As a part of the Future Vision 2030, LG aims to expand its existing device-centric business into mobility and commercial spaces.
Company strengthens long-term strategy with agile adaptability in rapidly changing business environments.LG Electronics’ CEO William Cho .
Compared to two years ago when LG first presented its Future Vision 2030, the global market recovery is experiencing prolonged delays, while geopolitical risks, such as shifts in trade policies in major nations, are becoming more pronounced. The competitive paradigm with Chinese companies is also shifting from price-based competition to a more sophisticated focus on technology.
LG is also strengthening its competitive edge by enhancing onsite care services and diversifying sales channels. This year, the company is expanding the service to India, Singapore and Hong Kong, following successful launches in Malaysia, Thailand and Taiwan. A prime example of LG’s current success in this area is the advertising and content business based on the company’s webOS smart TV operating system. Last year, the webOS-based advertising and content business exceeded its revenue target of KRW 1 trillion.
LG HVAC boasts a comprehensive portfolio of high-efficiency, high-performance solutions employing the company’s industry-leading core technologies.
LG William Cho Platform-Based Services Webos LG HVAC B2B Revenue
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