SEOUL -- LG Innotek, an affiliate of South Korea's LG Group, plans to invest 547.8 billion won ($496 million) to increase production of camera modules used in iPhones.
The company will expand its factory in South Korea, where it builds the modules using image sensors from Sony and Samsung Electronics. The finished products are shipped to smartphone assemblers like Taiwan's Hon Hai Precision Industry, also known as Foxconn, a main Apple supplier.
