‘CEO Fun Talk’ Held to Communicate with Employees
Sharing Changes in Next Year’s Business Environment and Strategies
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, ‘ LG Electronics President Cho Joo-wan urged employees, saying “A crisis is a combination of danger and opportunity.” He emphasized, “In times of crisis, we should focus on discovering opportunities for growth and navigate them wisely.”’,
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, ‘On the 18th, LG Electronics announced that President Cho hosted a ‘CEO Fun Talk’ event at the LG Twin Towers in Yeouido, Seoul, on the 17th. The event aimed to reflect on the past year and share the direction of business strategies in response to changes in the global business environment for the next year. ‘CEO Fun Talk’ is a program created by President Cho to engage in honest communication with employees since his inauguration, and this year it was held under the theme of ‘Reinvent for Sustainable Growth, Overcome Limits to Secure Structural Competitiveness.’’,
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President Cho Joo-wan of LG Electronics hosted a ‘CEO Fun Talk’ at the LG Twin Towers in Yeouido, Seoul, on the 17th, wrapping up the year and sharing with employees the changes in the global business environment the company will face in 2025 and its strategic direction in response./LG Electronics provided,
, ‘ President Cho discussed the expanding uncertainties in the global business environment due to internal and external policy changes, addressing the competitiveness of rapidly growing Chinese companies. He stated, “The world economy is shifting from a geopolitical era to a geo-economic era. While there were order and regulations in the global market in the past, we now face a situation of ‘intense competition for survival in a world without order and rules’ as the norm.”’,
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, ‘In preparation for this, LG Electronics is working with experts to develop various scenarios and is preparing a ‘playbook’ to respond to them. The company is creating plans and strategies to respond effectively to different scenarios.’,
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, ‘Having observed the pursuit of Chinese companies through overseas field management this year, President Cho announced a plan to meticulously examine the business to thoroughly respond to this by securing structural competitiveness in terms of products, costs, and operations.’,
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, ‘To reinforce product leadership, LG Electronics intends to overhaul its innovation promotion system and enhance its Quality, Cost, Delivery (QCD) competitiveness to elevate brand value. In terms of cost competitiveness, the company plans to pursue challenging goals to overcome limits. From an operational aspect, LG will accelerate research and development (R&D) in line with localization strategies, and it is exploring flexible response strategies, such as considering partnerships with external companies as needed.’,
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, ‘Finally, President Cho emphasized that qualitative growth and a healthy profit structure require a level of contemplation and intense execution different from the past. He urged employees to enhance productivity and work efficiency, urging them to break free from inertial thinking to achieve outstanding outcomes.’,
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, ‘In his closing remarks, reflecting on the last three years of operation, President Cho shared his management reflections, stating, “With the mindset to prepare for the worst while aiming for the best, if we prepare thoroughly for scenarios considering the worst situations and respond calmly, we will certainly overcome crises,” emphasizing the attitude of being a ‘Courageous Optimist.’’,
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, ‘LG Electronics reported enthusiastic responses from employees as this was the last ‘CEO Fun Talk’ of the year. About 10,000 employees participated in real-time communication both online and offline, with various opinions shared in the online comment section.’,
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