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

Friday, November 15, 2024, 15:12 GMT+7

South Korean LG Display to invest additional $1bn in Vietnam, local govt says — An LG Electronics' logo is pictured on a TV displayed at a shop in Seoul, South Korea, April 26, 2016. Photo: Reuters

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 Hai Phong by $1 billion, the city's authorities said late on Thursday.

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

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