Sunday, February 17, 2008

[ News, Economy / Industry, January 7 2008] LG Electronics aims to become No. 3 flat-panel TV maker this year

LG Electronics Inc., Korea’s largest home appliance company, aims to become the world’s third-largest maker of flat-panel TVs this year by selling 17 million TVs with LCD and PDP screens, a top executive said Monday (Jan. 7).

In a related move, LG Electronics is to invest $500 million for research and development concerning its display business this year, said Simon Kang, vice president of the company’s digital display section.

The Korean electronics giant targets sales of 14 million LCD TVs and 3 million PDP TVs, he added.

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