LG Innotek seeks to bolster innovation through a broader talent pool
Jeong-Soo Hwang
May 22, 2023 (Gmt+09:00)
Efforts by LG Innotek Co. to diversify its talent pool have borne fruit by boosting its competitive edge, under its chief executive's focus on broadening the backgrounds and perspectives of employees.
Early last year, the electronic components unit of South Korea’s LG Group hired an AI master, Choi Jeong-myung, who had amassed multiple awards at AI technology competitions before joining the company.
Since then, Choi has developed deep-learning algorithms optimized for patent analysis that have significantly cut the time needed to analyze patents from 100 days to a mere four hours, according to LG Innotek on Sunday.
LG Innotek's patent division analyzes global patents related to the company’s businesses, which number some 3 million each year.
Choi’s onboarding was in line with LG Innotek CEO Jeong Cheol-dong’s emphasis on attracting a wider talent pool with an array of backgrounds and industry experiences.
Jeong has stressed the value of attracting experienced people with unique perspectives who can bring innovation to the company's workplace and corporate culture.