Introduction

사업 경쟁력 확보가 지속가능경영의 기본입니다.


Dear stakeholders,
First of all, let me extend my heartfelt gratitude for your continued patronage for LG Innotek.

The year 2020 is particularly meaningful as we celebrate our 50th anniversary. It also marks the beginning of a new chapter in our history towards the next 50 years. As we embark on this new journey into the future, we clearly recognize the need for the sustained generation of business outcomes for our longevity and profitability as a company and for the fulfillment of our status as a responsible member of society.

We strive to continue generating business outcomes.
It is virtually impossible to underestimate the challenging business conditions that surround us today. The US China trade conflicts and the on-going COVID-19 outbreak have all given rise to enormous uncertainties in the global economy. This prompts us at LG Innotek to advance our business structure and focus on profitability in our business operations. While we further solidify our market status in our core business areas through differentiated technology and top-notch quality and productivity, we will also constantly explore new, promising and value-added business opportunities through R&D innovation. In addition, we will pursue process innovation with the help of Digital Transformation (DX) to prepare for the future.

We will remain even more faithful in fulfilling our social responsibility.
A recent paradigm shift demands that businesses broaden the scope of their management purpose from maximizing shareholder profits to meeting or even exceeding the expectations of stakeholders, including customers and employees. As such, we defined our key stakeholder groups as "customers, employees, suppliers, local communities, and shareholders" and will deliver differentiated customer value ahead of the competition, make our employees feel proud of the company, promote shared growth with suppliers through fair trade and nurturing partnerships, and seek coexistence with local communities through social contribution and mutual cooperation. Furthermore, we will ensure transparency in the way we do business to bring the greatest-possible shareholder value and consistently generate sustainable profits in doing so.

We will ensure that LG Innotek becomes a company favored by stakeholders.
Our continued growth over the past 50 years would not have been possible without the recognition and loyalty on the part of our stakeholders for LG Innotek. We will leverage a range of channels to facilitate communication with our stakeholders to match or even exceed their enthusiasm and support. We look forward to your unwavering support and encouragement for LG Innotek in the years to come.


CEO Cheol-Dong Jeong

Vice chairman & CEO Cheol-Dong Jeong