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Also, he was an "invisible hand" in terms of widening LGES's client base to Tesla while he managed LG's battery business division. More companies moving to set up offices in Washington DC By Baek Byung-yeul Major Korean companies are beefing up their lobbying activities in Washington D.C. Under his leadership, LG Display rose as one of the world's top display suppliers by supplying displays to Apple. Kwon was the "hidden force," in terms of winning 1 trillion won worth of financial backing from Dutch-based Philips for the creation of LG Philips LCD, now LG Display. My assignment is to help LGES cement its position in the global battery industry," the vice chairman said.
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"LG's battery business is something that we can't afford to lose. Again, I feel a responsibility to do something," Kwon told The Korea Times by telephone. I find what I can do for the group and there is more work to do. Our ever-growing collection of award-winning Kdramas, Korean variety.
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Stream TV series and movies for free or subscribe to Viki Pass for an awesome HD experience, completely ad-free. "My decision to lead the LGES is the result of discussions with Chairman Koo. Watch all your favorite subtitled Asian dramas, movies, and TV shows from Korea, Mainland China, Taiwan, Japan, and Thailand anytime, anywhere, with Rakuten Viki. LGES has emerged as the cash-cow for the group, replacing LG Electronics.īut a recent recall campaign with General Motors and Hyundai Motor has called into question the validity of LGES's growth trajectory, and investors have been saying LGES is at a crossroads of growth with its top client Tesla intending to use cheaper batteries discounting LGES' share price. The appointment of Kwon, a veteran business person and also the top confidant of LG Chairman Koo Kwang-mo, came as LGES is facing a lot of daunting tasks and numerous challenges mostly related to client-oriented issues. In a rather surprise move, LG Group Chief Operating Officer (COO) and Vice Chairman Kwon Young-soo was appointed as LG Energy Solution (LGES) CEO, LG said, Monday. SEOUL (Reuters) Interest in learning Korean has spiked since the launch of hit Netflix show Squid Game, tutoring services reported. LG Chief Operating Officer and Vice Chairman Kwon Young-soo, front row right, is seen next to President Moon Jae-in, center, during a presidential visit to LG Energy Solution's battery manufacturing facility in Ochang, North Chungcheong Province, in this file photo.