19 April 2004 00:01 [Source: ACN]
LG CHEM has set aside Won158.9bn (US$139m) for research and development work this year at its new laboratory in the Daejeon research centre in South Korea, a company source said.
Scientists at the laboratory will focus on developing nanotechnology and OLED (organic light-emitting diode) materials used in electronic displays. The laboratory was opened at the end of February this year.
The source said the company was looking to apply nanotechnology in ‘all areas’ of its business, but especially in electronic materials. He noted that LG recently achieved a breakthrough by being the first company to develop a leak-proof plastic with the help of nanotechnology.
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