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What does innovation mean to your company and how does it impact your business strategy?

LSIS innovation is defined as any real reform activity. These days, global businesses and technology environments see their existing businesses and technologies being replaced at alarming speeds by new ones through the combination and convergence of diverse businesses and technologies. In the energy industry where LSIS engages, Internet of Things, big data, and innovation of manufacturing are emerging, ushering in a smart era of ICT combination and convergence and a direct-current era that can change the existing electric power paradigm.

To lead the way in such an era, LSIS continues to pursue real reform activities from the 3P (product, process, and people) perspective.

Our Innovation Department at HQ leads efforts to define challenging tasks and to resolve problems. Based on technological innovation strategies, we continue to invest 6% of our turnover in conducting R&D and securing intellectual properties.

Notably, in 2015, we proclaimed a value-based management philosophy to ensure our corporate perpetuation by steering all employees toward a single direction. We newly established our mission (Futuring Smart Energy), vision (G365), and core values (collaboration, execution, creativity, and integrity), thereby laying the groundwork for becoming a global corporation.

How do you encourage and instill a culture of innovation within your organization?

The energy industry field where LSIS engages is rapidly changing nowadays but is conventionally conservative compared to other industries.

To establish a culture that is somewhat in contrast to such a conservative business environment, we conduct diverse innovative activities and campaigns, evaluate our innovative activities according to indices, and award incentives to the best innovative department.

Our major innovative activities include: Value sharing by which each and every employee, based on an understanding of their job, has resolute determination to fulfill challenging goals and establishes and internalizes key values toward that end; and Big-Y activities by which we endeavor to establish an innovative organizational culture and to share cases of innovative activities. Our top executives carry out field management activities to promote and encourage innovative activities. This drives us to push ahead with our work with all our hearts and minds, and even souls, and to create a dynamic organization into which we put our “souls.”

What is it like to lead one of the world’s top 100 most innovative companies?

Together with all our employees, I am very pleased and proud that LSIS has ranked among the Top 100 Global Innovators for five consecutive years as we practice real innovative activities to pursue our businesses aggressively in anticipation of changes in the very conservative energy industry.

I feel duty-bound and challenged to establish “the smart solution culture” harmoniously based on the seemingly contrasting conservatism and innovation. Based on such efforts, we vow to open up the future of smart energy and lead the way and to grow LSIS as a global innovative company.

What do you consider to be your most innovative assets?

What I consider to be the most innovative assets of LSIS are our organizational culture of harmony of conservatism and innovation that the company has established and continued to maintain and our employees who clearly understand our culture and who are equipped with fast action and global business capabilities.

The energy industry is rapidly changing nowadays, but the essence of the business that values reliability and stability will not be changed. Thus, the strongest innovative assets for the energy industry are believed to be the environment, i.e., organizational culture that carries on the essence of business yet pursues innovation, and human resources as the starting point of a virtuous structure for the development of products that can surpass our customers’ expectations -- amid such organizational culture -- through invention based on creative thinking and through the embodiment of invention.