Photograph) LS Eco Energy CEO Lee Sang-ho  announcing the company’s mid to long-term growth strategies and vision at the LS Eco Energy Value-up Day event held in Yeouido, Seoul, on the 30th


■ To increase sales by 2.5 times to KRW 1.8 trillion by 2030
■ To expand power/communication cable exports through cooperation with LS Cable & System
■ To foster submarine cable and rare earth permanent magnet business as new growth engine


LS Eco Energy (CEO: Lee Sang-ho) held a Value-up Day event on the 30th at FKI Tower in Yeouido, Seoul, and announced the company’s mid- to long-term growth strategies. 

LS Eco Energy will expand its power and communication cable business and foster its submarine cable and rare earth permanent magnet business as a new growth engine.

Through these efforts, the company plans to increase its sales by 2.5 times from KRW 700 billion in 2023 to KRW 1.8 trillion in 2030. 

“Large-scale power demand will continue for at least 15 years across the world,” said LS Eco Energy CEO Lee Sang-ho. “We will achieve growth without a chasm (temporary demand stagnation) by promoting our rare earth permanent magnet business in addition to expanding our cable business.” 

LS Eco Energy, Vietnam’s No. 1 cable company, is the first overseas extra high-voltage cable production base of LS Cable & System. Recording 30% of its sales in North America and Europe, the company has grown into a major exporting company in Vietnam. 

“There is a shortage in the supply of extra-high-voltage submarine cable as a result of the establishment of large-scale offshore grids and offshore wind power generation projects,” explained a company official. “We are currently reviewing our submarine cable business in Europe and Vietnam.” 

In addition, LS Eco Energy is the first Korean company to secure large-scale rare earth oxides from Vietnam, and with LS Cable & System, it is establishing a value chain covering everything from rare earth metal plant construction to permanent magnet manufacturing.