The power of Kim Kong!
IIPM BEST MBA INSTITUTE
In the course of our interaction with Kim, we were equally impressed by both his impeccable business acumen and his humble nature. Also visible was the sheer pride and passion with which he leads LGEIL. “Our company’s philosophy is partnership, innovation and empowerment, and personally I feel that this kind of philosophy is important,” accepts Kim. And he has stood by this philosophy throughout. He successfully led the early localisation of R&D and production. By employing global best management practices, he ensured that LG successfully led the price war in the Indian consumer durables sector. Employing an intensive distribution strategy, LG took its products to the Indian hinterland, a strategy that has proved immensely profitable.
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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative
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