LG invests 54 trillion won in future cars, displays, and artificial intelligence by 2027

LG invests 54 trillion won in future cars, displays, and artificial intelligence by 2027: COMPANY / Reporter Kim Jisun / 2023-03-16 06:05:30

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

서울 여의도 LG 사옥 (사진= 연합뉴스)

[Alpha Biz=(Chicago) Reporter Kim Jisun] LG Group will invest 54 trillion won in future growth over the next five years from 2027.

Hong Beom-sik, head of the management strategy division (president), attended the 14th Emergency Economic People's livelihood meeting held under the supervision of the presidential office on the 15th and announced the investment plan.

LG will invest 44 trillion won to strengthen its global leadership in future automotive and next-generation displays, including batteries, electric vehicle parts and materials businesses. In addition, about 10 trillion won will be invested in artificial intelligence (AI) and software, bio and healthcare, and clean tech (environmental technology that reduces the generation of pollutants) to lead future market creation and preoccupy future technologies.

Meanwhile, the government announced that it plans to induce private-led investment of 550 trillion won by 2026 in six major high-tech industries, including semiconductors (340 trillion won), displays (62 trillion won), secondary batteries (39 trillion won), bio (13 trillion won), future cars (95 trillion won) and robots (1.7 trillion won).