LG Electronics to Expand Robotics and AI Home Business; Approves Higher Dividends and Treasury Stock Cancellation at Shareholders’ Meeting
NSP NEWS, By Eun-young Huh and Bok-hyun Lee
ENX3, Read 0
fullscreen(Seoul=NSP NEWS) = LG Electronics held its 24th annual general shareholders’ meeting on March 23 at LG Twin Towers in Yeouido, Seoul, where it outlined this year’s business direction and future growth strategy.
At the meeting, shareholders approved all agenda items as originally proposed, including the approval of financial statements, amendments to the articles of incorporation, cancellation of treasury shares, appointment of directors, appointment of audit committee members, and approval of the cap on directors’ remuneration.
Speaking at the meeting, LG Electronics CEO Ryu Jae-cheol presented “a transition to a high-performance portfolio based on fundamental competitiveness” as the company’s key strategic direction for this year. He outlined four main pillars of the strategy: expanding the competitive edge of core businesses, selectively focusing on high-profit growth businesses such as B2B, platforms, and D2X, strategically fostering future growth engines, and innovating work processes through AX.
At the meeting, shareholders approved all agenda items as originally proposed, including the approval of financial statements, amendments to the articles of incorporation, cancellation of treasury shares, appointment of directors, appointment of audit committee members, and approval of the cap on directors’ remuneration.
Speaking at the meeting, LG Electronics CEO Ryu Jae-cheol presented “a transition to a high-performance portfolio based on fundamental competitiveness” as the company’s key strategic direction for this year. He outlined four main pillars of the strategy: expanding the competitive edge of core businesses, selectively focusing on high-profit growth businesses such as B2B, platforms, and D2X, strategically fostering future growth engines, and innovating work processes through AX.
광고를 불러오는 중...
For its core businesses, LG Electronics said it aims to strengthen a virtuous cycle of sales, profit, and brand value by improving both product leadership and cost competitiveness. For its high-profit businesses, the company set a goal of increasing sales and profits by 1.7 times and 2.4 times, respectively, by 2030 compared with last year. It also plans to foster heating, ventilation and air conditioning (HVAC), vehicle components, the webOS-based platform business, and the D2X business as key growth drivers.
As for future businesses, LG Electronics identified four strategic areas: robotics, AIDC cooling solutions, smart factories, and AI home.
In particular, the company said it will make this year the “first full-fledged year of its robotics business,” with plans to actively expand both its actuator B2B business and home robot business. For AIDC cooling solutions, LG Electronics plans to broaden its lineup to include liquid cooling. It also aims to grow its smart factory business into a high-profit B2B solution by leveraging its manufacturing intelligence capabilities.
The company also announced shareholder return measures. At the meeting, shareholders approved dividends of 1,350 won per common share and 1,400 won per preferred share. This marks an increase of about 35% from last year’s 1,000 won for common shares and 1,050 won for preferred shares. A proposal to cancel treasury shares was also passed, with 1,749 common shares and 4,693 preferred shares set to be retired.
In particular, the company said it will make this year the “first full-fledged year of its robotics business,” with plans to actively expand both its actuator B2B business and home robot business. For AIDC cooling solutions, LG Electronics plans to broaden its lineup to include liquid cooling. It also aims to grow its smart factory business into a high-profit B2B solution by leveraging its manufacturing intelligence capabilities.
The company also announced shareholder return measures. At the meeting, shareholders approved dividends of 1,350 won per common share and 1,400 won per preferred share. This marks an increase of about 35% from last year’s 1,000 won for common shares and 1,050 won for preferred shares. A proposal to cancel treasury shares was also passed, with 1,749 common shares and 4,693 preferred shares set to be retired.
![[NSPAD]삼성전자](https://file.nspna.com/ad/T01_samsung_gn_5138.gif "삼성전자[T01]")