Market Chatter: LG Innotek to Invest KRW600 Billion in Gumi Plant Expansion

MT Newswires Live

03/27

LG Innotek (KRX:011070) signed a 600 billion won investment deal with North Gyeongsang Province and Gumi City to expand its flip-chip ball grid array (FC-BGA) substrates and camera module production at its Gumi plant, Pulse News reported Wednesday.

The investment, running from April 2025 to December 2026, follows a 1.4 trillion won pledge in 2022, when the company acquired and repurposed Gumi Plant No. 4 into an FC-BGA production hub, the report said.

Shares of the electronic component manufacturing firm fell more than 1% in recent trade on Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6073","symbol_name":"工业机械","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2522394505","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522394505","pubTimestamp":1743045897,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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