[Bossa Nova Robotics]
SEOUL -- As part of efforts to strengthen its robot business, South Korea's LG Electronics made a strategic investment in Bossa Nova Robotics, a San Francisco-based startup that creates retail robots.
LG's $3 million investment is part of $29 million in new investment secured by the American company.
LG has expanded its investment in South Korean robot-related startups to develop new robot solutions using artificial intelligence. LG's guide and cleaning robots were put into service last year at Incheon International Airport, South Korea's gateway west of Seoul.
LG nurtures its robot business as one of its new growth engines as smartphone sales remained stagnant.
reporter
Lim Chang-won
cwlim34@ajunews.com
