South Korean companies operating in Vietnam have provided a total of 9.2 billion won ($7.8 million or 180 billion dong), in donations to help the Southeast Asian country secure COVID-19 vaccines, according to officials in the South Korean Embassy in Vietnam and local media reports Tuesday. If donations from South Korean individuals are counted, the combined contribution to Vietnam’s vaccine fund could surpass 10 billion won, they said. Forking out the biggest amount was Samsung Electro

LG Group affiliates operating in Vietnam have yet to receive any COVID-19 vaccines despite donating billions of won to help the Southeast Asian country secure the jabs, Korean media outlets reported Monday. Citing sources in Vietnam, the reports said LG Group employees working at the home appliance plants in Haiphong City have not received any vaccines. The parent group has contributed 1.55 billion won ($1.4 million) to Vietnam’s national vaccine fund. This is in stark contrast to oth

LG Group’s materials and components maker LG Innotek managed to cut greenhouse gas emissions by 11 percent last year, from the previous year, the company said in a report released Monday. According to the firm’s 2020-21 Sustainability Report, it reduced emissions by an estimated 45,000 tons, which is equivalent to what 3.9 million trees would have absorbed over a year. In addition to that, the company was able to cut water usage by 7 percent from 2019, by expanding investment in

LG Group’s material and components maker LG Innotek has been recognized for the quality of its auto parts supplied to General Motors, the company said Tuesday. The South Korean firm received the 2020 GM Supplier Quality Excellence Award, marking its fourth consecutive win dating to 2017. GM recognizes partners that meet standards of zero quality defects and strict quality control for automotive components with the award, as quality control is directly related to the safety of drivers,

South Korean brokerage firms and asset management companies are keeping a close eye on a new virtual world convergence of cutting-edge technologies, amid market expectations of the emerging sector propelling greater growth. The metaverse -- a combination of “meta” and “universe” -- refers to a virtual world shared by people in the real world. It has rapidly emerged as a major trend for companies around the world. According to industry watchers Tuesday, two Seoul-based

LG Innotek's quality system has been certified by Jaguar Land Rover. LG Innotek boasts quality competitiveness recognized by global companies. LG Innotek will accelerate its effort to make inroads into the next-generation automotive component market. SEOUL, South Korea, May 26, 2021 /PRNewswire/ -- LG Innotek (CEO Cheol-Dong Jeong) announced on the 26th that it had received the Jaguar Land Rover Quality Certificate from the global premium vehicle maker Jaguar Land Rover. LG In

LG Innotek, LG Group’s materials and components maker, received the Jaguar Land Rover Quality Certificate from the global car maker, the company announced Wednesday. 　 Jaguar Land Rover awards a quality excellence certificate to one supplier every year based on quality and the supplier’s adherence to delivery schedule.　 LG Innotek has been supplying a DC-DC converter product to the automaker since 2017. A DC-DC converter is a key component used in hybrid and electric cars. 　 This

LG Innotek, LG Group’s cutting-edge manufacturer of materials and components, is holding an exhibition to showcase its business history, current market status and product lineups. It will take place online and offline simultaneously. The purpose of the event is to help LG Innotek’s business partners and the public to better understand the company, it said. The online exhibition comprises two separate segments. One is designed especially for the company’s corporate partners,

The Korea Herald is publishing a series of interviews with executives of South Korea’s leading corporations on their response to environmental, social and corporate governance, or ESG, issues, which have become central factors globally in measuring the sustainability of an investment or business decision. -- Ed.  Since even before the environmental, social and corporate governance trend caught on in corporate Korea, LG Innotek has been making quiet efforts for years for the betterm

South Korean electronics components maker LG Innotek said Tuesday it has launched an artificial intelligence-based patent search and analysis system that can handle a task 900 times faster than human. According to the affiliate of LG Group, the system can process 50,000 pieces of patent data in four hours, which would otherwise require five workers to work eight hours a day for 100 days. “This is possible thanks to the AI-powered automatic sentence recognition model co-developed with

LG Innotek Co., a major electronics parts maker in South Korea, said Tuesday it has established an artificial intelligence (AI) powered patent search and analysis system to beef up its research and development (R&D) efforts. With its deep learning technology, the affiliate of LG Electronics Co. said the system leverages sentence recognition algorithms which it developed with LG AI Research, an AI technology research hub for LG Group. Its solution can execute real-time analysis of context a

The labor union of LG Innotek has sent various items to COVID-19 front-line workers as a token of appreciation for their contributions to society, the company said Wednesday. Various branches of the union organized the donations on their own, which in total amount to 33 million won ($29,000). The Gumi, North Gyeongsang Province, chapter, for instance, prepared stationery sets for 111 nurses and nursing assistants whose children began school this year, along with letters expressing their grati

Hyundai Mobis, the auto parts affiliate of Hyundai Motor Group, is expanding its presence in the global auto lamp market with its series of unique rear lamp technology, officials said Tuesday. After two years of joint research with LG Innotek, the parts maker has recently come up with HLED, a thin film-like material that can be flexibly bent and that emits light in all conditions. Due to its delicate light control, the product may be applied to both the stop lamp and the tail lamp with a mere

LG Innotek said Monday the company has inked a deal with Microsoft to increase its share in the 3D-sensing module market. The South Korean electronic parts supplier signed a memorandum of understanding with the US-based tech mogul to cooperate on the development of ToF modules for Microsoft’s Azure Cloud service. The ToF -- time of flight -- module is a core component of 3D-sensing cameras which perceives three-dimensionality, spatial information and movement of an object by measuring

LG Innotek Co., a major electronics parts maker in South Korea, said Monday it has joined hands with Microsoft Corp. to better expand its presence in the 3D sensing component market. Under the partnership, the two sides will collaborate on the development and supply of Time of Flight (ToF) modules dedicated for Microsoft's cloud platform Azure. A ToF module is a core 3D sensing camera component that can recognize three-dimensionality, spatial information and movement of an object by using the