Chaseokyong, Vice Chairman of LG Household & Health Care, "This Year Will Be Uncertain and Difficult to Predict"

[Asia Economy Reporter Yujin Cho] Cha Seok-yong, Vice Chairman of LG Household & Health Care, stated at the regular shareholders' meeting held on the 20th, "This year will be more uncertain and difficult to predict changes than ever before."

In his greeting at the shareholders' meeting, Vice Chairman Cha said, "Last year, we achieved record-breaking results based on the strengthened brand power of luxury cosmetics and achieved meaningful growth in all businesses, including household goods and beverages. This year, despite the heightened economic uncertainty and the unprecedented difficulty in predicting changes, all members are determined to overcome any obstacles and make it a meaningful year."

At the regular shareholders' meeting, LG Household & Health Care approved four agenda items as originally proposed: the 2019 financial statements and consolidated financial statements, the appointment of directors, the appointment of audit committee members, and the approval of the director remuneration limit.

Last year, LG Household & Health Care recorded its highest-ever performance with sales of KRW 7,685.4 billion and operating profit of KRW 1,176.4 billion, increasing by 13.9% and 13.2% respectively compared to the previous year.

Regarding the appointment of directors, Professor Kim Jae-wook of Korea University’s Department of Business Administration was reappointed as an outside director, lawyer Kim Ki-young of the law firm Yulchon was newly appointed, and outside director Kim Jae-wook was newly appointed as a member of the audit committee. Dividends were approved at KRW 11,000 per common share and KRW 11,050 per preferred share in cash dividends.

This content was produced with the assistance of AI translation services.