[헬로티 HelloT] LG Innotek receives the ‘$10 Billion Export Tower’ award on the 60th Trade Day

LG Innotek announced on the 5th that it received the ‘$10 Billion Export Tower’ award on the 60th Trade Day.

The Ministry of Trade, Industry and Energy and the Korea International Trade Association hold an awards ceremony to commemorate Trade Day every year on December 5 to recognize companies that have pioneered overseas markets and contributed to improving national export competitiveness.

At the awards ceremony held on this day under the theme of ’60 years of export and import, Korea on the rise again’, LG Innotek received the $10 billion export tower. LG Innotek CEO Moon Hyuk-soo personally received the $10 billion export tower from President Yoon Seok-yeol, who attended the awards ceremony.

Founded in 1970, LG Innotek has continued to develop cutting-edge innovative materials and components related to optical solutions, substrate materials, and electronic components, and has grown into a leading company in the global market. The company won the $5 billion export tower in 2014.

LG Innotek’s export performance, which was around KRW 8.8 trillion in 2020, reached KRW 14.1 trillion in 2021 and KRW 18.6 trillion last year. Exports increased by 113% in just three years. In particular, the ratio of exports to sales exceeded 95% in 2022, which was evaluated as a significant contribution to the increase in national exports.

LG Innotek has maintained the No. 1 global market share in the camera module field since 2011, and is developing and producing global No. 1 products in various areas, including high-value communication semiconductor substrates such as RF-SiP and display substrates.

CEO Hyuk-soo Moon said, “We will create LG Innotek together with our executives and employees to continuously contribute to increasing national exports with innovative technologies and production competitiveness that provide differentiated customer value.”

Hello Tea reporter Lee Chang-hyeon |