South Korea's LG Group says plans record 6.3 trillion R&D investment in 2015
SEOUL (Reuters) - South Korean conglomerate LG Group on Thursday said its companies plan to invest a record 6.3 trillion won ($5.57 billion) in research and development in 2015 to secure future growth.
LG Group, which has arms including appliances maker LG Electronics Inc (066570.KS: Quote) and LG Display Co Ltd 034220.KS, said in a statement that technologies like electric car batteries, next-generation displays and the so-called Internet of things were key areas for investment.
An LG Group spokeswoman said the conglomerate spent a combined 5.9 trillion won on research and development last year.
(Reporting by Se Young Lee and Sohee Kim; Editing by Stephen Coates)
© Thomson Reuters 2017 All rights reserved.