LS Group strengthens partnership with Japan

LS Group Chairman Christopher Koo, right in front row, poses with executives of its Japanese partner firms including Shigeru Oi, left in front row, president of JX Nippon Mining & Metals, and LS Mtron Chairman Koo Ja-eun, second from right in second row, at JX Nippon Mining & Metals' office in Tokyo, Monday. / Courtesy of LS Group

By Baek Byung-yeul

LS Group Chairman Christopher Koo visited Japan to strengthen business ties and seek opportunities there with the company's partners, the group said Tuesday.

On his five-day visit, Koo is scheduled to meet with executives of partner firms of the group's affiliates. The delegation also includes LS Mtron Chairman Koo Ja-eun and LS Group Vice Chairman Lee Kwang-woo among other executives.

Besides strengthening ties, the chairman's visit to Japan is to seek new growth engines for the group.

"Given Koo has emphasized the importance of having technological capabilities in the group's major businesses and urged employees to develop their executive abilities and produce outcomes, the chairman will carry out on-site management this year," an LS Group official said.

"The primary process to prepare for the future growth of the group will be accelerated as LS Mtron Chairman Koo Ja-eun will also take part in the group's future innovation organization, a division that shapes and carries forward the group's future strategies," the official added.

During the first day of his visit, Monday, the chairman met with Shigeru Oi, president of JX Nippon Mining & Metals, which has a major share in LS Group's copper smelting affiliate LS-Nikko Copper. LS Group said the two discussed measures to strengthen competitiveness in the copper smelting business.

Koo is also scheduled to meet with executives from engine manufacturing firm Yanmar, electronics equipment firm Furukawa Electric, Mitsubishi Motors and outdoor apparel and gear company Montbell to expand business partnerships.

"The Japanese companies have been partnering with LS Group affiliates including LS Mtron, SPSX, LS Automotive and LS Networks and they are recognized for their technological capabilities not only in Japan but also the global market," LS Group said.

On the last day of his visit, Koo will visit a Tokyo branch of Boston Consulting Group to map out the group's business plan by sharing successful cases of business portfolio transformation of Japanese firms.

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