Jo Joo-wan “LG Electronics’ HE business division is a multimedia entertainment company.”
Digital Diary
Publication date 2024-08-21 11:30:55
LG Electronics CEO Jo Joo-wan will make a presentation at the Investor Forum held at LG Science Park in Magok on the 21st.
[디지털데일리 옥송이 기자] “I think the HE division can now be called Media Entertainment Company.”
LG Electronics CEO Jo Joo-wan made the statement at the Investor Forum held at LG Science Park in Magok on the 21st, highlighting the performance of the platform service business of the HE (Home Entertainment) division, which is in charge of the TV business.
CEO Cho, who was the speaker of this day, selected four business portfolios based on customer experience at the beginning of his presentation: maximizing existing business, converting to platform-based service business, B2B and NEW TO LGE (new business).
Among them, regarding the platform business, CEO Cho said, “(This business) is a significant and meaningful change for LG Electronics,” adding, “The TV-based webOS platform business has recorded a high average annual growth rate of 64% since the beginning of 2018. Finally, this year, 1 “We are on the verge of achieving 1 trillion won in sales,” he said.
He explained why the webOS business is important because, unlike TV products where panel prices are highly volatile, it guarantees a high rate of return. WebOS, an enterprise platform, can be extended to a variety of products, not just TVs, so it can continue to generate profits.
CEO Cho said, “We will impose strategic priorities on webOS and move forward strongly. We are also working to secure content that is the foundation for accelerated growth, expand device sales, and expand the content platform for vehicles,” adding, “We are also working on selling TV product lines.” The commercial viability of the HE business division was highlighted.
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