Parts business to boost LG's new holding firm
Posted : 2021-05-02 15:58
Updated : 2021-05-02 17:36
Silicon Works' research center in Daejeon, south of Seoul, is seen in this photo, Sunday. Korea Times file
By Kim Yoo-chul
After confirming the official launch of LX Group, a spin-off holding company from the LG Group, investors' attention is on how Chairman Koo Bon-joon will formulate his thoughts into detailed corporate growth focusing on its semiconductor affiliate, Silicon Works.
Silicon Works is the country's largest fabless (non-manufacturing) company and is set to diversify its business portfolio under this new leadership, given Koo's strong interest and successful track record in managing component-oriented businesses, according to people familiar with the issue.