Stay updated with breaking news from Ls Group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
LS Cable & System, the cable manufacturing affiliate of LS Group, acquired a 16 percent stake recently in KT Submarine, a marine affiliate of telecommunications service provider KT. The tie-up will help them fortify a competitive edge in the global renewable energy market, the LS affiliate said.
LS Group Chairman Koo Ja-eun has conducted his first reshuffle of the group's top management since taking helm of the group at the beginning of the year. LS Group retained most of the CEOs of its major subsidiaries to focus on organizational stability and minimizing external and organizational changes in consideration of the global economic downturn, although the conglomerate is expected to log a record-high performance this year.
Over 4,000 energy authorities and business executives from around the world gathered in Gwangju, south of Seoul, Wednesday, to share their insights into advancing carbon neutrality initiatives at an annual international conference, according to Korea Electric Power Corp. (KEPCO), the event organizer.
LS Cable & System, the cable manufacturing affiliate of LS Group, has won a supply order of about 240 billion won ($167 million) in high-voltage, direct current (HVDC) cables for the Norfolk Boreas Offshore Wind Farm in the United Kingdom (U.K.), the firm said Thursday.
LS Group invited ambassadors in Korea representing five Gulf Cooperation Council (GCC) member states to LS Yongsan Tower to introduce the company's electric power infrastructure and future business technologies while enhancing cooperation with their countries, according to the company, Tuesday. The GCC is a regional organization formed in 1981 by six Arab oil-producing countries, including the United Arab Emirates (UAE), Oman, Saudi Arabia, Qatar, Kuwait and Bahrain, to strengthen cooperation in economic and security issues.