Chairman Koo Kwang-mo Begins One-Month 'Strategy Report Meetings' Starting with LG Electronics

Investment of 106 Trillion Won by 2026, 50,000 Direct Hires
Mid- to Long-Term Plan Confirmed

[Asia Economy Reporter Park Sun-mi] LG will hold a 'Strategy Report Meeting' for about a month starting from the 30th, beginning with LG Electronics HE Business Division.

On the 26th, LG announced that regarding the schedule of this Strategy Report Meeting, Chairman Koo Kwang-mo and the management of affiliates will discuss mid- to long-term business strategies such as business, technology, and customer portfolios, and deeply review the group's future preparations. At the Strategy Report Meeting, strategic realignment and future readiness checks for major affiliates or businesses are conducted at least once every three years.

In particular, LG plans to thoroughly review strategic directions at this year's Strategy Report Meeting and deeply discuss ways to enhance execution capabilities for future preparations based on customer value.

Additionally, even if overseas investments increase to respond to the global supply chain in the future, the group plans to form a consensus within LG that a significant portion of the total investment should be made domestically so that Korea's status as LG Group's cutting-edge high value-added product production base and core research and development hub is maintained.

Before the Strategy Report Meeting, LG compiled the five-year investment and recruitment plans from each affiliate and finalized a mid- to long-term plan to invest 106 trillion won domestically and directly hire 50,000 talents by 2026.

CEO Koo plans to have in-depth discussions with the management about the sector-specific strategic plans prepared by each affiliate at this Strategy Report Meeting and strongly encourage the execution of mid- to long-term investments and recruitment as planned.

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