India, Nov. 6 -- The Noida authority on Wednesday said that South Korean firm LG Corp, a holding company of the LG Group, will set up a Global Research and Development (R&D) Centre in the city with an investment of Rs.1,000 crore, creating approximately 500 jobs.

A high-level LG delegation met Noida authority's chief executive officer (CEO) Lokesh M on Tuesday and discussed the project in detail including finalising plans related to their new investment in the region, said officials.

Noida authority has allotted 27,129 square metres of land for the project.

"We have allotted the land for this mega project because it will not only create jobs but also boost the economy. Since we have allotted the land, the LG delegation came to apprecia...