Ryu Jae-cheol Takes LG Electronics CEO Role With Focus on Execution

Ryu Jae-cheol’s appointment as CEO of LG Electronics has put his execution-focused management approach in the spotlight. According to hankyung.com, Ryu joined GoldStar’s home appliance research lab in 1989 and is viewed as a technology-driven business leader who has led LG’s home appliance operations. His management philosophy is summarized as “revealing problems” and “strong execution.” Based on the belief that solutions begin with recognizing the essence of a problem, the problem-revealing initiative that began in purchasing and manufacturing competitiveness has expanded across the business value chain. LG Electronics’ HS Business Division held a “problem-revealing contest” for employees in Korea and overseas, identifying thousands of issues and proposed solutions. Ryu’s next task is to spread the execution-centered culture proven in home appliances across the company. Source: hankyung.com