South Korea's leading appliance firm LG Group has decided to invest $18 billion to develop environmentally-friendly businesses. This will also reduce emissions by 40% as compared to the level in the year 2009. LG Corp has announced the fact and soon going to improvise it.

LG Group is operated by LG Electronics, LG Display and LG Chem. in all across the globe. This is the fifth-largest firm of South Korea in terms of assets. It has planned to invest both in green research and development.

It is expected to slash 50 million tonnes of greenhouse gas emissions per year by 2020.

LG Crop officials have informed that the objective of such a huge investment is to expand its production of energy-efficient products and renewable energy businesses. The company is eying to concentrate on projects like fuel cells and rechargeable batteries for electric vehicles etc.

However, at the same time, the South Korean Govt. has also decided to invest 107 trillion won in environment-related industries over the next five years.