LG Innotek said Friday it would invest 375.9 billion won ($268.3 million) in a facility in Vietnam to respond to new models in the optical solutions business and enhance its competitiveness. The investment period will extend until Dec. 31. of the following year. The new investment is part of the company’s previously announced plan to invest 1.3 trillion won in expanding its production subsidiar...

...mming from expected policy changes by the Donald Trump administration. Cheong made the remarks during a Seoul meeting with companies operating in Mexico, including Kia Corp., Hyundai Mobis Co., and LG Innotek Co., to assess the impact of Trump's return on businesses and the broader economy, according to the Ministry of Trade, Industry and Energy. Trump has vowed to impose high tariffs on imported goo...

...the need for even light rare earth elements SEOUL, South Korea , Nov. 5, 2024 /PRNewswire/ -- LG Innotek (CEO, Moon Hyuksoo ) announced on November 5, 2024 , that it has developed a 'high-pe...ch as home appliances and robots. LG Innotek Chief Technology Officer S. D avid Roh said, "LG Innotek is also developing rare earth-free magnets that use no heavy or light rare earths at all." He w...

LG Innotek said Wednesday it has developed a high-performance eco-friendly magnet that eliminates the use of heavy rare earth elements. Heavy rare earth elements have been critical for magnets to retain their strength at high temperatures. However, these elements are predominantly sourced from specific countries like China, posing price volatility and supply instability risks, alongside signific...

LG Group Chairman Koo Kwang-mo will reportedly receive business reports from major affiliates sequentially over the next month, starting with the electronic affiliates on Monday to establish next yea...ew the mid-to-long-term strategy of AI and vehicle component businesses of key affiliates, such as LG Electronics and LG Innotek. Based on the upcoming business report meetings, LG is also expected t...

LG Innotek Chief Executive Officer Moon Hyuk-soo is stepping up efforts to recruit top talent from around the globe with the goal of boosting the company's competitive edge in the global market, where it makes the vast majority of its sales, the company said Sunday. Moon recently traveled to the US and hosted the company's main hiring event, "Inno Connect," in San Francisco, where he and Chief H...

...s defect analysis time by up to 90% SEOUL, South Korea , Oct. 7, 2024 /PRNewswire/ -- Today, LG Innotek (CEO Moon Hyuksoo ) announced the development and application of the industry's first "...e. LG Innotek CTO S. David Roh said, "With the "AI-based inspection system", we will complete LG Innotek's unique AI ecosystem, which delivers exceptional customer value by identifying causes of ...

LG Innotek said Wednesday that it has developed the industry’s first artificial intelligence that detects defective raw materials for its chip substrates. The new system, combining AI-based material information and image processing technologies, has already been adopted for the company’s production process. More recently, it has been used to upgrade the product quality of value-added chip substr...

Automotive component patents account for nearly 40 percent of LG Innotek's patent applications, including LiDAR, Automotive camera modules, Lighting systems, and Communication modules. Registration ...rters. The Patent Wall is a space dedicated to the display of plaques on major patents acquired by LG Innotek. LG Innotek (CEO Moon, Hyuksoo) announced on September 5, 2024 , that it has filed a to...

LG Innotek said Wednesday it is showcasing its innovative semiconductor substrates at this week's KPCA Show 2024, held at the Songdo Convensia in Incheon, from Wednesday to Friday. The KPCA Show is the largest annual exhibition of printed circuit board and electronic packaging, hosted by the Korea PBC and the Korea Printed Circuit Association for 21 years. LG Innotek plans to unveil its package...

LG Innotek said Wednesday that it has applied for some 3,500 patents related to automotive parts over the past five years, seeking leadership in the field of futuristic mobility. Almost 40 percent of the patents are for electric vehicles, one of the company’s new growth drivers. They cover diverse EV and autonomous driving technologies, including LiDar sensors, cameras, lighting and communicatio...

...o FC-BGA and electronic component production processes, maximizing manufacturing competitiveness "LG Innotek to become a 'meta-manufacturing' company by advancing Digital Twin technology" SEOUL, Sou...chnology. LG Innotek Chief Technology Officer S.David Roh said, "The future we envision at LG Innotek is meta-manufacturing, where simulation results from a virtual space are linked to physical pro...

LG Innotek, the advanced materials and components maker affiliated with LG Group, is speeding up efforts to recruit outstanding international students to enhance its global competitiveness. According to the company on Wednesday, a total of 31 international students either from foreign or Korean universities joined this year’s global internship program that was completed earlier this month. Unde...

LG Innotek announced Thursday that it will expand the integration of digital twin technology throughout its operations in partnership with Ansys, a US engineering simulation software developer. Digital twin technology recreates physical objects in a virtual space to simulate real-world scenarios using computer models, thereby predicting outcomes and cutting manufacturing time and costs. Ansys i...

...ompany for Equal Employment Opportunity." SEOUL , South Korea , July 24, 2024 /PRNewswire/ -- LG Innotek (CEO Moon, Hyuksoo) announced on July 24, 2024 , that it has been awarded the highest ra...He then added, "We will continue to create differentiated customer value through authentic ESG management practices for a sustainable company." LG Innotek receives Platinum rating medal from EcoVadis