Jo Joo-wan, LG Electronics CEO, "Consistent and Strong Progress Toward 2030 Future Vision"

Investor Forum at LG Science Park
Attended by Investors and Analysts
"Creating Structural Change and Sustainable Outcomes"

On the morning of the 21st, LG Electronics announced its mid-term performance report at the 'Investor Forum' held at LG Science Park in Magok-dong, Gangseo-gu, Seoul. Based on its management performance in the first half of this year (excluding LG Innotek), the company recorded an 8% sales growth rate and a 6% operating profit margin compared to the same period last year, with a corporate value that quadrupled.

LG Electronics CEO Jo Joo-wan is giving a presentation at the LG Electronics Outstanding Talent Recruitment Program 'Tech Conference' held in Cupertino, Silicon Valley, USA, last May.
[Photo by Yonhap News]

This is close to LG Electronics' target of '7·7·7,' set according to its mid-to-long-term business portfolio strategy, the '2030 Future Vision.' The '7·7·7' refers to an annual average growth rate and operating profit margin of 7%, and a corporate value (EV/EBITDA multiple) of 7 times.

Jo Joo-wan, CEO and President of LG Electronics, said, "Over the past year, we have steadily laid the foundation for achieving the Future Vision, creating structural changes and sustainable results in various areas. We will continue consistent and strong progress with strong confidence and a sense of responsibility to achieve our goals."

At the forum, CEO Jo shared the management achievements and future plans pursued in line with the '2030 Future Vision' with domestic and international institutional investors and securities analysts.

The forum was organized to communicate LG Electronics' efforts to accelerate its transformation into a 'Smart Life Solution Company' to the market and stakeholders. The purpose was for top management to directly engage with the market and provide more transparent information on the progress and plans of the mid-to-long-term strategy. Following the Future Vision announcement and shareholders' meeting, key business leaders including the CEO have taken the lead in communicating with the market and stakeholders. Besides CEO Jo, the forum was attended by top executives such as Kim Chang-dae, Chief Financial Officer (CFO, Vice President), Lee Sam-su, Chief Strategy Officer (CSO, Vice President), and executives responsible for major businesses including HVAC, content/service (webOS), and subscriptions. The event was also broadcast live online on LG Electronics' YouTube channel.

According to the 2030 vision, LG Electronics is aiming for a transformation into a 'Smart Life Solution Company,' focusing on connecting and expanding experiences across various spaces where customers live, such as homes, automobiles, and virtual spaces.

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