LS

■ Has supplied track shoes to Ministry of National Defense for 50 years, since launch of the military track shoe business in 1974
■ Looking back on its history over past 50 years, company pledges to become leader in global defense market
■ CEO Shin Chai-ho: “Marking its 50th anniversary, LS Mtron’s track shoe business division will focus on developing products optimized for future main battle tanks and lead the global market”

LS Mtron (CEO Shin Chai-ho), LS Group's specialized manufacturer of industrial machinery and advanced components, announced on the 27th that it had held a ceremony to celebrate the 50th anniversary of its track shoe business at the Jeonju Plant located in Wanju-gun, Jeollabuk-do, on the 26th.
Executives and employees who attended the event, including CEO Shin Chai-ho and Director of the Special Business Division Choi Young-cheol, shared achievements of the past 50 years and the company’s future direction, and expressed their determination to become a leader in the global defense industry.

A display board with congratulatory messages from executives and employees and photos showing the history of the company's track shoe business was set up at the event venue. In the 50th anniversary commemorative video that was shown, employees and Director Choi Young-cheol of the Special Business Division recalled proud memories and expressed their hopes for the development of the business. 

“Our track shoe business has achieved remarkable growth over the past 50 years by prioritizing trust and innovation,” said CEO Shin Chai-ho in his commemorative speech. “As the status of the K-defense industry rises, we will lead the global market by strengthening our production capabilities and focusing on developing products optimized for future combat vehicles.”

LS Mtron has supplied all of its track shoes for main battle tanks, armored personnel carriers, and self-propelled howitzers to the Ministry of National Defense for 50 years, since starting its military track shoe business in 1974. The company began developing Korean-style track shoes in the mid-1980s, and successfully developed the K9 self-propelled howitzer track shoe, Korea's first independently designed track shoe, in 1998. Since the development of the K2 main battle tank track shoe in 2008, LS Mtron has further grown its business and achieved great results in the track shoe technology export sector, winning the Minister of National Defense Award as an excellent defense industry exporter in 2013. 

Along with recent export contracts for Korean weapons systems to European countries such as Poland, LS Mtron's track shoe business is also showing growth. LS Mtron is the only company in the world with independent design and development capabilities for Korean-type, American-type, and Russian-type military track shoes. Building on these capabilities, the company is able to produce country-specific customized track shoes and exports its products to over 40 countries. The company showcased its technological prowess at Eurosatory 2024, the world's largest defense exhibition, in June, and plans to use this as an opportunity to accelerate its entry into the global defense market.