Myeon Hyuk-soo, CEO of LG Innotek, emphasized on the occasion of the company's 55th anniversary on the 2nd that it must become a "trusted technology partner" for customers, stating that "business must expand into various areas beyond electronic components, such as mobility and robotics."
The core of the new vision is to become a "trusted technology partner that leads the change in future technologies and realizes the customers' vision together." This was shared with more than 20,000 employees across 23 establishments domestically and internationally in the form of a New Year video containing the business direction and goals for LG Innotek's continuous growth. LG Innotek explained that this vision announcement is not a top-down slogan but rather the result of horizontal communication.
This vision includes a commitment to continuous growth by expanding the business into various areas, including mobility and robotics, based on core technology, while creating new business opportunities.
In fact, LG Innotek is widening its business scope by expanding into areas such as autonomous driving core components like vehicle sensing, communication, and lighting, and high value-added substrate sectors for AI and semiconductors, thereby building a solid business portfolio. The corporation previously stated that through its value enhancement plan announced in November of last year, it aims to grow new nurturing business sales to over 8 trillion won by 2030.
CEO Myeon noted, "To sustain growth, we must quickly sense where the customers and markets that create the new technology S-curve are, and ride the new S-curve together with the customers," adding, "As a trusted technology partner that realizes the customers' vision together, let us create differentiated future value and change the future."