LG Electronics to Invest in Water Business

LG Electronics is planning to invest KRW500bn ($429m) over the next decade to tap into water-related business, raising its sales to KRW7tn ($6bn) in the segment.

The South Korean electronics appliance maker will mainly invest the money in acquiring technology and building up R&D in the field.

LG will develop an advanced membrane filtration system, the core technology and key component of water treatment solutions.

It plans to begin with industrial water treatment and expand to sewage and drinking water treatment, with subsequent plans to foray into water treatment engineering and procurement, operation and maintenance across the municipal sector.