LG U+ to spend 222 billion won on supporting its suppliers

Home > Business > Industry

print dictionary print

LG U+ to spend 222 billion won on supporting its suppliers

Korean mobile service provider LG U+ has promised to provide up to 222 billion won ($185 million) over the next three years to help its suppliers, the company said Wednesday.

Under an agreement signed with the Korea Commission for Corporate Partnership, the company agreed to spend 50 billion won by 2022 for joint development of new technologies with its smaller partners.

It will provide 50 billion won to help suppliers develop and test their own new technologies. The carrier will provide 90 billion won to help enhance the financial stability of smaller firms, it said.


More in Industry

Not your average churned milk

I scream, you scream, pandemic boosts sales of ice cream

Hyundai, Naver heads offer their visions for Moon's New Deal

Vehicle exports fell 33 percent in first half

'It's never too early to start preparing for 6G,' says Samsung Research head

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