KPMG Australia Appoints John Sams as CEO Following Audit Leak Scandal 
Samsung Biologics Launches $1.81 Billion Bid to Acquire PolyPeptide 
Gold Climbs Above $4,000 as Middle East Tensions and Fed Outlook Drive Safe-Haven Demand 
GameStop Raises eBay Stake to 9.8% as Ryan Cohen Pushes $56 Billion Takeover Bid 
Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns 
SpaceX Targets Thursday Launch for Starship's 13th Test Flight After Last-Minute Delay 
Asian Currencies Hold Steady as Fed Outlook Offsets Middle East Tensions 
SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock 
Ryanair Warns Summer Airfares May Stay Lower as Quarterly Profit Misses Estimates 
TSMC Sees Multi-Year AI Chip Demand as Arizona Expansion Reaches $265 Billion 
Hong Kong AI Stocks Rally as Moonshot AI’s Kimi K3 Launch Boosts Market Optimism 
SpaceX Eyes Pentagon AI Deal as Cloud Pricing Strategy Pressures CoreWeave 
Gold Prices Slip Near $4,000 as U.S.-Iran Conflict Fuels Inflation Fears 
Tesla Stock Outlook: Strong EV Sales Boost Earnings, but AI Projects Drive Long-Term Value 
US-Iran Conflict Escalates as Gulf Attacks Threaten Global Oil Supply 
ASML Trillion-Dollar Valuation: Can Europe’s AI Chip Giant Reach the Historic Milestone? 
LG Innotek Co. posted a net income of 979.8 billion won in 2022, up 10 percent on-year, due to robust sales of high-value products and growing demand from automotive components.
The company, an affiliate of LG group and Apple’s largest optics partner, posted an operating profit of 1.27 trillion won last year, slightly high than its operating income of 1.26 trillion in 2021.
Annual revenue rose 31.1 percent on-year to 19.58 trillion won last year.
LG Innotek’s businesses range from core components for mobile and automotive displays to semiconductors and smart products.
However, the company suffered a 22.3 percent on-year decline in its net income to come in at 203.9 billion won, due to its major customers cutting back on production amid China’s prolonged COVID-19 lockdowns and global economic slowdown.
It suffered a 60 percent on-year decline in operating profit in the fourth quarter, at 170 billion won, while its revenue rose 14.4 percent to 6.54 trillion won over the cited period.
