New Delhi, Sept. 22 -- South Korean electronic materials manufacturer LG Innotek Co. has completed a new smartphone camera module plant in Vietnam and begun operations, as per a report by Pulse, the English service of Maeil Business Newspaper Korea.

The company plans to engage in a dual production strategy with Gumi, North Gyeongsang Province, as the mother factory and Vietnam as a mass-production hub for standard products.

The move aims to enhance cost competitiveness and solidify its position as the world's top camera module manufacturer.

According to the company on Sunday, its subsidiary in Hai Phong has completed the construction of the V3 plant and officially launched operations.

In July 2023, LG Innotek said it would invest a to...