Chen Xudong, Secretary of the Zhongshan Municipal Party Committee, met Koo Bon-Sik, President of LT Group in Korea on October 10.

LT Group is a spin-off of the world-renowned multinational company LG Group. It mainly engages in such areas as electronic engineering, semiconductors and new materials. After negotiations in the early stage, LT Group will invest in a high-purity ITO sputtering target material construction and development project in the intelligent manufacturing equipment industrial park in Banfu Town, Zhongshan. This project is scheduled to start construction at the end of this year and start production in May next year.

Chen Xudong said that, LT Group has a good reputation and strength, and its affiliate LT Metal possesses the world's leading technology in terms of target materials. Zhongshan and LT Group have a solid foundation to develop cooperation. They hope to seize the major strategic opportunities in both the Guangdong-Hong Kong-Macao Greater Bay Area and Shenzhen the pilot demonstration area of socialism with Chinese characteristics to accelerate and expand their cooperation to a wider field.

Koo Bon-Sik said, Zhongshan has both a good investment environment and broad development prospects. More importantly, Zhongshan has thoughtful and efficient government services. LT Group will make every effort to effectively materialize the Zhongshan project, ensure the project at top level of the global industry, and lay the foundation for continuous deep cooperation between both parties.