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L&F Selected as '2026 World-Class Achievement Excellence Company' - Honored with Minister's Commendation from Ministry of Industry
Sales Growth of 777%·Employment Growth of 1,019% Recognized…LFP Mass Production Accelerates from Q3
L&F, a specialist company in secondary battery cathode materials, has been selected as a '2026 World-Class Achievement Excellence Company' and received a commendation from the Minister of the Ministry of Industry, Trade and Energy. The company's high growth across all sectors—sales, exports, and employment—over more than a decade since joining World-Class 300 in 2014 has been cited as the reason for the award.
L&F announced on the 2nd that it received the Minister's commendation at an event held on the 28th at The Plaza Hotel in Jung-gu, Seoul, organized by the Korea Institute of Industrial Technology Advancement (KIAT).
This commendation was awarded to companies classified as "exceeding requirements for graduation" among approximately 380 companies participating in World-Class 300, meaning they exceeded 1 trillion won in sales for two consecutive years within the past three years. Seven companies, including L&F, were selected as achievement excellence companies.
World-Class 300 is a mid-sized and small-to-medium enterprise nurturing project introduced by the Ministry of Industry in 2011, and has been operated as a successor project, World-Class Plus, jointly with KIAT since 2021.
L&F's sales increased 777% from 245.7 billion won in 2014 to 2.1549 trillion won in 2025.
Exports increased 786.5% during the same period from 242.2 billion won to 2.147 trillion won, and the number of employees expanded 1,018.6% from 172 to 1,924.
Jo Jeong-hoon, Head of Management at L&F, stated, "This commendation is an external recognition of our employees' technological development efforts, customer-focused global business expansion, and continuous investment results. We will continue to strengthen our high-nickel cathode material competitiveness while accelerating our LFP business to advance as a key partner in the global battery materials market."
L&F announced that it has established L&F Plus, a 100% subsidiary dedicated to LFP cathode material production and sales, and will commence full-scale mass production of LFP cathode materials at an annual capacity of 30,000 tons beginning in the third quarter of this year.
The company plans to diversify its portfolio by adding an LFP line to its existing high-nickel NCM cathode material-focused business base, and strengthen its medium to long-term growth foundation.
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