Corporate strategy
LG Group to launch global strategy center in July
The move seeks to boost supply chains amid tighter regulations in the US and Europe
By Jun 12, 2023 (Gmt+09:00)
1
Min read
Most Read
S.Korea's LS Materials set to boost earnings ahead of IPO process
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Yanolja's Nasdaq IPO plan hit by Qoo10's liquidity turmoil
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
IMM consortium picked as preferred bidder for Ecorbit
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Mirae Asset, global investors eye gain from sale of Hanoi skyscraper
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Korea Investment, Sinar Mas to build data center in Indonesia
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
![LG Group to launch global strategy center in July](https://www.kedglobal.com/data/ked/image/2023/06/12/ked202306120005.620x.0.jpg)
LG Group will reportedly launch next month a global strategy center to analyze business trends abroad and devise responses.
Industry sources on Sunday said the conglomerate is reviewing the launch of the center through an organizational reshuffle next month; the new entity will be under LG Management Development Institute.
The move is apparently part of the group's response to paving the way to resolve supply chain issues caused by the US Inflation Reduction Act and the European Union’s Critical Raw Materials Act.
LG's emerging challenge is thus to revamp its supply chains centered on two key affiliates: battery maker LG Energy Solution and battery materials producer LG Chem Ltd..
Yoon Chang-yul, a visiting professor at Seoul National University and former deputy director of the Office for Government Policy Coordination (OPC) under the Prime Minister's Secretariat, will be reportedly be the center's first chief.
He spent most of his government career at the OPC, heading both the offices for social policy coordination and government administration and later serving as first and second deputy director for government policy coordination, a vice-ministerial post.
Write to Jeong-Soo Hwang at hjs@hankyung.com
More to Read
-
Artificial intelligenceLG, FuriosaAI to jointly develop next-generation AI chip
Jun 07, 2023 (Gmt+09:00)
1 Min read -
Chief ExecutivesLG Chem’s CEO searches for talent in Japan to lead new growth engines
Jun 02, 2023 (Gmt+09:00)
1 Min read -
BatteriesLG Energy to expand smart factory systems to N.America JVs
Jun 01, 2023 (Gmt+09:00)
1 Min read -
BatteriesLG Chem breaks ground on 4th cathode material plant in S.Korea
May 31, 2023 (Gmt+09:00)
1 Min read -
-
BatteriesLG Energy's Ochang plant, Korea's EV cell mother factory
May 25, 2023 (Gmt+09:00)
3 Min read
Comment 0
LOG IN