Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
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.
