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LG Electronics (LG) is a global innovator in technology and consumer electronics, with a focus on transforming into a Smart Life Solution Company. Recent organizational changes and strategic initiatives under CEO William Cho aim at maximizing organizational capabilities and business competitiveness. LG's core businesses include Home Appliance & Air Solution, Home Entertainment, Vehicle component Solutions, and Business Solutions, driving global revenue growth. The company is leveraging AI, cloud, and big data to enhance customer experiences and accelerate growth, focusing on Affectionate Intelligence to provide caring, empathetic services.
LG Electronics has launched a new brand direction and visual identity aimed at enhancing its connection with customers of all ages and cultures. This initiative promotes the brand's core values of 'Uncompromising Customer Experience,' 'Human-centered Innovation,' and 'Warmth to Power a Smile.' The refreshed identity features a dynamic new logo and an energetic color palette, including the newly introduced LG Active Red. The brand symbol will engage customers through various animations across digital platforms. CEO William Cho emphasizes that this strategy aims to make LG an iconic brand appreciated globally. With a revenue exceeding KRW 80 trillion in 2022, LG seeks to evolve while maintaining its commitment to innovation and customer satisfaction.
LG Electronics, through its ultra-premium brand LG SIGNATURE, sponsored immersive performances by renowned choreographer Yoann Bourgeois at the LG Arts Center in Seoul. The performances marked the reopening of the center after 22 years, featuring a new venue with 1,335 seats. Bourgeois, celebrated for his unique blend of acrobatics and dance, showcased his works to South Korean audiences. The event included an exclusive exhibition of LG SIGNATURE products, aligning with the brand's philosophy of merging art and technology. LG remains committed to supporting the arts globally.
LG Electronics has launched its inaugural LIFE'S GOOD AWARD, inviting global submissions for innovative solutions aimed at enhancing life and environmental health. The competition runs from Sept. 6 to Oct. 10, 2022, offering a total of USD 1 million in awards. The event emphasizes LG's commitment to sustainability and collaboration with innovators. Top submissions will be judged by a panel that includes notable academics. Finalists will be revealed at CES® 2023, with a grand prize of USD 700,000 for the best entry.
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