LG Electronics Holds an 'Open Shareholders Meeting' for Communication, Notifications, and Sharing

Real-Time Online Broadcasts Begin This Year
CEO Jo Joo-wan Chairs the 22nd General Meeting of Shareholders

LG Electronics will hold its 22nd regular shareholders' meeting on the 26th as an "open shareholders' meeting" emphasizing communication, notification, and sharing.

Seoul Yeouido LG Twin Tower exterior. / Photo by Jinhyung Kang aymsdream@

According to LG Electronics on the 17th, real-time online broadcasting will be conducted starting from this year's shareholders' meeting. Shareholders who wish to participate can apply from 9 a.m. on the 18th until 5 p.m. on the 25th by following the pre-application guidance provided on the company introduction and electronic announcement page on the LG Electronics website.

This year's shareholders' meeting will be chaired by CEO Cho Ju-wan as the sole representative director. Before the main agenda voting, CEO Cho plans to personally explain the previous year's management performance and this year's business strategy to the attending shareholders and hold a Q&A session to answer their questions. This is aimed at strengthening communication between management and shareholders and solidifying the commitment to responsible management.

In particular, LG Electronics plans to share its business model and innovation methods to achieve its mid- to long-term vision of transforming into a "smart life solution company" that connects and expands experiences in all spaces where customers' lives exist beyond home appliances. The company will also transparently communicate the status of ESG (environmental, social, and governance) management, which is of great interest to shareholders.

In line with the concept of an open shareholders' meeting, LG Electronics will significantly expand the number of executives attending the meeting. In addition to CEO Cho, the chairperson, and essential attendees including outside directors, four business division heads, the Chief Financial Officer (CFO), Chief Strategy Officer (CSO), and Chief Technology Officer (CTO) will attend on-site. In response to shareholders' questions about management strategies, not only the CEO but also top executives with expertise in each field will answer and continue communication.

LG Electronics will also announce a new three-year shareholder return policy through the shareholders' meeting. Following the announcement of the "2030 Future Vision," which presented strategies to enhance corporate value from a mid- to long-term perspective and financial targets (CAGR/operating profit margin of 7%, enterprise value (EV/EBITDA multiple) of 7 times), the company plans to share management performance with shareholders through continuous strengthening of shareholder return policies and increase the value that shareholders can tangibly experience.

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