[Special Stock] LG Innotek Weakens Amid Pressure from Chinese Manufacturers on Camera Module Supply

LG Innotek's stock price is weak. It appears that pressure from Chinese manufacturers supplying iPhone camera modules and price reductions are affecting the stock price.

At 9:40 a.m. on the 2nd, LG Innotek was trading at 209,500 KRW, down 3.90% from the previous day.

Sanghyun Park, a researcher at Korea Investment & Securities, stated, "The iPhone selling price has been frozen again this year, and from the iPhone 16, Chinese manufacturers will also start supplying camera modules. The pressure to reduce prices will intensify further." He added, "The automotive electronics and package substrate businesses also do not seem easy at the moment."

He continued, "Currently, LG Innotek is at a critical point. It is time to break away from the sales structure concentrated on North American clients," adding, "Intense reflection and renewed determination are necessary for mid- to long-term growth."