[Market Focus] LS Marine Solution Surges 3% on Expectations as Beneficiary of West Coast Energy Expressway

LS Marine Solution is showing strong performance in early trading on September 22. This comes as expectations rise following the government's recent decision to move up the completion target for the West Coast Energy Expressway, based on high-voltage direct current (HVDC) technology, from 2031 to 2030.

As of 9:40 a.m. on this day, LS Marine Solution was trading at 25,150 won, up 950 won (3.93%) from the previous trading day.

This appears to be due to the government's decision to advance the completion date of the West Coast Energy Expressway to 2030. Analysts have pointed out that an order must be placed in the first half of next year to meet the 2030 completion deadline, and investor attention is focusing on LS Marine Solution as a beneficiary of this project.

LS Marine Solution, together with LS Cable & System, is the only company in Korea with both supply and construction experience for subsea HVDC cables. LS Marine Solution is further strengthening its business capabilities by recently beginning construction of a dedicated ultra-large HVDC cable-laying vessel.

On September 19, Kim Taehyun, a researcher at IBK Investment & Securities, stated, "The West Coast HVDC Energy Expressway project, with a total project cost of 11 trillion won, is expected to generate up to 3 trillion won in revenue from subsea cable laying and construction." He added, "After the completion of the ultra-large cable-laying vessel in March 2028, LS Cable & System's subsea cable plant in the United States will begin mass production, which is expected to enable expanded participation in global subsea power and communication network projects, especially in North America."

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