LG Electronics to shift TV production in Thailand to Vietnam

South Korea’s LG Electronics Inc, the world’s second largest television maker, will shift its TV production in Thailand to Vietnam this year for efficiency, logistics and costs, a top executive at its Thai unit said on Tuesday.

Thailand wants to do more business with Korea

According to the Korea Trade-Investment Promotion Agency, Korean investment in Thailand has been relatively weak, due to the strong presence of Japanese firms, Korea’s preference of Vietnam, Indonesia and Myanmar