Founded in 1970, LG Innotek is a global specialized materials and components manufacturer that is contributing to the development of related industries and to the sustainable growth of society with high-tech products and technologies. In the LED, PCB, mobile, display and automotive components business areas, LG Innotek has developed globally competitive technologies while on its way to creating the highest customer value.
A Global Specialized Materials & Components Company
LG Innotek is proud to be a global specialized materials and components manufacturer that provides the best value and is always our customers' first choice. We have strategically fostered the materials and device technologies necessary for LG Innotek to play a leading role in the materials & components industry through enhanced forward and backward linkage effects. This has allowed us to become a leader in the materials & components business, our future growth engines.
LG Innotek has been at the forefront of high technologies and market penetration. In fact, we were the first company in Korea to succeed in the commercial production of TV tuners. Later, we achieved some of the world's leading technologies in digital tuners, optical disk driver motors, tape substrates, photomasks and camera modules. Coupled with these technological advantages, our marketing strengths have allowed us to affirm our technological and market competitiveness in related businesses. Indeed, LG Innotek has sustained an annual average growth rate of 33 percent over the past four years. A balanced sales performance in our main businesses, such as substrate materials and optic solutions, as well as strategic expansion into new business areas that include automotive components help make up our sustainable business portfolio.
A Leading Global Company
Backed by nine overseas production subsidiaries and five overseas offices around the world, LG Innotek promptly responds to customer needs and global market demands. Our R&D Center is also playing an important role in terms of technical support for these business activities. In addition to its head office in Seoul, the six domestic operations across the nation use their localized advantage to reinforce productivity, while contributing to local economies as well. Today, our advanced technologies in our main businesses are leading the market. For instance, LG Innotek is a global leader in camera module manufacturing, the key component of mobile devices such as smartphones. Other materials & components of ours that lead global markets include digital tuners, an audio/video receiver that allows your TV to receive and display digital television signals, spindle motors for optical disc drives, and tape substrates, which connect main boards to LCD panels, and photomasks that are engraved on LCD panel substrates. While we continue to hone our competitive edge in the LED and PCB businesses, we are also continuing to expand into new growth engines such as automotive components and touch windows.
Our Ultimate Goal and Leading Vision: The First Partner
LG Innotek provides the best value and is proud to always be our customers' first choice. From materials to components to modules, LG Innotek is playing a leading role in the industrial development of all its business areas - LED, PCB, Mobile, Display, Network and Automotive components - while growing alongside client companies. On the basis of this leading competitiveness, we are maintaining the highest satisfaction and success for our customers around the world.
LG Innotek's vision to be "The First Partner" also demonstrates our determination to become a core component manufacturer that provides customers with the best value, and a company that customers choose before anyone else as we grow alongside them. In line with this, we have devised the short-term goal of achieving what we call the "Triple Ten": KRW 10 trillion in sales, 10 percent in operating profit, and 10 No. 1 products worldwide by 2015. Based on the LG Way - the behavioral guidelines for all LG Group personnel - LG Innotek has overcome ceaseless challenges to achieve its vision through LG Innotek's unique success DNA. This Triple Ten has made us a differentiated organization by being goal-oriented and believing in passion, speed, autonomy and creativity, and also through our three No. 1 strategies: No. 1 People, No. 1 Process, and No. 1 Products.
The Power to Achieve our Vision: Three No. 1 strategies
LG Innotek is carrying out its vision through three No. 1 strategies. First, No. 1 People means we are cultivating globally competent expertise in our employees. Secondly, No. 1 Process refers to our tireless process innovation to improve our work process, which is strengthening our core competencies. Finally, No. 1 Product strategy represents our commitment to providing the highest customer value through an extensive lineup of products which all make use of our advanced core technologies.
The Energy Source behind Our Strategy Implementation: DNA
Our DNA implementation represents the potential energy innate within LG Innotek. As the fundamental element behind implementing the No. 1 Strategy, DNA implementation also serves as the behavioral guidelines for all our employees. The most important part of our DNA implementation is instilling a goal-oriented mindset. Placing customer value at the top of our priority list, every member of the organization is setting challenging goals and working hard to achieve them. Passion is the element of DNA implementation whereby employees carry out their jobs with a sense of ownership. Autonomy & creativity allow employees to think outside the box and learn from trial and error, giving them the chance to realize customer value far beyond their expectations. Lastly, the principle of speed allows us to respond swiftly to customer needs through real-time communication.
updated 6th January, 2014
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