LG Innotek Ends LED Business... "Improving Business Portfolio"
[Asia Economy Reporter Dongwoo Lee] LG Innotek announced on the 28th that it will terminate its LED business due to intensified competition in the LED market and poor business performance.
The sales revenue of the relevant business division amounts to 326.7 billion KRW, accounting for 3.9% of recent total sales.
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An LG Innotek official stated, "We will dispose of remaining assets and improve the business portfolio through selection and concentration."
This content was produced with the assistance of AI translation services.
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