[Concall] LG Electronics: "Blockchain Will Become a Core Technology in the Electronics Industry"
[Asia Economy Reporter Park Sun-mi] The reason LG Electronics recently added blockchain to its business objectives through an amendment to its articles of incorporation is based on the judgment that blockchain could become a core technology in the electronics industry.
On the 28th, during a conference call held after announcing its first-quarter earnings, LG Electronics explained the addition of blockchain to its business objectives by stating, "We believe that blockchain-related technologies can develop into core technologies in the electronics industry in the future," and added, "We judged that it would be possible to create business opportunities utilizing this. We have high expectations for the potential business opportunities that blockchain technology will bring in the future."
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It is anticipated that LG Electronics will equip future high-definition smart TVs with NFT platforms and more. Regarding the addition of medical device manufacturing and sales to its business objectives, LG Electronics explained, "the amendment to the articles of incorporation was made to sell the certified Pra.L product line on its own online platform." It added, "The healthcare sector is an area where the company is steadily keeping opportunities open."
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