[Advanced Industry Development] LG "54 Trillion Won Investment in Future Industries Over 5 Years"

LG Group announced on the 15th that it plans to invest 54 trillion KRW in future industries over the next five years. This plan comes as the government has decided to proceed with private-led investments totaling 550 trillion KRW by 2026 in six advanced industrial sectors: semiconductors (340 trillion KRW), displays (62 trillion KRW), secondary batteries (39 trillion KRW), bio (13 trillion KRW), future cars (95 trillion KRW), and robotics (1.7 trillion KRW).

[Image source=Yonhap News]

On the same day, Hong Beom-sik, LG President, attended the 14th Emergency Economic and Livelihood Meeting held at the Blue House State Guest House and stated, "We plan to invest approximately 54 trillion KRW domestically in future growth sectors over the next five years until 2027." He explained that this investment aims to further solidify global competitiveness and proactively prepare for a sustainable future.

President Hong added that LG plans to focus investments on strengthening 'global leadership' in future automotive fields such as batteries, electric vehicle parts and materials businesses, next-generation display sectors, as well as in fields creating future markets including artificial intelligence (AI) and software, bio and healthcare, and clean tech.

Specifically, LG will invest 44 trillion KRW in future automotive-related industries such as batteries and electronic components, and in next-generation display technology sectors where it holds leadership in the global market. Approximately 10 trillion KRW will be invested in AI and software, bio and healthcare, and clean tech sectors to lead future market creation and secure future technologies.