Gaon Cable

What Gaon Cable does

Gaon Cable (가온전선), founded in 1946 and headquartered in Anyang, South Korea, is Korea's oldest wire and cable manufacturer and operates as a subsidiary of LS Cable & System Ltd. within the LS Group conglomerate. The company manufactures a comprehensive range of power transmission and distribution products — extra-high voltage XLPE cables, medium and low voltage distribution cables, overhead transmission and distribution lines, fire-resistant and control/instrumentation cables, railway cables, and copper rod feedstock — alongside a telecom and data portfolio (fiber optic cables, LAN cables, industrial Ethernet, structured cabling systems, hybrid and coaxial cables), smart wiring solutions, renewable energy cables (solar PV, wind, ESS battery), and specialty products including EV charging connectors and audio cables.

The company's flagship technology for the U.S. market is its busduct power distribution system, manufactured through its U.S. subsidiary LSCUS, which delivers electricity from a facility's main power source to servers and racks inside AI data centers. LSCUS has secured combined bus duct supply contracts worth approximately 5 trillion won ($3.3 billion) with major U.S. hyperscalers — Google, Meta Platforms, and Amazon — including a landmark 4 trillion won five-year Meta agreement that is the largest single contract in Korean cable and power equipment industry history. Gaon has also secured a $38 million bus duct contract with a global EV company's AI data center (its first EV supply chain entry), plus approximately 60 billion won in additional bus duct and 35 billion won in medium-voltage cable contracts for U.S. AI data center power infrastructure, giving it a full-stack position spanning internal bus duct plus external grid-side cables.

Gaon Cable runs a direct enterprise field sales model, selling B2B to infrastructure developers, AI data center operators, utilities, industrial customers, and telecom builders on a quote-based pricing model negotiated per project. Revenue is generated primarily through hardware sales of cable systems, with the U.S. business growing rapidly: U.S.-related orders reached approximately 100 billion won ($65M) in 2025 and are projected to roughly double to approximately 200 billion won ($132M) in 2026, with record annual results expected that year. Domestic Korean operations remain diversified across power grid, industrial, building, railway, port, and telecom applications, while the international growth narrative is anchored to U.S. AI infrastructure demand and grid modernization.

Name

Gaon Cable

Legal name

가온전선 주식회사 (Gaon Cable Co., Ltd.)

Website

https://gaoncable.com

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

101–250 employees

Short description

Gaon Cable (가온전선), founded in 1946, is Korea's oldest wire and cable manufacturer and a subsidiary of LS Cable & System. It produces power transmission cables, bus duct systems, and telecom cables for hyperscale AI data centers, grid infrastructure, and industrial customers globally.

Ownership category

akta.pro rank

Product category

Industrial Power Cables

NAICS

Communication and Energy Wire and Cable Manufacturing (33592)

SIC

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

akta.pro industry

PRIMARYIMAGAEAC

Power Cables & Conductors (LV/MV cables, flexible cables, bus wire, armored cable)

Industrials, Manufacturing & Construction/Electrical Equipment & Industrial Electronics/Electrical Distribution & Wiring Devices (Panels, Breakers, Cables, Connectors)

Keywords

• Power cable manufacturing
• Extra-high voltage cables
• Fiber optic cables
• Bus duct systems
• Data center power infrastructure

Headquarters

HQ city

Anyang

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Power Cable Sales (Export - US): Gaon Cable exports power transmission and distribution cables to U.S. markets, including solar power grid projects and AI data center power infrastructure. The company projects US exports to double to approximately 200 billion won ($131 million) in 2026, up from 100 billion won in 2025. This stream has been growing rapidly driven by AI data center demand.
2. Busduct Power Distribution Systems (LSCUS): Gaon Cable's U.S. subsidiary LSCUS supplies busduct power distribution systems for AI data centers under long-term supply contracts. LSCUS has secured combined bus duct supply contracts worth approximately 5 trillion won ($3.3 billion) with major U.S. technology companies including Google, Meta, and Amazon, as well as a global EV company. These are multi-year contracts representing the bulk of Gaon's projected record annual performance in 2026.
3. Medium-Voltage Cable Supply for AI Data Centers: Gaon Cable supplies medium-voltage power cables for AI data center power infrastructure in the United States through infrastructure partners. This includes approximately 35 billion won in medium-voltage cable contracts for US AI data centers, complementing the bus duct business.
4. Domestic Power & Telecom Cable Sales: Gaon Cable manufactures and sells a full range of power and telecom cables domestically in South Korea, including extra-high voltage cables, distribution cables, overhead lines, fiber optic cables, LAN cables, and smart wiring solutions for buildings, plants, railways, ports, wind farms, and ships.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels1 record

Core offering

Gaon Cable manufactures and supplies industrial power cables, electrical distribution cables, and telecommunications cables for utilities, industrial facilities, buildings, and data centers. Its product portfolio spans extra-high voltage XLPE power cables, medium/low voltage distribution cables, overhead transmission and distribution lines, fiber optic cables, LAN cables, structured cabling systems, renewable energy cables, and busduct power distribution systems. Through its U.S. subsidiary LSCUS, the company has secured multi-billion-dollar bus duct supply contracts with hyperscalers including Google, Meta, and Amazon for AI data center power infrastructure.

Product overview

Gaon Cable (가온전선) is a comprehensive power and telecommunications cable manufacturer offering a diverse portfolio of products across five main categories: (1) Power Grid products including extra-high voltage XLPE cables, medium/low voltage distribution cables, overhead transmission and distribution lines, fire-resistant cables, control/instrumentation cables, railway cables, and copper rod materials; (2) Telecom & Data products including fiber optic cables, optical termination cables, LAN cables, industrial Ethernet cables, structured cabling systems, and hybrid/coaxial communication cables; (3) Smart Solutions including intelligent wiring systems (ACF, SWS) and screwless conduit systems with GP connectors; (4) Renewable Energy products including solar PV cables, wind power cables, and ESS battery cables; and (5) specialized products including high-end audio cables (Artist brand), industrial speaker cables, and EV charging connectors. The company's US subsidiary LSCUS has emerged as a significant player in AI data center power infrastructure, supplying bus duct power distribution systems to major technology companies including Google, Meta, and Amazon, with combined contracts worth approximately 5 trillion won ($3.3 billion).

Differentiator

Problem solved

Functional benefit

Products and services

• Extra-high voltage XLPE cables Cross-linked polyethylene insulated extra-high voltage power cables designed for high-capacity electricity transmission, used for power grid infrastructure and AI data center power supply.
• Medium/low voltage distribution cables Medium and low voltage power distribution cables for industrial facilities, commercial buildings, and data center internal power distribution.
• Control and instrumentation cables Control and instrumentation cables for industrial automation and monitoring systems in plants and process facilities.
• Fire-resistant cables Fire-resistant and flame-retardant power cables designed to maintain circuit integrity during fire incidents, used in buildings, plants, railways, and tunnels.
• Overhead transmission lines Overhead power transmission lines for long-distance electricity delivery across national and regional transmission grids.
• Optical composite overhead ground wire (OPGW) Optical fiber composite overhead ground wire combining grounding and fiber optic communication functions for transmission infrastructure.
• Railway cables Specialized cables for railway power supply, including catenary wires, messenger wires, and dropper wires for rail electrification systems.
• Fiber optic cables Fiber optic cables for high-speed telecommunications and data transmission infrastructure, supporting broadband network deployment.
• LAN cables Local area network cables including UTP, F/UTP, and S/FTP shielded cables for high-speed data networking in commercial and data center environments.
• Industrial Ethernet cables Industrial Ethernet cables designed for harsh environments and factory automation applications.
• Structured cabling system Complete structured cabling systems integrating fiber optic and copper components for comprehensive enterprise network infrastructure.
• Busduct power distribution systems Bus duct power distribution systems for AI data centers that deliver electricity from a facility's main power source to servers and racks. Supplied by LSCUS to Google, Meta, Amazon, and a global EV company under multi-year contracts.
• Solar photovoltaic power cables DC cables specifically designed for solar photovoltaic power generation systems, used in solar power plants and grid-tied solar installations.
• Wind power cables Specialized cables for wind power generation installations, including submarine cables for offshore wind farms.
• ESS battery cables Cables designed for energy storage system battery connections, used in grid-scale and commercial battery storage installations.
• Intelligent wiring solution (ACF) Flexible aluminum sheathed cable solution (ACF) for intelligent building wiring systems, providing streamlined electrical installation for commercial and industrial buildings.
• EV charging connectors and cables Connectors and cables for electric vehicle Level 1/Level 2 (slow) charging stations.
• Copper rod (SCR) Copper rods manufactured using Southwire Continuous Rod (SCR) technology, supplied as raw material for cable manufacturing.

Quantifiable outcome

• Record annual results expected in 2026, driven by AI data center and renewable energy power grid expansion.
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and flagship.

• Global EV Company (AI Data Center Operator)coreStrategic or Co-development Partner · 26 June 2026Gaon Cable's US subsidiary LSCUS secured a $38 million contract to supply busduct power distribution systems for an AI data center operated by a global EV company. This marks Gaon Cable's first entry into the global EV supply chain. The company is actively discussing additional supply opportunities with the same customer, representing a new customer vertical beyond traditional big tech.
• Meta PlatformsflagshipStrategic or Co-development Partner · 3 June 2026Gaon Cable's US subsidiary LSCUS signed a 4 trillion won (~$2.7 billion) five-year bus duct supply agreement with Meta Platforms for AI data center projects — the largest single contract in Korean cable and power equipment industry history. Combined total contracted bus duct business with major US technology companies (Google, Meta, Amazon) reaches approximately 5 trillion won.
• Google (Alphabet)coreStrategic or Co-development Partner · 3 June 2026Gaon Cable's US subsidiary LSCUS supplies bus duct power distribution systems for Google AI data center projects. Google is one of three major US technology companies (alongside Meta and Amazon) with which LSCUS has combined bus duct supply contracts worth approximately 5 trillion won.
• Amazon (AWS)coreStrategic or Co-development Partner · 3 June 2026Gaon Cable's US subsidiary LSCUS supplies bus duct power distribution systems for Amazon AI data center projects. Amazon is one of three major US technology companies (alongside Google and Meta) with which LSCUS has combined bus duct supply contracts worth approximately 5 trillion won.
• US Power Infrastructure PartnercoreTechnology or Integration · 3 June 2026Gaon Cable's US subsidiary LSCUS secured a new contract to supply AI data center power grid cables through a US power infrastructure partner, completing a full-stack power infrastructure position alongside its existing internal bus duct business. This partnership complements LSCUS's direct contracts with hyperscalers by providing cable supply through infrastructure partners.
• LS Cable & System Ltd. (Parent Company)coreOthers · 19 November 2024LS Cable & System Ltd. is the parent company of Gaon Cable. In November 2024, Gaon Cable acquired the US operations of LS Cable & System to expand its business in power cables for industrial sites and buildings. The transaction increased LS Cable's stake in Gaon and was part of LS Cable's strategic shift toward high-speed cables for AI data centers. Gaon Cable operates as a subsidiary within the LS Group ecosystem.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• LS Cable & System: Gaon Cable's publicly listed parent company and Korea's largest cable manufacturer. LS Cable operates across power, telecom, and submarine cables globally, with significant overlap in extra-high-voltage cable technology, AI data center power infrastructure positioning, and US-based manufacturing via LS Cable USA. It is broader in scope (HVDC submarine cables, magnet wire, automotive) than Gaon, but is the most directly comparable Korean peer and the strategic entity behind Gaon's US push.
• ABB: Swiss industrial conglomerate providing data center power distribution, switchgear, and high-voltage cable accessories. ABB serves many of the same hyperscaler and utility customers as Gaon but as part of a much broader industrial portfolio (robotics, automation, electrification), making it a broad incumbent rather than a direct cable specialist.
• Eaton: US power management company supplying data center busways, switchgear, and power distribution components. Eaton serves the same hyperscaler customer base as Gaon and competes for AI data center power infrastructure awards, but as a diversified industrial player rather than a cable-and-bus-duct specialist.

Direct peers

• Prysmian Group: World's largest cable manufacturer with extra-high-voltage, medium-voltage, fire-resistant, and data center power cable offerings. Acquired General Cable in 2018 to strengthen North American footprint and has been actively winning AI data center and grid modernization contracts in the US, competing head-to-head with Gaon on hyperscaler and utility tenders.
• Nexans: French global cable manufacturer with comprehensive power, telecom, and data center cable portfolios. Nexans has explicitly targeted the AI data center and renewable energy markets, with North American manufacturing capacity and similar multi-year contract structures, making it the closest European competitor to Gaon's LSCUS business.
• Sumitomo Electric Industries: Japanese cable and power infrastructure conglomerate with established extra-high-voltage and specialty cable operations serving utilities and data center customers globally. Comparable product breadth to Gaon across power grid, telecommunications, and renewable energy cables, and a possible US regional partner given Sumitomo's data center power ambitions.
• Furukawa Electric: Japanese manufacturer of power, telecommunications, and fiber optic cables with growing North American data center cable exposure. Furukawa's product portfolio and customer verticals (telecom carriers, hyperscalers, utilities) directly mirror Gaon's, including medium-voltage and structured cabling offerings.
• Southwire Company: Largest North American-based wire and cable manufacturer with broad medium-voltage, high-voltage, and data center cable offerings. As a US-domiciled incumbent with strong utility relationships, Southwire competes directly with Gaon's LSCUS for hyperscaler and grid-modernization cable contracts in the North American market.

Emerging players

• Vertiv Holdings: US-based data center power infrastructure specialist focused on busways, power distribution units, UPS, and thermal management for AI and hyperscale facilities. Vertiv is the most direct competitor to Gaon's LSCUS bus duct business and serves the same Meta/Google/Amazon customer set, providing an alternative vendor benchmark for Gaon's flagship product.
• Leoni AG: European wire and cable manufacturer with strong positions in industrial, automotive, and data center cabling. Under restructuring since 2022, Leoni is refocusing on higher-margin specialty cables and could compete with Gaon in specific data center and EV charging cable niches.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/gaon-cable-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Gaon Cable