LS Chairman Koo Ja-eun's First On-site Management... Attends 'Submarine Cable Laying Ship Launch Ceremony'

LS Cable & System Holds Launch Ceremony for Submarine Cable Laying Vessel ‘GL2030’ at Donghae Port, Gangwon-do on the 21st

On the 21st, at the 'GL2030 Launch Ceremony' held by LS Cable & System in Donghae City, Gangwon Province, key guests including Koo Ja-eun, Chairman of LS Group (seventh from the left), and Koo Bon-gyu, CEO of LS Cable & System (eighth), are participating in the commemorative ceremony.

[Asia Economy Reporter Park Sun-mi] Koo Ja-eun, Chairman of LS Group, visited Donghae Port in Gangwon Province, where the LS Cable submarine cable factory is located, as his first on-site management activity since taking office.

On the 21st, LS Group announced that Chairman Koo attended the launching ceremony of the submarine power cable laying vessel ‘GL2030’ hosted by LS Cable, expressed gratitude and gave a commemorative speech to the guests including officials from Donghae City, and encouraged employees who contributed to shipbuilding and other efforts.

GL2030 is a dedicated laying vessel for submarine cables. It is equipped with a system that precisely adjusts and controls the position of the ship. This enhances accuracy during cable laying and allows stable operation of the vessel despite climate changes such as wind and high waves. GL2030 will be deployed next month for about a month to connect approximately 7 km between Hwawon-myeon, Haenam-gun, Jeollanam-do, and Anjwa-do, Sinan-gun, with submarine cables. This is for grid connection to transmit the generated power from offshore wind farms in the southwestern sea to the land.

LS Cable built GL2030 to proactively prepare for the rapidly growing domestic and international offshore wind power business every year and to secure a total solution including not only existing submarine cable production but also specialized submarine construction capabilities.

In his commemorative speech, Chairman Koo said, “LS aims to raise the anchor of a great voyage extending globally as a global energy solution company,” adding, “We will continue to contribute to renewable energy transmission and efficient energy network construction, thereby elevating national competitiveness to a new level and proudly playing a role in solving global environmental issues.” About 100 key stakeholders attended the launching ceremony, including Chairman Koo, LS CEO Myung Noh-hyun, LS Cable CEO Koo Bon-gyu, Donghae City Vice Mayor Kim Sang-young, Donghae City Council Chairman Kim Ki-ha, Korea Electrical Safety Corporation President Park Ji-hyun, Korea Electric Power Corporation New Transmission Project Director Hwang In-mok, and Korea Development Bank Vice President Ahn Young-gyu.

Over the past three years, LS Cable has secured submarine cable supply contracts worth a total of 800 billion KRW for offshore wind power in Asia, and earlier this year signed a supply contract worth 350 billion KRW in North America, achieving significant results in large-scale overseas orders. An LS Cable official explained, “There have been many difficulties in scheduling while renting laying vessels overseas,” adding, “Operating the laying vessel directly will not only shorten the construction period but also accumulate construction know-how and strengthen expertise.”

This content was produced with the assistance of AI translation services.