[Featured Stock] LG Electronics Rises Following Announcement of 100 Trillion Won Sales Strategy
LG Electronics is showing strong performance after announcing a mid-to-long-term strategy to achieve sales of 100 trillion won by 2030.
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As of 10:34 AM on the 13th, LG Electronics was trading at 121,700 won, up 1.25% from the previous close.
Jo Joo-wan, CEO of LG Electronics, stated the day before that the company will focus on three new growth engines: Non-Hardware (Non-HW), Business-to-Business (B2B), and new businesses.
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He also set a goal to achieve the 'Triple 7' by 2030 (annual average growth rate and operating profit margin of over 7%, and corporate value more than 7 times), aiming to increase sales from last year's level of 65 trillion won (excluding LG Innotek) to 100 trillion won by 2030.
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