LG Group unveils plans to boost investment

LG OLED TV at CES 2012 LG has been launching new products in an attempt to boost its global market share

Related Stories

South Korea's LG Group has announced plans to increase investment, in an attempt to boost its market share amid strong competition.

The firm said it would invest 20tn won ($19bn; £12bn) in various subsidiaries, including LG Electronics, in 2013.

The investment will be used to boost production facilities and fund research and development of products.

LG, one of South Korea's biggest groups, is facing increased competition from rivals like Samsung.

Almost two-thirds of the investment will be allocated to increase production facilities at the group's electronics businesses.

This will include expanding production lines to manufacture ultra-high resolution liquid crystal display (LCD) and organic light emitting diode (OELD) display panels.

The firm said that its research and development investment would focus on developing smartphone software and next generation flexible and transparent display panels.

According to some sources, the 20tn won annual investment is the highest announced by the group.

LG did not immediately respond to the BBC's request to confirm that is the case.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories


Features & Analysis

Elsewhere on the BBC

  • The AmericansThe good guys?

    A US TV show examining the Cold War is offering a radical revision of history, writes Eric Kohn


  • Virtual courtroomClick Watch

    The 'forensic holodeck’ system that recreates crime scenes as 3D virtual worlds

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.