LG To Set Up $4B Joint Venture For China LCD Plant

Law360, New York (October 14, 2009, 6:17 PM EDT) -- Korea's LG Display Co. Ltd. said Wednesday it planned to enter into a $4 billion joint venture to build a liquid crystal display plant in China, one of the fastest-growing markets in the world for LCD panels.

The company announced in August it had signed a nonbinding memorandum of understanding with the city of Gangzhou, China, to build an eighth-generation panel fabrication facility in China subject to the approval of the Korean government and the LG board.

The company disclosed in a filing with the U.S....
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