LG Group Chairman Koo Kwang-mo known as for sturdy innovation in his New 12 months’s deal with, stating that the group now stand at an inflection level the place a brand new future is opening.
In his video message despatched to LG members at dwelling and overseas on Dec. 22, Koo emphasised the necessity for brand spanking new success strategies, citing the event of synthetic intelligence (AI), competitors from Chinese language corporations, and altering buyer values.
Koo despatched a video electronic mail containing his 2026 New 12 months’s deal with titled “Good day, that is Kwang Mo Koo” to LG staff world wide. He stated, “I lengthen my gratitude to all members who’ve labored exhausting for challenges and modifications with a coronary heart towards clients this 12 months as effectively.”
Koo stated, “We’re dreaming of a future unimaginable with out LG and are transferring ahead step-by-step by making this a actuality, however the world’s modifications are accelerating as a lot as our efforts.” He continued, “Since paradigms and competitors guidelines are altering and buyer expectations are rising larger, we should leap ahead with new innovation past our previous success strategies.”
Koo burdened, “Innovation is not only about bettering at present’s buyer lives however creating values wanted for future clients,” including “For this, our considering and conduct should additionally change, and ‘choice and focus’ is the start.” He continued, “First, we should choose one core worth that can attain clients’ hearts,” saying “Solely once we make clear one core worth can we set up the course of innovation and collect our energy.”
Koo stated, “We should dig into the chosen space to a stage that others contemplate unattainable,” including “That intense focus creates experiences that make clients really feel ‘actually totally different’ and completes wonderful values that change the world’s requirements.”
Koo identified that LG stands in the course of a leap of transformation. He then shared knowledgeable interviews containing modifications in expertise paradigms, organizations, competitors, and buyer views for brand spanking new success strategies and innovation.
Within the video, George Westerman, principal analysis scientist at Massachusetts Institute of Know-how (MIT), stated, “A technological paradigm shift is approaching with applied sciences like generative AI,” including “ how electrical energy or the web modified our lives, paradigm shifts of comparable ranges will happen throughout all facets of life.” Prof. Westerman additionally stated, “In an period of radical change led by AI, opponents may even transfer way more agilely, and buyer expectations and investor calls for will evolve at a lot sooner speeds,” emphasizing “The extra profitable massive firms are, the sooner they need to change.”
Harvard Enterprise College Prof. Sunil Gupta additionally stated within the video, “From startups to international tech corporations and huge firms with lengthy histories, the basics of enterprise technique are being shaken,” including “Even with ample capital and sources, it’s troublesome to attain outcomes with current strategies alone” and “Solely by breaking previous frameworks and thru new considering and progressive approaches can we survive and develop.”
Jeon Mi-young, CEO of Pattern Korea Firm, defined, “Customers need a lot larger ranges of expertise and don’t merely examine costs or high quality however rigorously look at values and meanings,” including “Finally, solely manufacturers that may clearly clarify why this value and what differential expertise they supply will survive.”
Koo emphasised, “We now stand at an inflection level the place a brand new future is opening, and creating a greater future is each our duty and alternative,” including “Innovation that selects values that can make clients smile in 10 years and absolutely concentrates our at present on that is what LG can do greatest.”
