South Korean LG Display to invest additional $1 billion in Vietnam, local govt says

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HANOI : Vietnam has awarded a licence to South Korea's LG Display that will see it raise its investment in the northern port city of Haiphong by $1 billion, the city's authorities said late on Thursday.

FILE PHOTO: An LG Electronics' logo is pictured on a TV displayed at a shop in Seoul, South Korea, April 26, 2016.

The investment will boost the company's OLED display output at its Haiphong factory and raise its total investment in Vietnam to $5.65 billion, according to a document from the Haiphong Economic Zone Authority.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSouth KoreaVietnam

Topics: Billion Experience City Vietnam Raise Korea Investment Haiphong Display South Mediacorp

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 10:13:09 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 147 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23596862

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