Caixin
BUSINESS & TECH

LG Display Gets China Approval for High-Tech Display Plant

A display of LG televisions draws attention at an event in South Korea. Photo: VCG
A display of LG televisions draws attention at an event in South Korea. Photo: VCG

* LG Display will control 70% of the joint venture, with the remainder owned by the local partner

* Seoul approved the deal on the condition that the electronics giant be allowed to keep its advanced technology secret

(Beijing) — South Korea’s LG Display Co. Ltd. said the Chinese government has approved its 5 trillion won ($4.5 billion) investment to produce advanced display-panels in Guangzhou.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.