LG launches Collaborate and Innovate Initiative

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LG Electronics
2009-12-29 10:12
Seoul--(뉴스와이어)--LG Electronics (LG), a global leader and technology innovator in consumer electronics, is launching a corporate-level initiative of technological open innovation called Collaborate & Innovate for initiating and developing relationships with global partners who have great ideas and technologies.

As part of this initiative, LG has set up a dedicated team responsible for managing collaboration relationships with partners. This team will be on hand at the LG stand at the 2010 Consumer Electronics Show in Las Vegas, from January 4th - 9th to meet with interested potential parties.

LG highly values such partnerships and has a strategic view to see that these become long term collaborative relationships. LG believes that the best collaborations are those that offer value to both parties and result in the most innovative results. This collaboration could take the form of licensing, funding for development, investment or acquisition.

LG has a vast product range, divided into five business areas: Home Entertainment, Mobile Communications, Home Appliances, Air Conditioning and Business Solutions. In addition, LG continues to venture into new industries such as Solar Energy and Healthcare to expand its business portfolio.

“Open innovation is not about simply finding technologies and acquiring them in a transactional approach,” said Dr. Woo Paik, President and Chief Technology Office at LG Electronics, whose team is responsible for the Collaborate & Innovate initiative. “It is about building mutually beneficial relationships by collaborating and innovating together towards a common goal.”

An external portal website -- www.collaborateandinnovate.com -- has been set up to provide more details about LG’s plans for collaboration, as well as the types of technologies in which the company is most interested. Users can register to receive updates and submit partnership proposals directly to LG’s Collaborate & Innovate staff.

To learn more about LG’s Collaborate & Innovate initiative, please email openinnovation@lge.com to arrange a meeting with LG staff at the 2010 International CES(Booth #8205, Central Hall, Las Vegas Convention Center).

About LG Electronics, Inc.

LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 84,000 people working in 115 operations including 84 subsidiaries around the world. With 2008 global sales of $44.7 billion, LG comprises of five business units – Home Entertainment, Mobile Communications, Home Appliance, Air Conditioning and Business Solutions. LG is one of the world’s leading producers of flat panel TVs, audio and video products, mobile handsets, air conditioners and washing machines. LG has signed a long-term agreement to become both A Global Partner of Formula 1™ and A Technology Partner of Formula 1™. As part of this top-level association, LG acquires exclusive designations and marketing rights as the official consumer electronics, mobile phone and data processor of this global sporting event. For more information, please visit www.lge.com.

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

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Judy Pae
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