Hyun Shin-Gyoon, CEO of LG CNS, succeeded in being reappointed. Hyun said this year he will make AI transformation (AX) a must-have survival strategy for corporations and will press ahead with expanding artificial intelligence (AI) and global business.
On the 24th, LG CNS held a regular shareholders meeting at its headquarters in Gangseo District, Seoul, and passed the agenda to reappoint Hyun. As a result, Hyun is guaranteed a three-year term until the regular shareholders meeting in Mar. 2029. Hyun has led the company since being appointed CEO of LG CNS in 2023. Last year, while retaining the CEO title, he was promoted from executive vice president to president.
At the shareholders meeting that day, Hyun said, "As difficulties in the internal and external business environment intensify due to uncertainties in the global trade environment, AX, which reorganizes all corporate activities around AI, has emerged as a must-have survival strategy for corporations."
He also mentioned last year's performance. He said, "Even in a difficult economic environment, we continued steady growth as a specialized partner in digital transformation (DX) and AX, posting record management results with 6.1295 trillion won in consolidation-based revenue and 551.8 billion won in operating profit." The company also recently signed partnerships with OpenAI, the developer of ChatGPT, and Palantir.
Regarding the future direction, Hyun said, "As an AX corporation, we will solidify our position in the domestic business and discover core drivers to lead future growth," and added, "We will strengthen AX-specific technical capabilities to quickly and accurately provide the AI technologies and services customers need."
In a Q&A with reporters after the shareholders meeting, Hyun said, "For physical AI, we are conducting a proof of concept (PoC) related to robotics," adding, "We are broadly reviewing mergers and acquisitions (M&A) not only in physical AI but also in various areas."
Meanwhile, LG CNS appointed Song Gwang-ryun, chief financial officer (CFO), as a new inside director that day. Song's term as an inside director is two years, until before the regular shareholders meeting in 2028. In addition, Professor Jeong Hwan of the Department of Statistics at Korea University and Professor Lee Seong-ju of the Department of Industrial Engineering at Seoul National University were reappointed as audit committee members.