February Newsletter of LS Cable & System

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February 2023 edition contains export cable installation for the Hollandse Kust West Alpha PJT, establishment of a joint venture with HAI, MOU on mineral development with KT and Monnis Group and so on.?

February 6th

LS Group is planning to forge a deeper level of communication with the younger generation by recruiting for the 9th LS Young Creator.

LS Young Creator is part LS Group’s social contribution activities that aim to broaden its communication with multiple generations on a deeper level by turning the industrial sites of the group’s major affiliates - including?LS Cable & System ?- into new-age content from the fresh perspective.

February 7th

LS Cable & System ?and Jan De Nul Group have installed the first of two export cables for the connection of the Hollandse Kust West Alpha substation to the Dutch onshore grid.?

February 10th

In the '2022 K-Company ESG White Paper' published by the Federation of Korean Industries based on an analysis of the ESG activities of companies in South Korea,?LS Cable & System 's ESG management was selected as an exemplary case.

February 14th

LS Cable & System ?and Austria's Hammerer Aluminium Industries (*HAI) signed an agreement to invest a combined $53 million in their establishment of a joint venture that will start the production of battery cases and other electric vehicle (EV) components made with light-weight, high-strength aluminum from 2025.

February 16th

As the power cable market continues to grow following the U.S. government’s expansion of new and renewable energy,?LS Cable & System ?is increasing its presence in the market.

February 20th

LS Cable & System , KT and Monnis Group signed a trilateral MOU(Memorandum of Understanding) on mineral development in Mongolia.

February 22nd

LS Cable & System Asia, a subsidiary of?LS Cable & System , officially recorded over 800 billion won in consolidated sales last year—the highest in the company’s history.

February 23rd

LS Cable & System ?is holding the 3rd Technology Contest in Korea to acquire future growth engines.

This is a part of the LS C&S’s “Open R&D” strategy to rapidly acquire technologies that it can use to establish cooperative relationships with Korea’s top universities and research institutes and expand its businesses.

February 27th

LS Cable & System 's year-end order balance broke the KRW 3.2 trillion mark. This momentous result was achieved in part due to the continued growth of the subsidiaries, such as LS Cable & System Asia and LS Materials, as well as favorable conditions for new businesses such as submarine cables and electric vehicle parts.