SEOUL (Reuters) - LG Electronics Inc (KS:066570) on Wednesday said it will invest 527 billion won ($435.67 million) on new solar panel production facilities in South Korea over the next three years, aiming to triple its capacity by 2020.
The South Korean firm said in a statement it would add six new solar panel production lines at Gumi, a city about 200 kms (124 miles) southeast of Seoul, by the first half of 2018. LG already has eight panel production lines in Gumi.