LG 2018 intends to hit 174 | billion US dollars sprint OLED, Zijia technology

In 2018, LG Group plans to reinstate 19 trillion won in research and development of advanced technology and procurement of production facilities. The total investment scale will increase by 8% over this year. The focus will be on the areas with the most potential for development such as autonomous driving, OLED panels and biotechnology.

LG Group members include LG Chem, LG Chem Chemical Plant and LG Display Panel, etc. Capital expenditures account for at least 10 trillion won next year. It is estimated that 10,000 engineers and other personnel will be hired to reinforce the R & D capabilities.

The above information was publicly announced by South Korea's Minister of Strategy and Finance Kim Dong-yeon on Tuesday, after Kim Dong-yeon visited LG Company earlier on the basis of what he heard on that day. LG Group subsequently confirmed that Kim Dong-yeon was correct , But did not disclose more detailed information.

Nikkei reported in mid-November that LG Display's OLED TV panel market share has exceeded 90%, next year plans to further increase OLED TV panel output 60%, which will be sufficient to produce 2.8 million OLED TVs. LG Display to expand production capacity , Will invest about 4 billion US dollars.