|Relocation of the LG International Head Office to the LG Building in Gwanghwamun, Jongno-gu|
|Date : 2019-02-01 | View : 42,686|
Relocation of the LG International Head Office to the LG Building in Gwanghwamun, Jongno-gu
- Relocation from the LG Twin Tower in Yeouido to the LG Building in Gwanghwamun, Jongno-gu … all employees will be working in Gwangwhamun starting from Feb 11.
- An exchange of the office space with the Energy Solution Company in LG Chem …following such an exchange, an expansion of the business synergy is expected to occur in each of the two companies.
On Jan 31, LG International declared that it will relocate its head office from the LG Twin Tower in Yeouido to the LG Building in Gwanghwamun, Jongno-gu, Seoul.
The length of the relocation project will roughly be about a week starting from Feb 2, and all of the employees of LG International will be working in the LG Building in Gwanghwamun from Feb 11.
The relocation of the LG International head office was decided upon so that the company can exchange the office space with the Energy Solution Company in LG Chem that is located in the LG Building in Gwanghwamun. The two companies were of the same opinion, which was that it was time to enhance the speed of decision making and create synergy by uniting the main businesses of each company to one place. In fact, the office areas of the two businesses had previously been separated.
A member of LG International stated that “Considering the business characteristic of LG International in that it conducts almost all its business in the overseas market along with the scale of the organization and human resources, the relocation of the head office is an extremely practical decision. Besides, this relocation will also enable easier communication with PANTOS, the affiliated distribution company which is located in the LG Building in Gwanghwamun.”
Meanwhile, the Energy Solution Company of LG Chem will relocate its office space to the LG Twin Tower in Yeouido where the LG Chem head office is located, as the continuous expansion of its business requires a considerable amount of discussions regarding investments and business strategy at a corporate level.