UPDATE 1-LG Chem to boost spending, scraps auto parts sale

Newswire

(Adds details, combines with cancellation of sale plan) SEOUL, Nov 17 (Reuters) - LG Chem Ltd., South Korea's top chemicals maker, said on Thursday it would invest 2.2 trillion won ($2.12 billion) over the next 5 years in local plants to boost output of mainly laptop batteries and polarisers. LG said it would spend 1.5 trillion won, nearly 70 percent of the total, to expand production lines for rechargeable batteries for laptops and polarisers used to produce laptop screens, adding the ...

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