Skip to Contents

Company Information

LG Electronics' corporate governance and organization is provided so that current and potential investors can better comprehend how the company is managed.

LG Electronics, Inc.(KSE: 066570.KS) is a global innovator in technology and manufacturing with operations in more than 100 locations around the world. With 2018 global sales of USD 54.4 billion (KRW 61.3 trillion) , LG is comprised of five companies ― Home Appliance & Air Solutions, Home Entertainment, Mobile Communications, Vehicle component Solutions and Business Solutions ― and is a world-leading producer of TVs, refrigerators, air conditioners, washing machines and mobile devices in addition to premium LG SIGNATURE products and ThinQ featuring artificial intelligence. For the latest news and information on LG Electronics,
visit www.LGnewsroom.com

Board of Directors

Following the launch of the holding company, LG Corp., LG Electronics operates under an advanced corporate governance structure that comprises a professional administrator and a Board of Directors.

This structure helps us deploy more transparent, value-creating management activities that help increase corporate and shareholder value.

Management System

When LG Electronics removed the Circulating Investment Structure of its affiliated companies (through the launch of a holding company system), this enabled the holding company to take full charge of investments.

Evaluation and Compensation

Compensation for the BOD members is made within regulations pertaining to BOD compensation that has been approved at the General Shareholder's Meeting.

Director
Young-Soo Kwon
Vice Chairman at LG Corp.
Chairman of B.O.D
Other director not engaged
in regular business
* Date of Appointment : March 2019
Seong-Jin Jo
Representative Director and CEO,
Vice Chairman at LG Electronics
Inside Director
* Date of Appointment : March 2018
Do-Hyun Jung
Representative Director and CFO,
President at LG Electronics
Inside Director
* Date of Appointment : March 2019
Joon-Keun Choi
Former CEO of HP Korea
Outside Director (Independent)
Audit Committee
* Date of Appointment : March 2018
Dae-Hyung Kim
Former CFO of GE Plastics Asia/Pacific
Outside Director (Independent)
Audit Committee
* Date of Appointment : March 2019
Yong-Ho Baek
Professor of Ewha University
Outside Director (Independent)
Audit Committee
* Date of Appointment : March 2017
Sang-Goo Lee
Professor of Seoul National University
Outside Director (Independent)
* Date of Appointment : March 2019

Management System

When LG Electronics removed the Circulating Investment Structure of its affiliated companies (through the launch of a holding company system), this enabled the holding company to take full charge of investments. Consequently, LG Electronics has been able to focus on its own businesses while increasing the overall value of the Company. This corporate governance structure has laid the groundwork for increasing managerial transparency. Through a responsible management system comprising of the CEO of LG Electronics and a Board of Directors, we are taking huge steps in strengthening our competitiveness at both the domestic and international level, in order to maximize corporate and shareholder value.

Evaluation and Compensation

Compensation for the BOD members is made within regulations pertaining to BOD compensation that has been approved at the General Shareholder's Meeting. The evaluation of management and executives of LGE is held annually. Top management and executives are evaluated to determine whether they have set and achieved challenging goals, whether their job objectives composed of quantitative and non-quantitative factors were achieved, as well as their capability through fair and objective process, and appropriate compensation corresponding to the outcome of the evaluation is determined.