LG Electronics Announces Detailed 'Value-Up' Plan to Enhance Corporate Value in Q4

LG Electronics will announce its participation plan in a corporate value-up program to enhance corporate value in the fourth quarter.

LG Twin Towers, Yeouido, Seoul. Photo by Jinhyung Kang aymsdream@

On the 21st, LG Electronics disclosed, "We are continuously striving to enhance corporate value and plan to disclose detailed corporate value enhancement plans during the fourth quarter of 2024."

The company is also focusing on strengthening communication with shareholders by enhancing shareholder value and having the management team, including CEO Jo Joo-wan, directly explain the company’s vision and business status.

On the same day, LG Electronics held an 'Investor Forum' at LG Science Park in Gangseo-gu, Seoul, where it revealed the progress and future plans of the business portfolio innovation pursued over the past year since the announcement of the '2030 Future Vision.'

At this forum, CEO Jo Joo-wan shared ▲ the interim progress of the financial goals of the 2030 Future Vision ▲ the four strategic directions of the business portfolio innovation ▲ and the status of preparations for the launch of consecutive unicorn businesses as a result of business innovation.

LG Electronics also live-streamed the Investor Forum event on its YouTube channel to communicate with more shareholders and investors. Previously, the shareholders’ meeting was held in an 'open shareholders’ meeting' format. At the regular shareholders’ meeting in March, CEO Jo Joo-wan explained the company’s performance directly to shareholders for the first time and introduced mid- to long-term strategies. Additionally, at that time, the heads of each business division, the Chief Financial Officer (CFO), Chief Strategy Officer (CSO), and Chief Technology Officer (CTO), among other executives, all appeared at the shareholders’ meeting to answer shareholder questions.