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LG Establishes LG Awards Hall of Fame

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LG Establishes LG Awards Hall of Fame
Business

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LG Establishes LG Awards Hall of Fame

2025-04-10 15:20 Last Updated At:15:35

"The most important principle we must uphold is putting the customer first."
- LG Corp. Chairman and CEO Kwang Mo Koo

SEOUL, South Korea, April 10, 2025 /PRNewswire/ -- LG hosted the 2025 LG Awards at LG Academy (LG's Corporate University) in Icheon, South Korea, celebrating standout examples of customer value innovation. This year's event marked a milestone with the unveiling of the first-ever LG Awards Hall of Fame, created to honor past winners.

Now in its seventh year, the LG Awards was launched in 2019 to recognize products and services that have meaningfully improved customers' lives. Since its inception, the awards have honored 492 teams and more than 4,000 individual contributors.
*Award recipients by year: 2019(321), 2020(480), 2021(448), 2022(593), 2023(769), 2024(724), 2025(680).

More than 500 people attended the ceremony, including LG Corp. Chairman and CEO Kwang Mo Koo, executives from across LG, customer representatives, and award recipients. An additional 1,000 employees joined the event via livestream, adding to the celebratory atmosphere during each award announcement.

"We created the Hall of Fame here at LG Academy to honor the results of your innovation," said Chairman Koo. "The names and projects that will be added in the years to come will serve as a source of inspiration and guidance for all LG employees."

During his remarks, he also emphasized LG's long-term vision: "Our journey to deliver differentiated value for the future will always continue, and the most important principle we must uphold is putting the customer first. Let's continue to build on LG's DNA of challenge and change, push toward new industry-firsts, and build a future where LG is loved even more deeply by customers."

An LG spokesperson also commented on the broader business context: "At a time of growing global uncertainty, including rising trade barriers, there are many strategic paths to consider. But this moment reaffirms that our top priority must remain relentless innovation for the customer."

The inaugural LG Awards Hall of Fame installation displays plaques engraved with the names and award-winning projects of past recipients of the "Customer Impression Grand Award."

The Hall of Fame is located in the lobby of Yeonam Hall at LG Academy in Icheon, the company's main training center. It is where employees, from entry-level to executive, receive education in core values, management philosophy, and job-related skills. The location is designed to help all LG members naturally engage with examples of customer-driven innovation. The 31 members of this year's three Grand Prize-winning teams personally mounted their plaques, commemorating their contributions to customer value.

LG is also creating dedicated display spaces within each affiliate's office to recognize their own LG Awards winners. Major meeting rooms will feature the names of grand prize recipients to inspire pride and motivation across teams. In addition to receiving plaques, winners are awarded cash prizes and opportunities to participate in overseas workshops.

The 2025 LG Awards were judged through an open evaluation process involving both customers and employees. For the first time, customer evaluations went beyond individuals to include group feedback, incorporating perspectives from homemakers, professionals, international consumers, and the MZ generation. LG employee participation in the judging process also saw a major jump, rising from 10,000 last year to more than 14,000 this year, underscoring the growing enthusiasm for the awards.

This year's awards honored 87 teams and 680 individuals. Recipients included three Customer Impression Grand Award winners in the categories of Individual and group; 39 teams received the Customer Satisfaction Award, and 45 were recognized with the Customer Empathy Award. Evaluation criteria included whether the innovation exceeded customer expectations, whether it delivered a meaningful improvement in customers' lives, and whether the project had the potential to be scaled into product processes or best practices.

In the Individual category, Seong Kuk Moon of LG Electronics received the grand prize for developing the Clean View feature, which makes air conditioner hygiene easier for users. With the press of a button, users can open the unit to inspect and clean the interior, addressing long-standing concerns over cleanliness and maintenance. The innovation also includes a "Viewcase" at the base of the product, allowing users to display books or picture frames, reflecting thoughtful design for modern living spaces. The Clean View feature has been already been applied to current models, contributing to strong sales and helping LG maintain the top market share in the air conditioner segment.

In the group category, the grand prize went to LG Energy Solution's Infrastructure FA Technology team. They developed a logistics solution using autonomous mobile robots (AMRs) to manage frequent equipment changes and fluctuating material flow at battery production facilities. In group category, the grand prize was also awarded to the Optical Solutions Division at LG Innotek for its contributions to advancing camera module technology.

Other notable winners include LG AI Research, which received the Customer Satisfaction Award for its generative AI model EXAONE 3.5, and LG Uplus, which introduced, ixi-O, a real-time voice phishing detection technology that can answer calls on behalf of users to block scams.

LG Chem also received the Customer Empathy Award for developing the world's first automotive sunroof film capable of both achieving a black tint and supporting segmented control. HSAD was also honored for its post-proposal initiative, which marked a first in the advertising industry where the company voluntarily continued ideation even after a project had formally ended.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

LG Establishes LG Awards Hall of Fame

LG Establishes LG Awards Hall of Fame

LG Establishes LG Awards Hall of Fame

LG Establishes LG Awards Hall of Fame

LG Establishes LG Awards Hall of Fame

LG Establishes LG Awards Hall of Fame

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MEXC Ventures Announces $300 Million Ecosystem Development Fund at Token2049 Event

2025-05-01 18:00 Last Updated At:18:15

VICTORIA, Seychelles, May 1, 2025 /PRNewswire/ -- MEXC Ventures, the investment arm of the global cryptocurrency exchange MEXC, has unveiled a $300 million Ecosystem Development Fund aimed at accelerating blockchain innovation and ecosystem growth over the next five years. The initiative was officially announced at Token2049 in Dubai on April 30, aligning with MEXC's 7th anniversary and reaffirming the company's evolution from a trading platform to a full-scale Web3 ecosystem builder.

The new fund marks a strategic pivot in MEXC's positioning — from a user-focused exchange to a foundational force in blockchain infrastructure. With this move, MEXC plans to foster long-term value across the entire crypto landscape by supporting early-stage technologies, public chains, wallets, and other decentralized tools that drive the future of Web3.

"We see this commitment as an opportunity to position MEXC well above its perceived place in the industry as an exchange service. We can and intend to offer much more through this investment, driving businesses and users to our ecosystem with a value offering built on best practices. Our ultimate vision is to transition from a trading venue to an ecosystem platform that will cater to all the needs of crypto industry participants in unique, innovative, and attractive ways," as Tracy Jin, COO of MEXC exchange, commented on the upcoming announcement.

The Ecosystem Development Fund foresees the establishment of an investment and cooperation linkage model that will connect the different businesses with the broader MEXC ecosystem to drive value. The trusted basis of MEXC as a leader in innovation will be used to expand and enhance the overall trading experience for users by offering support beyond capital. Cooperation between exchange business and investments will focus on the development of public chains, stablecoins, wallets, and media platforms as part of the MEXC ecosystem. Comprehensive selection criteria will be announced for projects interested in joining the new initiative.

The new development will allow projects to attract investments and attain visibility, thus advancing their integration across industry services. This will, in turn, give users access to new services, upping their overall experience and building trust. Greater integration and cooperation between businesses, projects and users will ultimately positively impact the industry as a whole, advancing innovation and promoting adoption across different markets and regions.

Existing initiatives within the MEXC ecosystem include Ethena, a leading innovator in the stablecoin space. MEXC has made a strategic investment of $16 million in Ethena and has also purchased $20 million worth of USDe, Ethena's synthetic dollar. In collaboration with Ethena, MEXC launched several joint campaigns that have gained significant traction in recent weeks, driving strong user engagement. ENA, Ethena's native token, has showcased up to $15 million in trading volume over the past 24-hour timeframe. Such results indicate strong support for the products on the part of users, as well as demand from a liquidity standpoint. MEXC had recently invested in Ethena and launched a number of joint campaigns focused on expanding the use of public chains, wallets, and media platforms.

MEXC is determined to elevate the positioning of the platform beyond its perceived status as a trading venue to its full potential as an industry ecosystem element. Such a transition is aimed at building greater value for users and making the crypto environment more attractive to both businesses and investments. MEXC invites all projects in the crypto space to join its latest initiative.

About MEXC Ventures

MEXC Ventures is a comprehensive fund MEXC dedicated to driving innovation in the cryptocurrency sector through investments in L1/L2 ecosystems, strategic investments, M&A, and incubation. Upholding the principle of "Empowering Growth Through Synergy," MEXC Ventures is committed to supporting innovative ideas and active builders.

MEXC Ventures is an investor and supporter of TON and Aptos, and looks forward to staying at the forefront of TON and Aptos innovations while actively engaging with builders to drive ecosystem growth.

For more information, visit: MEXC Ventures Website

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

MEXC Ventures Announces $300 Million Ecosystem Development Fund at Token2049 Event

MEXC Ventures Announces $300 Million Ecosystem Development Fund at Token2049 Event

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