LG Group Chairman Koo Kwang-mo recently visited India as part of the company’s broader strategy to identify and capitalize on new growth opportunities in the rapidly expanding South Asian market, the company announced on Tuesday.
During his four-day visit, Koo engaged with employees, business leaders, and company executives to assess LG’s competitiveness across the entire value chain, spanning from research and development (R&D) to manufacturing and distribution. The visit was a strategic move aimed at reinforcing LG’s long-term commitment to the Indian market, according to LG Group.
Tour of Key LG Facilities in India
As part of his itinerary, Koo visited LG Electronics Inc.’s production facilities in New Delhi and LG Soft India in Bengaluru, which is LG’s largest overseas software research center. These visits underscored LG’s focus on technological innovation, localization, and manufacturing expansion within India.
Koo highlighted the significance of the Indian market, describing it as a critical driver for LG’s future growth. He emphasized that India would play a pivotal role in the company’s “second leap” as it seeks to adapt to rapid technological changes and evolving consumer demands.
With a population of 1.4 billion, India offers vast growth potential for consumer-focused companies like LG, attracting intense competition from global industry leaders.
LG’s Commitment to the Indian Market
During his visit, Koo reiterated LG’s commitment to deepening its engagement with Indian consumers and solidifying its position as the country’s most trusted brand.
“India is not just a key market for LG but also a land of immense opportunity for global companies,” Koo stated. “Leveraging our deep understanding of customers and our strong market position, we will seek to collaborate with the people of India to become the nation’s most trusted brand and drive our growth for the next era.”
LG’s Expansion in India Since 1996
LG Group has maintained a strong presence in India since 1996, when it first established LG Soft India. Over the years, the company has expanded its footprint through:
- LG Chem Ltd. (1996) – Engaged in chemical and battery solutions.
- LG Electronics (1997) – Became a major player in home appliances and consumer electronics.
- LG Energy Solution Ltd. (2023) – Focused on battery and energy storage solutions.
Among its various subsidiaries, LG Electronics has been particularly successful in India. The company has adopted advanced technology and localization strategies, making its home appliances, such as air conditioners and washing machines, highly popular among Indian consumers.
To meet the rising demand, LG operates two manufacturing facilities in India and is considering setting up a new plant as part of its expansion plans. Additionally, LG Electronics has been exploring an initial public offering (IPO) in the Indian financial market, signaling its long-term commitment to local operations.
Visit to UAE for Strategic Business Review
Following his engagements in India, Koo traveled to Dubai, United Arab Emirates (UAE), another key strategic hub for LG’s operations in the Middle East and Africa. In Dubai, he reviewed LG’s business performance in the region and engaged in discussions regarding the company’s long-term strategic direction for these markets.
With his visits to India and the UAE, Koo reinforced LG’s commitment to expanding its global presence and strengthening its operations in key emerging markets.
