[Concall] LG Electronics "Steady Growth Expected in Automotive Sales"

[Asia Economy Reporter Kim Pyeonghwa] On the 27th, LG Electronics stated during a conference call held after announcing its fourth-quarter results for last year that "uncertainties in the business environment, including automobile demand, will persist this year," but also said, "We aim for high growth through continuous new project orders and expect steady growth this year based on previously secured orders."

They also added, "In 2023, we will actively pursue cost structure improvements through SCM and production efficiency enhancements, striving to achieve additional profitability improvements beyond the effects of increased volume."

The LG Twin Towers in Yeouido, Seoul, where LG Electronics' headquarters is located, on the 2nd, as LG Electronics' exit from the smartphone business is imminent. Photo by Mun Ho-nam munonam@

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