LG Koo Kwang-mo "Will Continue Investment in Technology and Talent Despite Economic Slowdown"

Greeting at LG Corporation's Regular Shareholders' Meeting on the 29th
All Agenda Items Approved as Proposed

LG Group Chairman Koo Kwang-mo stated on the 29th, "Despite the global economic slowdown, we will continue to invest unwaveringly in securing core business competencies such as customer base, future technologies, and talent."

In his greeting at the regular shareholders' meeting of LG Corporation held at the LG Twin Towers in Yeouido, Seoul, Chairman Koo said, "We will strengthen our business portfolio centered on new growth engines such as artificial intelligence (AI), bio, and clean tech to secure a future foundation for 10 to 15 years ahead." However, Chairman Koo did not attend the meeting in person, and Vice Chairman Kwon Bong-seok, CEO of LG Corporation, read the greeting on his behalf.

Koo Kwang-mo, Chairman and CEO of LG Corporation. [Photo by LG Corporation]

Chairman Koo emphasized, "To build a more solid foundation for sustainable growth, we will thoroughly focus on 'future customer value' under any circumstances and establish a proactive and integrated response system to changes in the management environment."

He explained, "Last year was a year in which the uncertainty of the management environment, which had continued for many years, intensified further. Nevertheless, LG focused more on 'customer value management' to provide customers with truly valuable and differentiated experiences, achieving qualitative leaps in core businesses and strengthening the global competitiveness of growth businesses."

He added, "We will continuously enhance the basic capabilities of our business by advancing management and response systems related to quality, safety, and environment, and proactively prepare for increasingly complex and diverse risk factors along with industry growth."

On the morning of the 29th, a photo zone was set up in front of the venue for the 61st regular shareholders' meeting of LG Corporation held at the Yeouido Twin Tower in Seoul.
[Photo by Han Yeju]

Chairman Koo stated, "We will faithfully implement LG's unique ESG (Environmental, Social, and Governance) management policies established last year and the group's 2050 carbon neutrality roadmap. Through this, we will fulfill our corporate responsibility for sustainable social growth in coexistence with future generations and strive to become an LG recognized by all stakeholders."

Meanwhile, at the shareholders' meeting, LG Corporation approved all agenda items as proposed, including ▲approval of the financial statements for the 61st fiscal year ▲appointment of external directors Cho Sung-wook, representative lawyer of the law firm Hwawoo, and Park Jong-soo, professor at Korea University Law School ▲appointment of audit committee members ▲approval of the director remuneration limit (18 billion KRW). Additionally, dividends were confirmed at 3,000 KRW per common share and 3,050 KRW per preferred share.

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