LG Group Chairman Koo Kwang-mo visited India from Feb. 24 to 27 to review the company’s long-term strategy amid shifting global supply chains and rising uncertainty following U.S.-China trade tensions and the second term of U.S. President Donald Trump. With a population of 1.4 billion, India’s strong domestic market is drawing increased attention, particularly as LG Electronics prepares for an initial public offering (IPO) as early as May.
According to LG Group on March 4, Koo toured key business sites in Bengaluru—India’s Silicon Valley—and the capital, New Delhi. In New Delhi, he inspected LG Electronics’ Noida production plant to assess market trends and manufacturing strategies. He also visited LG brand stores and retail locations, including Reliance outlets.
“It is crucial to determine how we will differentiate ourselves to stay ahead of competitors in the Indian market,” Koo said. “The coming years will be pivotal, and now is a golden opportunity to secure long-term leadership while we still have an edge. Let’s leverage our deep understanding of customers and strong market position to take the next leap forward for the next 30 years.”
In Bengaluru, Koo visited LG’s software research lab and met with researchers, highlighting India’s growing role in technological innovation and talent acquisition.
“With the rapid pace of software advancements, India’s importance in securing top R&D talent and responding to technological innovation will only grow,” he said. “To maintain a competitive edge, it is critical for the group to clearly define our global R&D goals and commit to achieving them.”
Top executives from major South Korean conglomerates are increasingly looking to India, drawn by its vast consumer market and government support for manufacturing. Companies seeking new growth drivers amid U.S.-China tensions are positioning India as an alternative manufacturing hub.
Hyundai Motor Group Chairman Chung Eui-sun visited India in early 2024, while Lotte Group Chairman Shin Dong-bin toured the country in February. These visits reflect a broader effort to reduce reliance on China and diversify market opportunities.
