[InterBattery] LS Gu Ja-eun "LS E-Link to Pursue Listing Within This Year"

Gu Ja-eun, Chairman of LS Group, interviewed by the press at 'InterBattery 2024'. Photo by Joint Press Corps

Gu Ja-eun, Chairman of LS Group, announced on the 6th that the electric vehicle charging solution affiliate LS E-Link is planning to go public within this year.

Chairman Gu said in an interview with reporters at the battery exhibition 'InterBattery 2024' held at COEX in Gangnam-gu, Seoul, "The goal is to have LS E-Link's initial public offering (IPO) this year." He also stated, "We aim to list about one to two affiliates between the listings of LS E-Link and LS MnM."

Regarding the affiliates planned for additional listings, Chairman Gu said, "The listing market could be domestic or overseas," and when asked if they might list on the US Nasdaq, he replied, "Yes." Gu Dong-hwi, CEO of LS MnM, also told reporters that day that they plan to expand LS MnM's secondary battery materials business and pursue a listing.

LS MnM, the largest non-ferrous metal materials company in Korea, officially entered the electric vehicle battery materials business last year with the decision to invest in a secondary battery materials factory in the second half of the year. Regarding LS Group's secondary battery materials business, Chairman Gu said, "It is just the beginning," and predicted, "We are building factories, and significant results will come out in a few years."

Since the launch of Chairman Gu's leadership in 2022, LS Group has focused its capabilities on the so-called 'Baejeonban' (Battery, Electric Vehicle, Semiconductor) as core new business areas. Among the Baejeonban businesses, they are concentrating on materials businesses such as nickel sulfate, precursors, and battery recycling, as well as electric vehicle parts and solutions, and manufacturing automation businesses.

When asked about his impressions after touring the InterBattery exhibition hall, he said, "I thought that our country's battery business is indeed recognized worldwide," and added, "LS is producing precursors, and the top priority is to domestically produce them as soon as possible."

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