Korea Joongang Daily
Korea JoongAng Daily

LS Electric starts construction of grid-connected ESS facility in Japan

LS Electric, a Korean electrical equipment maker, said Friday it has started the construction of a grid-connected energy storage system (ESS) facility in Japan as part of efforts to expand its overseas business.

2025-11-28

EV market expected to zoom in 2026 with influx of new models

Korea’s EV market is expected to hit its most competitive year yet in 2026, with local and overseas automakers planning to launch up to 30 new models — nearly double the number released this year of 16.

2025-11-24

LS Electric quietly dominating key U.S. sector, sets sights on Texas data centers

LS Electric commands over 90 percent of Korean firms’ North American orders for switchgear. Orders in the United States are increasing, driven by the recent boom in AI and ensuing spike in data centers that fuel the demand.

2025-11-10

Power equipment makers post big Q3 earnings on AI boom

Korean power equipment makers continued to post strong earnings in the third quarter, driven by booming demand for high-voltage transformers and data center infrastructure amid a global AI investment surge.

2025-10-23

HD Hyundai Electric receives UL certification for four circuit breaker models

HD Hyundai Electric has received UL certification for four of its circuit breaker models, a move that paves the way for expansion into the North American market.

2025-10-14

HD Hyundai Electric wins record 279 billion-won order for high-voltage transformers from U.S.

HD Hyundai Electric said Monday it has won a 279 billion-won ($200.4 million) order to supply ultra high-voltage transformers to a United States-based client, marking the single largest contract in the company's history.

2025-09-22

Tariffs hamper exports, but this transformer maker carries a full order book from the U.S.

Despite sweeping economic upheaval exerted by the Trump tariffs on Korea’s entire industrial landscape, HD Hyundai Electric is quietly thriving — with its production capacity fully booked through the first half of 2031.

2025-08-25

LS Electric scales up Vietnamese plant to tap into Asean potential

LS Electronic is gearing up for a massive increase in business in the Asean region, with its factory on the outskirts of Hanoi, Vietnam, at max production capacity for its power distribution solutions.

2025-07-21

Riding AI wave, LS Electric seizes Asean as next power bastion

Three decades after leading the charge into Vietnam, LS Electric is again at the forefront of Korean power systems providers expanding into the Asean region on the back of Big Tech's expansion there on cheap electricity and ample land.

2025-07-16

LS Electric on U.S. Big Tech’s radar for power system partnership: CEO

LS Electric's CEO highlights growth from U.S. tech demand, reporting significant revenue increases and ongoing expansion in power solutions for data centers.

2025-07-15