From Subsea Cables and Components to Investment and Operations
Leading Subsidiaries to Strengthen Market Leadership
LS Cable & System, along with its subsidiaries, is set to secure the 'offshore wind power value chain.' The company plans to strengthen the ecosystem across the entire industry, from subsea cable production to components, investment, and operations.
On the 24th, LS Cable & System announced that it will expand its offshore wind power-related business together with its subsidiaries Gaon Cable, LS Eco Energy, LS Materials, and LS Marine Solution. Starting with the LS Materials shareholders' meeting on the same day, the business objectives of each subsidiary will be updated to include 'investment, operation, and technology development related to offshore wind power and energy businesses.'
On the 5th, employees at the LS Materials exhibition hall at 'InterBattery 2025' in COEX, Gangnam-gu, Seoul, are explaining the exhibited products to visitors. Photo by LS Cable & System
This strategy is a proactive response to market expansion, including the passage of the Offshore Wind Power Special Act and the promotion of the West Coast Energy Highway project. Based on its experience as the only domestic company to have built an ultra-high voltage direct current (HVDC) subsea transmission network, LS Cable & System plans to lead the offshore wind power market. The company is expanding its business in various areas, from subsea cable production and construction to supplying key components and maintenance. Furthermore, it aims to maximize synergy effects through organic cooperation with each subsidiary and strengthen its position within the offshore wind power industry.
LS Materials supplies ultracapacitors (UC) for the pitch control systems of wind turbines and is promoting the supply of grid systems essential for stabilizing renewable energy power grids.
Gaon Cable and LS Eco Energy are expanding their subsea cable business and offshore wind power-related investment and operations. Both companies will strengthen subsea cable production and related investments, playing a key role in the core supply chain.
LS Marine Solution is advancing ship operation businesses related to offshore wind power and marine plants. Based on dedicated vessels and construction capabilities, it plans to actively respond to the growing demand for offshore wind power expansion and subsea power grid construction.
An LS Cable & System official stated, "We will strengthen competitiveness across the entire value chain of the offshore wind power industry and expand our eco-friendly energy portfolio."
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