LG "100 Trillion KRW Domestic Investment Over 5 Years... 50% Allocated to AI, Bio, and Cleantech"

62nd Shareholders' Meeting
"Fostering Domestic Manufacturing as a Core Base"

LG Group will invest approximately 100 trillion won domestically by 2028. In particular, the strategy is to secure differentiated competitiveness by investing 50% of the domestic investment amount in growth areas such as future technologies like artificial intelligence (AI), bio, and cleantech, as well as batteries, automotive parts, and next-generation displays.

On the 27th, LG held its regular shareholders' meeting at the LG Twin Towers in Yeouido, Seoul, sharing this mid- to long-term investment plan.

This corresponds to 65% of LG's total global investment scale, and LG announced that about 55% of the investment funds announced this time will be投入 into research and development (R&D), aiming to foster Korea as a core base for manufacturing, including core material R&D and smart factories.

Koo Kwang-mo, Chairman of LG Group. [Photo by Yonhap News]

LG Group Chairman Koo Kwang-mo, through a greeting read by Kwon Bong-seok, Vice Chairman of LG Corporation, said, "This year, we want to focus even more on 'differentiated customer value' and 'strengthening the fundamental competitiveness of our business,'" adding, "We will closely observe changes in upstream and downstream industries in our main businesses and build a solid business structure that delivers results under any circumstances by strengthening the fundamental competitiveness across the entire business."

He continued, "For growth businesses, we will secure core competencies demanded by customers and markets early to commercialize them as main businesses, and for future businesses, we will accelerate efforts centered on AI, bio, and cleantech fields to develop them as a key pillar of our future portfolio."