LG Innotek Unveils the Industry's First Eco friendly and HRE Free Magnet with High efficiency
* Reduced dependence on certain countries for key raw materials, contributing to stabilizing the magnet supply chain * Significant reduction in environmental pollutants, marking a win for ESG-focused global customers * Development of rare earth-free magnets also underway, eliminating the nee...
LG Innotek Becomes Industry's First to Use AI to Prevent Input of Defective Raw Materials in Production
* Achieved early detection of cause of defects in raw materials through AI, becoming "first to overcome this challenge in the industry" * Applied to high-value semiconductor substrates, analyzing raw material defects in only one minute * Reduces defect analysis time by up to 90% SEOUL, South...
3,500 Automotive Patents in 5 Years: LG Innotek Eyes Market Leadership with Advanced Mobility Technology
* 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 of 5 EVCC standard essential patents, securing technological advantage in EV communication ...
LG Innotek Collaborates with World-leading Partner to Drive its Digital Twin Technology
* Preliminary verification of designs using virtual simulation, reducing development time by 99% * Increasing deployment of 'Digital Twin' technology to FC-BGA and electronic component production processes, maximizing manufacturing competitiveness * "LG Innotek to become a 'meta-manufacturin...
LG Innotek Accelerates Its Expansion into the Automotive Communication Component Market with Its Next-generation Digital Key solution
* Killing three birds—localization accuracy, security, and compatibility—with one stone * Aiming for mass production in 2027: "Will solidify standing as a leading company in the automotive communication component market" SEOUL, South Korea, Aug. 2, 2024 /PRNewswire/ -- LG Innotek (CEO Moon, H...
LG Innotek Earns Top Global Rating for ESG Management
* Acquisition of "Platinum" rating from EcoVadis, the world's largest ESG ratings organization * Puruing "2030 RE100" and "2040 Carbon Neutrality" goals, with a renewable electricity transition rate of 61% in 2023 * Working to create an equal and fair working environment,- leading to select...
LG Innotek achieves renewable electricity transition rate of 61% in just one year since joining RE100
* Reduced approximately 267,000 tons of greenhouse gas last year with the transition to renewable energy * Focusing on securing a stable renewable energy supply chain through REC, PPA, etc * Invested 61.2 million USD in facilities of the environmental sector last year… improved environmenta...
LG Innotek aims to grow its Vehicle Sensing Solution business into a 1.4 billion USD operation by 2030
* To newly establish a LiDAR business organization directly under the CEO recently * To strengthen Vehicle Camera Module business capability via equity investment, product enhancement, and factory expansion. * To become a 'Vehicle Sensing Total Solution Provider'…providing differentiated cu...
LG Innotek solidifying its position as a leader in camera modules through innovative AI processes
* The initial yield, which determines profitability and customer confidence, is solved with the 'AI process recipe'. * AI that has been trained on tens of millions of data points has reduced the defect rate of key inspection items by up to 90%. * Effective in enhancing cost competitiveness.....
LG Innotek recognized as one of South Korea's top brands
* LG Innotek has been named as one of the Best Korea Brands 2024 announced by Interbrand, proving its unrivaled status * "We will continue to make multifaceted efforts to raise the brand value of the global technology innovator." SEOUL, South Korea, May 30, 2024 /PRNewswire/ -- LG Innotek (CE...
LG Innotek to Foster Automotive Lighting Module into a Business worth Trillions of Dollars!
* Automotive Lighting Module 'Nexlide' won 146 cumulative orders and its annual average sales grew 47% * "The thickness to be thinner, and the light to be brighter and more even"…Freedom of Design and Power Efficiency 'Boosted' * 'Pixel Lighting' supports V2V & V2P Communication…"aiming to c...
LG Innotek awarded at 'Edison Awards,' the most prestigious invention award in the US for the second consecutive year
Achieved high-definition image at the level of DSLR cameras with a smartphone * 'High Magnification Optical Continuous Zoom Camera Module'…World's first mass production in 2022 * Innovative optical camera technology is increasingly being used in a variety of applications, including vehicles a...
LG Innotek CEO Moon Hyuksoo aims to be the top in ADAS sensing by using 'High Performance LiDAR'.
* Overcoming limitations of existing LiDAR with Shortwave Infrared Rays...Detection range tripled * Various line-ups tailored to customers...Secured differentiated capacity by acquiring Argo patents * "Aiming to become No.1 in sensing solution for ADAS based on top-tier DNA in optics" SEOUL...
LG Innotek accelerating its entry into autonomous driving and XR markets
* Investing in a Taiwanese lens manufacturing corporation to enhance business competitiveness and supply chain. * Entered into a strategic partnership to cooperate in the area of optical components. * CEO Moon Hyuk-soo, "We will provide differentiated customer values with our overwhelming t...
"LG Innotek is Advancing the Future of Mobility with 'Sensing, Communication, and Lighting Solutions'
* The LG Innotek booth at CES 2024 welcomed a record-breaking sixty thousand visitors, three times more than the previous year. * A prototype of a future autonomous vehicle, outfitted with 18 key electronic components, was a major attraction. * The simultaneous operation of public and privat...
LG Innotek to showcase powerful competencies in Mobility and AI at CES 2024
* #3701, Comprised of 3 zones: 'Mobility, AI and Future Pathway' * Unveil The mockup of future autonomous vehicle equipped with 18 types of key electronic parts * Display Core technologies for high-efficiency large-scale data analysis being required by the growing Al market, and package subs...
LG Innotek doubles the size of the open booth at CES 2024
* Exhibition booth of 330m2 provided in the entrance of West Hall * Mobility and AI related innovative components exhibited including electric autonomous vehicles * From robot to UAM… Future scalability 'emphasized' on the core basic technologies SEOUL, South Korea, Dec. 13, 2023 /PRNewswire...
LG Innotek Stuns the World with Groundbreaking EV Charging Technologies
* LG Innotek takes out three international standard essential patents on EV charging technologies * LG Innotek also acquires over 180 LiDAR patents from Argo AI in April SEOUL, South Korea, Oct. 19, 2023 /PRNewswire/ -- LG Innotek is now poised to lead the world's electric vehicle charging tr...
LG Innotek speeds up the achievement of RE100
* Signed a direct Power Purchase Agreement (PPA) with SK E&S for purchasing 10MW renewable energy every year * Reducing 6,000 tons of greenhouse gases every year... effect of planting 900,000 pine trees * Speeding up the roadmap for implementing '2030 RE100' by purchasing REC at the same...
LG Innotek published the 2022-2023 Sustainability Report
* Achieved 20% carbon neutrality within one year after the declaration and increased shareholder-friendly policies such as the 10% dividend payout ratio * Increased investment in R&D by 33% from the previous year to strengthen the competitiveness of future business SEOUL, South Korea, July 21,...
