WoongJin has kept fair and transparent management as the No. 1 rule of management principles since the early days of establishment. When it comes to transparent management, most of people only think of transparency in accounting, but WoongJin has complied with ethical management not only in accounting but also in purchasing, human resources and all other business activities.
Lack of coachi
management is guaranteed. Therefore, LGE can be managed effectively. The management can be transparent in that the ailing affiliates can be liquidated easily and people can recognize major shareholders well. Trading stocks also becomes much easier.
While changing the structure of company, LGE also tries to reduce the head office’s size to innovate. They disbanded many teams, including even ‘
Large change in thorough HR system
Outstanding changes in Staffing, Development system
North America Tour ProgramGlobal Executive MBA Career Development Program
2003’ LG Group: first large Korean conglomerate to announce a change to a holding company system
LGE got more freedom to pursue independent HR practices and encouraged transparency and professionalism in management
Lack
2. Private management about pension assets(AFP)
AFP is private company established for management ICA and property investments. Subscribers can choose AFP freely and move to other AFP accounts. AFP is fully restricted by SAFP(Superintendency of Pension Administrators).
The main character of AFP is shown as follows.
- AFP is restricted by SAFP
- AFP can only manage pension assets.
transparency triumph, which counts consumers are benefiting from almost total and utter transparency, as a result of the torrent of readily available reviews, leaks and ratings.
For this report, we started off with defining the concept of flawsome marketing as well as focusing on changes in companies’ risk management system. Then we continued on with analyzing the factors that caused those cha