LG Group Chairman Koo Kwang-mo vowed to double down on batteries, fostering the sector as the conglomerate’s core business and one of South Korea’s key growth engines.
“We will continue to pioneer innovation through next-generation batteries and advanced process technologies to navigate market challenges and technological hurdles,” Koo said in a written statement presented at LG Corp.’s 63rd annual general meeting of shareholders, held on March 26 at the LG Twin Towers in Yeouido, Seoul. The message was delivered on his behalf by LG Corp chief operating officer Kwon Bong-seok.
Koo also pledged to expand into new areas such as artificial intelligence, biotechnology, and clean technology.
“We will further strengthen our market leadership in core businesses and strive to deliver unique value in emerging areas, building a solid foundation for future growth,” Koo said.
He stressed the importance of corporate compliance, calling it a “fundamental element of sustainable growth.” He added that the company will continue upgrading its compliance systems to keep pace with shifting societal and regulatory expectations.
Koo cited the reshaping of the global trade order, rising regulatory uncertainty, and rapid technological advances as growing concerns for businesses. “2025 is set to bring changes in geopolitics, the global economy, and technology,” he said, adding, “The acceleration of technologies like AI will force companies to rethink their growth strategies.”
“These shifts are transforming the great pillars of the world order,” he said. “They call for a new growth mindset at LG.”
