LG Electronics’ Debacle in South Wales

220723 In 1996, the Korean chaebol LG announced a 1.7 billion pound investment in the city of Newport, South Wales, the United Kingdom.

The high tech manufacturing facilities - consisting of two parts - would have created over 6,000 jobs.

Unfortunately, LG never managed to produce that many jobs, despite a grants package announced to be worth nearly a quarter of a billion pounds. Though not all of that was paid out.

This is a rough story. In this video we are going to talk about LG Electronics' ill-fated manufacturing efforts in South Wales.

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