Beginning Oct. 19, LG Group will hold a briefing session on its business plan for 2021. The group plans to hold a business report meeting for about a month starting with LG Household & Health Care on Oct. 19, business sources said on Oct. 16.
LG Group Chairman Koo Kwang-mo will preside over the meeting and CEOs and business heads of each affiliate will attend to finalize their business plans and management strategies for next year.
Market watchers see the 2021 business report as an inflection point for LG Group. LG Group Chairman Koo, who will mark his fourth year in office next year, is likely to reveal his color in earnest.
For this year, a series of intensive discussions will be held on enhancing customer values and strengthening the competitiveness of major and growth businesses in line with the three keywords that Chairman Koo has emphasized: pragmatism, customer value, and future preparation.
Following a workshop for presidents held online last month, each company will also seek ways to find opportunities for the "post-COVID-19" era, shift to customer-centered ways, and accelerate digital transformation. Keywords are 'customer', 'future' and 'practical value'.
Chairman Koo is expected to once again put forward the topic of "customer" at the business report. He is looking for an interface where LG executives and employees meet with customers whenever he has time.