So check this out, we got LG Group, right? They’re out there in Silicon Valley, putting their money where their mouth is. They’re amping up their corporate venture capital fund to 1 trillion won, you heard me right, 1 trillion. That’s like $771.3 million. They’re all in on this tech stuff, looking at AI, biotech, batteries, and mobility. They got this place called LG Technology Ventures and they’re all about finding the next big thing in tech. And get this, seven of their affiliates are jumping in on the action, with LG Energy Solution, LG Chem, LG Uplus, and LG CNS boosting the fund to over a trillion won. It’s all part of the chairman’s vision to find new growth engines in emerging sectors. And over the past five years, LG has invested over 400 billion won in 64 companies, half of that in AI, biotech, batteries, and mobility. They’re not messing around. They’ve been dropping some serious coin on companies like Allganize and Anthropic, and they’re all about that metaverse stuff too. LG Uplus just released a global version of a children’s metaverse service using AI technology. They’re not slowing down, either. CEO of LG Technology Ventures is talking about actively discovering startups to enhance the future capabilities of LG. It’s like they’re on a mission to take over the tech world.
