LG Group plans to invest approximately 9.4 trillion won in the Yeongnam region by 2030. This investment aims to strengthen the company's competitiveness in home appliances, heating and cooling systems, semiconductor substrates, optical components, and displays, focusing on Changwon and Gumi to meet the growing demand for AI infrastructure and advanced manufacturing.
On July 3, LG Group announced this investment plan during the "Vision Report for Advanced Industries in Yeongnam" held at Gyeongsang National University in Jinju, South Gyeongsang Province.
LG Electronics will enhance its HVAC research and development capabilities in response to the expansion of AI data centers centered in Changwon. The company also plans to increase investments in developing next-generation technologies in the premium appliance sector.
In Gumi, LG Innotek and LG Display will also contribute to the investment. LG Innotek aims to ramp up production of new optical solution models and expand its semiconductor substrate production capacity, while LG Display plans to broaden its production base for next-generation display models.
This investment emphasizes upgrading existing production and research facilities in Changwon and Gumi to align with the demands for AI infrastructure and advanced components, rather than establishing new sites.
Through this investment, LG Group intends to develop the core technologies and manufacturing capabilities necessary for AI transformation, contributing to the revitalization of the advanced industry ecosystem and enhancing national manufacturing competitiveness. The event was attended by key executives, including LG Innotek CEO Moon Hyuk-soo, LG Electronics ES Business Division Head Lee Jae-sung, LG Electronics HS Business Division Head Baek Seung-tae, and LG Display CFO Kim Sung-hyun.
* This article has been translated by AI.
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