LG Group, which has arms including appliances maker LG Electronics Inc (>> LG Electronics Inc.) and LG Display Co Ltd (>> LG Display Co Ltd), said in a statement that technologies like electric car batteries, next-generation displays and the so-called Internet of things were key areas for investment.
An LG Group spokeswoman said the conglomerate spent a combined 5.9 trillion won on research and development last year.
(Reporting by Se Young Lee and Sohee Kim; Editing by Stephen Coates)