Gu Ja-yeol's 'Digital Transformation' Success... LS Electric Selected as Global Lighthouse Factory

Cheongju Smart Factory Praised by World Economic Forum (WEF)
Presenting the Future of Manufacturing with ESG Solutions Added to AI, IoT-Based Digital Production Technologies
Chairman Koo: "LS's Digital Innovation Journey Continues"

Koo Ja-yeol, Chairman of LS Group, is expressing his thoughts on LS Electric, a group affiliate, being selected as a 'Global Lighthouse Factory' in 2021 during the non-face-to-face online annual meeting held by the World Economic Forum (WEF) on the 29th.
[Photo by LS Group]

[Asia Economy Reporter Kim Heung-soon] LS Electric announced on the 29th that its Cheongju Smart Factory was selected as a "Lighthouse Factory" at the World Economic Forum (WEF) 2021 Annual Meeting.

A Lighthouse Factory refers to a factory that actively utilizes core technologies driving the 4th Industrial Revolution, such as the Internet of Things (IoT), Artificial Intelligence (AI), and cloud computing, to create a new manufacturing performance model, much like a lighthouse guiding ships through dark seas. Since 2018, WEF has been evaluating factories worldwide for over six months and announces selections twice a year.

LS Electric is a specialized company in power, automation, and smart energy under the LS Group. Among domestic companies, LS Electric is the second to be selected as a Lighthouse Factory, following POSCO in 2019.

At the annual meeting held online that day, Koo Ja-yeol, Chairman of LS Group, stated, "The selection of LS Electric as a Lighthouse Factory is a significant achievement in the process of LS Group's efforts toward digital transformation since 2015," and emphasized, "LS's digital innovation journey to overcome the waves of the 4th Industrial Revolution will continue." He added, "We will also encourage affiliates within LS Group that are promoting digital transformation to benchmark this and further elevate the level of operational innovation."

LS Electric Cheongju Smart Factory
[Photo by LS Group]

WEF stated that LS Electric's Cheongju power equipment smart production factory was selected as a Lighthouse Factory because it goes beyond merely applying AI and IoT technologies, possessing the flexibility to respond to various customer demands and operating a mass production method through production efficiency.

Additionally, the factory's declaration of ESG (Environmental, Social, and Governance) management essential for sustainable corporate growth and its self-developed Energy Management Solution (EMS) that improved energy efficiency were also reflected in the evaluation.

The LS Electric Cheongju plant is equipped with core smart factory technologies such as an IoT-based automatic equipment model change system capable of multi-product mass production, in-house autonomous logistics robots, AI-based real-time automatic welding systems, and machine learning-based noise and vibration inspection systems.

It also shares and analyzes real-time data on raw materials, production, and quality from partner companies, providing this information to contribute to the creation of a manufacturing powerhouse ecosystem.

Meanwhile, a total of 21 new factories were selected as Lighthouse Factories this time. By country, there are 3 in Europe, 3 in the United States, 13 in Asia, and 2 in the Middle East. The cumulative number of companies selected as global Lighthouse Factories has increased to 90.

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