LS Cable & System

Name

LS Cable & System

Legal name

LS Cable & System Ltd.

Website

https://lscns.com

Company type

Public

Founded year

1962

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Power Cables and Electrical Equipment

NAICS

Communication and Energy Wire and Cable Manufacturing (33592)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

HVDC Cables & Overhead Lines (Subsea, Underground, Overhead) (EUADAMAB)

akta.pro secondary industries

Underground Power Cables (MV/HV/EHV, XLPE, PILC, subsea/land) (EUADADAB), Underground & Submarine Cable EPC (HV/EHV) (EUAEABAB), Industrial Power Cable (MV/HV) (IMADAMAB)

Keywords

• Power transmission cables
• Submarine cable systems
• Telecommunication cables
• Automotive wiring harnesses
• Rare earth magnets

Headquarters

HQ city

Anyang

HQ country

South Korea

HQ region

Asia

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Power Transmission and Distribution Cables: Revenue from extra-high voltage, HVDC, submarine, overhead, and distribution cables for power grid infrastructure, AI data centers, offshore wind farms, and national grid projects. Major contract wins include $1.62B international supply contract and multiple billion-won national grid projects.
2. Industrial Cables and Harnesses: Revenue from industrial specialty cables, automotive cables and harnesses, and electric vehicle components including motor winding wires, battery parts, and high-voltage harnesses supplied to Hyundai, Kia, and global EV manufacturers.
3. Telecommunication Cables and Solutions: Revenue from optical cables, structured cabling systems, and RF feeder systems for telecommunications infrastructure, data centers, and communication networks.
4. Advanced Materials (Recycled Copper, Rare Earth Magnets): Revenue from eco-friendly copper materials (recycled copper, Cuflake, oxygen-free copper, copper alloys) and rare earth permanent magnets for EVs, defense, robotics, and renewable energy applications.
5. Bus Duct and Power Distribution Systems: Revenue from bus duct and cable bus products for AI data center power distribution, sold to hyperscale data center operators and their infrastructure contractors.
6. Subsea Cable Installation and Project Execution: Revenue from submarine cable installation services through LS Marine Solution, offering turnkey solutions combining supply and installation for offshore wind and interconnector projects.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

LS Cable & System manufactures and supplies a comprehensive portfolio of power transmission and distribution cables (including extra-high voltage, HVDC, submarine, overhead, and distribution cables), telecommunication cables, automotive and EV cables and harnesses, bus duct systems for AI data centers, superconducting cables, and advanced copper and rare-earth magnet materials. The company also delivers submarine cable installation services through its subsidiary LS Marine Solution, providing turnkey solutions for offshore wind and interconnector projects worldwide.

Product overview

LS Cable & System is a comprehensive cable and power infrastructure solutions provider offering an integrated portfolio of energy, telecommunication, and industrial cable products. The core energy segment includes extra-high voltage cables (500kV HVDC and 400kV XLPE), submarine cables (including 525kV HVDC and dynamic cables), overhead lines, distribution cables, and bus duct systems for power transmission and distribution. The telecommunication segment provides optical cables, structured cabling systems, and RF feeder systems. The industrial cables segment covers specialty cables for wind power and railways, industrial device cables, automotive cables including EV high-voltage harnesses and liquid-cooled charging cables, and industrial tubes. Materials include copper rod products such as recycled copper, Cuflake, and oxygen-free copper. The portfolio also includes innovative solutions like superconducting cables (world's first commercially deployed), cable bus systems for AI data centers, ultra-capacitors for energy storage, and I-Check cable monitoring systems. Solutions are provided across Electric Power, Wind Power, Railways, Marine & Offshore, Automobiles, Airports, and Communication networks.

Differentiator

Problem solved

Functional benefit

Brands

• Gaon Cable (가온전선): Subsidiary specializing in power cables for industrial sites, buildings, and AI data center power infrastructure including busducts
• LS Eco Energy
• LS Marine Solution
• LS GreenLink

Products and services

• Extra-high Voltage Cables High-capacity power transmission cables designed for extra-high voltage applications including 500kV HVDC and 400kV XLPE cable systems for long-distance power transmission and grid interconnection projects. Sold to utilities, grid operators, and renewable energy developers.
• Submarine Cables Underwater power cables for offshore wind farms, inter-island connections, and marine energy transmission. Includes 525kV HVDC submarine cables and dynamic cables for floating offshore structures. Sold to offshore wind developers, utilities, and interconnector operators.
• Overhead Line Overhead power transmission lines for national grid infrastructure and power distribution networks. Sold to electric utilities and grid operators.
• Distribution Cables Power distribution cables for local grid networks, industrial facilities, and commercial building power infrastructure. Sold to utilities, developers, and industrial customers.
• Bus Duct Busduct systems for high-capacity power distribution in data centers, industrial facilities, and commercial buildings. Includes cable bus solutions for AI data center applications, sold to hyperscale data center operators and their EPC contractors.
• Optical Cables Fiber optic cables for telecommunications including ultra-rollable ribbon optical cables for FTTx deployments and high-bandwidth data transmission. Sold to telecom operators and data center customers.
• Structured Cabling System Complete structured cabling solutions for enterprise networks, data centers, and telecommunications infrastructure. Sold to enterprises, data centers, and telecom operators.
• RF Feeder System Radio frequency feeder systems for wireless telecommunications infrastructure and antenna systems. Sold to wireless telecom operators and tower companies.
• Industrial Specialty Cables Specialized cables for wind power generators, railway systems, and other industrial applications requiring high durability and reliability. Sold to wind power OEMs, rail operators, and industrial customers.
• Industrial Devices Cables Cables for industrial equipment, machinery, and manufacturing facilities. Sold to industrial equipment manufacturers.
• Automotive Cables Automotive wiring harnesses including high-voltage harnesses for electric vehicles, 800V motor windings, and liquid-cooled charging cables for ultra-fast EV charging. Sold to automotive OEMs including Hyundai and Kia.
• Tubes Industrial tubing products for various applications. Sold to industrial customers.
• Copper Rod Copper rod materials including recycled copper, Cuflake, oxygen-free copper, and copper alloys for cable manufacturing and industrial applications. Sold to cable manufacturers, battery producers, and industrial customers.
• Superconducting Cable World's first commercially deployed superconducting cable solution for power transmission with near-zero resistance, suitable for data center and urban power grid applications. Sold to data center operators and utilities.
• Ultra-Capacitor (UC) Industrial-grade energy storage devices with rapid charge-discharge capabilities and long lifespan for renewable energy and power grid applications. Sold to renewable energy developers and grid operators.
• I-Check Cable Monitoring System Real-time cable monitoring and diagnostic system for distribution networks, enabling safety inspections and predictive maintenance of power infrastructure. Sold to utility operators and infrastructure owners.
• Submarine Cable Installation Services Turnkey submarine cable installation services through LS Marine Solution combining cable supply, transportation, lay, burial, and O&M support for offshore wind and interconnector projects. Sold to offshore wind developers and grid operators.

Quantifiable outcome

• Recycled copper reduces carbon emissions by up to 80% compared to conventional mining
• +5 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Qatar General Electricity and Water Corporation (KAHRAMAA)coreStrategic or Co-development Partner · 24 June 2026LS Cable was awarded contracts worth over QAR 2.2 billion (~$600M) from KAHRAMAA as part of a consortium with Voltage Engineering LTD, Best & Betas Consortium, and Larsen & Toubro. The project involves EPC work for substations, underground cables, and overhead lines to connect the Dukhan Solar Power Project to Qatar's national grid, supporting renewable energy integration.
• Haesong Offshore Wind (Copenhagen Infrastructure Partners / Copenhagen Offshore Partners)coreStrategic or Co-development Partner · 28 May 2026LS Cable & System and LS Marine Solution signed preferred supplier agreements with Haesong Offshore Wind and a tripartite MoU with KEPCO E&C for subsea cable supply, transportation, installation, and O&M support for the 1GW Haesong Offshore Wind 1 and 3 projects off the west coast of Korea (Shinan, Jeonnam). The projects consist of two 504MW phases owned by Copenhagen Infrastructure Partners.
• Viettel Group (Vietnam)coreStrategic or Co-development Partner · 14 May 2026LS Eco Energy supplies power cables to Vietnam's leading telecommunications company Viettel for a 60MW AI data center project in Hanoi, marking entry into Vietnam's large-scale AI infrastructure market.
• KEPCO Engineering & ConstructioncoreStrategic or Co-development Partner · 11 May 2026LS Cable and KEPCO E&C formed a partnership to advance floating wind energy projects in Korea. The partnership combines LS Cable's subsea cable technology with KEPCO E&C's EPC capabilities and marine environment analysis to develop dynamic cable design solutions for floating offshore wind applications.
• Vin Group (Vietnam)coreStrategic or Co-development Partner · 22 April 2026LS-VINA secured a contract to supply extra-high voltage cables for VinGroup's Hai Phong new city development project in Vietnam, reinforcing LS-VINA's dominant ~80% market share in Vietnam's extra-high voltage cable market.
• LG Electronics, LG Energy Solution, LS ElectriccoreStrategic or Co-development Partner · 21 April 2026LS Cable & System joined a consortium with LG Electronics, LG Energy Solution, and LS Electric to develop direct current (DC) grid solutions for AI data centers. The partnership aims to reduce power conversion losses from approximately 25% to 15% by optimizing the power delivery architecture from grid to server.
• Lynas Rare EarthscoreStrategic or Co-development Partner · 26 March 2026LS Cable & System partnered with Australian miner Lynas Rare Earths to explore developing a rare earth metals production facility in Vietnam. The venture will process rare earth oxides from Lynas's Malaysian and Australian operations into finished samarium and other metals used in permanent magnets for EVs and defense industries. Both companies exchanged 300 billion won convertible bonds as cross-investment, creating a 'blood alliance' in rare earth supply chains. Lynas is the world's second-largest rare earth producer outside China.
• Korea Future Materials (KFM)coreStrategic or Co-development Partner · 26 March 2026Korea Future Materials, a subsidiary of LS Cable & System, completed construction of its Gunsan plant and began mass production of eco-friendly advanced materials including recycled copper and Cuflake. This establishes a resource-circulating supply chain for the company. KFM also plans a facility near LS GreenLink's Chesapeake, Virginia operations to expand into North America.
• Vietnam GovernmentcoreStrategic or Co-development Partner · 26 March 2026LS Eco Energy and the government of Vietnam are cooperating on rare earth supply chain development, with Vietnamese officials expressing support for the rare earth industry collaboration as a counter to Chinese export restrictions on rare earths.
• Korea Materials Research Institute (KIGAM)minorStrategic or Co-development Partner · 4 March 2026LS Eco Energy signed a technology transfer agreement with KIGAM for rare earth separation and refining technology, enabling in-house production technology for extracting high-value neodymium and praseodymium oxides from mixed rare earth concentrates.
• UL SolutionsminorStrategic or Co-development Partner · 9 December 2025UL Solutions certified LS Cable & System's domestic sites for Zero Waste to Landfill, achieving more than 80% waste diversion. This ESG certification supports LS Cable's green manufacturing positioning and compliance with European and developed market environmental standards.
• TotalEnergies, Equinor, Aker BP, DeepOcean (FlowHeat Consortium)coreStrategic or Co-development Partner · 21 October 2025LS Cable & System joined a joint industry project (FlowHeat) with TotalEnergies, Equinor, Aker BP, and DeepOcean to commercialize a next-generation subsea flowline heating system. The patented technology can reduce manufacturing and installation costs by up to 35% and cut carbon emissions by 30%, operating at distances up to 50km in water depths reaching 3,000 meters. Full-scale qualification testing is planned, with over 300 potential projects globally identified by 2030.

Scale indicators18 records

Recent moves12 records

Expansion highlights6 records

Broad incumbents

• ABB: Global electrification, motion, and process automation leader with a broad power infrastructure portfolio including grid integration and cable system solutions. Operates as an adjacent incumbent rather than direct cable competitor, but addresses overlapping AI data center and grid customers.
• Hitachi Energy: Provider of HVDC converter stations, grid integration, and broader power infrastructure solutions. While not primarily a cable manufacturer, Hitachi Energy is the dominant partner/competitor on HVDC transmission EPC projects where LS Cable supplies the cable system.

Direct peers

• Prysmian Group: The world's largest cable manufacturer with leadership in submarine HVDC, extra-high voltage, and telecom cables. Prysmian is LS Cable's primary global competitor across the same product categories, particularly in European and transatlantic HVDC interconnector and offshore wind projects.
• Furukawa Electric: Japanese cable and materials manufacturer with submarine cable, automotive wire harness, and copper material operations. Closely comparable to LS Cable in HVDC submarine cables, EV components, and copper materials, with overlap in Southeast Asian and Japanese markets.
• Nexans: French-headquartered global cable manufacturer with strong submarine cable, high-voltage power, and building cable portfolios. Competes head-to-head with LS Cable in HVDC interconnectors, offshore wind export cables, and AI data center power distribution.
• NKT A/S: Danish cable specialist focused on high-voltage power and submarine cables with leading positions in European offshore wind and HVDC interconnectors. Directly comparable to LS Cable in HVDC submarine technology, project execution, and renewable-energy-driven demand.
• Belden Inc. US-headquartered manufacturer of signal and communication cables, structured cabling, and industrial networking solutions. Comparable to LS Cable's telecommunication and industrial cable segments, particularly for data center and enterprise network deployments.
• Leoni AG: German specialist in wires, cables, and wiring systems with strong automotive and industrial cable exposure. Comparable to LS Cable's industrial and automotive cable segments, though materially smaller in HVDC and submarine cables.
• Taihan Cable & Solution: Korean competitor in extra-high voltage and submarine cables, recently implicated in an IP theft investigation involving LS Cable's submarine cable technology. Most direct domestic peer and primary competitor in Korean and export HVDC/submarine projects.
• Sumitomo Electric Industries: Japanese conglomerate with one of the world's largest cable and wire businesses, including HVDC submarine cables, extra-high voltage land cables, and automotive harnesses. Direct peer across power transmission, submarine cables, and automotive wiring, particularly in Asian markets.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/LSCableSystem
• Xx.com/ls_cable

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries15 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LS Cable & System