LG Group Chairman Koo Kwang-mo has expressed his will to expand the pool of female talent and foster female leaders. The move is seen as a new strategy to actively hire and foster female employees on a mid- and long-term basis, following the selection of many female executives at this year's regular reshuffle.
According to the business circles, Koo recently asked each LG affiliate to take active measures to nurture female talent. The measure is based on the judgment that growth and vitality of female talent are needed in order to secure the group's long-term growth vision. The chairman selected seven new female executives, including external recruitment.
They will be in charge of key tasks of each affiliate such as human resources development, technology development, big data, marketing, acquisition and merger. The number of female executives in the LG Group has increased to 29 in total, more than doubling in four years from 14 in 2014.
Chairman Koo is said to have a view that expanding the pool of female talent must be done in order to continue the expansion of female executives.
In order to prepare for the future, such as fostering new growth businesses, the group has strengthened the personnel promotion for R&D and engineering. About 60 percent of all promotions are those in the science and engineering fields.
It has carried out personnel appointments to secure competitive edge in future eating fields that can create new opportunities such as AI (Artificial Intelligence), Big Data, robots, 5G wireless communication, and intelligent Smart Factory.