UPDATED. 2024-03-28 05:14 (목)
LG InnoTek in talks with Chinese company to sell LED patents
LG InnoTek in talks with Chinese company to sell LED patents
  • Gijong Lee
  • 승인 2020.12.02 19:01
  • 댓글 0
이 기사를 공유합니다

To be sold for 100 billion won
Image: LG InnoTek
Image: LG InnoTek

LG InnoTek was in talks with a Chinese company to sell its LED production equipment and patents, TheElec has learned.

The South Korean component maker had said in October that it plans to exit the LED business.

The company internally decided to sell the LED business back in 2019. The business has posted annual loss for 12 straight years, racking up an accumulated loss of 1 trillion won.

LG InnoTek attempted to sell its LED production facilities in China and South Korea in the second quarter but this faced delays from the COVID-19 pandemic.

Companies in South Korea, China and Taiwan showed interest in purchasing LG InnoTek’s LED business, people familiar with the matter said.

Ex-executive the firm’s ultraviolet LED production site in Paju, South Korea to convince engineers of the deal with the Chinese firm.

LG InnoTek is expected to sell its LED production equipment and patents for around 100 billion won.

The patents will be especially attractive for the potential buyer as LG InnoTek has been developing ultraviolet LED for a long time.

Chinese companies are better positioned to profit from LED business thanks to government subsidies.

LG InnoTek will continue its car lamp operation, however. Affiliate LG Electronics bought Austrian car lamp company ZKW for 1.4 trillion won back in 2018.

LG InnoTek also sold its high density interconnection (HDI) board business last year.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr
ND소프트