LG Group decided to consolidate research centers of its subsidiaries in Japan as part of an effort to enhance its convergence R&D capabilities.
LG Group announced on April 6 that it will consolidate the Japan-located research centers of LG Display, LG Innotek, LG Chem, and LG Hausys into the research center of LG Electronics in Shinagawa, Tokyo, and operate them as a single unit, effective from July. The integrated research center will be named "LG Japan Lab."
The group plans to boost the number of R&D staff at LG Japan Lab from the current 200 to 1,000 gradually. To accommodate the increased number of R&D staff, it secured a land space of 4,000 square meters in Minato Mirai in Yohohama.
LG Group plans to build a new building there by 2021 which will be developed as the group's R&D base in Japan.
LG officials said, "By consolidating the technological know-how and experts of our research centers in Japan that have been operated independently by subsidiaries, we will greatly enhance synergies in development of new materials and parts technologies."