LG Electronics CEO William Cho speaks during a press conference on Wednesday in western Seoul. [LG ELECTRONICS] LG Electronics plans to boost its annual revenue by more than 50 percent to hit 100 trillion won ($77.5 million) by 2030. The electronics company reported 65 trillion won in sales last year. To achieve its goal, LG Electronics will invest at least 50 trillion won by 2030, half of which will be spent on research and development. It will also 'reinvent' itself to become a solutions company rather than the home appliance manufacturer title which it has identified itself with for over six decades.

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