LG Electronics logged an 8% growth in sales in the first half from a year earlier with an operating profit margin of 6%, while quadrupling its corporate value, except for those of its electronics part-making subsidiary LG Innotek Co.“Over the past year, we have been steadily laying the foundation for achieving our future vision,” Cho said at the investor forum.“We take pride in creating structural changes and sustainable outcomes in various areas.” WEBOS, B2BLG Electronics said its webOS content platform, which provides ads and content, generates additional revenue steam.
LG Electronics on Thursday unveiled a goal of generating 75% of its operating profit and 50% of sales from platform-related sectors, business-to-business (B2B) segments and other new growth drives.“We will make efforts to make changes to a business structure, which can secure high growth potential and stable profits so that LG Electronics can be more properly valued,” LG Electronics CEO Cho Joo-wan told foreign and local institutional investors and analysts at a forum.
LG Electronics Inc., the leading global home appliance maker, aims to generate most of its profit from future growth drives by 2030 as the South Korean company plans to transform into a platform-based tech giant.
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