LG undergoing fundamental changes, riding on EV momentum
Posted : 2020-12-30 13:35
Updated : 2020-12-30 17:21
LG Group Chairman Koo Kwang-mo, right, inspects the design of a clothing storage unit set up inside a connected car model at LG Electronics' research and development center in Seoul, Feb. 18. / Courtesy of LG Corp.
By Baek Byung-yeul
LG Group is undergoing fundamental changes in its business operations as its affiliates have been riding on the back of the rapidly growing electric vehicle (EV) industry. Though LG has been broadly known as a consumer goods manufacturing business group, the conglomerate is now transforming itself into a core partner in the global EV supply chain, industry officials and analysts said Monday.