LG Electronics to invest 1.3 trln won in R&D facility

SEOUL, July 24 Thu Jul 24, 2014 2:16am EDT

SEOUL, July 24 (Reuters) - South Korea's LG Electronics Inc said on Thursday that it will invest 1.3 trillion won ($1.26 billion) to build a new research and development facility in the country's capital city of Seoul.

LG Electronics, in a regulatory filing, said the investment seeks to develop new growth technologies without elaborating further. ($1 = 1028.2000 Korean Won) (Reporting by Se Young Lee; Editing by Himani Sarkar)

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