LS Group commits to customer-centered solutionsLS Group Chairman Koo Ja-eun emphasized the importance of “maximizing synergy between existing businesses and future enterprises,” in an address in January.
In line with the fourth industrial revolution, LS Group is prioritizing a digital transformation as the company’s future strategy and made a step toward becoming a digitalized company by grafting state-of-the-art technologies onto the existing manufacturing industry.
With digital technologies such as IoT and big data, each affiliate came up with solutions that can provide differentiated values and new experiences to customers by analyzing data based on the various situations that customers could experience while using their products.
LS Cable & System recently implemented “One Pick,” an online business-to-business cable sales system. One pick allows cable retailers to check the inventory of cables in real-time, request a quote, purchase and confirm shipment. With the introduction of this system, distribution stores can check inventory and shipment status in just one minute. The process previously took half a day.
LS Electric is operating a smart factory, the core of manufacturing innovation, in Building G of its Cheongju 1 Plant. In the factory, an automation system has been established across all lines, from parts supply to assembly, testing and packaging.
After shifting to a smart factory, the units produced per hour increased while energy consumption has been reduced by more than 60 percent. Production efficiency also improved dramatically as the error rate reached the global smart factory level of seven parts per million.
Accordingly, LS Electric’s Cheongju Smart Factory was recognized by the World Economic Forum last year.
LS-Nikko Copper is in the process of developing the Onsan Digital Smelter, a smart factory system that automatically connects the entire production process of the Onsan smelter. The Onsan Smelting Plant is expected to become the leading smelter in the industry by strengthening production efficiency and stability, as well as securing safety and protecting the environment. It is expected to become a future growth engine for LS Group.
LS Mtron is leading the advancement of Korea's agriculture by launching LS SmarTrek, an autonomous tractor, and remote management service iTractor. LS SmarTrek is a cutting-edge tractor that works on farmland by itself without a driver. With this tractor, even novice farmers can perform precise work, shortening cultivation time and increasing the yield.
BY HAJIN KIM (email@example.com)