[THE INVESTOR] Jo Seong-jin, vice chairman and CEO of LG Electronics pledged to expand the company’s efforts to automate production facilities and to consequently enhance manufacturing competitiveness in the global market, according to officials on Nov. 26. 

“Capabilities at the production lines will determine the fate of the competition in the fourth industrial revolution era,” Jo said Friday at a workshop that invited officials from the company’s contractors, in Changwon, South Gyeongsang Province.

LG Electronics Vice Chairman and CEO Jo Seong-jin

“Ongoing efforts to improve efficiency in production lines at LG will be expanded to all manufacturing contractors,” he added, calling for contractors’ cooperation in the conglomerate’s vision of enhancing manufacturing competitiveness.

The heads of 98 LG suppliers attended the event. Sixteen of them won awards in recognition of technological innovation and quality improvement.

By Song Su-hyun/The Korea Herald (song@heraldcorp.com)