Looking for Future Growth Engines

Bossa Nova Robotics' AI robot manages store shelves.

LG Electronics is actively looking for future growth engines in new technology areas ranging from artificial intelligence (AI) to autonomous driving and information technology (IT) platforms.

According to LG Electronics' 2019 business report, the company has acquired equities in 10 promising startups with technologies related to the 4th Industrial Revolution in the past two years.

In 2019, the company invested 5.6 billion won in VueReal, a Canadian micro light emitting diode (LED) design company. In 2018, it invested 3.9 billion won in Bosa Nova Robotics, a U.S. firm that develops robots using AI and big data.

In addition, LG Electronics invested in domestic mobility service platform Code 42, U.S. mobile laundry platform startup Washlava, and startup accelerator Futureplay.

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