LS Cable & System invests 155.5 billion KRW in subsea cable facilities

"Responding to Submarine Cable Demand"

LS Cable & System announced on the 10th that it will invest an additional approximately 155.5 billion KRW in its Donghae City plant in Gangwon Province to expand its submarine cable equipment infrastructure.

This measure is to smoothly respond to the rapidly increasing demand for submarine cables as large-scale offshore wind power projects are being actively launched in the global energy market.

A view of the LS Cable HVDC dedicated factory in Donghae-si, Gangwon-do.
[Photo by LS Cable]

An LS Cable & System official stated, "Trillion-won scale projects are being promoted in the global market due to carbon neutrality policies, etc.," adding, "Through additional investment, we plan to enhance our submarine cable production capabilities and respond to the rapidly growing market demand."

Following this 150 billion KRW investment, LS Cable & System plans to pursue subsequent investments as well. To secure a leading position in the global market, it is reviewing investment candidates not only in Korea but also in Southeast Asia.

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