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The LG Group said Thursday it will invest W7.3 trillion (US$7.3 billion) in research and development and increase research staff from 19,500 to 24,500 by next year.
The group’s top management including chairman Koo Bon-moo, LG Electronics vice chairman Kim Ssang-soo, and LG Phillips LCD vice chairman Koo Bon-joon, attended the press conference.
Of the W7.3 trillion, W3.2 trillion will be spent this year and the rest next year. The number of research staff will increase by 3 percent to account for 19 percent of total staff, with almost half of them (11,000) filled with master and doctorate degree holders, the conglomerate said.
By subsidiary, LG Electronics will focus investment on acquiring differentiated technologies in mobile devices, car infotainment and home networks, and fostering future industries such as the post-PC and intelligent robot business. LG Chem plans to expand investment in clean energy and advanced IT materials.
(englishnews@chosun.com )
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