Sokwoo Rhee is the Executive Vice President of Innovation at LG Electronics. Rhee joins Big Technology to discuss LG's innovative approach to business development through LG Nova. Tune in to hear how LG is developing new businesses in sectors like AI, healthcare, and clean tech, while emphasizing partnerships with startups. We also cover LG's investment philosophy and the importance of startup credibility. Hit play for insights into the future of technology and LG's plans to transform its business composition towards software and service-oriented ventures. Chapters 00:00 Innovating for the Future: LG's Vision 02:59 The Role of LG Nova in Business Development 05:49 Collaborating with Startups: A New Approach 09:09 Investment Philosophy and Partnership Dynamics 12:12 Building Credibility for Startups 15:10 Real-World Applications: Success Stories 17:56 The Evolution of LG's Business Model 20:48 Future Technologies: Where to Focus 24:02 The Importance of Application Over Technology 26:43 Conclusion and Future Outlook