KoreaTechToday - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists
No Result
View All Result
KoreaTechToday - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home LG

LG Execs To Discuss Strategies Amid Uncertainties

 1,658 total views,  1 views today

KoreaTechToday Editor by KoreaTechToday Editor
PUBLISHED: September 25, 2019 UPDATED: September 25, 2019
in LG
0
LG Logo
LG Logo

LG Logo

Koo Kwang-moo, LG Group Chairman, challenged top executives to think up with survival strategies and accelerate digital transformation in the midst of growing business uncertainties surrounding the country’s fourth-largest business group.

Koo, along with the group’s top 30 executives, agreed during an executive workshop that the company to survive should innovate its way of doing business and its overall business model.

Included in the workshop are the CEOs and directors of LG affiliates. LG Uplus Vice Chairman Ha Hyun-hwoi, LG Chem Vice Chairman Shin Hak-cheol, LG Corp. Vice Chairman Kwon Young-soo, and LG Electronics Vice President Jo Seong-jin, among others were present during the said workshop.

“The next few years will be crucial for our survival as we are facing completely different crises,” Koo said. “We need to promptly secure fundamental competitiveness and change our way of doing business to overcome the challenges.”

Koo called for swift action, saying, “I ask top management to take the lead in accelerating changes by formulating and executing appropriate plans.”

Challenges such as Japan’s export restrictions on Korea and the U.S.-China trade war takes a toll on LG and other significant business groups. The annual workshop gave an opportunity for the executives to come up with strategies to overcome and advance its survival.

The chairman and the top executives agreed to advance their group’s digital transformation to better understand constantly changing technologies and customer needs in the digital era.

LG noted that it would also utilize smart factory systems and strengthen its digital marketing activities. LG added it would enhance its capabilities in artificial intelligence (AI) and data. The top executives reported on the continuing digital enhancement and transformation state for every affiliate changing its way of doing business.

Research and Development strategies by LG Chem’ bioscience division employs AI technology to raise productivity and efficiency in discovering new drug candidates. The division examines genetic information and medical science for R&D.

LG Uplus Vice Chairman noted about big data-based marketing activities recommend products and content enhanced for the lifestyle of every consumer.

Koo said, “Digital transformation will be a necessary imperative to take our competitive power to the next level.” He was appointed in June 2018 as the new chairman of the family-controlled business group following the death of his father, Koo Bon-moo.

What’s your thoughts?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0
Tags: conglomeratekorea techLGNewsTrade War

Related Posts

Top 8 Collaborative Initiatives Fostering Innovation Among South Korea’s Tech Giants
LG Logo
government

Top 8 Collaborative Initiatives Fostering Innovation Among South Korea’s Tech Giants

August 31, 2023
Government and Korean Tech Giants Join Hands to Launch Intelligent Home Initiative
LG Logo
Hyundai

Government and Korean Tech Giants Join Hands to Launch Intelligent Home Initiative

August 10, 2023
LG Electronics Partners with Seoul National University for Customers with Disabilities
LG Logo
LG

LG Electronics Partners with Seoul National University for Customers with Disabilities

August 7, 2023
LG Electronics Introduces World’s First Wireless OLED TV
LG Logo
LG

LG Electronics Introduces World’s First Wireless OLED TV

July 20, 2023
LG’s Strategic Shift: Embracing Smart Life Solutions for Future Growth
LG Logo
LG

LG’s Strategic Shift: Embracing Smart Life Solutions for Future Growth

July 20, 2023
LG Electronics and Seoul Metropolitan Govt Drive Forward Traffic Safety with V2X Solutions
LG Logo
LG

LG Electronics and Seoul Metropolitan Govt Drive Forward Traffic Safety with V2X Solutions

June 12, 2023
No Result
View All Result

Most Popular

  • Top South Korean Tech Products to Look Out for in 2021

    0 shares
    Share 0 Tweet 0
  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • SK Telecom, KT, LG Uplus Start Pre-ordering for Apple’s iPhone SE

    0 shares
    Share 0 Tweet 0
  • Netflix Files Civil Lawsuit Against SK Broadband Over Network Fees

    0 shares
    Share 0 Tweet 0
  • KT Corporation to develop Korea’s Wifi AP Market via Intel MOU

    0 shares
    Share 0 Tweet 0
  • Quantum Security Arrives in South Korea Thanks to SK Broadband

    0 shares
    Share 0 Tweet 0
  • 5 All-Time Best Rom-Com K-Dramas to Watch

    0 shares
    Share 0 Tweet 0
  • Samsung Unveils 2024 Generative AI Roadmap for Home Appliances

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Top 8 Collaborative Initiatives Fostering Innovation Among South Korea’s Tech Giants

    0 shares
    Share 0 Tweet 0

PRODUCTS

TESSAN Germany France Travel Power Adapter

Lonely Planet Korea 12

Korean Snack Box Variety Pack

OSULLOC Lovely Tea Gift Box Set

TOPICS

  • Naver
  • Kakao
  • Nexon
  • Netmarble
  • NCsoft
  • Samsung
  • Hyundai

FREE NEWSLETTER

FOLLOW US

  • About Us
  • Cookie policy
  • homepage
  • Privacy Policy
  • Terms of Use

Copyright © 2023 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : press@koreatechtoday.com |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Lists

Copyright © 2023 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy| Contact : press@koreatechtoday.com |