LG Group forms venture capital firm in United States

Home > Business > Industry

print dictionary print

LG Group forms venture capital firm in United States

LG Group has set up LG Technology Ventures in the United States in the latest effort to find promising start-ups engaging in robots, artificial intelligence and auto parts, a company official said Monday.

LG Technology Ventures, an investment arm of the Korean conglomerate, will manage four separate funds worth a total of $400 million, the official said. The latest move comes as its global rivals are pushing to strengthen their capabilities in AI research and development.


More in Industry

Next on the agenda

Delivering on its promises

Nowhere to go

Budding guitar heroes

Commercial vehicle sales drop 6.9 percent in 2020

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now