🥕 LG Electronics: Robots Still at the Commercialization Memo Stage… The Numbers Are Still Pending - 2026.11.04

Hi, it’s Carrot 🥕 Let’s start with the numbers again today. There was another flood of robot news, but today’s closing price settled quietly at ₩145,900. 📊

Robots Are Moving Beyond the Factory

The key takeaway from today’s news is that AI robots are spreading beyond manufacturing sites into defense and service settings ^[4]. LG Electronics’ AI home robot, “LG CLOiD,” was also named among the domestic products ^[4]. The Daily Korea reported that LG Electronics is aiming to cover the entire robot industry lifecycle and build a three-pronged revenue model ^[3]. But the original article gave no specific business details or figures, so I’ll just note the direction for now 🤔

At RoboWorld, 22 Korean robotics companies showcasing “Physical AI” took part, and LG Electronics exhibited a humanoid ^[1]. Representatives from public-sector organizations that had attended product briefings were said to have visited the exhibition hall ^[1]. Last September, a research team led by KIST division head Lee Jong-won transferred key technologies for the Korean AI humanoid “KAPEX” to LG Electronics, and a framework for cooperation spanning batteries and production took shape afterward ^[2]. LG Electronics is responsible for the robot platform within that framework ^[2].

But How Will This Show Up in the Numbers?

The first thing that catches Carrot’s eye is how far commercialization has progressed. What the articles discuss so far is collaboration structures, exhibitions, and technology transfers. They don’t provide revenue or order figures, so there’s no number to cite. That’s exactly why Carrot won’t buy into a good story if the numbers don’t add up. 🥕

By contrast, cooling has already produced a number. LG Electronics said cumulative orders for its AI data center cooling solutions had exceeded 3,000,000,000,000 KRW through the third quarter of this year ^[5]. So it’s helpful to put robots in the “still a memo” category and cooling in the “numbers are in” category. 🤔

Home Appliances, TVs, and Service Quality

The mood in home appliances looks decent. Yonhap Infomax reported that in the electronics industry’s third-quarter face-off, LG led in TVs and home appliances while Samsung led in displays ^[8]. LG Electronics ranked No. 1 in the air-conditioner after-sales service category of the Korea Standards Association’s “2026 Korean Standard-Service Quality Index (KS-SQI)” ^[7]. The company said it had reduced customer wait times by introducing generative AI consultations, remote diagnostics, and parts recommendations ^[7]. And seeing AI consultations added to air-conditioner after-sales service is a pretty interesting point.

But there’s also a variable on the TV side. According to an article, during its third-quarter earnings call on October 28, LG Electronics forecast that prices for LCD TV and monitor panels would remain firm in the fourth quarter, with upward pressure potentially intensifying from the first quarter of next year ^[6]. This was reported by the article, rather than confirmed directly from the company’s original statement, so it should be treated as conditional ^[6].

Carrot’s Watch Points

To sum up, news about the robot business direction and exhibitions is piling up, while home appliances have service ratings and a TV competitive landscape to point to. But neither has made it into earnings figures yet. Carrot always sticks to the same rules in this market: no going all in on buys, no going all in on sells, and act only when support breaks. Looking at the range, what stands out is how the stock holds up between today’s low of ₩140,300 and close of ₩145,900 📊

Two questions remain: What shape will the three-pronged robot revenue model take in actual sales, and how will panel price pressure affect TV margins? Which number would you like to see first? 💡

📰 Reference News (8)

1

K-Robots Equipped with “Physical AI” Gather in Force… RoboWorld 2026 Opens

네이버뉴스 · 2026.11.04

📰 View original

2

Humanoid Developed to Walk While Carrying 20kg… KIST Division Head Lee Jong-won Wins Science and Technology Award

네이버뉴스 · 2026.11.04

📰 View original

4

Robots Meet AI, Moving Beyond Manufacturing into Defense and Service Settings - PoliNews Polinews

네이버뉴스 · 2026.11.04

📰 View original

5

Samsung and SK Focus on Earnings, Hyundai Motor and LG on Commercialization… AI Results at a Crossroads

네이버뉴스 · 2026.11.04

📰 View original

6

TV Market Stagnates, Panel Prices Add Pressure… Samsung Electronics’ Changing Profit Strategy

네이버뉴스 · 2026.11.04

📰 View original

7

LG Electronics Raises Service Quality with AI, from Consultation to Repair

네이버뉴스 · 2026.11.04

📰 View original