Samsung, LG unveil plans to foster future growth engines in 2021

South Korea’s two electronics giants Samsung Electronics and LG on Monday vowed to foster their future growth engines in 2021 as they unveiled New Year’s goals amid the pandemic.

Samsung, the world’s largest smartphone and TV vendor, said it aims to actively cope with social and economic changes induced by the COVID-19 pandemic so that 2021 can be the year that provides a platform for its future growth.

“The transition to the era of data and intelligence is accelerating with the rise of new technologies and businesses,” Samsung Electronics Vice Chairman Kim Ki-nam, who leads the company’s chip business, said in the company’s New Year kickoff meeting held online.