LG Innotek to boost future growth business share to 25% of sales by 2030

LG Innotek is accelerating its push into mobility sensing, robotics and semiconductor components as part of a bold strategy to secure new growth drivers, announcing plans to generate more than 25 percent of its revenue from future growth businesses by 2030. “Our future growth businesses, which are driving the company’s sustainable growth, are expanding rapidly. Let’s work together to grow the share of these new businesses to more than 25 percent of the company’s total revenue by 2030,” LG Innotek CEO Moon Hyuk-soo said during the company’s management session in Gumi, North Gyeongsang Province, Sept. 19. “By leveraging our most valuable future assets — high-value core technologies and business experience gained through collaboration with top-tier global customers — let’s build another leading business that creates differentiated customer value.” Moon, who took on the role of CEO in 2023, has been spearheading the expansion, seeking to diversify the business portfolio and establish new growth drivers. One of the flagship initiatives is light detection and ranging (LiDWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times