Moon Hyuk-soo, president of LG Innotek, said in his New Year's address on the 5th that "this year we must establish a stable revenue generation system based on a High Performance Portfolio."
Moon presented "building a high-revenue business portfolio" as this year's core management policy in a New Year's message to employees that day.
Emphasizing selection and concentration for a transition to a high-revenue system, Moon asked the company to strategically allocate resources companywide to enhance competitiveness. Moon added, "While boosting the fundamental business competitiveness of each unit, let's accelerate the development of new businesses to secure a clear future growth engine."
He then called for efforts to secure "Winning Tech," which can establish a competitive edge in the market.
Moon said, "Beyond simply acquiring excellent technologies, we must secure 'Winning Tech' that can take a competitive lead in the actual market." To that end, he asked the company to proactively identify technologies aligned with customers' growth strategies and changes in industry structure and expand them into businesses that can create high added value.
Moon lastly stressed the active use of AX (AI Transformation) in ways of working.
Moon encouraged, "For the tasks we must do, let's actively leverage AX to find ways forward, and at the same time, advance our individual capabilities to build efficiency and expertise." He added, "Through AX-based ways of working, let's deliver value that exceeds customers' expectations."
Moon said, "I hope this will be a year in which everyone's effort and passion become a source of strength for one another," and urged, "Let's maintain passion and execution and continue to grow amid any change."