LS Group, setting digital transformation as a pressing strategy, is stepping on the gas to transform itself as a digital tech company grafting AI, big data and smart energy technologies to the conventional manufacturing sectors.
As Chairman Koo Ja-eun took office in January, he stressed a two-pronged management approach to focus on advanced technologies in conventional mainstay businesses, such as electricity and materials.
Chmn. Koo Ja-eun delivered his New Year’s speech on Jan. 3 after taking office, stressing data-based globalization and ESG growth.
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.
In the past three years, Chairman Koo has headed the Future Innovation Team of LS Corp., the holding company of LS Group, spurring each subsidiary’s push for the implementation of digital transformation tasks.
Chmn. Koo stressed that LS should be armed with an insight based on market and customer data assets to retain its global growth momentum.
He also emphasized growth together with society through ESG management.
Each subsidiary of LS Group is producing solutions that can offer differentiated values and new experiences by gathering and analyzing data on a variety of situations customers experience while using products by utilizing digital technologies such as IoT and big data.
LS Cable & System has introduced “One Pick,” an online B2B cable sale system. The system is the outcome of a project to push business model innovation by employing digital technologies.
One Pick enables cable outlets to take stock of inventory, request a quotation, and procure and deliver products in real time.
LS ELECTRIC, a power, automation and smart energy unit of LS Group, was designated as one of 2021’s “lighthouse factories” by the World Economic Forum.
LS ELECTRIC became the second Korean company to be designated as a lighthouse factory for sustainability and productivity breakthroughs.
WEF’s Global Lighthouse Network Annual Meeting 2021 designated LS ELECTRIC’s smart factory in Cheongju, Chungcheongbuk-do, as one of the 2021 lighthouse factories.
Lighthouse factories are factories which achieve new manufacturing outcomes using exemplary models by making the most of core technologies of the 4th Industrial Revolution, such as IoT, AI and cloud, like a lighthouse guiding ships by lighting up a dark sea.
LS ELECTRIC’s Cheongju plant has changed into a smart factory, resulting in saving energy consumption more than 60 percent. (Photo: LS ELECTRIC)
LS ELECTRIC’s Cheongju plant, being changed into a smart factory, has seen its production efficiency dramatically improve — daily production capacity of 38 low-voltage line products surge from conventional 7,500 units to 20,000 units and default rate plunged to 7PPM (Parts Per Million).
LS-Nikko Copper is seeking to introduce the Onsan Digital Smelter (ODS), a smart factory system designed to automate all production processes.
LS-Nikko Copper, which has the world’s second-largest production capacity, aims to become the industry’s first smelter, encompassing not only product efficiency and reinforced safety but also protecting of the environment.
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