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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.
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.
Industry
LS Group steps up new business push beyond power infrastructure into minerals
LS Group is expanding new businesses in key minerals based on its growth platform built in the power infrastructure business. It will foster battery materials such as precursors and nickel sulphate and rare earth permanent magnets as new growth pillars. The group posted record results in 2025, with revenue of 45.7223 trillion won and operating profit of 1.4884 trillion won across 12 companies. It plans to invest 7 trillion won domestically and 5 trillion won overseas over the next 5 years.
