LX Accelerates Innovation to Normalize Management by 2030

President Eo Myeong-so of LX Corp. speaks at a lecture at the “2025 Managers’ Workshop” at LX Educational Center on Jan. 22. (Photos: LX)

President Eo Myeong-so of LX Corp. held the “2025 Managers’ Workshop” at LX Educational Center on Jan. 22 with LX headquarters executives, ranking officials, regional headquarters chiefs and branch office heads.

The workshop took place under the theme “Self-reflection over LX’s Crisis and a New Leap Forward.” LX President Eo and an expert’s gave lectures, and there was a session of discussions.

In a lecture titled “Crisis: Challenge and Response,” Producer Huh Jing-ho of the broadcasting network MBC, said, “Taking a case of MBC in a crisis, if organizations and members are more likely tempted to turn the blame on management without recognizing a crisis due to being dull to the world’s changes, it may be attributable to insufficient preparation to brace for the crisis.”

To this end, he said, “Mindful of continued dialogue and compromise, manpower outflows, and declining morale, setting and sharing of precise goals and mid- and long-term roadmap are required on top of a hope in which a better environment will be changed if hard times are ensured.”

LX President Eo gave a lecture, titled “Normalizing Management in Five Years.”

“The reality is that demand for cadastral surveys is on the decline due to the sagging real estate business, but LX should reflect on the fact that we have neglected the prediction and preparation of the future castral survey market,” he said.

Eo called for overcoming the crisis through basic institutional reform of the organization, corresponding to management environment changes and intensified pursuance of innovation.

President Eo’s lecture was followed by a session of discussions among teams on the future of LX and how to reinvent the corporation.

LX plans to accelerate innovation of management based on the views ironed out by the workshop and devote itself to being a national land geospatial information institution, trusted by people.

LX Declarea Leap Forward as Digital Land and Geospatial Information Leader

LX held a ceremony to declare LX’s new vision at LX headquarters in Jeonju last Dec. 26. It also set a new milestone to be a digital land and geospatial information leader.

The event was designed to declare and share the new vision “Better Future, Smart Land, Digital Land Leader, LX.” The ceremony took place with some 150 people, including LX CEO and other LX headquarters executives and staffers in attendance.

LX’s new vision was established to ensure its sustainable growth amid rapidly changing inside and other environment conditions, such as declining castral survey demand and digital land transformation.

LX decided to pursue balanced development between its core business projects and the public interest, with the goal of reporting an operating profit by 2030 and dramatically raising sales goals of future convergence projects.

The corporation fleshed out mid- and long-term management goals by maximizing productivity and efficiency of core mainstay businesses and improving strategic tasks in a crisis risk management perspective.

LX presented three value-up models: geospatial assets (land geospatial network survey and management), geospatial information (integrated data management) and land geospatial management (geospatial city monitoring and smart administration).

LX also plans to ensure the efficiency of real estate assets, rationalize manpower operation and budgetary retrenchment.

LX President Eo said, “The declaration of the new vision will be a watershed to overcome a management crisis and move toward the future, and LX will dovecote itself to overcoming a management crisis based on the new vision and further public trust through continued innovation and growth.”

LX Leads Collaboration with Private Sectors on Castral Reinvestigation

LX is recruiting companies to participate in castral reinvestigation for digitalizing land geospatial information that could expand land use and raise national competitiveness.

The castral reinvestigation project will cost 1.3 trillion won by 2030.

It is a state-financed project for digitalizing 5.54 million castral non-coincidence parcels, accounting for some 15 percent of the nation’s total land area, in the form of the Korean smart castral records.

This year, 43.6 billion won has been set aside for castral reinvestigation into 196,000 parcels in 614 project zones for 223 city, county and ward authorities.