The South Korean firm has announced that it will invest approximately $19 billion in various subsidiaries, including LG Electronics, during the course of 2013. This investment will be used to boost production facilities and fund the group’s research and development activities.
It is understood that almost two-thirds of the investment will be allocated towards increasingly the group’s production facilities at its electronics business. This will include expanding production lines to manufacture ultra-high resolution liquid crystal display (LCD) and organic light emitting diode (OELD) display panels.
Meanwhile, the firm said that its research and development investment would focus on developing smartphone software and next generation flexible and transparent display panels.
