LG chief urges focused innovation as group faces ‘inflection point’

LG Group Chair Koo Kwang-mo said the conglomerate stands at a critical inflection point and must move beyond past success formulas to pursue focused innovation that delivers clear value to customers in his New Year message on Monday. In a video message sent to LG Employees worldwide, Koo said the company must make deliberate choices about where to concentrate its resources, warning that incremental improvement would no longer be sufficient. “Today we find ourselves at an inflection point where a