Search results for LS Cable
Industry
LS Q2 operating profit 595.6 billion won, up 153 percent year on year
LS said on Thursday its second-quarter operating profit rose 153 percent from a year earlier to 595.6 billion won, while revenue climbed 40 percent to 11.02 trillion won, both record highs for a quarter. First-half operating profit totalled 1.07 trillion won, exceeding last year’s full-year result, with revenue up 39 percent to 20.53 trillion won. The company cited AI data centre expansion and power-grid replacement projects.
Finance
Financial Services Commission, industry ministry to grow physical AI firms with National Growth Fund
South Korea\'s Financial Services Commission and Ministry of Trade, Industry and Energy will link the National Growth Fund with a manufacturing AI transformation project to identify and support leading companies in physical AI. They discussed support measures at a joint public-private meeting at Korea Development Bank. The plan targets sectors including AI factories, robots and future vehicles, with about 16 trillion won to be supplied this year across six related fields.
Industry
LS accelerates U.S. localisation and AI innovation amid power supercycle tailwinds
LS set out a two-track strategy to expand its power business while stabilising new businesses despite global uncertainty. Chief Executive Myung Noh-hyun (명노현) told the company’s 57th annual general meeting on March 26 that priorities this year include settling U.S. localisation investment, early stabilisation of battery materials and electric-vehicle parts businesses, and embedding AI-based innovation. The company cited record 2025 results and said it will also seek higher dividends linked to performance.
