Coasia (CEO Lee Hee-jun) announced on the 5th that it had received the "70 Million Dollar Export Tower" award at the 62nd Trade Day ceremony, hosted by the Ministry of Trade, Industry and Energy and organized by the Korea International Trade Association. The "Export Tower" award is given to companies that have contributed to overseas market development and export growth, based on export performance over a one-year period from July of the previous year to June of the current year.
Following its $10 million Export Tower award last year, Coasia won the $70 million Export Tower award this year, marking its second consecutive year of success. Its subsidiary, Coasia CM, won the $200 million Export Tower award in 2022.
Coasia is the headquarters of Coasia Group, a semiconductor and IT specialist, and conducts business through various affiliates, including Coasia Semi, a specialist in system semiconductor solutions, Coasia Nexel, a specialist in SoCs, Coasia CM, a specialist in optical lenses and camera modules, Itswell, an LED business division, and Coasia Electronics, an official partner of Samsung Electronics.
In particular, the expansion of Itswell's global competitiveness in the LED division is cited as a key factor in this export performance increase. Coasia CM also returned to profitability in the first quarter of 2025, demonstrating an upward trend across its affiliates.
A Coasia official stated, “Based on the trust and technological prowess we have built in the global market, we will continue to expand our global competitiveness.”
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