Kwon Bong-seok, LG Electronics CEO: "Next Year, Qualitative Improvement in Smart Business... Will Grow a Bit More"

[Image source=Yonhap News]

[Asia Economy Reporter Ki-min Lee] Kwon Bong-seok, CEO of LG Electronics, said on the 10th, "Next year, we will grow in the premium smartphone sector."

At 11 a.m. on the same day, during the 'Electronics and IT Day' awards ceremony held at COEX in Samseong-dong, Seoul, CEO Kwon told reporters, "Next year, we will achieve a bit more growth and qualitative improvement in premium products."

Before the awards ceremony, CEO Kwon toured the LG Electronics booth at the Korea Electronics Show (KES), an electronics and IT exhibition held at COEX.

On his way to the awards ceremony, when reporters mentioned, "At the beginning of this year’s briefing, you predicted that the Mobile Communications (MC) division would turn profitable next year," he explained, "We are improving by strengthening cost competitiveness." However, regarding the timing of the performance turnaround, he refrained from commenting, saying, "We will work hard."

Regarding his thoughts on this year’s business environment, CEO Kwon said, "Due to COVID-19, we operated under an emergency management system for a long time," and added, "Since the second half of the year, we have been operating normally."

Meanwhile, CEO Kwon received the Gold Tower Order of Industrial Service Merit for his contributions to developing innovative products such as the world’s first 8K OLED TV and rollable TV. He expressed to reporters, "I will contribute more to the development of the electronics industry."

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