LG is planning to boost its investments in 2010, in the field of Research & Development, in order to have a better global share in the consumer electronics market with main focus on LED TVs, 3D TVs and more. LG Electronics is drastically increasing its spending on key facilities this year, expecting a turnaround in the consumer electronics market, globally. LG is planning to lift its consumer products to a new level on the top tier, and is vehemently trying to carve a niche in the premium segment.

LG feels that, though there are market uncertainties, a better business situation is anticipated in 2010. The company feels that, over the years, its steps towards strengthening competitiveness in major key areas is starting to pay off. While LG’s investments in R&D will focus on televisions, smartphones and renewable energy, its facility investments will focus on constructing overseas plants in India and the expansion of its capacity in solar cell production.