LS Group is expanding new businesses in key minerals based on its growth platform built in the power infrastructure business. LS Group said on Wednesday it will focus on fostering battery materials such as precursors and nickel sulphate as well as rare earth permanent magnets as new growth pillars, in addition to its existing power infrastructure business.

The group is building a Korea battery value chain by constructing battery materials plants at the Saemangeum National Industrial Complex and the Onsan National Industrial Complex through LS-L&F Battery Solution and LS MnM, respectively. LS Cable & System is in talks with the U.S. state of Virginia on establishing a rare earth permanent magnet plant that is essential across advanced industries such as electric vehicles, wind turbines, robots, fighter jets and urban air mobility (UAM).

The expansion of these new businesses comes after last year's record results. LS Group recorded 45.7223 trillion won in revenue and 1.4884 trillion won in operating profit in 2025 on a combined basis for 12 companies. Revenue rose 9.1 percent and operating profit climbed 23.1 percent from the previous year, marking the first time since the group was launched in 2003 that both indicators hit new highs.

LS Cable & System and LS Electric led the strong performance. The two companies increased orders for high value-added products such as extra-high-voltage and submarine cables, extra-high-voltage transformers, switchboards and busducts on the back of expanded investment in global power grids and AI data centres. Their order backlog secured in the U.S. and European markets through last year exceeds 12 trillion won. LS MnM posted a sharp rise in net profit due to higher copper prices and maximised profitability in sulphuric acid and precious metals. The company explained that LS Mtron, E1 and INVENI also improved profitability through a foothold in the North American injection moulding machine market, improved LPG trading results and expanded investment gains.

LS Group plans to invest 7 trillion won domestically and 5 trillion won overseas over the next 5 years to pursue its Vision 2030 goal of reaching 50 trillion won in assets and strengthening a future-oriented business portfolio.

It also sees global geopolitical risks such as the U.S.-Iran war as an opportunity factor. LS Group said its Middle East business exposure is small, limiting the impact of recent conflicts. It expects additional business opportunities if demand for infrastructure reconstruction gathers pace after the Ukraine and Middle East wars end.