LG Group Chairman Koo Kwang-mo reportedly convened some 30 CEOs on Tuesday to discuss the group's longer-term strategies ahead of the weeklong Chuseok holiday. Top executives of key affiliates, including LG Electronics, LG Display, LG Innotek, LG Chem and LG Energy Solution, attended the annual workshop that took place at LG Academy in Icheon, Gyeonggi Province, according to news reports. For Koo who took office in 2019, this marked the fifth occasion to convene the meeting. The event was h

LG Innotek CEO Jeong Cheol-dong joined the “Zero Disposables Challenge,” an environmental initiative launched by the Ministry of Environment in February to encourage the use of reusable items in public, the firm said Monday. The campaign typically involves CEOs posing for a photo, signaling their commitment to slashing single-use plastic waste. The photo is then posted on social media platforms, with the CEO naming the next participant. Since its launch, a number of key business le

Following President Yoon Suk Yeol’s visit to Indonesia for the South Korea-Association of Southeast Asian Nations summit, South Korean conglomerates’ chiefs embarked on a business trip to the emerging country to boost cooperation on electric vehicles and construction projects, industry sources said Thursday. Business leaders including Hyundai Motor Group Executive Chair Chung Euisun, LG Group Chairman Koo Kwang-mo, Lotte Group Chairman Shin Dong-bin and LS Chairman Koo Ja-eun were

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 time SEOUL, South Korea, Aug. 29, 2023 /PRNewswire/ -- LG Innotek has announced on the 29th that it signed a direct PPA(Power Purchase Agreement) with SK E&S as part of ways to achieve '2030 RE1

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, 2023 /PRNewswire/ -- LG Innotek (CEO Jeong Cheol-dong) announced on the 21st that it had published the '2022-2023 Sustainability Report' that covers the performance of ESG (Environmental&mid

LG Electronics announced Wednesday its vision to transform into a "smart life solutions company" to expand customer experience, to take a leap from its core identity as a top home appliance brand. The tech giant also set the goal to achieve a global annual revenue of 100 trillion won ($77.5 billion) by 2030, and vowed to invest 50 trillion won to drive the growth. "LG will continue to pursue its bold vision to transform and leap forward as a smart life solutions company that con

LG Innotek becomes the first Korean company to win the JLR Supplier Excellence Award in 2023 LG Innotek maintains JLR Quality Certificate (JLRQ) for three consecutive years JLR "LG Innotek's effort to continuously improve their products also improves JLR's products" SEOUL, South Korea, July 3, 2023 /PRNewswire/ -- On July 3rd, LG Innotek announced that the company has received the esteemed "Supplier Excellence Award" from the luxury automotive brand, Jaguar L

LG Innotek said Monday that it has won the 2023 Supplier Excellence Awards from the UK luxury carmaker Jaguar Land Rover, becoming the first Korean firm to be named as a qualified supplier. The electronics component manufacturer became the winner of the "impact" category at the British carmaker’s annual awards for its outstanding quality of components and compliance with delivery dates. JLR has selected top-performing suppliers each year and has recognized their extraordinary con

Launched a new flexible stereoscopic automotive lighting product Brighter and more uniform lighting... Improving design flexibility with thin width Ramp up market occupation targeting premium vehicles SEOUL, South Korea, June 9, 2023 /PRNewswire/ -- LG Innotek (CEO Jeong Cheol-dong) has announced on the 9th, June that it has developed 'Nexlide-M,' a flexible stereoscopic automotive lighting. ‘Nexlide-M’, a flexible stereoscopic automotive lighting module launched

LG Innotek said Wednesday it has developed a new flexible three-dimensional lighting module for vehicles. Dubbed "Nexlide-M," the product boasts brighter, clearer and more uniform light emission, making it more visible in daylight, the company said. "The Nexlide-M is the whole package -- it has excellent functions and beautiful design," said Yoo In-soo, head of LG Innotek's Motor and Lighting business. In particular, it is able to emit clearer light while with minimal nu

7mm magnetic component for TV power module…opening the era of 2cm ultra-slim/ultra high-definition TV The key is 'High-efficiency Ferrite (X-2)' independently developed by utilizing AI 40% reduction in energy loss, 3 times increase in power density…Enabling slim magnetic component "Advanced development of future innovative materials will be continued…Differentiated customer value will be created" SEOUL, South Korea, April 27, 2023 /PRNewswire/ -- On the 27th, LG Innot

LG Innotek announced Monday it won the 2023 Edison Award in the commercial technology category for its ultrathin Nexlim magnetic component, which plays a crucial role in developing slim high-definition TVs. The world's thinnest magnetic component is used in TV power modules and vehicle chargers for voltage regulation and signal filtering. It improves energy efficiency in electronics and electric vehicles by reducing heat-induced power loss. LG Innotek started related research in 2017 as it

    ANDONG, North Gyeongsang Province -- South Korea has achieved remarkable economic success after the 1950-53 Korean War, but faces grave challenges ahead as the country suffers from rapidly aging population, low birth rate, and unhappiness. North Gyeongsang Province Gov. Lee Cheol-woo, who also heads the Governors Association of Korea, believes that the quality of Koreans' lives is being deteriorated by what he calls "metropolitan sickness.” The phenomenon of metropolitan

LG Innotek said Wednesday it has successfully developed an upgraded vehicle-to-everything communication module that drastically improves data transmission speed. The second-generation 5G network-based module, using Qualcomm chips, is considered a crucial safety component for autonomous driving. The company said it is seeking to start promotional activities targeting global car and parts makers, with an aim to debut the final product by 2025. The official product name is 5G-V2X Cellular Module. T

LG Innotek CEO Jeong Cheol-dong received the Gold Tower Order of Industrial Service Merit, the highest honor in the field awarded by the South Korean government, at the annual Trade Day ceremony Wednesday for his notable contribution to the national economy. Jeong was honored for his part in strengthening the competitiveness of the national industry by securing proprietary technologies in materials and parts, developing new technologies, leading process innovation and localizing equipment over t