SME Times is powered by   
Search News
Just in:   • Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia  • Europe facing earlier, stronger heatwaves: Climate scientist  • India and Namibia sign two MOUs in fields of health and entrepreneurship  • PM Modi arrives in Delhi after concluding 'productive and successful' 5-nation tour  • ASEAN to keep on consensus, inclusivity: Malaysian official 
Last updated: 25 Nov, 2021  

LG.9.THmb.jpg LG names new CEO to tap new biz opportunities

LG.9.jpg
   Top Stories
» Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
» Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact
» India and OPEC have a unique and symbiotic relationship: Hardeep Puri
» SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
» India set to explore over 2.5 lakh sq kms area in one of largest offshore energy efforts
SME Times News Bureau | 25 Nov, 2021
LG Electronics said on Thursday it promoted its chief strategy officer to its new CEO to nurture new business opportunities and focus on digital transformation.

The company said its current Chief Strategy Officer Cho Joo-wan will assume the top post of the tech company, effective from December 1.

Having joined the company in 1987, Cho has worked for the company in various positions at home and abroad, including president of LG Canada, Australia and the United States, reports Yonhap news agency.

In his most recent role as the company's top strategist, he helped establish LG's Business Incubation Center to foster new businesses opportunities through in-house ventures as well as startup partners, and introduced new processes, such as in-house Crowd Sourcing and CIC (Company in Company), to unleash more innovation, the company said in a statement.

A graduate of Pusan University, he received his master's degree in business from Yonsei University in Seoul.

LG Electronics said last month that its net profit dropped 20.4 per cent on-year in the third quarter due to costs incurred in a recall of General Motor's Bolt electric vehicles.

The South Korean tech giant said in a regulatory filing that net income came to 516.5 billion won ($440 million) in the July-September period, down from 649.2 billion won during the same period of last year.

LG Electronics said the recall of General Motor's Bolt electric vehicles hurt its bottom line.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter