LG Electronics said Thursday a new street named after its corporate name has been created within an industrial complex in Changwon, the capital city of South Gyeongsang Province.
LG Jeonja-ro, meaning “LG Electronics Street” in English, stretches some 500 meters in the neighborhood of its production plant.
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An LG Jeonja-ro sign, meaning “LG Electronics Street” in English, is seen at a street intersection in Changwon, South Gyeongsang Province. LG Electronics |
The Changwon city government said the street was designated to honor the company’s continuing investments and job creations in the city even at a time of economic difficulties.
The name has been assigned for five years and can be extended after review.
LG plans to build a new 20-story research and development center and a 10-story residential building for employees within the plant area, investing about 200 billion won ($167 million) through next year.
“Changwon is the control tower of LG’s home appliances business,” said Cho Seong-jin, the company’s appliance chief and president, in a statement. “We continue efforts to contribute to the city’s economy."
By Lee Ji-yoon (
jylee@heraldcorp.com)
