Benzinga | Sep 14, 2021 01:33PM EDT

Aeye Opens Korea Office To Expand Global Footprint

* Aeye Inc (NASDAQ:LIDR) has announced the opening of its Korea office to expand its business in the automotive, mobility, and industrial markets in East Asia.

* The company appointed Sung-Ho Kim as the country manager of its new office in Korea.

* Sung-Ho Kim is an automotive and defense industry executive and has served as president of Valeo Korea.

* "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.

* Price Action: LIDR shares are trading lower by 2.00% at $7.86 on the last check Tuesday.