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Article: LG 'Recession Strategy Working,' Says LG Electronics USA President.
- Article from:
- PR Newswire
- Article date:
- July 31, 2009
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NEW YORK, July 31 /PRNewswire/ -- LG Electronics' "strategy to overcome the global recession is working," the company's U.S. president declared today.
In his keynote address at the LG Summer Line Show in New York, Teddy Hwang, president of LG Electronics USA said strategic investments and cost efficiencies are at the heart of its successful business strategy. He pointed to LG Electronics' just-released corporate financial results, reflecting record-high sales and operating profits for the second quarter of 2009, "major accomplishments in this economic environment."
On a global basis, sales increased 12 percent to $11.2 billion, resulting in a 6.1 ...