LG appliance subscription revenue triples from 2022, hits H1 record

LG Electronics’ appliance subscription business reached a record first-half high this year, with revenue more than tripling from its 2022 level as the company expands the model into large housing projects and overseas markets. Revenue from appliance subscriptions, excluding care services, came to 1.15 trillion won ($820 million) in the January-June period, according to LG Electronics’ half-year report released Friday. That was up 8.2 percent from 1.06 trillion won a year earlier and 3.1 times th