Purpose Based on the guidance of the previous management meeting, the team asked our management team to prepare and announce this briefing. In the development process, we set two goals. Quanta v An overview of the lawsuits of LG Electronics and the organization is Quanta v. This is an introduction of industry latest research on how to handle similar problems related to LG Electronics. For this purpose, our management team reviewed the details of the Quanta v LG Electronics litigation.
LG Group is a Korean multinational corporation that manages subsidiaries such as LG Electronics, LG Telecom, LG Chem, etc. which manufacture electronics, chemical products and telecommunications products. In more than 80 countries. LG is a world leading manufacturer of mobile phones, flat-screen TVs, air conditioners, front loading washing machines, optical storage devices, DVD players, home theater systems. LG Electronics Mobile Communications (LG) is a leading manufacturer of mobile phones. Through its state-of-the-art technology and innovative design capabilities of mobile phones, LG offers a mobile experience optimized for customers around the world. LG is an advanced wireless solution and is rapidly expanding global business and market share
LG Electronics began implementing cooperation strategies in China. Established in 1993, LG Electronics Huizhou Co., Ltd. Is the first company settled in China, 80% of which is owned by LG Electronics and 20% by TCL. LG currently has 14 operation centers based on major products in China. The company's five companies are fully owned and the rest are partnerships, of which LG Electronics owns more than 70% of its shares. The fully owned entrant model requires the highest managed resource commitment, which means higher risk, but because LG recognizes the great potential of the Chinese market and sets itself, in an advantageous position , Prepare for anticipated competition. At the same time, LG Electronics employs a highly devoted cooperative strategic arrangement to diversify risks and avoid competition.