LG Electronics mulls building new R&D center in Vietnam: sources
SEOUL, July 31 (Yonhap) -- Major home appliance maker LG Electronics Inc. is considering building a new research and development (R&D) center in Vietnam, industry sources said Friday, as it tries to expand its presence in the Southeast Asian market.
During a meeting between Vietnamese Prime Minister Nguyen Xuan Phuc and South Korean companies Wednesday, LG reportedly said it has a plan to build a new R&D center in Vietnam, according to the sources.
South Korea's No. 2 electronics company already runs a R&D center focused on its vehicle component solutions business in Hanoi.
LG said it is currently looking for candidate sites in Vietnam but has not confirmed detailed plans for the new center, such as its research field, size and construction period.
In 2014, LG set up a plant in Haipong, northern Vietnam, and has been fostering the facility as its global production base. LG Vietnam Haipong Campus produces home appliances, smartphones and in-vehicle infotainment components.
Industry insiders said LG's plan to build an additional R&D center appears to be aimed at boosting its Vietnam plant's competitiveness.
This photo provided by LG Electronics Inc. shows the company's plant in Haipong, Vietnam. (PHOTO NOT FOR SALE) (Yonhap)
kdon@yna.co.kr
(END)
-
Opposition leader calls on Yoon to reject imports of products from Japan's Fukushima -
S. Korea to allow online permit-free entry for tourists from 22 nations to spur spending -
DP leader says Yoon should have stormed out of summit with Japan if Dokdo issue raised -
One-third of senior public officials have over 2 bln won in personal wealth: data
-
PPP expels member for hanging Japanese flag on Independence Movement Day
-
S. Korea to allow online permit-free entry for tourists from 22 nations to spur spending -
(LEAD) U.S. Forces Korea holds first deployment training of THAAD 'remote' launcher -
Grandson of ex-President Chun apprehended at Incheon Int'l Airport over drug use -
S. Korea calls on N. Korea to pay back US$80 mln loan -
Hybe to sell SM shares to Kakao following failed takeover bid
-
(LEAD) (News Focus) Abrupt replacement of national security adviser gives rise to much speculation -
Grandson of ex-President Chun released after investigation over drug use -
(2nd LD) N. Korea plans to send weapons, munitions to Russia in exchange for food: NSC -
S. Korea releases report on N. Korea's human rights violations -
National Assembly consents to arrest of PPP lawmaker Ha
