SEOUL (Reuters) – LG Electronics said on Wednesday it is targetting 100 trillion won ($77 billion) in sales by 2030 and plans some 50 trillion won of investment as the company announced its future strategy.
The South Korean company also said in a regulatory filing it is aiming for an operating profit margin of 7% by 2030.
It plans to pivot to a platform-based service business, grow its vehicle components business and others catering to corporate clients, and enter new markets such as electric vehicle charging and digital healthcare, LG said.
($1 = 1,292.1700 won)
(Reporting by Hyunsu Yim, Soo-hyang Choi and Joyce Lee; Editing by Ed Davies)
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