By default, new folders are simply named "Folder" on the LG's home screen, but you can change the name of the folder at any time.

Android 9 | LG UX 9.0
Rename folder -  Open desired  Folder
Rename folder -  Tap on current  Folder name
Rename folder -  Enter a new  folder name  and confirm with  OK
  1. Open desired Folder
  2. Tap on current Folder name
  3. Enter a new folder name and confirm with OK

LG Instructions
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