The Korea Herald : The Nation's No.1 English Newspaper - 0 views
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LG Group said yesterday that it would invest 15 trillion won ($13.35 billion) in facilities and research and development, the largest ever annual investment in the conglomerate's history.
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The announcement on LG's aggressive investment target came after LG Group chairman Koo Bon-moo recently said that LG should become an innovative technology company that creates a higher level of customer value.
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Out of the 11.3 trillion won facility investment fund, the group will allocate more than 3.5 trillion won in expanding LG Display's eighth-generation production line in Paju, Gyeonggi Province, to target a larger market share in large-sized TV screens, according to LG Group.
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