LG Electronics’ innovation group expanded for future growth

Seoul Oct 5 (U.S.): LG Electronics Inc. On Tuesday, it expanded its technology discussion group as the company tries to better explore its future growth drivers.

LG Electronics said its innovation board now includes other LG group companies, including South Korea’s No. 1 chemical company LG Chem Co., Ltd., telecom giant LG Applus Corp., and LG CNS, the services arm of LG Electronics. information technology.

LG Electronics launched the Innovation Council, a networking group with industry experts, in July 2020 to seek new business opportunities and enhance its competitiveness in future technologies such as artificial intelligence (AI), robotics and cloud.

The council, led by Park Il-pyeong, chief technology officer of LG Electronics, recently added digital healthcare, cybersecurity and next-generation computing to its research topics.

The board has so far touched on AI issues including AI with experts such as David Cox, director of the MIT-IBM Watson AI Lab. The conference also discussed future technologies in the field of robotics and metaviruses, according to the South Korean News Agency (Yonhap).

LG Electronics’ expansion into the Innovation Council is in line with the LG Group’s efforts to enhance its AI capabilities.

The LG Group, South Korea’s fourth-largest conglomerate, announced earlier this year that it will invest more than $100 million over the next three years to create a massive, high-performance infrastructure for AI development.

HF