LS Mtron Developing Autonomous Tractor for Horse Industry Worksites with Korea Racing Authority

Executives and employees of LS Mtron and affiliates from the Korea Racing Authority taking a commemorative photograph after the autonomous tractor joint development agreement signing ceremony (Korea Racing Authority Jeju HQ Director Yoon-yeong Moon fifth from the left and LS Mtron Tractor Business HQ Director Sang-min Lee sixth from the left). Executives and employees of LS Mtron and affiliates from the Korea Racing Authority taking a commemorative photograph in front of an autonomous tractor (Korea Racing Authority Jeju HQ Director Yoon-yeong Moon fifth from the left and LS Mtron Tractor Business HQ Director Sang-min Lee sixth from the left). ■ LS Mtron recognized for its progress and technological capabilities in domestic commercialization of autonomous tractors, signs MOU with Korea Racing Authority ■ Agreement for mutual cooperation in further advancing autonomous tractor technology ofboth parties and jointly developing autonomous tractors optimized for horse industry ■ LS Mtron Tractor Business HQ Director Sang-min Lee states, “LS Mtron’s autonomous tractor can drive itself forward, rotate, and work without any supervision.It is leading the agricultural modernization of Korea.” He adds, “With the Korea Racing Authority, we will become an enterprise that not only develops an autonomous tractor specializing in the horse industry but also expands further into other domains including agricultural sites to provide customized solutions to customers.” LS Group’s industrial machinery and advanced parts manufacturer LS Mtron (CEO Jae-ho Shin) announced on August 28 that it had been recognized for its reputation as a leader in domestic autonomous tractor technology and signed an MOU with the Korea Racing Authority to implement and develop autonomous tractors for worksites in the horse industry. The event was held at the Korea Racing Authority Jeju Farm, and there were 15 attendees at the event including the Korea Racing Authority’s Jeju HQ Director Yoon-yeong Moon, Jeju Farm Director Jeong-jin Park, and LS Mtron Tractor Business HQ Director Sang-min Lee. Through this MOU, LS Mtron and the Korea Racing Authority have agreed to mutually cooperate in further advancing the autonomous tractor technology ofboth parties and jointly developing autonomous tractors optimized for the horse industry, and to form a consultative organization for mutual exchange and sharing of opinions and information related to autonomous tractors. LS Mtron is expected to play a leading role in the industry as it applies smart agriculture in the horse industry through its autonomous tractors. The Korea Racing Authority’s Jeju Farm, spread across an area of approximately 650,000 pyeong, will serve as a test bed for the development of autonomous tractors. Autonomous tractors will be developed to provide a complete set of autonomous pasture management functions including fertilization, stone removal, mowing, and sowing. The tractors are also being developed to work autonomously even on racetracks that require continuous management around the clock in the case of inclement weather conditions such as rainfall, cold snaps, and blizzards. At the event, LS Mtron Tractor Business HQ Director Sang-Min Lee stated, “LS Mtron’s autonomous tractor can drive itself forward, rotate, and work without any supervision.It is leading the agricultural modernization of Korea.” Headded, “With the Korea Racing Authority, we will become an enterprise that not only develops an autonomous tractor specializing in the horse industry but also further expand into other domains including agricultural sites to provide customized solutions to customers.”

LS Mtron Donates Fund for the Development of Advanced Digital Agricultural Technology and Academics to SNU at CALS

Executives and employees from LS Mtron and the involved parties from CALS at SNU take a group photo in front of the Donors’ Wall.(CALS at SNU Dean Jang Pan-Sik, 8th from the left; LS Mtron President Shin Chai-Ho, 9th from the left.) ■ LS Mtron was selected as a major donor by donating KRW 700 million to the College of Agriculture and Life Sciences at Seoul National University (CALS at SNU) to contribute to the future development of advanced digital agricultural technology and academics ■ To reinforce LS Mtron's self-driving tractor and digital research, the self-driving test site, driving route, and researchers’ office were moved to the site of CALS at SNU located in Suwon ■ President of LS Mtron Shin Chai-Ho said, “Our self-driving tractor can go straight, turn, and do work by itself, and is currently leading the advancement of agriculture in the Republic of Korea.” He added, “Together with Seoul National University, we strive to become a company that can implement data-based digital agriculture and provide solutions for customers by promoting the development of the platform for precision agriculture, including the self-driving tractor.” LS Mtron (President Shin Chai-Ho), a company under LS Group that specializes in industrial machinery and high-tech parts, announced on the 27th that it was selected as a major donor and participated in the signboard hanging ceremony called “Donors’ Wall” at CALS at SNU. In attendance were 28 people, including Dean of CALS at SNU Jang Pan-Sik, Research Department Manager Yang Tae-Jin, Planning and Strategy Business Unit Head Ryu Young-Ryeol, President of LS Mtron Shin Chai-Ho, and Business Unit Head Lee Sang-Min. The “Donors' Wall” is a space created to commemorate people and companies that made donation development funds to CALS at SNU, and is used to express gratitude for donors by placing donor nameplates on the second-floor lobby wall of CALS.LS Mtron donated KRW 700 million to CALS at SNU to contribute to the future development of advanced digital agricultural technology and academics.The event was emceed by Planning and Strategy Business Unit Head Ryu Young-Ryeol, and continued with a greeting from Dean of CALS at SNU Jang Pan-Sik, a speech from LS Mtron President Shin Chai-Ho, a ceremony for putting the nameplate on the wall, and receipt of a plaque and a gift, before finishing with a commemorative photo. LS Mtron signed an MOU with SNU in September 2022 for the development of smart agriculture and self-driving agricultural machinery. On July 14, 2023, to strengthen research on digital agricultural tractors, the test site and researchers' office of the Bongdam Research Center were moved to the site and office of CALS at SNU, located in Suwon.Recently, LS Mtron and SNU also launched a mid- to long-term joint project to develop a data-based digital agricultural production system. At this event, LS Mtron President Shin Chai-Ho said, “LS Mtron’s self-driving tractors can go straight, turn, and even work on their own, and are leading the advancement of agriculture in the Republic of Korea. We will promote the development of precise agriculture business, including self-working tractors, together with Seoul National University in order to build data-based digital agriculture and become a company that provides solutions to customers.”

LS Mtron Holds Completion Ceremony for New Plant for Tractor and Agricultural Machinery Manufacturer Land Solutions

LS Mtron held a ceremony to celebrate the construction of a new plant for Land Solutions, a tractor and agricultural machinery manufacturer.(Yoo Jae-Yeol, head of Gimje Free TradeZone Office under the Ministry of Trade, Industry and Energy in the 3rd place from the right, Lee Won-Taeg, member of the National Assembly in the 4th, Shin Chai-Ho, CEO of LS Mtron, in the 5th, SeonGwang-Ju, CEO of Land Solutions, in the 6th, Jeong Seong-Ju, mayor of Gimje in the 7th, and Gimje CityCouncil ChairmanKim Young-ja in the 8th) ■ Equipped with an annual production capacity of 20,000 agricultural machines and implements on a site of 15,550 pyeong in the Gimje Free Trade Zone ■ Scheduled to mass-produce loaders, backhoes, and mowers sequentially from August and export all of them to North America ■ CEO Shin Chai-Ho: “The completion of the new plant for Land Solutions is the first step in the 'LS Partnership' to create greater value together... LS Mtron will take another step forward as a global total agricultural solution provider by producing not only tractors, their engines and parts, but also agricultural machinery.” LS Mtron (CEO SHIN Chai-Ho), a company under LS Group specializing in industrial machinery and high-tech parts, announced on the 27th that it had held a completion ceremony for the new plant for Land Solutions, a tractor and agricultural machinery manufacturer, in Gimje in the presence of 200 people including Jeong Seong-Ju, mayor of Gimje, Lee Won-Taeg, member of the National Assembly, Gimje CityCouncil ChairmanKim Young-ja, Yoo Jae-Yeol, head of the Gimje Free TradeZone Office under the Ministry of Trade, Industry and Energy, SeonGwang-Ju, CEO of Land Solutions, and Shin Chai-Ho, CEO of LS Mtron. LAND SOLUTIONS was established in June 2022 under a joint venture contract between LS Mtron and domestic agricultural machinery manufacturer Woongjin Machinery to produce tractors and agricultural machinery. The name contains the meaning of proposing all kinds of agricultural solutions to customers.It boasts the first continuous eco-friendly chemical painting facilities to meet global quality levels and an annual production capacity of 20,000 agricultural machines on a site of 15,550 pyeong in the Gimje Free Trade Zone. It will produce front loaders, backhoes, and mid-mowers, and the goal is sequential mass production of these products starting in August.The agricultural machines, which attach to small tractors with a range of 20 to 40 hp, are women-friendly products that are easy even for women to use, and they can be used in various ways for home landscaping and farm management.All the products produced by Land Solutions will be exported to North America, the main market of LS Mtron.With the completion of Land Solutions, LS Mtron has laid an important cornerstone for the growth of its tractor business as it can expand sales of the main bodies of tractors while also improving its ability to supply agricultural machinery. At the event, LS Mtron CEO Shin Chai-Ho said, "The completion of the new plant for Land Solutions is the first step in the 'LS Partnership' to creates greater value together." He added, “Even in the future, Woongjin Machinery and LS Mtron will strengthen our strategic partnership for mutual growth, and LS Mtron will take another step forward as a global total agricultural solution provider by producing not only tractors, their engines and parts, but also agricultural machinery.”

LS Mtron Ushers in an Era of Self-cultivation by Tractors

The self-driving tractor LA SmarTrek is working the farmland on its own without a driver. ■ LS Mtron's self-driving tractors now available to regular customers ■ Self-driving tractors can go straight, turn, and do the work on their own ■ Recognized as innovative technology that solves the problem of labor shortage and aging in rural areas ■ CEO SHIN Chai-Ho said, “LS Mtron will continue to lead the advancement of agriculture in Korea with our self-driving tractors, and we will strive to provide solutions as well as products to customers in line with the changing times.” LS Mtron (CEO SHIN Chai-Ho), a company specializing in LS Group‘s industrial machinery and high-tech parts, announced on the 8th that it has begun mass-producing their self-driving tractor “LS SmarTrek” and plan to sell it to regular customers. LS SmarTrek is a tractor that can work farmland on its own without the need for direct operation. With this tractor, LS Mtron is leading the advancement of Korean agriculture by finding solutions to problems of labor shortages and aging in rural areas. In recognition of these achievements, LS SmarTrek was designated in 2022 as an innovative product by the Public Procurement Service for the first time ever in the industry. It was supplied to related organizations such as Nonghyup, as well as public institutions such as research institutes, through the innovation market, and received positive reviews. With this reliability and trust backing it up, LS Mtron mass-produced their self-driving tractor LS SmarTrek, and began selling it to regular customers. The LS SmarTrek is equipped with two ultra-precision positioning information systems, Real Time Kinematic (RTK)* and Global Navigation Satellite System (GNSS)*, offering high precision with a positioning accuracy of 1 to 2 cm in a stationary state, as well as a maximum error of only 7 cm during operation. For the first time in South Korea, the technology to electronically control the engine, transmission system, electro-hydraulic system, power take off (PTO), steering system, as well as a K-turn path generation algorithm suitable for Korean agriculture, were added to an agriculutral product. Compared to other companies, the LS SmarTrek stability in both moving in straight lines and turning. Additionally, LS SmarTrek can save various work routes in fields and rice paddies through the “Save route” function so that the same route can be easily done again during the next time it‘s used. LS SmarTrek is an innovative technology that can solve current agricultural problems, such as musculoskeletal disorders caused by repetitive farm work and labor shortage in rural areas. The product carries out the work itself, meaning the user doesn‘t even need to keep their hands on the wheel and can leisurely listen to music while work progresses. This leads to a reduction in tractor operation difficulty and an increase in productivity due to precise work, enabling efficient agricultural management operation. In a farm field test (based on soybean farming), it was found that cultivation time was reduced by 17% compared to manual work, with a yield increase of 8%. With its push to sell the LA SmarTrek to regular customers, LS Mtron plans to upgrade the working environment in rural areas of Korea to the next level by creating a manual video on work settings, as well as offering instructions on how to use the product. These should help customers who are new to technology easily adapt. LS SmarTrek is available at LS Mtron agencies nationwide, and inquiries can be made via the call center (1666-5482) and domestic sales headquarters (063-279-5963). “LS Mtron will continue to lead the advancement of agriculture in Korea with its self-driving tractors,” said SHIN Chai-Ho, CEO of LS Mtron. “We will continuously make efforts to provide not only agricultural machinery products, but also solutions to customers in an ever-changing era.” [Glossary] * Real Time Kinematic (RTK): High-precision positioning technology used to improve the measurement accuracy of the GPS. It provides accurate location information in real time by correcting the distance measurement error between the base station and the rover. * Global Navigation Satellite System (GNSS): A system that provides information on location, speed, altitude, etc. by using artificial satellites. * Power Take Off (PTO): A device that transfers the power generated from the engine to auxiliary equipment or external devices separately installed on the tractor.

LS Mtron Holds 2023 General Meeting of Tractor Agencies

■ Emphasis on customer data utilization services and innovative sales activities ■ Resolution to achieve goals after sharing business policy directions Starting from the 15th, LS Mtron held the “2023 General Meeting of Tractor Agencies” at Lahan Hotel in Jeonju for two days. It was attended by around 200 people, including the representatives of more than 120 agencies nationwide, next-generation leaders, and employees of LS Mtron. This was the first time the executives and employees of LS Mtron and the representatives of its agencies could meet each other over the past three years. Thanks to COVID-19, all online meetings had been held online. At the general meeting, the company and agencies shared their business policy directions and ideas for 2023 with excitement. The general meeting consisted of various programs, all with the theme of “using data to grow one step closer to customers.” On the first day, after starting with a tour of Jeonju Hanok Village, there were policy briefings and excellent agencies and next-generation leader awards, followed by various events and dinners. In the “LS Tractor Awards”, in which 10 outstanding agencies that contributed to the growth of LS Mtran last year were selected, Cho Byeong-Woon, the CEO of Seosan-Taean Agency in Chuncheongnam-do, won the grand prize. On the second day, demonstrations and hands-on experiences were prepared to check all LS Mtron tractor models and review their features. This was an opportunity to test-drive the models, directly experience the excellent handling and stable driving performance of the 2.5-step LS self-driving tractor LS SmarTrek, which has been designated as the only innovative product in Korea, and to check its performance. Praising the hard work of the general meeting during his welcome speech, LS Mtron CEO Chai-ho Shin said, “Achieving the highest sales ever in 2022 and taking on challenges to open up the future were possible thanks to the passion and efforts of the representatives of our agencies and our employees.” He added, “Let's create a 2023 that will take us one step closer to customers through understanding customer needs, preemptive sales activities, and customized services.”

LS Mtron Concludes Tractor Supplier Agreement Worth KRW 500 Billion (28,500 Units) with CNH Industrial

■ To supply multi-purpose tractors for hobby farming and other purposes in North America and Europe that offers user convenience, sustainable quality, and the eco-friendly ‘Stage 5’ engine ■ Secured a stable supply with quality certified through 14-year partnership with the world’s No. 2 agricultural machine manufacturer, CNH Industrial ■ President Chai-ho Shin stated, “LS Mtron will focus on enhancing mid/long-term growth momentum in the future by securing a stable workload and further accelerate growing sales across North America, Europe, South America, and the rest of the global market” On December 5, LS Mtron (CEO Chai-ho Shin), the industrial machinery and advanced parts manufacturer of LS Group, revealed that the company has concluded a tractor supplier agreement worth approximately KRW 500 billion (28,500 units) targeting the North American and European markets with CNH Industrial, the world’s no. 2 agricultural machine manufacturer, running between 2023 until 2025. The tractor supplied through this agreement is a multi-purpose product mainly sold to hobby farmers or companies operating garden landscaping businesses in North America and Europe, and it offers user convenience, sustainable quality, and the eco-friendly ‘Stage 5’ engine. LS Mtron has been the OEM supplier of compact tractors with less than 60 HP for CNH Industrial since 2009, beginning with the Australian and Southeast Asian markets, and the company has been expanding its cooperative relationships with a focus on growing sales in markets for developed countries such as North America and Europe. The company’s total sales were expected to surpass KRW 1.2 trillion (approx. 88,000 units sold) by the end of 2022. Aside from supplying small and medium tractors in the global market, LS Mtron has also been importing and selling large tractors above 110 HP from CNH Industrial to continue growing its cooperative relationship with the company, and the two currently have a strategic relationship with CNH Industrial. Through this agreement, LS Mtron has secured a stable workload in the mid-term, despite concerns of economic recession and market uncertainty following changes in the global environment. The market targeted for this agreement is North America, which is one of the largest agricultural machine markets in the world, and the demand for small tractors, a specialty of LS Mtron, has increased significantly, especially since the COVID-19 pandemic. Sales of LS Mtron tractors have also been increasing rapidly in Europe, which is a market with leading agricultural machine technology. LS Mtron expects such trends to help significantly in lowering its high export concentration in the North American market and importing advanced futuristic agricultural machine technology into Korea. CNH Industrial is a global manufacturer in the field of agriculture and construction based in Italy, and its agricultural machine division has achieved annual sales of USD 14.7 billion (as of 2021). Recently, the company has acquired full control (USD 2.1 billion) of Raven Industries in North America, a manufacturer of key components related to precision agriculture, in an effort to transform itself into a leading enterprise in agricultural technology in the future. The CEO of LS Mtron stated, “This agreement is more than a means to simply secure sales. It is the result of our quality being acknowledged by the world’s no. 2 agricultural machine manufacturer, CNH Industrial, through our partnership for past 14 years and our focus on strategic communication with global customers,” and added, “LS Mtron will focus on enhancing mid/long-term growth momentum in the future by securing a stable workload and further accelerate growing sales across North America, Europe, South America, and the rest of the global market.”

LS Mtron enters into joint venture agreement for tractor implements with WOONGJIN Machinery

LS Mtron Head of Tractor Business Kang Seok-ho (right) and CEO Sun Gwang-ju of WOONGJIN Machinery (left), a Korean tractor implement maker, pose for a photo after signing the joint venture agreement to produce tractor implements at the LS Mtron Jeonju Plant. ■ Korea’s leading tractor maker and implement maker signed a joint venture agreement to produce tractor implements ■ Plans to establish an implement plant in Gimje Free Trade Zone with an annual production capacity of 20,000 units ■ LS Mtron Head of Tractor Business Kang Seok-ho, “We will advance to a total agricultural solution provider through cooperation with this implement maker.” LS Mtron (CEO: Shin Chai-ho), a subsidiary of LS Group and a company which specializes in industrial machinery and high-tech parts manufacturing, announced on the 9th that it had signed a joint venture agreement with WOONGJIN Machinery (CEO: Sun Gwang-ju), a Korean manufacturer of agricultural machinery, to produce tractor implements at its Jeonju Plant. The name of the joint venture to be established through this agreement is “LAND SOLUTIONS,” which implies that it will function as a total agricultural solution provider. LAND SOLUTIONS will embark on the process of concluding investment agreements with Jeollabuk-do Province and Gimje City as well as the Gimje Free Trade Zone Office of the Ministry of Trade, Industry and Energy. LAND SOLUTIONS will establish an implement manufacturing plant with an annual production capacity of 20,000 units on a site measuring approximately 51,000 m2 in Gimje Free Trade Zone. With production items including loaders and backhoes, the plant is scheduled to start mass production in the first quarter of 2023. LAND SOLUTIONS’ key products will not only be distributed in Korea, but also exported to North America, LS Mtron’s strategic market. With this agreement, LS Mtron has secured an important foundation for the growth of its tractor business, as the company will be able to improve its implement supply capacity in addition to expanding its tractor sales. WOONGJIN Machinery will also achieve stable business growth and establish a supply system based on the expertise it has built in implement manufacturing and production technologies. “Through this agreement, we secured a new strategic business model that will achieve joint growth for both the tractor maker and the implement maker,” said LS Mtron Head of Tractor Business Kang Seok-ho. He added, “LS Mtron will advance to a global total agricultural solution provider.”

LS Mtron’s autonomous tractor was designated as the Public Procurement Service innovative product for the first time in the industry

■ Recognized for its publicity and innovativeness as a new technology to solve rural labor problems ■ It is highly likely to be introduced to government smart farming-related projects in the future. ■ “Designation as an innovative product is a very meaningful event in which the innovativeness and social value of LS Mtron’s autonomous tractor technology were recognized,” said Seok-ho Kang, head of Tractor Business Division. “We will lead innovation of agricultural machinery.” LS Mtron (CEO Jae-ho Shin), an LS Group company specializing in industrial machinery and high-tech parts, announced on January 24 that its autonomous tractor ‘LS SmartTrek’ was designated as the Public Procurement Service innovative product for the first time in the industry. ‘LS SmartTrek’, which was designated as an innovative product, is equipped with the highest level of cutting-edge technology in Korea. As it comes with the high-precision location information systems, i.e. RTK1) (Real Time Kinematic) and GNSS2) (Global Navigation Satellite System), the positioning accuracy is within 2cm in the stationary state, and the maximum error is only 7cm during operation. It has excellent performance even in straight-line precision during hilling, ridge forming and vinyl mulching. The technology for electronically controlling the engine, transmission, electro-hydraulic system, PTO3) and steering system and the K-Turn4) path generation algorithm suitable for Korean agriculture were applied for the first time in Korea. ‘LS SmartTrek’ is regarded as an innovative technology to solve the problems of musculoskeletal disorders in farmers due to repetitive agricultural work and the shortage of workers in rural areas. It enables efficient agricultural management and operation by reducing the difficulty of tractor operation and increasing productivity. A field test at the farm (soybean farm) showed a 17% reduction in tillage time and an 8% increase in yield compared to manual operation. As an innovative product, ‘LS SmartTrek’ is highly likely to be introduced to the affiliated organizations of the Rural Development Administration and smart farming-related government projects in the future. The Innovative Product Designation System is a system in which the government designates excellent R&D results and new technology certified products to promote technological innovation and innovative growth by supporting the entry of innovative products into the public procurement market. Each ministry examines publicity, social value, innovativeness, marketability, etc., and the Procurement Policy Review Committee decides to designate innovative products. If a product is designated as an innovative product, it is registered in the Innovation Marketplace, and public institutions can purchase the product. It can also participate in the trial purchase program of the Public Procurement Service. “Designation as an innovative product is a very meaningful event in which the innovativeness and social value of LS Mtron’s autonomous tractor technology were recognized,” said Seok-ho Kang, head of Tractor Business Division. “We will expand the field of technology development and lead agricultural machinery innovation through synergies with individual ministries in the public domain.” [Terminology] 1) Technology to improve the accuracy of GNSS position measurement (reduce positioning error values) 2) Satellite navigation system: A system that provides information on the location, altitude, speed, etc. of ground objects using satellites (GPS is a satellite system used in the United States, and GNSS is a global satellite navigation system) 3) It is short for Power Take Out. It is a device provided in the transmission to supply the power generated from the engine to ancillary equipment installed in the vehicle. 4) Technology that moves to the next work path in a narrow farmland by automatically moving backwards and forwards in a K-shape [Description of the photograph] ‘LS SmartTrek,’ LS Mtron’s autonomous tractor designated as an innovative product

First-half sales of LS Mtron reach KRW 526.2 billion (up 37.4 YoY), with operating profit of KRW 20.8 billion (turnaround)

■ The tractor segment is growing as the North American market is continuously expanding, and a premium tractor was launched ■ Due to strong sales of premium injection molding machines, sales in the North American market doubled ■ An LS Mtron official said, “Until now, we have focused on building the foundation for future growth, e.g., tractors, injection molding machines and electronic parts, and now we will transform LS Mtron into a company that continues to grow by combining big data and AI technology with the traditional manufacturing sector, strengthening our digital capabilities and thus providing differentiated values for our customers” LS Mtron, a member of LS Group specializing in industrial machinery and high-tech parts, announced on August 18 that the company recorded KRW 526.2 billion in sales and KRW 20.8 billion in operating profit in the first half. Its sales went up by 37.4% YoY, and its operating profit grew from a deficit to a surplus. This year will be the first year that marks the start of solid growth. The upward trend of LS Mtron’s tractor business is noteworthy. By providing enhanced quality and service in North America, the world's largest and most competitive market, its sales surged by more than 30% YoY. As a result of increased demand for small tractors for home use by hobby farmers, LS Mtron has already secured an order backlog of more than 10,000 units in North America alone. The company is planning to operate the factory at full capacity by the first half of next year. In the domestic market, it has secured collaboration efficiency between the head office and 120 regional agencies through a sales cloud, and built a data-centric sales management system. It has launched the XP-AUTO MODE tractor and the T5/T6-DCT tractor, which are large premium products equipped with new functions and improved work convenience, and they are getting a warm response from the market to the extent that advance reservations are underway. LS Mtron is also in the midst of modernizing Korea's agriculture with the autonomous tractor LS SmarTrek and the remote management service iTractor, which will become key growth axes in the near future. As for the injection molding machine, another flagship product of LS Mtron, the company launched the premium hydraulic model the ONE*. It has been recognized for its quality and performance, which are on a par with not only domestic products, but also those of advanced companies in the global market. In particular, in the North American market, it accomplished the splendid feat of doubling sales compared to the previous year. LS Mtron is planning to launch the electric model the ONE-E in the second half of this year, and it is expected that there will be great results in the electric injection molding machine market, which is led by Japanese companies. In addition, as LS Mtron's product power has been recognized by major global makers in the electronic parts business, its sales to major customers are continuously expanding. An LS Mtron official said, “Until now, we have focused on building the foundation for future growth, e.g., tractors, injection molding machines and electronic parts, and now we will transform LS Mtron into a company that continues to grow by combining big data and AI technology with the traditional manufacturing sector, strengthening our digital capabilities and thus providing differentiated values for our customers.”

2020 LS Tractor Photo Contest in Korea

2020 LS Tractor Photo Contest in Korea LS Tractor runs its 6th Photo & UCC Contest in Korea. The contests made some beautiful tractor photo pieces and a lot of photographers excited for its big prize money. This tractor contest is becoming the biggest photo contest in Korea because of its grand first prize money which is about USD 3,000. The subjest of this competition is 'Country dreamt by youth, youth dreaming LS tractor' The 6th contest started on 1st of October 2019 and it will go until 31th of March this year. [Many cabbages / Shin Gyuho] The tractor is a strong partner to help with difficult farming. [My love to you / Noh Sanggwon] The atmosphere provided by the young couple and the three children is lovely and the expression is natural. [Stretch / Song Hyeonjun] The life with the tractor was expressed with the bright expression of a young man. The meaning of this photo contest is to show the country to youth by the photo. I hope this will be a chance for young people to reflect on the beauty of the countryside once again through the photos. LS tractor is excited to receive some good photos and also thankful for those efforts the photographers make to get good photos.