In 2018, the LG Group will invest 19 trillion won (about 17.4 billion U.S. dollars) in such industries as automotive electronics and next-generation displays to create 10,000 jobs in Korea and to make low-interest loan funds available as financing for cooperative companies. According to Korean daily newspaper Daily News, South Korea's Ministry of Industry, Trade and Industry Resources (MOTIE) recently held talks with the Lejin Group, and the Lejin Group made public its investment plan for 2018 to promote employment and introduced And the industry to create a win-win cooperation program.Lokking Group will promote new businesses covering automotive electronics, energy, OLED displays, artificial intelligence (AI) and 5G, biomedical technology and other fields in South Korea's domestic investment of about 19 trillion won , An increase of 8% over 2017. Among them, the investment in automotive electronics, self-driving sensors, OLED displays, camera modules and biomedical technologies will account for 50% of the total investment. Lejin Group has increased its research and development energy in new growth areas Knowledge Manpower Employment Opportunities, Enlarging 10,000 People Recruiters by 2018 and Rokkaku Science Park as a R & D Base with 4 trillion Won Funding. LG Group said it is developing a new type of smart phone, etc. Innovative products, researching new business models and trying to promote new businesses such as 5G communications and robots across industries.Longjin Science Park in the future will be able to accommodate 22,000 R & D personnel and promote local economic growth. LG Chem will promote the establishment of research institutions with foreign players and institutions, expand R & D cooperation with South Korean SMEs and strengthen cooperation with universities and colleges in manufacturing and learning. In addition, LG Group will provide cooperation with the supply Vendors offered a total of 858.1 billion won of low-interest loans (including 186.2 billion won of zero-interest loans) to enhance supply chain partnerships, improve the industrial environment and share their social responsibilities. LG Display will also increase cooperation with small and medium-sized equipment and materials suppliers in South Korea Create a win-win situation.
