Friday, 24 March, 2023

LG CEO and Key Executives Outline Directions To Diversify Business Portfolio

<p>LG CEO Cho Joo-wan said the company&#39;s focus on the electric vehicle (EV) parts business for the past decade has started to bear fruit. The tech company forecast its EV business to have turned to a profit last year and to continue to make profits throughout the new year. Eun Seok-hyun, president of LG&rsquo;s vehicle component solutions division, said he cautiously expects the EV business to grow significantly this year to top 10 trillion won ($7.8 billion) in sales.</p>