India, Jan. 7 -- LG Electronics Chief Executive Officer Lyu Jae-chul unveiled a three-pillar strategy to boost competitiveness, accelerate portfolio transformation, and strengthen profitability. The plan includes raising quality, cost, and delivery standards, expanding B2B businesses such as vehicle solutions and HVAC, and scaling non-hardware platforms like subscriptions and webOS.
The company will increase future-growth investment by more than 40 percent this year, targeting AI Home, smart factories, AI data center cooling, and robotics. LG's portfolio shift is already underway, with high-growth businesses rising from 29 percent of revenue in 2021 to 45 percent in the second half of last year, while their share of operating profit surged...