Almost all content comes in at 60Hz so that's good. There is also 24P content which will show as 24 on the display. Now this is widely discussed so your panel rate is 120 or 240 but for information almost all TVs display the input rate. Why would the panel rate be displayed if that is fixed?
So we have 3 rates here.
1. Panel rate (set by TV.)
2. Refresh rate which is same as panel rate.
3. Input frame rate which is set by source content but standardized at 24, 60 and a few other numbers in other markets.
As to motion control, I too find it lacking and turn it off. As to input rate, that's well discussed so I'll pause here.
CNet lists the refresh rate on the LG OLED EC9300 as either 120 or 240Hz (now can't remember what screen said!). But it's neither. The best, according to the onscreen display is a Refresh Rate of 60Hz. Sometimes it's an unbelievably low 24Hz, the worst I've ever seen. All in all, motion control is absolutely horrible and the gorgeous still picture doesn't make up for it. The one real advantage is no loss of picture quality at any angle, but then nothing makes up for the bad refresh rate. Any comments or suggestions? Anything I'm doing wrong? I've tried all the different settings. Anything but "Smooth" makes it worse. The TV is being fed from a satellite box through an Elite receiver via HDMI. Fro what I understand, refresh rate is a function of only the TV, and not the sat or a/v receiver.