LG

LG Electronics announces Jo Seong-jin as new CEO

LG Electronics announces Jo Seong-jin as new CEO
The year of 2016 has seen the release of some pretty incredible smartphones. The Galaxy S7 resolved everything that was wrong with the S6, the new Moto Z line introduced the world to Moto Mods, and the OnePlus 3/3T set the standards for what to expect from a smartphone for around $400. All of these handsets saw a great deal of fanfare, but when looking back at 2016, one company that didn't see that much success is LG. The company released two flagship phones this year – the G5 and V20 – but neither of them turned out to be major hits. The former introduced a lackluster modular platform, whereas the latter was announced and released during the same time period of the Apple iPhone 7. These actions resulted in LG being faced with a 23-percent loss in sales this previous quarter as compared to where they were that same time in 2015.

But things may be about to change, as LG has announced that they've appointed a new CEO to take charge of the company's Electronics business. The new CEO is Jo Seong-jin, who will be overseeing all of LG Electronics' business units, Mobile Communications included. Up until this point, Jo Seong-jin has been the head of LG's Home Appliance & Air Solution section. Seong-jin has had this position since 2013, and during his time there, he was able to increase the department's profit by 25-percent back in 2015.

Seong-jin has been with LG (formerly Goldstar) since 1976 and he's been rising up the ladder ever since. In 2007, he was honored by the Korean government for his contributions to the development of Korea's technological industry, so it's quite obvious that he knows what he's doing.

Meanwhile, LG's Mobile Communications will continue to be led by CEO Cho Juno, yet Seong-jin's influence could be what would steer the division into profit. LG Mobile has been in trouble for some time, reporting quarterly losses ever since the second quarter of 2015. That means LG's mobile sector hasn't turned a profit for six consecutive quarters. 

Next year should see the release of devices like the G6 and V30 from the company, and with a new CEO to take charge of the company's Electronics business, here's to hoping that LG can wow us once again like they were able to in years past. 

UPDATE: Jo Seong-jin is the new CEO of LG Electronics, not the new CEO of LG mobile, as was originally reported. The article has been updated to address the error.

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31 Comments

1. fyahking

Posts: 1146; Member since: Jan 28, 2015

I am loving my V20! Took the 7plus back and no looking back.:)

2. wargreymon

Posts: 764; Member since: Nov 05, 2013

I hope he has a brain which sadly they haven't had recently. LG makes good phones, but timing and distribution has been totally f-ed up.

9. BlackhawkFlys

Posts: 927; Member since: May 07, 2014

They had 3 CEOs, who does that?

3. PHYCLOPSH

Posts: 654; Member since: Jun 28, 2014

This is very good news. Love this G5, but would like LG to be successful as well. Looking forward to a kick-ass G6 and G7.

4. patrioticwarrior

Posts: 134; Member since: Nov 09, 2016

Lg makes good boot loop phones

6. gendo

Posts: 55; Member since: Feb 23, 2015

Super funny. Original too.

12. belosava

Posts: 127; Member since: Apr 14, 2014

Lg haters trolling.

17. Klinton

Posts: 1409; Member since: Oct 24, 2016

LG is the second best phone maker on the Planet. No matter what.

20. WakaFlakaD

Posts: 576; Member since: Apr 30, 2011

Yup I had seen it too many times

5. shield

Posts: 861; Member since: Sep 12, 2015

LG G6 need this: a new camera, better battery 4000mAh ideal, Better design, IP68, price / performance ratio, a stereo, and a new IPS display, or OLED. PLS This show at G6 and people G6 will buy like hotcakes, and can again overcome Galaxy S8 as once surpassed LG G3 - S5.

26. technut

Posts: 205; Member since: Aug 03, 2012

I agree on the switch to Oled displays. If LG can manufacture the best TV screen (Oled), why are they not up to pay with Sammy's Oled phone screens?

7. AndroidsDaBest

Posts: 3; Member since: Dec 01, 2016

Let's make LG great again!

8. cryptonx

Posts: 60; Member since: Jan 05, 2016

And please less bland phones. The g5 and v10/20 are super bland imo

18. Klinton

Posts: 1409; Member since: Oct 24, 2016

Agree. But not so bland as Pixel though. (and iPohone7, of course)

10. Amir123a

Posts: 126; Member since: Aug 27, 2016

Lg, get this to your brain. No modular s**t, not "second display" s**t. Give oled, 90% screen to body ratio, front stereo speakers, huge battery, camera is very good but it needs to be the best to beat samsung, for start. V20 is a very good device, but its not enough to beat apple and samsung in sales. It needs to be amazing.

19. Klinton

Posts: 1409; Member since: Oct 24, 2016

I'm with you here!!!! Except of the 'front speakers' BS.

23. Amir123a

Posts: 126; Member since: Aug 27, 2016

Front speakers are no BS. axon 7 and 6p speakers are fantastic with axon 7 industry leading in loudness and quality. LG should learn! Many consumers desired loud front facing speakers. You are a minority.

11. BobLawblaw unregistered

Maybe if they sold their phones worldwide they'd make a bit of a profit. Why the feck don't they release the v20 here in Europe?

13. nbrenner

Posts: 3; Member since: Dec 16, 2014

What is the GG phone? Was that just a typo for G6?

14. Crispin_Gatieza

Posts: 3164; Member since: Jan 23, 2014

Loved my G5 until the Nougat update. Horrible battery life and horrible cellular connection. Thanks Google.

15. gendo

Posts: 55; Member since: Feb 23, 2015

That sucks. I haven't had a single issue.

16. chenski

Posts: 777; Member since: Mar 22, 2015

Lg make great phones, they just need to market them better

21. Tanii

Posts: 132; Member since: Apr 30, 2015

I had to take out lg phones from my consideration due to boot loop issues.

22. TA700

Posts: 83; Member since: Mar 29, 2013

Hopefully he doesn't mess up the V series.

24. Niks98

Posts: 1; Member since: Dec 03, 2016

What LG and companies like Sony, HTC , I think, lacks is the X-factor which companies like Apple, Samsung or Chinese companies has over Uniqueness, Designs, advertisement, cheap pricing respectively. Every company must have it's competitive edge over rivals to succeed extraordinarily. Like Google also tried to have this by it's own digital assistant.

34. Shamoy

Posts: 112; Member since: Dec 28, 2013

Of all these companies, I believe Sony has the capacity and capability to set themselves apart but they just aren't focusing on that at present. They are trying to fix their business structure and raise profit margins.

25. tangbunna

Posts: 488; Member since: Sep 29, 2016

LG = Lie Genius . no software update as they ussd to promised for flagship phones older than 2 years.

29. wargreymon

Posts: 764; Member since: Nov 05, 2013

What are you talking about? LG flagships get 2 new Android versions and patches in between. Had been like that since G2.

28. combatmedic870

Posts: 986; Member since: Sep 02, 2015

Release the v34 in the US and I'd buy it

30. KINKLE69

Posts: 1; Member since: Dec 04, 2016

Hi ... I have an LG G3 D851... And i really love it ....even though it doesnt have stereo speakers the processing speed is better then other hones that i have had... The screen is clean and clear and stands out with true Hd And 4K-UHD .... So i am going to probably tick someone off with this but oh well ... If you are going to build a phone with a 4k screen dont you think that you should put at the minimum of 2 but at the max 4 speakers so you can hear the quality of its true originalization... Think about it my phone has a 1 watt amp for a 1 watt speaker and its pretty loud and clear... But just think if you guys would have put two of those amps and speakers in the v20. Then you guys wouldnt be having 2 flagships that sunk....

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