LG CTO Shares Startup Innovation in Silicon Valley... 1st 'LG Open Summit'

LG Electronics and 3 Other Companies' CTOs, LG Innotek CSO Attend
Approximately 400 Billion KRW Invested in Over 60 Startups Including AI Over 5 Years
Sharing Business Status of Each Affiliate and Collaboration Know-How with LG Investment Startups

LG announced on the 28th that LG Technology Ventures held the '1st LG Open Innovation Summit' in Silicon Valley, USA, on the 26th and 27th (local time). About 240 key representatives from 140 companies, including seven LG affiliates?LG Electronics, LG Chem, LG Energy Solution, LG Display, LG Innotek, LG Uplus, LG CNS?as well as LG Science Park, invested startups, and venture capital (VC) firms attended the event.

LG revealed the investment performance and strategy of LG Technology Ventures, established in May 2018, and provided opportunities for startup exchange and collaboration. Over five years since its establishment, LG Technology Ventures has invested approximately 400 billion KRW in about 60 startups and VCs across the United States, Canada, Israel, Singapore, China, and Korea.

At the 'LG Open Innovation Summit' held on the 26th-27th (local time), LG Technology Ventures, startup, and venture capital representatives are conducting a panel discussion. From the left, Taejun Park, Manager at LG Technology Ventures; Imran Chaudhri, CEO of Humane; Neerav Kingsland, Head of Partnerships at Anthropic; Michael Steward, Partner at M12.
[Photo by LG]

Executives from LG affiliates discussed business directions and venture investment strategies with Silicon Valley venture stakeholders. Attendees included Park Il-pyeong, CEO of LG Science Park; Kim Byung-hoon, Vice President and Chief Technology Officer (CTO) of LG Electronics; Shin Young-jun, Vice President and CTO of LG Energy Solution; Yoon Soo-young, Vice President and CTO of LG Display; Moon Hyuk-soo, Chief Strategy Officer (CSO) of LG Innotek; Kang Min-seok, Vice President and CTO of LG Innotek; Min Kyung-hwa, Executive Vice President in charge of Intellectual Property (IP) at LG Chem; Jeon Eun-kyung, Senior Executive Director of the Convergence Technology Research Institute at LG CNS; and Kim Sung-mook, Head of Strategic Investment at LG Uplus.

LG Chem, LG Energy Solution, and LG Innotek introduced their business status, technologies, and future strategies in separate sessions. They stated plans to collaborate with global startups and VCs in batteries, cleantech, bio, and IT components. Park Il-pyeong, CEO of LG Science Park, explained LG's open innovation activities such as the 'Innovation Council' and 'Superstart.'

A session was organized to share collaboration know-how with startups like 'Brellion' and 'Claroty,' which have received investment from LG Technology Ventures and are cooperating with LG affiliates. An exhibition space for LG startup products and services was created. LG representatives visited renowned Silicon Valley VCs such as 'Playground Ventures,' 'Robert Bosch Venture Capital,' and 'Sierra Ventures.' Kim Dong-soo, CEO of LG Technology Ventures, said, "LG Technology Ventures has served as a forward base for securing new growth engines for each LG affiliate over the past five years," adding, "We will strive to realize LG's unique open innovation by expanding exchanges with promising global startups."

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