LG Group opens KRW4 trillion R&D center

LG Group opens KRW4 trillion R&D center

LG Group has cut the ribbon on a KRW4 trillion research and development center. Spanning an area of 170,000 square meters, the LG Science Park, as the new facility is known, is South Korea’s largest research center, according to a report published by Pulse News.

“We will nurture tens of thousands of creative minds here and create a model of innovative growth that connects new values by gathering different thoughts and skills,” said Koo Bon-joon, LG Group Vice Chairman, at the opening ceremony, per Pulse News.

Located in western Seoul, the science park comprises 20 buildings housing up-to-the-minute technology such as large-scale 3D printers. Some 17,000 researchers from LG’s major affiliates, including LG Household & Health Care, have already settled in to new offices at the Park; total capacity (when the complex is complete in 2020) stands at 22,000.

The center will encourage symbiotic growth and innovation sharing across the companies various sectors as well as nurture start-up talent.