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AEye Continues to Expand Global Footprint With Opening of Korea Office

Date Announced: 14 Sep 2021

Former Valeo Group Korea President and Hyundai-Kia Executive Sung-Ho Kim Named as AEye Korea Country Manager.

DUBLIN, Calif., September 14, 2021--(BUSINESS WIRE)--AEye, Inc. (NASDAQ: LIDR), the global leader in adaptive, high-performance LiDAR solutions, today announced the opening of its Korea office to support and grow AEye’s business in the automotive, mobility and industrial markets in East Asia. The company also announced the appointment of Sung-Ho Kim as country manager of AEye’s new office in Korea.

Sung-Ho Kim, a 33-year automotive and defense industry executive, most recently served as president of Valeo Korea. In that role, he oversaw $2 billion in revenue, five manufacturing plants, four R&D centers and more than 4,000 employees and drove OEM sales and business development, including LiDAR, camera and radar sales with customers including Hyundai-Kia Global, GM Korea, Renault Samsung Motors and Ssangyong Motors. Previous to Valeo, Kim served as Korea president of IEE Sensing, and held managerial positions at Varian Semiconductor and Samsung Motors (Renault), after beginning his career as an engineer with Agency for Defense Development, the Korean national agency for R&D in defense technology. Kim holds a Ph.D. in mechanical engineering from Northwestern University.

"It’s vital for us to have a strong presence in Korea, a major global driver of innovation and one of the leading manufacturing nations in the world," said Jordan Greene, co-founder and general manager at AEye. "This office opening reflects the explosive global interest we are seeing in AEye’s adaptive LiDAR system. We couldn’t be more pleased to have Sung-Ho Kim, a highly respected automotive and technology veteran, at the helm of our Korea initiatives, and we look forward to working closely with our partners, suppliers, customers and system integrators in the region on successful rollouts across automotive, mobility and industrial markets."

"I am excited to join AEye at this important transformation point and to help commercialize AEye’s cutting-edge technology across the automotive, industrial, and mobility markets," said Kim. "AEye’s LiDAR system is unique in its software-driven intelligence, and has shown world-class performance that scales for speed, safety and cost. I’m delighted to take the lead in bringing AEye’s game-changing technology to market in East Asia, and to build the team that can best support our partners and customers on-the-ground as they move toward productization and mass production of AEye LiDAR systems."

Source: AEye

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