LG Electronics said Thursday it has joined hands with global office solutions provider Ricoh to enhance its business-to-business (B2B) sector, a key growth driver for the Korean home appliance firm.

LG Electronics (LG) and Ricoh are now collaborating on digital transformation solutions for modern office environments. The two companies will jointly drive sales and marketing activities for their collaborative efforts and will look to explore further business opportunities in the future.

LG Electronics Inc. said Thursday it has joined hands with global office solutions provider Ricoh Co. to enhance its business-to-business (B2B) sector, a key growth driver for the Korean home appliance firm.

Paik Ki-mun (right), head of LG Electronics' information display business division, and Takahiro Irisa, president of digital services at Ricoh shake hands in a signing ceremony held at LG Science Park in Seoul's Gangseo District on Sept. 12. (LG ...

Co Ltd will focus more on the business-to-business (B2B) market, whose growth is expected to outpace the consumer market.