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-manufacturing' company by advancing Digital Twin technology" SEOUL, South Korea, Aug. 22, 2024 /PRNewswire/ -- LG Innotek is accelerating its digital transformation to enhance business competitivenes

LG Innotek, the advanced materials and components maker affiliated with LG Group, is speeding up efforts to recruit outstanding international students to enhance its global competitiveness. According to the company on Wednesday, a total of 31 international students either from foreign or Korean universities joined this year’s global internship program that was completed earlier this month. Under the five-week program, the students were allocated to diverse business divisions, including res

LG Innotek announced Thursday that it will expand the integration of digital twin technology throughout its operations in partnership with Ansys, a US engineering simulation software developer. Digital twin technology recreates physical objects in a virtual space to simulate real-world scenarios using computer models, thereby predicting outcomes and cutting manufacturing time and costs. Ansys is renowned for its technological prowess and experience in simulation using 3D modeling, AI and machine

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 selection as an "Good Company for Equal Employment Opportunity." SEOUL, South Korea , July 24, 2024 /PRNewswire/ -- LG Innotek (CEO Moon, Hyuksoo) announced on July

LG Innotek said Monday that it has developed a more advanced digital key solution for smartphone-based vehicle control. The technology uses wireless communication to connect with smartphones, allowing users to unlock and start their vehicles without carrying a key, thus reducing the risk of key loss and enhancing security. Since launching its first automotive digital key module in 2021, the company has continued upgrading the technology. The new next-generation solution combines the previous mod

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 environmental facilities SEOUL, South Korea, July 18, 2024 /PRNewswire/ -- On the 18th, LG Innotek (CEO Moon, Hyuksoo) announced that it has successfully converted about 61% of the electricity consumption

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