CEO: LG Electronics to greatly strengthen AI and robotics

Tinuku - The head of LG Electronics Inc. has said the South Korean consumer appliance giant will move to strengthen its artificial intelligence (AI) and robotics business within the year as part of its future growth strategy.

Jo Seong-jin told reporters at this year's Internationale Funkausstellung (IFA) Berlin on Friday that the company plans to greatly increase the number of engineers and expand the support base for AI and robots.

Tinuku CEO LG Electronics to greatly strengthen AI and robotics

"The world is heading toward an era of AI and that embracing the new trend is critical," Jo said.

The LG executive has repeatedly made clear that AI and robots are the future and that the company has to excel in the fields to get ahead in the business world. The CEO then said that in the area of robotics, the South Korean electronics company will concentrate on home, public and industrial machines, as well as leading in the area of exoskeletons.

The company unveiled its CLOi SuitBot, an exoskeleton that can help workers lift and move heavy objects, at the tech exhibition in the German capital. Jo said that besides increasing the workforce within the company, LG will engage in mergers and acquisition with companies in related fields or seek broad partnerships.

Besides future industries, the CEO said LG has confidence that its Signature Kitchen Suite unveiled at IFA will be a success. The collection is a type of built-in kitchen solution that is popular in places such as Europe and in North America.

"Because there are only a handful of markets that can purchase premium products, the company will strive to win over European consumers," Jo said.