LG Way

The LG Way is a unique management philosophy that has been passed down through generations of LG managers and employees. Starting from the company’s establishment, the LG Way has continued as an embodiment of the spirit of LG’s vision, its experiences and management expertise accumulated over its history. Accordingly, the LG Way is the foundation for thought and action that every LG member should observe and practice. Simply put, LG Way is the call to becoming a premier company hence the essence of its strategic vision is embodied in No.1 LG. At its foundation is the management principles of Customer-Value Creation and People-Oriented Management, which are in turn implemented according to the high ethical standards of behavior delineated by Jeong-Do Management.

NO.1 LG, “Jeong-do” Menagement, Customer-value creation, People-oriented management
NO.1 LG, “Jeong-do” Menagement, Customer-value creation, People-oriented management
NO.1 LG, “Jeong-do” Menagement, Customer-value creation, People-oriented management

Vision

No.1 - The ultimate goal of LG is to be recognized as the market leader in business performance as well as in management practices

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Behavioral Mode

“Jeong-Do” ManagementEthical - Ethical management and code of conduct to enable capability development and fair competition

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Management Principles

Customer-value creation / People-oriented management - The fundamental organizational principle guiding LG from beginning as a firm

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  • No.1 LG
  • “Jeong-Do” Management
  • Management Principles

No.1 LG

No.1 LG, A lasting company which contributes to human prosperity and fulfills social responsibility by delivering sustained and differentiated customer values
No.1 LG, A lasting company which contributes to human prosperity and fulfills social responsibility by delivering sustained and differentiated customer values
  • No.1 LG
  • “Jeong-Do” Management
  • Management Principles

“Jeong-Do” Management

“Jeong-Do” Management, Integrity, Work transparently according to principles and standard, Fair Transaction, Provide equal opportunities and fair treatment in every transactional relationship, Fair Transaction, Improve capabilities with which one can fairly win the competition
“Jeong-Do” Management, Integrity, Work transparently according to principles and standard, Fair Transaction, Provide equal opportunities and fair treatment in every transactional relationship, Fair Transaction, Improve capabilities with which one can fairly win the competition
  • No.1 LG
  • “Jeong-Do” Management
  • Management Principles

Management Principles

1. Customer-value Creation

  • Customer Frist

    Think of customers as the top priority – the starting point of management

    Make decisions with the emphasis on the end-user

  • Delievery of Substantive Value

    Be on step ahead in finding latent customer needs

    Provide the best products and services that exceed customer expectations

  • Innovation Driven Creation

    Come up with differentiated ideas that sleep “outside the box”

    Always look for and practice better method and practices

2. People-oriented Management

  • Self-management and creativity

    Take ownership in all matters and take initiatives

    Break free from conventional ways to pursue new ideas and think outside the box

  • Respect for human dignity

    Respect diversity and dignity of individuals

    Consider people as the most important asset

  • Capability development and actualization

    Believe in your ability to become Number One and focus on developing competencies through work

    Provide the opportunity for individuals to demonstrate their potentials to the maximum

  • Performance-based reward

    Set a challenging goal and make sustained achievements

    Evaluate and compensate fairly to reflect short and long-term achievements