Chairman Koo Ja-eun’s two-pronged management approach may be construed as a reflection of his bid to focus on advanced technologies in conventional mainstay businesses, such as electricity and materials.
He also wants to focus on maxing out synergetic effects of businesses by balancing advanced future technologies like AI, big data and IoT so the company can be reborn into a customer-oriented solution provider.
Chairman Koo took office as the new chairman of the business group in a change of command ceremony, which coincided with an event to kick off the 2022 business year at LS Tower in Anyang, Gyeonggi-do, on Jan. 3.
A minimum number of participates were present at the inauguration ceremony and the new business event due to social distancing guidelines against the pandemic. The event was streamed live via an in-house broadcasting network.
Chairman Koo said, “An energy paradigm shift toward carbon neutrality will further accelerate the ushering of an era of electrification, and it will not only contribute to human survival and prosperity but also serve as greater opportunities for LS to build foundation for sustainable growth.”
He expressed hope that diverse stakeholders surrounding the business group such as staffers, customers and markets will be given a sense of pride. He hopes that they can grow if they come along with LS.
Chairman Koo suggested three core tasks to translate into action: maxing out synergetic effects of businesses through a two-pronged management approach, going global based on data assets in a systematic fashion, and growing with society through ESG management.
Chairman Koo disclosed his determination to arm the business group with a sense of insight based on market and customer data assets to help the company maintain global growth momentum.
LS Group plans to build a cloud-based global business regime, allowing LS employees in several parts of the world to understand and share data assets.
He said LS will realize its dream of creating the sustainable value of future energy industries so that all management activities can contribute to the environment and humanity, be sympathized with, collected and integrated in compliance with ESG management, the mission of the times.
An LS Group official said LS, which is making a new start under the stewardship of Chmn. Koo Ja-eun, will endeavor to make a second take-off based on electric and power infrastructure and energy solutions, the strengths of the business group in the era of energy paradigm shift.
True to ‘LS Partnership,’ the group’s management tenet, LS group will make 2022 a year in which the group can grow with its stakeholders by accelerating efforts to ramp up ESG management and raise customers and shareholders’ values.
In November, LS held a board of directors’ meeting and appointed Chairman Koo Ja-eun of LS Mtron as the new chairman of the business group, following 1st former chairman Koo Ja-hong and 2nd chairman Christopher Koo in accordance with a transfer transition.
