LS Cable & System Strengthens ASEAN Strategy... CEO Goon-Kyu Koo Attends Eric Trump Dinner

Strategy Workshop Held in Hanoi
Focused Discussions on HVDC Submarine Network and Localization
Seeking Opportunities to Participate in Trump Organization Project

LS Cable & System is set to actively implement its strategy to penetrate the ASEAN submarine power grid market.

On the 21st, at the PetroVietnam headquarters, Goon-Kyu Koo, CEO of LS Cable & System (fourth from the left in the photo), Le Man Hung, Chairman of PetroVietnam (third from the left in the photo), and other officials took a commemorative photo after a meeting. Photo by LS Cable & System

On May 22, LS Cable & System announced that it had reviewed the localization of high-voltage direct current (HVDC) power grids and submarine projects through a local workshop in Vietnam, and was also invited to a dinner hosted by Eric Trump, taking steps to expand its global network.

First, at the ASEAN Strategy Workshop held in Hanoi over two days starting May 21, discussions focused on business strategies and localization plans for submarine projects in response to the spread of artificial intelligence (AI) data centers and renewable energy. The workshop was attended by LS Cable & System executives, as well as representatives from key affiliates such as LS Eco Energy and LS Marine Solution, who reviewed the expansion of local production infrastructure and implementation systems. In particular, participation in the Vietnam-Singapore ultra-long-distance HVDC submarine power grid construction project was addressed as a core agenda item.

During the workshop, LS Cable & System also met with Le Man Hung, Chairman of PetroVietnam, the state-run energy company of Vietnam, to discuss support measures such as tax incentives and government subsidies needed for the construction of a submarine cable plant.

In addition, CEO Goon-Kyu Koo was invited to and attended a groundbreaking ceremony dinner on May 21 for a 2 trillion won resort development project led by the Trump Organization. The invitation was extended as a gesture of appreciation for LS Cable & System's investment in a U.S. submarine cable plant.

An LS Cable & System official stated, "Vietnam is a strategic region poised to become a key hub for global HVDC power grids," and added, "We will strengthen our leadership in the ASEAN market not only through submarine projects, but also by expanding into underground power grids and data infrastructure."

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