KRX:011070

Update: LG Electronics Reports Fatal Incident at LG Innotek Subsidiary Dormitory

(Updates to add LG Innotek's ticker)LG Electronics (KRX:066570) subsidiary LG Innotek (KRX:011070) reported a cardiac arrest at an off-campus dormitory that resulted in the death of the individual.The Wednesday incident at the camera modules and semiconductor substrates supplier's Gyeongbuk, South Korea, facility will be verified by the Ministry of Employment and Labor, according to a bourse filing on Thursday.

LG Innotek Returns to Profit in Q2

LG Innotek (KRX:011070) posted a net profit attributable to shareholders of the parent company of 169.7 billion won, returning from a net loss attributable to shareholders of the parent company of 8.68 billion won a year earlier.The South Korean materials and components manufacturer's sales increased year over year to 5.527 trillion won from 3.934 trillion won, according to a Monday filing with the Korea Exchange.

UBS Upgrades LG Innotek to Buy from Neutral; Price Target is KRW1.2 Million

LG Innotek (KRX:011070) has an average rating of buy and mean price target of 1,137,863.60 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Nomura Adjusts LG Innotek's Price Target to KRW930,000 From KRW540,000, Keeps at Neutral

LG Innotek (KRX:011070) has an average rating of buy and mean price target of 1,063,318.10 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Market Chatter: LG Innotek Aiming to Expand Package Solutions Business

LG Innotek (KRX:011070) is aiming to expand its existing package solutions activities, backed by growing demand for semiconductor substrates, amid the ongoing artificial intelligence boom, according to a Wednesday report by the Yonhap News Agency.Speaking with reporters, executive vice president Cho Ji-tae said the company aims to leverage its "differentiated technological capabilities" to enhance its market share.The company's package solutions segment logged a revenue of 1.72 trillion won in 2025, with operating profit soaring 82% year over year to 128.9 billion won, the report noted.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

LG Innotek, Kakao Mobility Sign Deal for Autonomous Driving Solutions

LG Innotek (KRX:011070) signed a memorandum of understanding with internet company Kakao (KRX:035720) subsidiary Kakao Mobility to develop autonomous driving solutions, according to a Wednesday release.Under the agreement, the planned autonomous driving solution will combine LG Innotek's high-performance sensing modules, including cameras, radar, and light detection and ranging (LiDAR), with Kakao Mobility's platform services and software, the release said.Shares of the South Korean materials and components manufacturer fell over 4% at market close, while those of Kakao declined more than 3%.

Nomura Adjusts LG Innotek's Price Target to KRW540,000 from KRW280,000, Keeps at Neutral

LG Innotek's Net Attributable Income Jumps 168% in Q1

LG Innotek (KRX:011070) posted first-quarter net income attributable to shareholders of 229.1 billion won, up 168% from 85.6 billion won a year earlier, according to a Monday filing with the Korea Exchange.The South Korean materials and components manufacturer's sales rose 11% year over year to 5.535 trillion won from 4.983 trillion won.Shares of LG Innotek fell more than 1% at market close.

LG Innotek Secures KRW100 Billion Wi-Fi 7 Module Contract from European Parts Manufacturer; Shares Rise 3%

LG Innotek (KRX:011070) secured a contract worth 100 billion won from a European parts manufacturer, and will supply its vehicle Wi-Fi 7 communication module under the deal, the South Korean materials and components manufacturer said Monday.Mass production for the modules is scheduled to begin in 2027, the release said.The module, featuring 320 MHz bandwidth and 4K-QAM technology, will be integrated into audio, video, and navigation (AVN) systems for global automakers via a German automotive parts customer, it said.Shares of LG Innotek rose 3% in recent trade.