Jo Joo-wan, President of LG Electronics, Holds First Meeting with Partner Company Representatives

Held First Meeting with 8 Partner Company CEOs After CEO Inauguration

Joo-Wan Cho, President and CEO of LG Electronics

[Asia Economy Reporter Park Sun-mi] Jo Joo-wan, CEO of LG Electronics, held his first meeting with executives of the partner company association, ‘Hyeobryeokhoe,’ since taking office. He emphasized that support and cooperation with partner companies will not cease in order to proactively respond to the challenging market environment.

According to LG Electronics on the 8th, the recent meeting was attended by eight representatives of partner companies who are executives of Hyeobryeokhoe, along with CEO Jo and Wang Cheol-min, Executive Vice President and Head of Purchasing and SCM Management Center. Hyeobryeokhoe is a voluntarily operated group where LG Electronics and its partners discuss win-win cooperation plans, consisting of four divisions: injection molding, metal, module, and circuit. CEO Jo promised, “We will continue to provide practical support to partner companies to secure manufacturing competitiveness through building automated systems and diversifying supply chains, and to proactively respond to the rapidly changing market environment, thereby further strengthening win-win cooperation.”

LG Electronics views enhancing the productivity of partner companies as the core of mutual growth and the key to sustainable development, and has been carrying out various support activities to help partners build smart factories by utilizing artificial intelligence (AI), big data, and more.

First, the company dispatches its automation system experts to partner companies to transfer LG Electronics’ accumulated know-how in building smart factories by modifying the structure of production products and manufacturing methods to suit automated systems and reducing complexity. Additionally, LG Electronics assists partner companies in adopting Robotic Process Automation (RPA) technology. The company visits partners directly to transfer its expertise throughout the entire RPA process, including task discovery, RPA construction for each detailed task, and maintenance. Last year, LG Electronics trained over 80 RPA experts among partner company employees and achieved the implementation of 176 RPAs in their operations.

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