
LG Innotek named among Best Korea Brands 2025 by Interbrand
Interbrand, a global brand consultancy, assesses candidates based on financial performance, market influence and growth potential. LG Innotek's brand value was estimated at 407.5 billion won ($299 million) in this year's evaluation.
The company posted 21.2 trillion won in revenue in 2024, driven by strong performance across its core businesses ㅡ optical solutions, substrate materials and automotive components.
Leveraging its leadership in optical solutions, LG Innotek is expanding into parts for autonomous driving/advanced driver assistance systems and semiconductors, strengthening its portfolio.
It is also accelerating innovations in optical design, precision manufacturing and control technologies, applying them to humanoid robotics and other future growth areas.
Earlier this year, the company unveiled a new vision and brand identity, aiming to go beyond being a top-tier supplier to become an indispensable technology partner that supports customers' success.
'We will continue to deliver differentiated products that realize our clients' visions and develop our brand value as a trusted partner,' said LG Innotek CEO Moon Hyuk-soo.

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Korea Herald
14 hours ago
- Korea Herald
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Korea Herald
21 hours ago
- Korea Herald
Why Korea is suddenly talking about Arctic shipping route
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In addition to bypassing geopolitical risks, piracy and congestion in major straits that have disrupted global logistics along traditional routes, it is expected to provide access to resource-rich development projects in Russia's Arctic region. Busan: From port city to polar hub? 'Busan is located at the optimal starting point of the Arctic route to Europe,' said Yang Chang-ho, executive vice president of the Korea Shipowners' Association, during a press conference in June. 'Consolidating cargo from China, Japan and Southeast Asia in Busan and forwarding it through the Arctic route is one of the most economically viable scenarios.' The idea is based on Busan's established status as the world's second-largest transshipment port, after Singapore, bolstered by its location at the crossroads of East Asia's industrial belt — South Korea, China and Japan. 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Chinese President Xi Jinping and Russian President Vladimir Putin issued a joint statement pledging to 'enhance mutually profitable cooperation on the Arctic shipping route," during Xi's visit to Moscow in May. Japan has scaled back its involvement in the route since the start of Russia's war in Ukraine in 2022, but continues to hold stakes in Arctic resource development, aligning with Russia's interest in partnering with foreign companies to tap into its Arctic resources. Earlier this month, a senior official from the Japanese government-backed Organization for Metals and Energy Security reaffirmed its intention to maintain a 10 percent stake in the Arctic LNG 2 project on Russia's Arctic coast, according to Russia's Tass news agency. The stake is jointly held with Mitsui O.S.K. Lines, Japan's second-largest shipping company, despite years of sanctions on the project. Experts stress that coordination with the Russian government, now stalled due to sanctions, is essential for accessing the route, as navigability depends heavily on Russian policies. With such coordination difficult under current conditions, they also point to the need for Korea to nurture competitive shipping companies based in Busan that can secure sufficient cargo volume to sustain operations along the Northern Sea Route. "In terms of total volume — including imports, exports and transshipment — Shanghai far surpasses Busan, handling more than twice the amount," Choi added. forestjs@


Korea Herald
a day ago
- Korea Herald
Foreign ownership of Samsung Electronics tops 50% again
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