Korea Joongang Daily
Korea JoongAng Daily

Taihan Cable to invest $716 million to build second submarine cable factory

Electric wire company Taihan Cable & Solution will invest 1 trillion won ($716 million) to build a second factory for submarine cables in an industrial complex in Dangjin, South Chungcheong, to match increased global demand for the wires.

2024-11-18

LS Cable & System eyes annual sales of $7.5 billion in 2030 in AI era

LS Cable & System is aiming for annual sales of 10 trillion won in 2030 as the AI boom imparts a need for cables up to the task of transmitting massive amounts of data.

2024-09-05

LS C&S to invest $683 million in Virginia submarine cable plant

LS Cable & System will invest $682.7 million in a Virginia facility to produce high-voltage subsea cables for offshore wind farms.

2024-07-10

Taihan Cable secures U.S. power grid contracts worth ￦130B

The Korean cable firm announced that it has secured projects in New York and California to bring the year's U.S. deals to 330 billion won.

2024-06-18

LS Eco Energy aims to double revenue with new undersea cable business

LS Eco Energy aims to increase its revenue by a factor of 2.5 by 2030 with a new focus on undersea cables and rare earth materials. It plans to build undersea cable plants in Europe and Vietnam.

2024-05-30

LS Group seeking to build HVDC cable factory in Britain

LS Group, which earlier signed a deal with Britain's Global Interconnection Group to set up a joint venture, is looking to build a factory.

2024-05-29

LS Eco Energy inks $30.5 million cable deal with Denmark's Energinet

The Korean cable manufacturer locked in a deal to supply the Danish firm with extra-high energy voltage cables.

2024-04-17

Taihan Cable wins $82 million U.S power grid deal

Taihan Cable & Solution, Korea's second-largest cable company, won its largest project in the United States with a $82 million power grid replacement deal.

2024-03-29

LS Eco partners with Germany's VAC to produce 1,000 tons of EV materials per year

LS Eco Advanced Materials, a subsidiary of LS C&S, is partnering with Germany's Vacuumschmelze to expand its EV component business. The venture will produce 1,000 tons of neodymium annual for EV motors.

2024-02-14

LS Group signs MOU with Saudi Arabia on Vision 2030 initiative

LS Group signed a Memorandum of Understanding (MOU) with the Saudi Arabian government to cooperate on the machinery and equipment sectors for its state-led initiative, Vision 2030.

2023-12-13