LG Electronics Invests 3.6 Billion KRW in Q3 for New Technologies and Future Business Areas
[Asia Economy Reporter Dongwoo Lee] LG Electronics is actively investing to foster future businesses.
According to the quarterly report announced on the 16th, LG Electronics made a total of 3.6 billion KRW in new investments this third quarter in companies in new technology and future business sectors such as Remedy, G-Motion, and T-Labs.
Remedy is a domestic company possessing portable X-ray imaging technology, and LG Electronics invested 1.6 billion KRW for strategic cooperation in hospital X-ray solution business.
To strengthen competitiveness in virtual fitting solution technology, LG Electronics invested 1 billion KRW in the domestic company G-Motion, which owns a 3D clothing textile design tool.
LG Electronics also invested 1 billion KRW in the domestic SME T-Labs, which has location positioning and indoor map generation technologies. T-Labs is currently known to be collaborating with LG Electronics on delivery robot technology development.
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In the first quarter as well, LG Electronics expanded investments to secure competitiveness in new technologies and future businesses, including investing in the French cloud gaming platform startup BLADE for technology cooperation related to cloud computing.
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