LG has met with over 250 suppliers at a special event in Korea, vowing to work more closely with them during the current economic downturn. LG Electronics CEO Yong Nam said "Collaboration and partnerships are more important these days as those are ways to allow us to get through the economic downturn and to be fully prepared for the future". In addition, LG and its partner companies have agreed to proactively address environmental issues and collaborate on the development of eco-friendly products. [
Press release]