LG Electronics has established a contract department for electronic equipment (automobile electronic devices) with employment conditions at Kookmin University, Hanyang University. As the electric vehicle market grows rapidly, it is to secure talented people in the electric field field to respond to it.
According to the industry on the 23rd, LG Electronics will operate a master’s program in the field of contract engineering at Hanyang University’s Kookmin University from the first half of next year. Hanyang University named the ‘Future Automotive Software (Software) Recruitment Contract Track’ and Kookmin University named the ‘Automobile Convergence SW Recruitment Contract Track’. This is the first case of a non-automotive company operating a curriculum in the field of electronics in cooperation with a university. LG Electronics provides all tuition and living expenses for the two years of the master’s degree. Upon completion of this course, recruitment of LG Electronics is guaranteed.
LG Electronics won 8 trillion orders in the first half… A rush of love calls from Mercedes-Benz and BMW
It is a strategic decision for LG Electronics to expand related businesses by newly establishing employment contract departments in the field of electronics at Hanyang University and Kookmin University. Considering the fact that global automakers have been inquiring about electronic products one after another, they decided to expand the organization.
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According to the industry on the 23rd, LG Electronics is expanding investment in infrastructure and manpower related to the electronics business. The R&D related to electronics is also included in LG Group’s plan to invest 106 trillion won over 5 years announced in May. A company official said, “At the beginning, the industry saw electric vehicles become mainstream in ‘10 years’, but recently, the timing has been moved to ‘5-6 years’. said
LG Electronics plans to start the ‘electronics talent nurturing project’ in earnest next year, starting with Hanyang University and Kookmin University. The goal was to increase business competitiveness by expanding the domestic electronics industry ecosystem.
The VS business division, which is in charge of the electronics business in this company, was a difficult place to expect profits just last year. This year, the atmosphere has changed dramatically. LG Electronics recorded an operating profit of 50 billion won in the second quarter of this year. It is the first time it has turned to black in 25 quarters since the fourth quarter of 2015. Sales this year are expected to reach 8,907 trillion won. It is an insider’s view that the proportion of sales from the electronics business will exceed 10% for the first time this year.
LG Electronics’ electronics business won 8 trillion won worth of work in the first half of this year alone. It has won orders for infotainment systems and high-performance telematics from Mercedes-Benz and BMW in Germany and Honda in Japan. This is the background of the evaluation that LG Electronics, a home appliance company, is trying to transform into an electronic device company. Other LG affiliates are also expanding their electronics-related businesses. Representative examples include LG Energy Solution (battery), LG Display (infotainment system), and LG Innotek (autonomous driving camera). An LG Electronics official said, “If the electronics business is equipped with technology and completeness, stable demand can be secured through the global supply chain.”
Recently, countries around the world are heating up their efforts to convert internal combustion locomotives to electric vehicles in connection with carbon neutrality. Last month, the European Parliament, the legislative body of the European Union (EU), passed a bill to reduce carbon dioxide emissions from new vehicles with internal combustion engines by 100% from 2035. The US government also announced in August last year that it would replace 50% of new cars sold in the country with eco-friendly electric vehicles by 2030.
Reporter Jung Ji-eun [email protected]