LG Electronics said on Wednesday it is targeting 100 trillion won ($77 billion) in sales by 2030 and plans some 50 trillion won of investment as the South Korean company announced its future strategy.
The logo of South Korean multinational electronics company LG is displayed at the Collision conference in Toronto, Ontario, Canada June 23, 2022. Picture taken June 23, 2022. REUTERS/Chris Helgren/File Photosaid on Wednesday it is targeting 100 trillion won in sales by 2030 and plans some 50 trillion won of investment as the South Korean company announced its future strategy.
"LG Electronics will tranform its business portfolio... increase profits by growing in business-to-business, and transition to a service business," CEO William Cho told a press conference.LG also plans to enter new markets such as electric vehicle charging and digital healthcare. That would be up from more than 80 trillion won as of end-March, according to an eBest Investment & Securities report on Monday.
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