South Korea's top two conglomerates Samsung Electronics and SK Group are speeding up efforts to secure an early edge in glass substrates, a "game-changer" in chipmaking that could drastically boost the data capacity and speed of semiconductors in the era of artificial intelligence. Their leaders recently visited their respective business sites producing glass substrates, renewing their commitment to the burgeoning area that is highly likely to overcome the limits of conventional p

LG Innotek said Thursday that it has met nearly 61 percent of its renewable energy transition goals just a year since it joined the RE100 corporate initiative in July 2022. According to its sustainability report, it converted 60.9 percent of its energy consumption to renewable energy last year, a significant increase from 22.1 percent in 2022. LG Innotek explained that this resulted in about 267,000 tons of reduction in carbon emissions, equivalent to that of around 40 million 30-year-old pine t

LG Innotek on Monday set an ambitious goal of achieving 2 trillion won ($1.44 billion) in automotive sensor sales by 2030. The company said it will speed up efforts to adopt its cutting-edge optical technology to diverse future mobility and automotive sensing solutions. Its strategic focus will be lidar, the light detection and ranging sensors that are crucial for self-driving vehicles. Earlier this month, the company launched a new team solely dedicated to lidar development immediately under th

Top conglomerates in Korea are set to hold their strategic meetings this month to navigate the ongoing economic slowdown and geopolitical uncertainties according to industry sources on Sunday. Samsung Electronics, the country's No. 1 conglomerate in terms of assets, will kick off its series of strategic meetings from Tuesday to Thursday. Top executives are expected to convene to discuss the company’s global strategies in key technology sectors, including artificial intelligence, which touc

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..."AI will be applied to semiconductor substrate process" SEOUL, South Korea, June 10, 2024 /PRNewswire/ -- LG Innotek (CEO Moon, Hyuksoo) announced on June 10th that they have succes

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 (CEO Moon, Hyuksoo) announced on May 30th that it has been named as one of the Best Korea Brands 2024 announced by Interbrand. This is the first time LG Innotek was include

LG Innotek on Monday renewed its commitment to nurturing the automotive lighting business as its key growth driver. This year marks the 10th anniversary of the commercialization of Nexlide, the parts maker’s flexible three-dimensional lighting brand for vehicles. The module-based lighting products boast brighter, clearer and more uniform light emission. Starting with the Nexlide-A in 2014, the Nexlide-M began mass production in the first quarter of this year. A total of nine types of Nexli

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 and robots SEOUL, South Korea, April 25, 2024 /PRNewswire/ -- LG Innotek (CEO Moon, Hyuksoo) has once again demonstrated its unrivaled technology to the global market by winning the "Edison Award

LG Innotek has clinched a silver Edison Award for its ultra-thin optical telephoto zoom camera module for smartphones, marking its second consecutive Edison win, the company said Sunday. The module, which allows for 3x to 5x magnification, brings what the company describes as near-DSLR-quality optical zoom in a single compact unit. First commercialized in 2022, this innovation enhances image quality and spares internal device space for other components. The core of this technology is the Zoom Ac

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, South Korea, April 9, 2024 /PRNewswire/ -- LG Innotek rolled up its sleeves to aim for the ADAS (Advanced Driver Assistance Systems) LiDAR market with its high performance LiDAR pr

LG Energy Solution, in collaboration with the Korea Advanced Institute of Science & Technology, has made a significant breakthrough in lithium metal battery technology that addresses key challenges regarding its lifespan and safety. This new technology was detailed in the science journal Nature Energy and represents a considerable leap forward in lithium metal battery research and development. Lithium metal batteries are noted for their theoretical capacity advantages over lithium-ion batter

Following the high-profile visit of Meta CEO Mark Zuckerberg this week, stocks related to advanced technologies including artificial intelligence, augmented reality and display panels are gaining attention. In a report on Friday, Korea Investment and Securities suggested eight stocks, including Samsung Electronics and LG Electronics, that would benefit from Zuckerberg's visit to Seoul. Traveling to Korea for the first time in about a decade, Zuckerberg met with President Yoon Suk Yeol and b

LG Innotek said Tuesday it has developed a cutting-edge direct-heating camera module designed for autonomous vehicles, which can quickly remove frost and snow from the lens. The latest module is an optimized version of the Advanced Driver Assistance Systems cameras, equipped with a heater to promote safe autonomous driving, especially during extremely cold weather conditions. An increasing number of automakers consider direct-heating cameras essential products for ensuring safe driving, as obstr

Foreign investors have been racking up “underperforming shares” on the Kospi, Korea’s main bourse, backed by increased expectations of the government’s initiative to boost the local stock market. Since the government late last month vowed to come up with new measures to tackle the "Korea discount," offshore investors are increasingly flocking to invest in firms with low price-to-book ratios in anticipation of stock price recoveries. PBR is a metric used to compa

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 technologies and cost competitiveness." SEOUL, South Korea, Jan. 24, 2024 /PRNewswire/ -- LG Innotek joins hands with a global lens manufacturing corporation to spur its penetration into the mar