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WEF Names LG Smart Park in Changwon a Lighthouse Factory

LG Corp logoLG Corp
Sig3.20Sen+7.10Env+1.80Soc+1.30Gov+1.20

The World Economic Forum has designated LG Smart Park, LG Electronics’ Changwon production base, a Lighthouse Factory for Fourth Industrial Revolution technologies. Over the past five years, LG reports a 70% drop in defective return costs and gains in quality and efficiency. Three-dimensional logistics automation reduces warehouse space by 30% and cuts hourly material transport time by 25%, with plans to replicate the approach across 26 production facilities in 13 countries by 2025.

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