LG Innotek was set up as Goldstar Precision in 1970. LG Innotek spun off its defense business, NEXFuture1, and sold it to LIG Group in 2004.[4] LG Innotek merged LG Micron, another LG Group component-producing arm, in July 2009.[5]
In Oct 2024. LG Innotek, said it has developed a high-performing magnet that requires zero heavy rare-earth metals in collaboration with the Korea Institute of Materials Science.[6]
