LG to invest $74 bn in South Korea over five years

LG Group will invest 100 trillion won ($74.42 billion) in South Korea over the next five years, Reuters news report said.
LG Display for televisionLG Group aims to ensure it remains competitive by allocating half of the domestic investment in future technologies such as artificial intelligence (AI), environmentally clean technology and other growth fields such as batteries, auto parts, and next-generation displays.

It did not offer a breakdown of the investment by affiliate companies, which include LG Electronics, petrochemical LG Chem and battery maker LG Energy Solution.

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