South Korean home appliance maker LG Electronics Inc will set up a new business unit in Silicon Valley, California to explore new business opportunities and cooperate with leading tech firms there.
Rhee Sokwoo, who served as an associate director at the U.S. National Institute of Standards and Technology (NIST), will head the unit named LG's North American Innovation Center.
LG will also put up a business incubation center to support various new business opportunities and a "CX Lab" that will be managed directly under the CEO to boost design capability related to user experience.
The CX Lab will focus on studying how design affects the manner consumers interact with products.
Meanwhile, LG's robot business center will be now managed under its business solutions unit.
Other restructuring commitments include establishing separate divisions for refrigerators and dryers under the H&A Living Appliance Business and giving the Air Solutions Business a separate System Air Conditioner division.
There would also be the Disruptive Technology Innovation Lab and Disruptive Product Innovation Lab, which infuses R&D principles with the product planning.
Lyu Jae-cheol, who has been leading its living appliance business, has been promoted as the new chief for its home appliance & air solution (H&A) business division.


Coles Group Q3 Sales Rise Driven by Supermarkets and E-Commerce Growth
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales
Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue
Supreme Court Asked to Reinstate Mail-Order Access to Abortion Pill Mifepristone
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand
Berkshire Hathaway Q1 Earnings Jump 18% as Greg Abel Signals Disciplined Growth Strategy
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges 



