LG Electronics’ “Life’s Good” global campaign in Dubai, the US, UK, Vietnam and more (Image courtesy of LG Elecs)
SEOUL, May 15 (Korea Bizwire) — LG Group has opted not to hold its annual mid-year strategy briefing in 2025, a significant shift in its traditional executive agenda as the conglomerate pivots toward accelerating the implementation of its long-term plans amid heightened global uncertainty.
According to industry sources on Wednesday, LG Chairman Koo Kwang-mo, who typically presides over the group’s strategy session each spring, has decided to forgo the event this year. Instead, the group will focus on executing previously established strategies at the affiliate level.
LG traditionally hosts two major annual gatherings: a strategy briefing in the first half of the year to review long-term goals and business directions, and a business review in the second half to evaluate performance and plan for the following year.
The strategy session, usually held at least once every three years for each affiliate, features direct reports from top executives to the chairman.
Over the past three years, major affiliates such as LG Electronics and LG Chem have already undergone their strategy briefings. With those sessions completed, the group has concluded that execution now takes priority over further high-level review.
The move reflects LG’s intention to respond swiftly to intensifying global economic challenges and secure future growth engines by reinforcing operational momentum.
This decision is not without precedent. In 2020, Chairman Koo consolidated the group’s annual meetings into a single fall session to streamline decision-making. However, the group reinstated the spring strategy briefing in 2022 to maintain agility amid a rapidly evolving business environment. LG is expected to resume its spring strategy session in 2026.
Meanwhile, other major Korean conglomerates are proceeding with their own strategic reviews. Samsung Electronics plans to hold its biannual global strategy meeting in June, bringing together senior executives and overseas heads to assess performance and market conditions.
SK Group will also convene its management strategy conference next month to review its ongoing portfolio rebalancing and enhance customer value and data protection strategies.
These strategy gatherings are key pillars of corporate governance for South Korea’s top business groups, often serving as barometers for their evolving priorities in an unpredictable global market.
Kevin Lee (kevinlee@koreabizwire.com)
