\n SEOUL, LG Group said Wednesday it will invest 100 trillion won (US$74.4 billion) in South Korea by 2028 to sharpen future technologies and seek new growth drivers.<\/p>\n
Unveiled at the group’s annual shareholders meeting in Seoul, the long- and mid-term investment plan places an emphasis on advancing future technologies, including artificial intelligence, bio and clean tech, and pivotal business sectors, such as battery technology, auto parts, and next-generation displays, according to LG Group.<\/p>\n
This investment accounts for 65 percent of LG Group’s annual global investment, reflecting the company’s commitment to driving innovation and fostering growth in its home market, it added.<\/p>\n
The company said some 55 percent of the planned investment will be allocated to research and development (RandD) initiatives aimed at establishing South Korea as a premier hub for innovation in key materials and manufacturing processes, including the development of smart factories.<\/p>\n
“We will closely monitor the changes in the industr
\nies around us and create a solid business structure that can perform under any circumstances by strengthening the intrinsic competitiveness of the entire business,” LG Chairman Koo Kwang-mo was quoted as saying.<\/p>\n
LG Corp., the holding company of LG Group, posted 7.4 trillion won in sales and 1.6 trillion won in operating profit last year.<\/p>\n
Source: Yonhap News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
SEOUL, LG Group said Wednesday it will invest 100 trillion won (US$74.4 billion) in South Korea by 2028 to sharpen future technologies and seek new growth drivers.<\/p>\n
Unveiled at the group’s annual shareholders meeting in Seoul, the long- and mid-term …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\n