LS Group Accelerates Second Leap in the 'Age of Electricity'

On May 25th, Koo Ja-eun, Chairman of LS Group (right), is inspecting the smart factory production line selected as a World Lighthouse Factory at the LS Electric Cheongju plant.

LS Group is accelerating its second leap forward in line with the advent of the 'electric age.' LS Chairman Koo Ja-eun emphasized maximizing business synergy between existing core businesses and new ventures through 'ambidextrous management' as his inaugural message earlier this year. 'Ambidextrous management' reflects Chairman Koo's philosophy that one hand should agilely prepare advanced technologies such as electricity, power, and materials, while the other hand focuses on future pioneering technologies like artificial intelligence (AI) and big data.

Over the past three years, Chairman Koo has led LS Group's digital future strategy by heading the Future Innovation Division within the holding company, promoting digital transformation tasks underway at each affiliate and spreading agile management techniques.

LS is establishing and executing strategies in preparation for the forthcoming ‘electric age.’ Each affiliate plans to continuously discover and pursue new business opportunities in areas such as renewable energy and electric vehicles by leveraging their long-standing business experience in power infrastructure and comprehensive energy solutions.

In April, LS Group jointly invested with E1 to newly establish ‘LS E-Link,’ which operates an electric vehicle charging business, and in May, it completed the Gunpo plant of ‘LS EV Korea,’ which manufactures electric vehicle parts, driving forward the electric vehicle business as a future growth engine.

Last year, LS Cable & System secured large-scale projects in the United States, the Netherlands, and Bahrain. LS Electric is accelerating its microgrid business, a next-generation power grid that enables small communities to be self-sufficient in power, by leveraging its technology in power and automation combined with information and communication technology (ICT) to offer converged smart solutions.

An LS Group official emphasized, “Under Chairman Koo’s leadership, LS, newly embarking on a fresh start, will strive for the group’s second leap forward based on its existing strengths in electric and power infrastructure and energy solutions amid the global energy transition era.”

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