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May 26, 2022

LG expects to invest 106 trillion won in Korea by 2026 in battery materials and other fields

LG plans to invest 106 trillion won in South Korea by 2026 for R&D and expansion of state-of-the-art high-value production facilities and infrastructure, and 48 trillion won will be invested in research and development.


The 21 trillion won will be focused on research and development in areas such as batteries, battery materials, next-generation displays, AI data, biological and environmentally friendly clean technologies. LG will first invest more than 10 trillion won in batteries and battery materials for a period of five years.


LG intends to secure global leadership by strengthening pre-emptive investments in future growth areas such as batteries, battery materials, electrical fields, next-generation displays, AI, data, and looks forward to more than 10 years.


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