I would say yes, from what the manual says, the LG HT356SD has some Unique Features:
#1 Portable In : Listens to music from your portable device.
(MP3, Notebook, etc)
#2 USB Direct Recording : Records music from CD to your USB device.
Read the manual, on page 26 it will show you how to do it, I found it at www.theatresystem-manual.com under lg, or go directly to the link I provided.
Recording to USB
1. Connect the USB device to the unit.
2. Select a DVD/ CD function by pressing
One track recording - You can record to USB after
playing the file you want.
All tracks recording - You can record to USB after
Program list recording - After showing the
programmed list, you can record it to USB.
3. Start the recording by pressing X REC.
4. To stop recording, press Z STOP.