The LX Holdings logo is seen in front of its office in Seoul in this undated file photo. Korea Times file
By Lee Min-hyung
LX Holdings Chairman Koo Bon-joon / Courtesy of LX Holdings
LX Holdings will place its 2025 management focus on expanding revenue streams abroad even in the face of mounting geopolitical uncertainties posed by prolonged economic downturn and trade protectionism, the company said Monday.
“We will secure our differentiated competitiveness by attracting new clients and finding global business opportunities,” LX Holdings Chairman Koo Bon-joon said during the firm’s regular shareholders’ meeting.
The statement comes as global trade uncertainties continue to escalate, with major economies around the world increasingly adopting protectionist policies following the reelection of U.S. President Donald Trump.
Despite the volatile global trade environment, Koo pledged to turn the ongoing crisis into opportunities by strengthening its group-wide trade vigilance and sophisticating its business structures.
“LX will keep gaining competitive edges in our global business, so we can ensure sustainable growth,” Koo said.
LX Holdings is on track to stabilize its earnings, with the company reporting an operating profit of 156 billion won ($106 million) last year, up 113.2 percent from the previous year. The robust earnings growth was driven by its efforts to realign its business portfolio.
The firm’s key affiliates are also going all-out to build a solid revenue structure with a focus on their global business.
LX Pantos, a global logistics service arm of the group, is diversifying its revenue portfolios by winning more orders from overseas clients in key strategic regions, such as North America, Hungary and Indonesia.
LX Hausys, another major affiliate producing housing materials, is solidifying its core competitiveness in the industry by launching new products and expanding its overseas sales despite the protracted downturn in the construction industry.
LX Holdings passed major agendas during the latest shareholders’ meeting, including the reelection of LX Holdings CEO Roh Jin-seo as its internal director.
The company also appointed Cha Kook-heon, dean of Seoul National University’s College of Engineering, as its new external director.
Cha is one of the nation’s most experienced engineering experts. LX expects him to help the group map out its business roadmap and generate synergies among its affiliates.
LX Holdings also decided to offer its 2024 annual preferred dividend of 300 won per share. Common stock investors are also eligible for cash dividends of 290 won per share.
