[Special Stock] LS Marine Solution Rises on News of Entry into Taiwan Submarine Cable Business
LS Marine Solution is on the rise as news spreads that it is making a full-scale entry into the Taiwanese submarine cable business.
As of 2:17 PM on the 13th, LS Marine Solution's stock price was trading at 10,050 KRW, up 2.24% compared to the previous trading day.
Earlier, LS Marine Solution was selected as the preferred negotiation partner for the submarine cable project of the Anma offshore wind power project in Jeollanam-do. The Anma offshore wind power complex is being constructed near Anmado, Yeonggwang-gun, with a capacity of 532 megawatts (MW) by 2027. It is the largest offshore wind power complex project currently underway in South Korea.
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In addition, following the Anma offshore wind power project, LS Marine Solution has recently established a business base in Taipei, Taiwan, marking its full-scale entry into the Taiwanese submarine business. It is the first domestic submarine construction company to establish an overseas base.
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