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

Top executives of South Korean technology giants stressed on Monday their need to push relentlessly for unmatched quality in a long-term approach, as their electronics and semiconductor chip businesses are projected to yield the highest revenue for 2021, in their respective New Year’s addresses. Fierce competition on a global scale still leaves Samsung Electronics, one of the world’s leading electronics goods makers and chipmakers, with a long road ahead to secure a technology leade

LG Innotek said its chief executive Jeong Cheol-dong will receive an award from the Institute of Electronics and Information Engineers on Friday for helping raise the global competitiveness of the local materials and parts industry. Jeong, known for his insight on the materials and parts market with 37 years of experience in business-to-business deals, will receive the Haedong Technology Award from the academic organization, the electronic components maker said. Having joined LG Semiconductor

Samsung Electronics was recognized with a $110 billion Tower of Export at the 58th Trade Day in South Korea, in an unprecedented move among companies of Asia’s fourth-largest economy, data from the Ministry of Trade, Industry and Energy showed Monday. This comes as the Korean technology bellwether earned $113.2 billion from July 2020 to June this year from exports of semiconductor chips, consumer electronic goods and mobile handsets. This accounted for a fifth of the total exports of Kor

LG Innotek said Wednesday one of its senior officials won a presidential commendation at the 2021 Korea Tech Show for developing innovative technology and products. Lee Kwang-tae, head of LG Innotek’s package substrate production division, received the award for contributing toward enhancing the competitiveness of Korea’s semiconductor substrate industry. Lee joined LG Electronics in 1999 and has worked on substrate development and production technology. Since 2008, he has led the

Six Korean companies have been added to the Dow Jones Sustainability World Index (DJSI) said a public institution under the Ministry of Industry, Sunday. The six companies are Samsung Biologics, Kakao, SK Telecom, Hyundai Motors, logistics company Hyundai Glovis and car parts maker Hyundai Mobis, the Korea Productivity Center said. The Dow Jones Sustainability World Index is part of a larger family of Dow Jones Sustainability Indices (DJSI) launched in 1999 as the first global sustainabilit

LG Innotek said on Tuesday its Gumi factory in North Gyeongsang Province has earned international certification for having zero waste go to landfill, a first in the materials and components industry here. The electronic parts supplier said its Gumi plant received platinum grade “Zero Waste to Landfill” certification from the international institution Underwriters Laboratories for its resource circulation efforts. ZWTL grants different grades based on how much industrial waste is re