LG CEO Addresses Audience at Woodrow Wilson International Center for Scholars
Earlier in September, Mr. Nam accepted the Woodrow Wilson Award for Corporate Citizenship on behalf of LG Electronics employees at a ceremony held in Seoul. Lee H. Hamilton, President and Director of the Woodrow Wilson International Center for Scholars, government officials, scholars and members of economic organizations were present in the audience. Mr. Nam joins a select group of high-profile figures who have spoken at the Woodrow Wilson International Center.
“Korea’s GDP per capita is now approximately USD20,000, which is remarkable growth from only USD100 in the 1960s,” Mr. Nam said. “Total GDP has also increased six times in the nearly four decades since 1970 and the rate of growth is ranked second only after China in Asia.”
Mr. Nam said sales from Korea’s ten biggest companies amounted to almost USD200 billion, with half being generated overseas. One-third of the employees of Korea’s ten biggest compa-nies are located outside Korea. LG, for example, generates 85 percent of its total sales from 160 countries other than Korea while 56,000 employees -- two-thirds of LG’s 84,000 global em-ployees -- are located outside Korea. Since CEO Nam took over the top office, LG Electronics has appointed six non-Korean C-suite executives. The number of non-Korean executives at LG stands at 10 percent, the highest among Korean companies.
LG CEO Nam warned against complacency and suggested three priorities for Korean companies to secure global leadership against the backdrop of Chinese or Indian powerhouses: improve-ment in labor productivity, expansion into services and solutions and investment in human re-sources. He emphasized that manufacturing-focused business portfolios should move towards services- and solutions–oriented models as new products are launched and existing products are commoditized.
“We won’t stop globalizing the process, system or organization,” CEO Nam closed.
LG Electronics 개요
LG Electronics Inc., (KSE: 06657.KS) is the leader in consumer electronics and mobile communications. The company has more than 72,000 employees working in 77 subsidiaries and marketing units around the world. LG Electronics is the world’s largest producer of CDMA handsets, residential air conditioners, optical storage devices and home theatre systems. With total revenue of more than USD 35 billion (consolidated USD 45 billion), LG Electronics is comprised of four business units: Mobile Communications, Digital Appliance, Digital Display and Digital Media. For more information, please visit www.lge.com.
웹사이트: http://www.lge.com
연락처
LG Electronics Inc. Corporate Communications
Joon-kyu Jang
+822 3777 3629
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