A Deal Valued at KRW1tn

LG Innotek is in talks with Tesla to supply camera modules worth 1 trillion won.

LG Innotek is in talks with Tesla over a camera module supply deal worth 1 trillion won, the company said in a public disclosure on Aug. 25.

The company acknowledged press reports about its negotiations with Tesla, but said that nothing has been fixed.

"We plan to make another disclosure about the matter when specific details are finalized or within one month," LG Innotek added.

If the deal is finalized, LG Innotek will supply the camera modules to Tesla's Austin, Texas factory in the United States, sources say. Camera modules are mainly used to produce smartphones and vehicle products. LG Innotek's stock price rose 4.75 percent to close at 341,500 won on Aug. 25.

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