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LG infuses year-end reshuffle with younger fresh blood, focuses on performance

LG Group, the country’s fourth-largest conglomerate, announced its year-end executive reshuffle on Friday, seeking to infuse the top brass with younger blood. From Wednesday to Friday, affiliates of LG Group held board meetings to appoint three new chief executive officers and promote 136 executives. Among the 99 to become executives, 97 of them were born after 1970 and five were born in the 1980s, the conglome.

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LG CEO vows to grow together with partners

Cho Joo-wan, CEO of LG Electronics, stressed that the role of its partner companies is more important than ever to achieve the company’s 2030 vision, which is to reach a sales target of 100 trillion won ($77.2 billion) by year s end, and pledged to improve collaboration with them, according to the company, Wednesday.

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LG opens Alaskan lab to develop HVAC tech in extreme weather

LG Electronics announced Monday that it has launched a research facility in Alaska to enhance the resilience of modern heating and cooling systems, collectively known as HVAC systems, in extremely cold conditions. The LG Advanced Cold Climate Heat Pump Laboratory is part of a collaboration that includes the University of Alaska Anchorage and the University of Alaska Fairbanks. The partnership, made official on Monday.

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LG Electronics to respond to aggressive global expansion by Chinese rivals

LG Electronics to respond to aggressive global expansion by Chinese rivals
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LG Electronics strengthens automotive cooperation with Magna

LG Electronics is strengthening cooperation with Canada-based automotive parts company Magana to expand its presence in the burgeoning automotive electronics business, the Korean company said Wednesday.

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