March 12, 2015 / 1:32 AM / 3 years ago

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.

An employee of LG Electronics walks behind company logos at a branch in Seoul February 21, 2005. REUTERS/You Sung-Ho

LG Group, which has arms including appliances maker LG Electronics Inc (066570.KS) 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

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below