South Korea's LG Group says plans record 6.3 trillion R&D investment in 2015
Reuters
Published Mar 11, 2015 09:20PM ET
South Korea's LG Group says plans record 6.3 trillion R&D investment in 2015
SEOUL (Reuters) - South Korean conglomerate LG Group on Thursday said its companies plan to invest a record 6.3 trillion won ($5.57 billion) in research and development in 2015 to secure future growth.
LG Group, which has arms including appliances maker LG Electronics Inc (KS:066570) and LG Display Co Ltd (KS:034220), said in a statement that technologies like electric car batteries, next-generation displays and the so-called Internet of things were key areas for investment.
An LG Group spokeswoman said the conglomerate spent a combined 5.9 trillion won on research and development last year.
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Written By: Reuters
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