LG Group is set to conduct business reports for its major affiliates over the next month, focusing on performance evaluation for this year and strategic planning for the next.
Starting today, the meetings will be chaired by Koo Kwang-mo, Chairman of LG Group, and will include CEOs and heads of business units from various subsidiaries. The sessions will begin with electronics affiliates such as LG Electronics, LG Display, and LG Innotek, followed by chemical affiliates like LG Energy Solution and LG Chem, and finally telecommunications and service affiliates including LG Uplus and LG CNS.
The reports will primarily assess strategies and execution plans for securing new business opportunities in future growth areas, including artificial intelligence (AI).
Throughout this year, LG has discussed quarterly key agendas during its executive meetings, including 'AX (AI Transformation) Execution Capability' in March, 'Winning Research and Development (R&D)' in June, and 'Investment Strategy Enhancement' in September.
Particularly, the September meeting focused on investment outcomes and strategies centered around key areas such as AI factories, physical AI, and AX. As a result, this report session is expected to delve deeply into follow-up execution plans for each affiliate.
In previous meetings, Chairman Koo emphasized the need for the executive team to maintain a rapid pace and persistent execution to succeed in the future AI landscape.
Specific follow-up execution plans based on collaborations with global tech giants like NVIDIA and Microsoft will also be discussed. This year, LG has solidified its cooperation with NVIDIA in the areas of AI factories, physical AI, and mobility, while expanding its collaboration with Microsoft across AI infrastructure.
LG stated, "We will maximize our group capabilities in key future AI areas based on the 'One LG' strategy to enhance synergy among affiliates."
* This article has been translated by AI.
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