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LG Uplus CEO Hong Bum-shik recently visited the company’s research and development center in Daejeon, emphasizing his commitment to reinforcing fundamentals such as quality, safety and security. “If we build strong fundamentals and enhance capabilities such as customer analysis, data-driven strategies and collaboration frameworks, I am confident that LG Uplus can emerge as a market leader not only in telecommunications but also in newly expanding competitive sectors,” Hong told employees during
Major flatscreen maker unveils 4th generation OLED panel for AI TVs LG Display CEO Jeong Cheol-dong pledged a turnaround in 2025, introducing the company's new business strategy dubbed "JUMP" on Thursday. In an unveiling event, the flatscreen maker also debuted a 4th generation organic light-emitting diodes panel which is the industry's first to achieve a maximum brightness as high as 4,000 nits. “Our goal for this year is to make it a year of bold leaps forward and meaningful advancements with
Buoyed by upbeat earnings, IT solution specialist set to make Kospi debut next month South Korean IT solutions provider LG CNS said Thursday it will use the initial public offering opportunity as a stepping stone to strengthen its digital transformation (DX) technology capabilities, aiming to become a first mover in the global DX market. “The upcoming IPO will mark a new turning point for taking a step forward on the global stage. We hope that a successful listing will provide positive momentum
Tech giant renews robotics vision for ‘labor-free’ home Korea Herald Correspondent LAS VEGAS -- As US President-elect Donald Trump's second term is set to kick off this month, LG Electronics CEO Cho Joon-wan said the company has already came up with a "playbook," a set of response measures to policy changes under different scenarios. "When President Trump assumes office and imposes tariffs or similar measures, we are prepared to adapt. We have our own playbook, that outlines specific methods for
LG Electronics said Wednesday it expected to set record-high annual sales for 2024, overcoming a challenging environment marked by sluggish demand and heightened external uncertainties. LG estimated that its sales reached 87.74 trillion won ($60.3 billion) last year, up 6.7 percent from a year earlier. This marks a new all-time high, surpassing the 82.52 trillion won reported in 2022. However, operating profit for the year declined by 6.1 percent on-year to 3.43 trillion won. Data for net income
LG Innotek announced Tuesday that it would showcase its latest advancements in future mobility components and technologies at CES 2025, the world’s largest annual tech exhibition, running through Friday. “This year, we are focusing on innovative mobility solutions that deliver exceptional value to customers. By incorporating storytelling into our presentations, we aim to make our offerings more engaging,” said an LG Innotek official. The company has installed a future vehicle mockup at the cente
LG Electronics CEO Cho Joo-wan announced a strategic alliance with US IT giant Microsoft on Monday in Las Vegas, a day before the opening of CES 2025, the world's largest consumer electronics and IT trade show. In his presentation, Cho highlighted the evolution of “affectionate intelligence,” describing it as a technology that seamlessly integrates physical and virtual environments to deliver a holistic customer experience. “Affectionate intelligence offers unparalleled customer value by bridgin
LG Electronics has been listed in the Dow Jones Sustainability Index World for the 13th consecutive year, the company announced Tuesday. Compiled annually by S&P Global, the DJSI evaluates companies on their economic performance and environmental, social and governance practices. Only the top 10 percent of 2,500 global companies are listed on the index, which serves as a benchmark for corporate sustainability. The Korean tech giant achieved the highest score of any company in the “Leisure Equipm
Koo Kwang-mo highlights LG’s commitment to AI, biotech, cleantech for sustainable future LG Group Chair Koo Kwang-mo emphasized the conglomerate’s ongoing commitment to challenge and change, envisioning a "future unimaginable without LG" in a New Year’s address delivered to around 270,000 employees
LG Electronics CEO Cho Joo-wan urged employees on Wednesday to embrace a mindset of "preparing for the worst and hoping for the best" to navigate a new year marked by uncertainties. During the year-end talk with employees, dubbed "CEO Fun Talk," Cho shared detailed insights into anticipated changes
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