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Throughout all of its 49 years of history, LGI has been
dedicated to promoting the growth of exports and the national economy.
In order to strengthen our internal base for business operations and
management, LGI is leveraging its rich experience and competitive edge
to focus on strategic lines of business. We are also exploring and pushing
ahead with new business opportunities to ensure continued growth.
LGI is very active in trade. We export products and plants, import industrial
raw materials and energy, and provide numerous different products on the
domestic market including IT equipment.
In fashion, we have established a high-profit oriented brand portfolio
in men’s clothing. By emphasizing brand building, cost reduction, and
maximization of consumer satisfaction, LGI expects to become “Fashion
Powerhouse Korea.”
The key to LGI’s consistent profits is in its attractive business portfolio.
It seeks a balance between exports/imports and domestic businesses. The
bulk of LGI’s profits are derived from distribution in Korea and in other
countries, allowing LGI to respond more quickly and flexibly to a slowdown
in any specific industry. Moreover, LGI is reaping rewards from its restructuring
effort, which it had begun even before the 1997 financial crisis. It took
decisive action in dealing with its unprofitable operations. As a result,
LGI was able to buck the trend and remain profitable through the economic
slowdown and the deterioration in export conditions.
LGI has also never lost sight of the importance of maximizing shareholder
value. We will continue our drive to create value based on EVA management
in each line of business and maintain a high dividend yield.
By emphasizing the importance of “Challenge, Teamwork, and Professionalism”
as the three facets of a sound organizational culture, LGI seeks to become
the most favored employer in the job market. It is committed to offering
the “Best Compensation for the Best People.” We will expand our performance-based
incentive system to develop the best talent in each line of business and
to appropriately match compensation to performance. High-performing employees
will be identified for fast-track career development.
These are but a few of the many ways in which LGI is working to become
a world-class general trading company. We are contributing to national
wealth through exports; offering the highest value to our customers, shareholders,
and employees; and imbuing a sense of recognition and hope to our most
talented people.
On behalf of everyone at LGI, we thank you, our customers, for your continuing
support and interest. I hope you enjoy your visit to our home in the realm
of the Internet and learn more about our company and our dreams.
I look forward to working with you as LGI pursues its on-going quest
to lead the growth of the Korean economy and become a global leader in
the digital era of the 21st century.
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