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LG Display to establish LCD plant in China

LG Display to establish LCD plant in China

South Korea's LG Display, the world's second-largest flat panel maker, said yesterday it plans to build a plant to make liquid crystal display (LCD) panels in southeast China.
The firm said in a regulatory filing to the Korea Exchange that it had signed a preliminary deal on the investment with the city of Guangzhou. The firm declined comment on a local media report that the Guangzhou plant would cost some five trillion won (US$3.9 billion). The overseas investment requires approval from the Seoul government as LCD panels are designated as among the nation's key technologies.


Updated : 2021-05-06 15:23 GMT+08:00