Electronic component manufacturer LG Innotek said Tuesday that its key material for thermoelectric generators, which allow vessels to reuse waste heat and cut carbon emissions, has won a green technology certificate by the government. Powered by the nano-polycrystalline semiconductor material developed by LG Innotek, the thermoelectric system uses the heat flux due to temperature differences within the semiconductor to generate electrical energy, according to the company. Its nano-polycristal

The electronic parts supplier LG Innotek was awarded with the Jaguar Land Rover Quality Certificate for two consecutive years, the company said Thursday. The certificate, awarded by UK car manufacturer Jaguar Land Rover, evaluates partner companies for their quality of components and compliance with delivery dates. LG Innotek has supplied DC-DC converters, components that convert high-voltage direct currents from the battery into low-voltage direct currents, to Jaguar Land Rover since 2017.

Sales of 3,702.6 billion won and operating profit of 289.9 billion won in the second quarter Sales increased by 57.2% and operating profit increased by 90.8% from the same period of the last year High-performance camera modules and semiconductor substrates led the sales of smartphone components SEOUL, South Korea, July 28, 2022 /PRNewswire/ -- Despite challenging market conditions and the second quarter being an off-season, LG Innotek showed a substantial growth from the same pe

LG Innotek said Wednesday that it is investing a total of 1.4 trillion won ($1.07 billion) into its local production facilities by 2023 to beef up the production of circuit substrates and camera modules – its key growth drivers. The company signed a memorandum of understanding for the new investment with the local governments of North Gyeongsang Province and its capital city, Gumi, earlier in the day. The new funding will be used to expand its production facilities in the city, includin

LG Innotek said on Tuesday its membership in RE100 has been approved. RE100 is an international campaign launched by nonprofit organization the Climate Group in partnership with Carbon Disclosure Project in 2014. The campaign aims for member businesses that consume more than 100 gigawatt-hours a year to switch to 100 percent renewable electricity sources like wind and solar power by 2050. Some 370 global companies including Google, Apple and Microsoft are members of RE100. LG Innotek plans t

LG Innotek said on Tuesday it has developed an in-cabin radar module for cars that detects living things and movements with electromagnetic waves. Used to avoid leaving small children in cars or to prevent theft, in-cabin radar modules are made by combining radar chips, antennas and communication chips on substrates, and are usually installed in the ceiling above the rear seats or around the rearview mirror. The global demand for interior sensing devices, including radar modules, has been risi

LG Innotek said it has agreed to support some 200 partner firms’ efforts to improve their environmental, social and corporate governance. The electronic component maker signed a deal with the Korea Commission for Corporate Partnership to jointly develop ESG indexes for its partner companies, provide education, assessments and consulting services. The commission has signed similar agreements with 11 companies in chemicals and retail among others, and the one with LG Innotek was the first

AI STUDIOS gained 30K subscribers and 500K visitors in only nine months. The application of AI Humans and AI video synthesis are diverse Industry leaders are quick to adopt technology for DeepBrain AI SAN MATEO, Calif., May 17, 2022 /PRNewswire/ -- DeepBrain AI, an innovator of the commercialized AI-generated Virtual Humans, announces that the AI STUDIOS video synthesis platform has over 30,000 subscribers. AI Studios is a video production tool that makes it easy to produce

The list of South Korea’s 500 biggest companies by sales saw significant changes last year, with the rise of battery, K-pop and virtual currency firms, a corporate tracker said Wednesday. Battery maker LG Energy Solution jumped from No. 343 in 2020 to No. 44 last year on the annual list released by CEO Score as its shipments of pouch- and cylinder-type batteries surged on growing global demand for electric cars. Camera module supplier LG Innotek went from No. 68 to No. 48 in the same per

LG Innotek Co. said Thursday its chief of display solution business has won a presidential commendation for contributing toward increasing domestic production of key components and enhancing the global competitiveness of South Korea’s materials and components industry. Koo Han-mo, senior managing director at LG Innotek, was one of the awardees who received the honor on the 49th Commerce and Industry Day on March 16. Having joined LG Innotek in 2007, Koo worked as chief of the tape substr

LG Innotek will shift to 100% renewable energy by 2030. LG Innotek will acquire Zero Waste to Landfill validation at all its business sites and replace all its business vehicles with zero-emission vehicles. "LG Innotek will raise customer value by practicing balanced ESG management." SEOUL, South Korea, March 23, 2022 /PRNewswire/ -- LG Innotek (CEO, Cheoldong Jeong) plans to achieve carbon neutrality by 2040. The company announced on March 23rd that

LG Innotek announced on Wednesday a set of plans to achieve carbon neutrality by 2040. The IT components maker said it will fulfill all of its electricity needs from renewable energy sources by 2030, and reach a state of net-zero carbon dioxide emissions in 2040. Electricity accounts for more than 90 percent of LG Innotek’s greenhouse gas emissions. To meet its target, the company said it will introduce more solar power generation facilities to its domestic establishments, sign power p

LG Innotek Co. signed an agreement with some 100 partner firms on financial, technological, management and educational cooperation on Thursday in its annual event for shared growth which it has held since 2010. This year, the IT components maker said it will start providing partner firms with expert consultations on environmental, social and corporate governance, and increase financial support for partners’ factory automation. LG Innotek said it will also offer partner firms knowhow on i

LG innotek will pay a combined 144.5 billion won ($120.5 million) of payments to its suppliers weeks earlier than scheduled to support small- and mid-size businesses reeling from the pandemic, the company said Tuesday. The materials arm of LG aims to improve cash flow for partner companies struggling to operate their businesses, invest in facilities, and develop material components in the grip of an economic downturn. By the end of last year, LG innotek already moved up the payment timeline f

LG Electronics has topped 70 trillion won ($58.2 billion) in full-year sales for the first time in its history in an earnings surprise, in the same year that the company took down its mobile phone business, a preliminary filing showed Friday. The revenue of LG Electronics came to 74.72 trillion won through 2021, up 28.7 percent from the previous year, according to its preliminary consolidated financial report. This beat the earnings consensus estimate by South Korean analysts. According to mark