Sangbo Sim Appointed as CFO of ZKW Group: A New Era Begins

Sangbo Sim Joins ZKW Group as New CFO

As of January 1, 2026, Sangbo Sim has assumed the position of Chief Financial Officer (CFO) at ZKW Group GmbH. This appointment marks a significant milestone for the company, bringing in an internationally seasoned financial specialist well-versed in optimizing business operations and investor relations. Sim takes over the role from Sangwook Woo, who is departing for new opportunities after successfully navigating the company through three challenging years in Austria.

Career Overview of Sangbo Sim

Sangbo Sim, 57, brings a wealth of experience from his tenure at LG Electronics, where he has served in various pivotal finance roles since 2001. His vast expertise encompasses business improvement and investor relations, showcasing his ability to enhance corporate efficiency. Notably, Sim previously held positions such as CFO of LG Deutschland GmbH and CFO of LG Nordic AB, demonstrating his leadership across different markets.

Sim's academic credentials bolster his professional achievements. He earned a Bachelor of Business Administration from Korea University and a Master of Science from Stanford Graduate School of Business, equipping him with the necessary skills to lead ZKW Group into a prosperous future. During his time at LG, he oversaw financial planning for the Smart Life Solutions sector, aligning it with the company’s aspirations for growth in the realms of IoT, robotics, and smart devices. His exceptional contributions were acknowledged when he received the highest award from LG's Innovation School.

Transitioning Leadership at ZKW Group

ZKW Group's CEO, Won Yong Hwang, expressed confidence in Sangbo Sim's leadership potential: "Sangbo Sim is a proven financial expert and will further secure the competitiveness and future of the ZKW Group." As the new CFO, Sim is expected to leverage his financial acumen to enhance ZKW's strategic objectives and sustain its competitive edge in the automotive industry.

Hwang also commended Sangwook Woo's contributions, stating, "We are deeply grateful to Sangwook Woo. He has successfully developed ZKW over three years in very challenging times." Woo's departure represents a transition period for the company, known for its innovative lighting solutions and electronic systems used by leading automotive manufacturers worldwide.

About ZKW Group

ZKW Group is renowned for specializing in cutting-edge premium lighting systems and electronics tailored for the automotive sector. A subsidiary of LG Electronics since 2018, ZKW prides itself on being a global partner to the automotive industry, underlining its commitment to high-quality products which improve vehicle safety, efficiency, and aesthetics.

Operating with the motto "Bright Minds, Bright Lights," the company leverages advanced production technologies to develop sophisticated lighting and electronic modules. ZKW's product lineup includes full LED systems and various lamps that meet the needs of major automotive brands like BMW, Mercedes-Benz, Ford, Volvo, and Hyundai, among others.

In 2024, ZKW boasted approximately 10,000 employees across 12 locations worldwide, generating sales upwards of 1.55 billion euros. With a clear corporate vision aimed at delivering innovative systems for diverse mobility solutions, ZKW is at the forefront of the automotive lighting industry. The firm is committed to producing top-quality, cutting-edge technological products while striving for advancements in holistic lighting systems.

As Sangbo Sim takes the helm, ZKW Group looks poised to embrace new challenges and opportunities, further solidifying its place in the automotive lighting landscape. With a strategic focus on innovation, ZKW is set to enhance its portfolio, ensuring customer satisfaction and safety through next-generation lighting solutions.