LG Group to invest $74.4 bln over next 5 years (updated)

LG Chem

27/03/2024 01:59

(Adds details in paragraphs 2-3)
       SEOUL, March 27 (Reuters) - South Korean conglomerate LG
Group will invest 100 trillion won ($74.42 billion) within the
country over the next five years, its holding company LG Corp
 003550.KS  said on Wednesday.
    LG Group aims to ensure it remains competitive by allocating
half of the domestic investment in future technologies such as
artificial intelligence (AI), environmentally clean technology
and other growth fields such as batteries, auto parts, and
next-generation displays, the company said in a statement.
    It did not immediately offer a breakdown of the investment
by affiliate companies, which include LG Electronics,
petrochemical LG Chem  051910.KS  and battery maker LG Energy
Solution  373220.KS . 
    
($1 = 1,343.8000 won)

 (Reporting by Jack Kim; Editing by Tom Hogue and Rashmi Aich)
 ((jack.kim@thomsonreuters.com; +822 6936 1455;))