.8% 감소했다. 영업이익은 1년 전보다 46.6% 감소한 6391억원이었다. 전 분기와 비교하면 49.2% 줄었다. LG전자는
Kim Jisun
stockmk2020@alphabiz.co.kr | 2025-07-08 03:02:49
Photo = Yonhap news
[Alpha Biz= Kim Jisun] LG Electronics announced on July 7 that its second-quarter operating profit declined by more than 46% year-on-year, largely due to the impact of trade tensions and tariffs implemented under the former Trump administration.
According to the company’s preliminary earnings report, LG recorded KRW 20.74 trillion in revenue for Q2 2025, down 4.4% from the same period last year and 8.8% lower than the previous quarter. Operating profit fell to KRW 639.1 billion, representing a 46.6% decrease year-on-year and a 49.2% drop from Q1.
LG Electronics attributed the weaker performance to sluggish consumer sentiment in major markets and the intensification of U.S. trade policies in Q2, which led to increased tariff-related costs and heightened market competition.
While core businesses such as home appliances, automotive components, and HVAC systems maintained solid profitability, the Home Entertainment division, particularly TV sales, was significantly impacted. A combination of weaker market demand, rising LCD panel prices, and increased marketing expenditures due to intensified competition weighed on overall results.
The company also cited U.S. safeguard tariffs and steel/aluminum-related duties, along with higher logistics costs, as contributing factors. With production bases in Mexico and Vietnam, and a high proportion of exports to North America, LG Electronics has been particularly vulnerable to the global tariff environment.
In addition, since June 23, large appliances such as washing machines and refrigerators have faced up to 50% additional steel-related tariffs, further compressing margins. Given that steel accounts for 30–40% of production costs in large appliances, tariff shocks have been particularly severe.
Looking ahead, LG Electronics plans to focus on quality-driven growth through B2B HVAC solutions, subscription services, non-hardware businesses, and direct-to-consumer (D2C) sales in the second half of the year to drive profitability improvements.
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