February Newsletter of LS Cable & System

February Newsletter of LS Cable & System

LS Cable & System's monthly newsletter is published to keep our followers informed of our events, products, projects, and etc.

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February 2024 edition contains signing an exclusive contract with UHT, signing a MOU with Vacuumschmelze to establish a joint venture, holding the 4th Technology Contest and so on.


February 6th

LS Marine Solution, a subsidiary of LS Cable & System , achieved its highest operating and net profit in 22 years.


February 7th

LS Cable & System congratulates Lunar New Year!Wishing everyone a Happy Year 2024. We are looking forward to a better year with good health, happiness and prosperity.


February 15th

LS Cable & System has signed an exclusive contract with Swedish company Uv?n Hagfors Teknologi AB (*UHT) on the purchase of machines (GRANSHOT) and the introduction of processes.


February 16th

LS Eco Advanced Materials, a subsidiary of LS Cable & System has signed a memorandum of understanding (MOU) with the German-based Vacuumschmelze, the largest permanent magnet manufacturer in Europe, to establish a joint venture.


February 20th

LS Eco Energy, a subsidiary of LS Cable & System , achieved its highest operating profit in 2023. It recorded preliminary net profit of KRW 4.3 billion, operating profit of KRW 29.5 billion, and revenue of KRW 731.1 billion in 2023. Compared to the previous year, the operating profit increased by 7.4%.


February 26th

LS Cable & System is holding the 4th 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 Group will open the "LS K-High Tech Platform" to support the local community's digital capabilities at LS Mirae One in Anseong, Gyeonggi-do, and start a full-scale operation.

LS Group plans to share infrastructure related to the convergence of cutting-edge new technologies in the community through the platform. Based on this, the plan is to train "LS Futurist" armed with advanced digital technology in the future.

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