LG Electronics faces a significant drop in its annual profits

Previously, for Q3, LG Electronics Inc. announced on Wednesday that its net profit fell 31 per cent year-on-year due to harsh conditions.

Consumer-electronics manufacturer 066570, -1.33 per cent said they expect intense market pressure from their competitors to be a drag as the shopping season begins for some of their flagship products.

Net profit for the September quarter was 345.70 billion Korean wins ($296 million), comp....