LG made successful paid-in capital increasing

LG electronics made successful paid-in capital increasing for 1 trillion Korean Won with 97.77% subscription rate for 2 days from Dec. 20. They expect the forfeited shares (2.23%) will be sold easily through public subscription.   This successful capital increasing reflects high expectation of LG's growth in mobile communication and consumer appliance business in next year. Reportedly LG will invest large portion of the fund into R&D of mobile business and fortunately the movement of telecommunication generation speeds up to LTE rapidly. They are driving strongly to deploy face-lift brand new smartphones which cover premium demand and LTE market. LG holds top IPR value on LTE world-widely.

LG Prada luxury smartphone

[Relevant Post] http://savememory.blogspot.com/2011/12/big-brothers-in-lte-era.html