Younghae Engineering Ltd. Co. Wins the 2025 Fastest Export Growth Award from USKoreaHotlink

Gimhae, South Korea, February 7, 2025 – Younghae Engineering Ltd. Co., a leading manufacturer of air and gas receivers for large engines and cryogenic shipbuilding parts based in Gyeongnam, South Korea, has been named the recipient of the Fastest Export Growth Award by USKoreaHotlink, the largest consortium of Korean industrial product manufacturers. The award recognizes companies that demonstrate exceptional export growth and significant potential as global suppliers.

After joining the USKoreaHotlink Consortium in 2023, Younghae Engineering made its first export to the United States under its own brand. Within less than a year, with the support of the LPR Global team, the company achieved nearly USD $1 million in exports to four major U.S. clients, showcasing its commitment to meeting client requirements and establishing itself as a global supplier.

“Younghae Engineering was chosen for its proactive approach when working with U.S. clients. The company embraced new project challenges as opportunities to establish itself as a global supplier,” said Mikah Lee, CEO of LPR Global.  “Since first engaging with LPR Global through the consortium, sponsored by the Korean federal government, in 2023, Younghae Engineering has demonstrated these qualities, winning contracts worth over 1 billion Korean won (close to 1 million U.S. dollars) within a year.  Younghae Engineering’s success is particularly significant because it has been achieved with a diverse set of global clients, further solidifying its competitiveness across various industries. This diversity and commitment to excellence made Younghae Engineering the clear choice for this award. LPR Global will continue supporting the company to help them advance their market positioning as a leader in the metal fabrication market.”

Seungmun Jang, CTO of Younghae Engineering, expressed his gratitude:

“We are honored to receive this award from USKoreaHotlink. It has been an exciting journey working with the LPR Global team over the past year. Our growth would not have been possible without their support and extensive network.

With LPR Global’s solution-based approach, we learned that Younghae Engineering needed to transition from being a subcontractor producing parts based on client designs to a collaborative manufacturing partner. By using our manufacturing expertise to suggest design improvements, we could help enhance product quality for our clients. This commitment to quality improvement has left a strong impression on our clients.

We look forward to continuing our partnership with LPR Global and aim to triple our U.S. export volume by 2025.”

The Fastest Export Growth Award is an annual recognition for South Korean companies exporting industrial equipment and products to North America and Europe. The 2025 award winner was announced at a ceremony held in Changwon in January 2025.

Younghae Engineering is an active participant in the USKoreaHotlink Consortium Program, which promotes Korean industrial and machinery technology and fosters partnerships with global companies. Since its establishment in 2008, the USKoreaHotlink Consortium has successfully facilitated numerous global supply chain partnerships between global companies and South Korean manufacturers. The consortium currently includes over 370 Korean manufacturers.

About USKoreaHotlink.com – USKoreaHotlink.com, founded and operated by LPR Global since 2009, is the largest consortium of high-quality, custom manufacturers from South Korea.

About LPR Global, Inc. — LPR Global is a strategic consultancy headquartered in Toronto, ON with affiliated operations in the US and South Korea. Founded in 2001, LPR Global provides advisory and business development services to companies, government organizations and professional service firms conducting business between South Korean and Western markets.

Visit  https://www.uskoreahotlink.com 

Contact: Yuchen Cao 1-416-423-5590   [email protected]