LS Cable System has decided to invest approximately 940 billion KRW about 720 million USD in the construction of a submarine cable manufacturing facility in the United States... > 경제기사 | natenews rank

LS Cable amp; System

[Alpha Biz= Reporter Kim Sangjin] On the 10th, LS Cable amp; System announced through a public disclosure that it has decided to invest in its U.S. subsidiary, LS GreenLink, to establish a submarine cable manufacturing facility in the United States.

The investment amounts to $682.74 million approximately 941.8 billion KRW, which is more than 2.5% of LS Cable amp; Systems consolidated equity capital.


The company stated, "This investment is for the establishment of production facilities to enter the U.S. market," and noted that "the scale of the investment may change depending on the progress of the project."

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/ 알파경제 Kim Jisun Reporter