LG Innotek CEO Moon Hyuk-soo said the company will continue to shift toward higher-margin and high-value businesses, positioning itself as a solutions provider rather than a traditional parts maker. Speaking to reporters at CES 2026 on Wednesday, Moon said the company plans to reorganize its portfolio around profitable package solution businesses, combining hardware and software to offer integrated services to customers. “LG Innotek is no longer just a parts supplier,” Moon said. “We are providi
In manufacturing, this means smarter automation, predictive maintenance to reduce downtime, and optimized resource allocation. In transportation, this accelerates the development and deployment of autonomous driving capabilities, leading to safer and more efficient transportation systems. The integrated solutions reduce development time and risks for companies incorporating AI into their offerings in these sectors.
Operational impact: For businesses, this means potentially easier integration of AI-powered solutions from LG Innotek rather than integrating discrete hardware and software components separately. This shift could improve the efficiency of implementing advanced technologies in manufacturing and transportation, resulting in faster development cycles and reduced operational complexities.