The Japanese company aims to slash production costs by expanding outsourcing while bolstering ties with the South Korean electronics maker, which has provided Panasonic with LCD panels for TVs.
Panasonic has been reviewing its business structure, which is centered on digital electronics appliances such as flat screen TVs, with the aim of putting more focus on profitable operations serving corporate customers.
The 4K technology displays images at four times the resolution of high definition and Panasonic is hoping for demand for business-use TVs for digital signage at train stations or hotels or electronic blackboards at schools.
The company plans to launch 98-inch and 84-inch TVs with LG's panels around the world.
Panasonic, known for its Viera brand TV sets, was using its own plasma display panels for large professional TVs but it ended the manufacturing in December due to sluggish sales of plasma TVs.
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