KOREA WHO
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Chairman of KET
Lee Chang-won
Former Journalist Turned Founder, Nearing 90, Achieves KRW 1 Trillion in Sales with Auto Parts
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Last Updated on Sep 10, 2024
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Chairman of KET
Life Summary
Lee Chang-won is the Chairman and Co-CEO of Korea Electric Terminal (KET), leading the company alongside his son, President Lee Won-joon.
He was born in Seoul on August 23, 1936.
Lee graduated from Seoul High School and earned a degree in Law from Seoul National University.
From 1961 to 1972, he worked as a journalist for Kyunghyang Shinmun and JoongAng Ilbo.
In 1973, he founded Korea Electric Terminal. After serving as CEO, he became Chairman in 2012. He also serves as Honorary Chairman of the Korea Connector Technology Industry Association and Director of the Korea Electronics Industries Cooperative Association.
Korea Electric Terminal supplies automotive connectors and electronic modules to Hyundai Motor and Kia Motors, commanding over 50% of the market share in the domestic automotive connector parts market.
Driven by the growth of the electric vehicle market, KET reached KRW 1 trillion (US$ 721.2 million) in revenue in 2022. Recently, the company has seen rapid sales growth in the U.S., securing large-scale orders for its Inter-Connect Board (ICB) products from North American automakers and battery manufacturers.
#LeeChangwon #KET #KoreaElectricTerminal #AutomotiveConnectors #ElectricVehicles #Hyundai #Kia #USMarket #ICB #EVGrowth #ConnectorIndustry
He was born in Seoul on August 23, 1936.
Lee graduated from Seoul High School and earned a degree in Law from Seoul National University.
From 1961 to 1972, he worked as a journalist for Kyunghyang Shinmun and JoongAng Ilbo.
In 1973, he founded Korea Electric Terminal. After serving as CEO, he became Chairman in 2012. He also serves as Honorary Chairman of the Korea Connector Technology Industry Association and Director of the Korea Electronics Industries Cooperative Association.
Korea Electric Terminal supplies automotive connectors and electronic modules to Hyundai Motor and Kia Motors, commanding over 50% of the market share in the domestic automotive connector parts market.
Driven by the growth of the electric vehicle market, KET reached KRW 1 trillion (US$ 721.2 million) in revenue in 2022. Recently, the company has seen rapid sales growth in the U.S., securing large-scale orders for its Inter-Connect Board (ICB) products from North American automakers and battery manufacturers.
#LeeChangwon #KET #KoreaElectricTerminal #AutomotiveConnectors #ElectricVehicles #Hyundai #Kia #USMarket #ICB #EVGrowth #ConnectorIndustry