April 20, 2024

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[THE INVESTOR] LG Electronics said on Nov. 28 it has opened two new organizations under the direct control of its CEO that will focus on bolstering its robot and self-driving solution businesses.

The two were created as part of a regular reshuffle which promoted 56 executives. LG said it decided to bring some changes to the structure as well to reflect its business strategy.

The Korean tech giant said it opened the robot business center and the self-driving team in line with efforts to foster new growth engines.

The new robot center will focus on developing new robotic products and services. The organization will bring together staff from various robot-related teams throughout the company.

The self-driving business team will make long-term investments related to emerging technologies, the company added.

The tech giant said it will also open the North America Research & Development Center, which will incorporate different research bodies in the United States and Canada.

LG expanded the convergence business development center under the CEO to speed up synergy among artificial intelligence, Internet of Things and 5G network technologies.

The tech giant said it will maintain the current five-division system but will change the name of the vehicle components arm to Vehicle Component Solutions, reflecting the efforts to expand its portfolio. The business-to-business division was renamed as the Business Solutions division.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)