113% Increase in Export Value in 3 Years... LG Innotek Awarded the '100 Billion Dollar Export Tower'

The 60th Trade Day Awards Ceremony
LG Innotek Achieves 18.6 Trillion Won in Exports Last Year

LG Innotek announced on the 5th that it received the '100 Billion Dollar Export Tower' award in celebration of the '60th Trade Day.'

The Ministry of Trade, Industry and Energy and the Korea International Trade Association hold an awards ceremony every year on December 5th, Trade Day, to honor companies that have pioneered overseas markets and contributed to enhancing the nation's export competitiveness.

Moon Hyuk-soo, CEO of LG Innotek. [Photo by LG Innotek]

At the ceremony held under the theme "60 Years of Export and Import Nation, Korea Leaps Again," LG Innotek CEO Moon Hyuk-soo personally received the 100 Billion Dollar Export Tower from President Yoon Seok-yeol, who attended the event. The company had previously received the '50 Billion Dollar Export Tower' in 2014.

LG Innotek's export performance, which was around 8.8 trillion KRW in August 2020, reached 14.1 trillion KRW in 2021 and recorded 18.6 trillion KRW last year. This represents a 113% surge in export value over three years. In particular, in 2022, the export ratio compared to sales exceeded 95%, being recognized as a significant contributor to the nation's export growth.

CEO Moon Hyuk-soo stated, "With innovative technology and production competitiveness that provide differentiated customer value, we will continue to build LG Innotek together with our employees to contribute to the nation's export growth."

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