LG Innotek, a parts manufacturing subsidiary of LG Corp., announced Wednesday that the company has its eye on the global water treatment market, especially in China, with its ultraviolet ray light-emitting diode technology. The company said it had developed a 150-milliwatt UV LED chip for commercialization this year and would further raise the power to 200 milliwatts next year. LG Innotek is more familiar as a provider of smartphone camera modules, known to be a major supplier of the dual camera

Although rivals tend to attack LG’s struggling smartphone business, the tech conglomerate remains unfazed, setting its sights on innovation in its lucrative mainstays, with its focus for this year on research and development.LG plans to invest 19 trillion won ($17 billion) this year, with the bulk of it set aside for next-generation technologies including car components, self-driving sensors, plastic organic light-emitting diodes, camera modules and the bio sector. LG’s keyword this year is R&D,

Sluggish iPhone X sales rumors are adversely affecting earnings forecasts for South Korean electronic parts suppliers, market watchers said Sunday.Local stock market and industry watchers said earnings estimates for chipmakers SK hynix Inc. and Samsung Display, as well as LG Display and LG Innotek, have been downgraded for this year.They said the concerns come as sales figures for the latest iteration of Apple Inc.'s flagship smartphone may not be meeting initial expectations. The iPhone X with

South Korean tech company CEOs are expected to show up in force at the upcoming Consumer Electronics Show that kicks off in Las Vegas this month, industry sources said Monday.According to business insiders, big companies, such as Samsung Electronics Co, LG Electronics Inc. and SK hynix Inc., will have many of their top executives at the annual trade show that runs from Jan. 9-12."Executives will check out all the new products, technology innovations made and trends going forward, as well as exam

LG Innotek, the electronic device components making unit of South Korean conglomerate LG Group, said Monday it had become the first in the world to develop an ultraviolet-C light-emitting diode with an output of 100 milliwatts -- two years ahead of industry forecasts.UV-C LED, also known as deep-UV LED, emits short rays between 200 and 280 nanometers to destroy bacterial DNA and create chemical reactions.It is appreciated for its sterilizing function, but producers had struggled to increase its

Due to the short supply of Apple’s most expensive iPhone, the initial preorder volume allocated for the South Korean market ran out within a few minutes Friday, as soon as it was launched. According to mobile carriers here, the first preorder batch of the latest iPhone X sold out in less than five minutes, reflecting high expectations toward Apple’s first smartphone with an organic light-emitting diode screen and face ID function. Unlike the iPhone 8 series that hit shelves last month, the iPhon

The top 30 business groups made big gains in operating profits up to third quarter of this year, but they have not hired a lot of new people, especially in permanent positions, corporate data showed Thursday.CEO Score, a local corporate research firm, analyzed 261 affiliates of the top 30 conglomerates that submitted business reports for the third quarter. Results showed that the companies had 945,067 staff members as of the end of September, up 1.2 percent, or 11,452 people, from the same perio

GWANGJU – Robots in a 2-meter-tall box-shape equipment swiftly but precisely place six plastic lenses that are about a fourth of a fingernail in size on an image sensor. On top of the six-layer lenses, the Crystal Clear glass lens is added to let in more light to present better picture quality. This is a common sight at LG Innotek‘s camera module plant in Gwangju, where LG Electronics‘ first F1.6 dual camera module, which has been adopted by the company‘s latest flagship V30 smartphone, is produ

LG Electronics Inc. on Thursday expressed confidence in the photo-taking features of its new flagship V30 smartphone, and said it is committed to making the best camera modules for smartphones.LG Innotek Co., an electronics parts maker under LG, told reporters touring its factory that nearly two-thirds of the production procedures of its camera modules were allocated to testing performance. It stressed that such steps require the greatest attention to detail as the complexity of the cameras in t

South Korean stocks closed higher Thursday as investors scooped up large-cap tech and auto shares following overnight gains on Wall Street, analysts said. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index added 17.48 points, or 0.74 percent, to 2,377.76. Trade volume was moderate at 283.1 million shares worth 6.3 trillion won ($5.8 billion), with losers slightly outnumbering advancers 403 to 397.The broad index opened higher taking a cue from overnight gai

South Korean firm LG Electronics Inc. said Monday that it would showcase its advanced auto-parts related technology at a motor show to be held in Germany this week.LG Electronics said it would show key auto parts to global automakers during the 2017 Frankfurt Motor Show to be held from Sept. 14 to 17.Since its first participation in the 2014 Beijing Motor Show, LG Electronics has been rolling out crucial auto parts at international motor shows.LG Electronics plans to showcase its AV navigation s

The consumer price of US tech giant Apple Inc.'s new iPhone to be unveiled this month will depend on how much is paid to South Korean parts manufacturers, industry watchers said Friday.The outlook came as many high-end features to be applied in the upcoming iPhone, including OLED panels, NAND flash memory chips and dual-camera modules, are provided by South Korean companies. (AFP-Yonhap)Industry watchers said the next generation iPhone, which is set to be revealed next week, will likely come wit

LG Group, which has been aggressively expanding its presence in the vehicle components sector, made clear it is not moving to build electric vehicles (EVs), industry sources said Thursday."We are not even considering manufacturing a complete vehicle," an LG Group official stressed.Industry watchers have been speculating that LG Group may jump into car production as its affiliates recently expanded investment in the vehicle components businesses. (Korea Herald DB)Last month, LG Electronics Inc. s

South Korea's top seven tech giants are expected to see their operating profit rise 200 percent on-year in the third quarter, a report showed Sunday, maintaining solid growth throughout 2017.KB Securities Co. said Samsung Electronics Co., SK hynix Inc., Samsung SDI Co., LG Electronics Inc., LG Display Co., Samsung Electro-Mechanics Co., and LG Innotek Co., are set to post a combined operating profit of 19.4 trillion won ($17.2 billion) in the July-September period.For the second half of 2017, th

LG Innotek said Thursday the company’s 10-watt high-power light-emitting diode package was used for the main lights of the Suwon Word Cup Stadium, where the finals of the FIFA U-20 World Cup Korea 2017 will be held Sunday. The high-power LED package emits bright light with power consumption of 1 watt or more, providing optimal lighting that will allow players, spectators and TV viewers to focus on the match, the company said. Its color temperature is 5,000 Kelvin and it is used for sports stadiu