Photograph) Panorama of the LS C&S HVDC factory in Donghae City, Gangwon-do Province.


■ Equipment expansion as pre-emptive response for surge in global demand
■ Enhanced construction capabilities with acquisition of KTS, and increased investments in overseas business


LS C&S announced on August 10 that the company will be investing an additional 155.5 billion won into its business establishment in Donghae City, Gangwon Province, to further expand its submarine cable production facilities.

This is a pre-emptive investment made by the company to meet the demand for submarine cable, which is surging with the commencement of large-scale offshore wind farm projects throughout the global energy market.

A company spokesperson stated, “Projects worth trillions of won are being promoted in the global market due to carbon neutral policies,” and added, “We are planning to improve our submarine production capabilities and to meet the surging market demand through additional investments.”

LS C&S is also planning to make more investments in the future aside from the aforementioned investment of 155.5 billion won. The company is currently reviewing not just sites within Korea but also sites in Southeast Asia for potential expansion to establish a stronger foothold in the global market.

LS C&S built the first submarine cable factory in Korea in Donghae City back in 2008 and has since invested approximately 700 billion won to further enhance the company’s submarine cable business capabilities. In May, LS C&S completed the construction of Submarine Cable Unit 4, which is the only HVDC submarine cable factory in the country and the largest such factory in Asia.

Recently, LS C&S has also improved its construction capabilities by acquiring a stake in the submarine construction company KT Submarine (KTS). LS C&S will secure a 45.69% stake and become the largest shareholder of the company once it pays for the acquisition of the controlling interest by mid-August.