LG Innotek was nominated for the 2004 Korea Productivity Grand Prize in the category of productivity innovation and business innovation.

The KMA Productivity Committee and Korea Management Association Consulting organized the event. In this digital era, the paradigm of management is increasingly and fundamentally changing.

LG Innotek (CEO: Hur Young-ho, www.lginnotek.com) is among the corporations that are striving to take advantage of these sudden changes and paradigm shifts, and convert them into opportunities for success and innovation, and to advance to the global arena.

We are taking a fresh leap toward a world-class company that leads the digital era by implementing a winning and a customer-oriented management.

LG Innotek proclaimed its “winning management” in 2002, which was geared toward profitability and future growth engines based on thorough, goal-oriented action.
Winning management seeks victory over the competition, and, eventually, aims to take the No. 1 spot in all related fields.

Likewise, a winning management aims to grab the No. 1 spot in individual, organization, product, and service categories.

In this vein, LG Innotek has fostered its digital and analogue tuners, motors for optical disk drives, and modulators to take the world’s No. 1 spot in the said areas.

LG Innotek is fostering LED and small TFT LCD modules, among other fields as its winning businesses.

LG Innotek is also intensively fostering core components for mobile telecommunications, display, and networking.

Customer-oriented management bases its criteria on the thoughts and actions of customers, and strives to provide value to customers in all business processes among individuals, organizations, and in the workplace, ranging from ordinary business handling to mid and long-term strategies.

Such winning management and customer-oriented management enabled the company to attain 300 billion won in sales in 2001, 400 billion won in 2002, and 500 billion won in 2003, growing at a rate of 30% annually.
This year, it is expecting one trillion won in sales, a 100% growth.

LG Innotek’s innovative battle cry for winning management is "Persistency until victory, to the last of our breaths.”
With these efforts, LG Innotek CEO Hur Young-ho said, “Above anything else, I strove to focus on inspiring and motivating our members, based on strong mutual trust.”
He evaluated, "We introduced assessment and citation systems. We awarded prizes to teams that attained superior key performance indicators, and implemented record renewal systems and innovation mileage systems. We inspired ‘new waves’ among members.”

[Korea Economic Daily, July 13, 2004]