LG Electronics to sign EUR 100 million investment contract

LG Electronics, a company which is among the group, is now about to sign a contract regarding an investment worth EUR 100 million. "We are very close to finalizing negotiations concerning LG Electronics' investment. Apart from white goods, the company also plans to produce TV sets. The plant will use the products of LG Philips LCD," said Deputy Economy Minister Andrzej Kaczmarek who just returned from Korea. The government is currently working on the expansion of financial aid for the Korean investments. LG Philips LCD, which will invest EUR 429 million, will receive support worth zł.99 million. The value of the financial aid for LG Electronics will be discussed during the next meeting of the Cabinet. (Puls Biznesu, p. 8) A.F.