LG Electronics Awards 'Life's Good Award' to ESG Innovation Team 4

Support for Solving Human and Earth Issues
‘Life's Good Award’ Ceremony

LG Electronics CSO Vice President Lee Samsu (first from the right) is seen visiting the promotional booth of the domestic startup 'Day1Lab,' one of the four award-winning teams, listening to an explanation about their solution.

[Asia Economy Reporter Sunmi Park] LG Electronics announced on the 17th that it held the ‘Life’s Good Award’ to encourage and support the challenges of global ESG (Environmental, Social, and Governance) innovators.

The ‘Life’s Good Award’ was held as part of LG Electronics’ ESG vision activities to realize ‘a better life for all’ for people and the planet. LG Electronics received solutions from global startups and individuals aimed at enhancing accessibility for people with disabilities and protecting the environment, and awarded the ‘Life’s Good Award’ after evaluating innovation and feasibility.

At the award ceremony held the previous day at LG Science Park, four companies?‘Dot’, ‘SOLUTUM’, ‘Day1Lab’, and ‘NONA Technologies’?were selected as winners from 334 teams across 61 countries after the first and second rounds of judging.

The grand prize was awarded to the domestic startup ‘Dot’ for proposing the display ‘Dot Pad’ for visually impaired people. The ‘Dot Pad’ is a tactile display composed of 2,400 braille pins on its surface, converting digital visual materials such as pictures and maps on PC or mobile screens into tactile graphics that can be felt by fingertips.

The gold prize went to Israel’s ‘SOLUTUM’ for proposing a biodegradable plastic solution without toxic residues. The plastic material proposed by ‘SOLUTUM’ dissolves in water and decomposes into natural substances without toxic residues. The silver prize was awarded to the domestic startup ‘Day1Lab’, which proposed a plastic alternative material based on carbohydrate composites that naturally decompose. The material proposed by ‘Day1Lab’ decomposes naturally in about two weeks in seawater and about two months in soil.

The bronze prize was awarded to the U.S. company ‘NONA Technologies’ for proposing an energy-efficient portable desalination device. The device proposed by ‘NONA Technologies’ uses electrodes to remove viruses, bacteria, and salt from seawater, producing drinkable water.

LG Electronics plans to award a total of $1.05 million to the four teams participating in the finals and support the commercialization of the proposed solutions. Samsoo Lee, Vice President of LG Electronics, said, “We will continue to collaborate with global innovators to create a sustainable society for ‘a better life for all’ for people and the planet, which is LG Electronics’ ESG vision.”

This content was produced with the assistance of AI translation services.