Firm benefits from LG InnoTek’s exit from LED business Image: LG Display South Korean LED firm Wooree E&L has secured half the supply of LED module used by customer LG Display, TheElec has learned. People familiar with the matter said Wooree’s LED modules currently accounts for around 50% of those used by the South Korean display panel maker. LED modules are used as the backlighting unit in liquid crystal display (LCD) TVs, notebooks and monitors. The modules are supplied to LG Display, which in turn supplies the...

LG Innotek has been planning to quit its LED business and a recent report by TheElec, a Korean media, covered that LG Innotek has sold its LED sector and the back light unit (BLU) LED business will be taken over by Seoul Semiconductor and Wooree E&L. Wooree E&L, a LED packager from South Korea, has secured the sales permit from LG Innotek to sell BLU LED of laptops, monitors, TVs and signage to LG Eletronics, Dell and HP via LG Display. The other Korean LED company Seoul Semiconductor is reportedly taking over more ...