Kim said LG was considering moving manufacturing of home appliances, including washers and dryers, to its factory in the U.S. state of Tennessee.

The Tennessee plant's output could cover nearly one-fifth of LG's total home appliance sales in the U.S. market, he added.

LG expects tariffs will have a major impact on its business from the third quarter if they go ahead, Kim said, adding that, in the meantime, the company had established a roadmap for price hikes to mitigate them.

U.S. President Donald Trump has paused a raft of tariffs against dozens of trading partners until July.

Asked about LG's Indian unit's delayed initial public offering, Kim said the company would not rush the decision and would instead first thoroughly review the optimal timing for the IPO.