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LG estimates tens of millions of dollars damage from riots

Posted On: Jul. 23, 2021 10:32 AM CST

Civil unrest


South Korean firm LG Electronics Inc. expects tens of millions of dollars’ worth of damage from the recent looting and arson at its Durban, South Africa-based factory and warehouses, Business Korea reported. LG said that it has insurance coverage for the facilities damaged by the rioters protesting against the imprisonment of former South African president Jacob Zuma.