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Aiming to achieve the goal of No. 1 LG, LGE focuses on developing new products in winning and key businesses, and securing technology leadership. The company is set to exert considerable R&D efforts, specifically in the following areas:
| By selecting and concentrating on winning and key businesses, we develop No. 1 products and reinforce core technological capability. As such, we will invest 75% of our R&D budget for 2003 in winning and key businesses. |
| We will make every effort to continue to ensure product leadership in home appliances, digital AV, and optical storage, areas that capture market leadership. Based on such core technological capability, we will step up R&D efforts in developing new growth products. |
| In home network, mobile network, and other new businesses where markets are continually growing, we will develop complex products in response to the fusion of technology and products, invigorate the development of new products in cooperation with service operators, and participate in demonstration services together with relevant business operators using our digital technologies to capture market leadership. |
| In response to the full-swing operation of overseas business, we will reinforce the R&D system focusing on local business support in strategic areas such as China and India. We will also continue forging strategic alliances with major companies on standardization and new products to secure global R&D capabilities. |
In the mid-term, we will endeavor to explore new growth engines such as home network, mobile network, Internet appliance and home network-linked areas, businesses that are expected to continue to grow in the long-term.
In addition, we will continually nurture talented human resources and secure a considerable number of No. 1 talents who can help us achieve remarkable performance. As such, we will step up R&D efforts to achieve our goal of No. 1 LG and promote a performance-oriented R&D culture.
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