It is reported by Yonhap News Agency that LG Display said on August 25 that they had signed and a memorandum of understanding with Guangzhou, planning to build the 8th generation LCD production line in Guangzhou.
According to the investment status of LG Display's 8th generation production facilities in Korea, they will invest KRW4t (about RMB21.9b) in Guangzhou.
Relevant responsible person of LG Display said although they had signed a memorandum of understanding with Guangzhou, it was necessary to get the final approval from the South Korean government.