LS Eco Energy
LS Eco Energy is a Korea-listed holding company that manufactures extra-high voltage power cables, submarine cables, and copper products through subsidiaries in Vietnam and Myanmar, serving state utilities, hyperscale data center developers, renewable projects, and rail operators across Southeast Asia while expanding into US and Japanese markets.
- Company typePublic
- Founded2015
- HeadquartersSeoul, South Korea
- Headcount—
- GTM typeB2B
- OfferingHardware or Manufacturing
What LS Eco Energy does
LS Eco Energy is a Korea-listed holding company (KRX) and the Southeast Asian power cable manufacturing arm of parent LS Cable & System, headquartered in Donghae-si, Gangwon-do, South Korea following a 2025 relocation from Seoul. Operating three manufacturing subsidiaries - LS-VINA (Hai Phong) and LSCV (Ho Chi Minh City) in Vietnam, and LSGM in Myanmar - the company produces extra-high voltage (EHV) power cables from 110kV up to 400kV, medium- and low-voltage cables, overhead transmission lines (ACSR and OPGW), busducts, SCR copper rods, optical fiber cables, UTP copper cables, and submarine cables, with 60 global sales and distribution bases.
The company's revenue model is built on long-cycle infrastructure project sales, with FY2025 revenue of approximately KRW 1 trillion (~$680M USD) and Q1 2026 revenue of KRW 296.4 billion (~$200M USD), reflecting 29.8% YoY growth. End markets include state-owned utilities (notably Vietnam Electricity / EVN), state telecoms (Viettel), hyperscale data center developers (STT GDC, Johor-based operators), renewable energy projects in the Philippines and elsewhere, railway operators (Hyundai Rotem), and telecom carriers, with growing exposure to US data center and solar EPC markets. Reported operating margin of 7% sits roughly double the industry norm of 3-4%, and the company holds ~80% share of Vietnam's EHV cable market.
Strategic positioning is shifting from a pure Southeast Asian cable supplier toward a vertically and geographically diversified energy infrastructure platform. Recent moves include a rare earth metals joint venture with Lynas Rare Earths (AUD$30M each, March 2026), a submarine cable JV with PetroVietnam subsidiary PTSC (August 2025), KEMA-certified 230kV cables (April 2026) and 400kV UHV cable commercialization (May 2026) targeting US transmission and hyperscale data center applications, and an Articles of Incorporation amendment to include offshore wind in the business purpose.
LS Eco Energy firmographics
Firmographics- Name
- LS Eco Energy
- Legal name
- LS Eco Energy Ltd.
- Website
- https://lsecoenergy.com
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Short description
- LS Eco Energy is a Korea-listed holding company that manufactures extra-high voltage power cables, submarine cables, and copper products through subsidiaries in Vietnam and Myanmar, serving state utilities, hyperscale data center developers, renewable projects, and rail operators across Southeast Asia while expanding into US and Japanese markets.
- Ownership category
- akta.pro rank
LS Eco Energy industry classification
Industry- Product category
- Power & Telecommunications Cable Manufacturing
- NAICS
- Communication and Energy Wire and Cable Manufacturing (33592), Electrical Equipment Manufacturing (3353)
- SIC
- Miscellaneous Electrical Machinery, Equipment & Supplies (3690)
- akta.pro primary industry
- Industrial Power Cable (MV/HV) (IMADAMAB)
- akta.pro secondary industries
- Underground Power Cables (MV/HV/EHV, XLPE, PILC, subsea/land) (EUADADAB), Underground & Submarine Cable EPC (HV/EHV) (EUAEABAB), Utility & Underground Distribution Cable (URD/Substation) (IMADAMAG)
Keywords
Where LS Eco Energy is headquartered
LocationHeadquarters
- HQ city
- Seoul
- HQ country
- South Korea
- HQ region
- Asia
Offices8 records
Markets served
LS Eco Energy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Power Cable Sales: Sale of power cables including extra-high voltage, medium voltage, and low voltage cables for power transmission and distribution infrastructure. Major revenue driver with strong export component to Europe and North America.
- Telecommunications Cable Sales: Sale of UTP and optical cables for LAN, 5G networks, and telecommunications infrastructure. Approximately 80% of UTP cable production exported to North America.
- Data Center Infrastructure: Supply of busducts, power cables, and networking infrastructure to hyperscale data centers across ASEAN region.
- Rare Earth Metal Processing: Processing of rare earth oxides into metals for permanent magnets used in EVs, wind turbines, and defense applications. Partnership with Lynas for raw materials supply.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
LS Eco Energy product offering
Product offeringCore offering
LS Eco Energy manufactures and supplies a full range of power and telecommunications cables including extra-high voltage (EHV) cables up to 400kV, medium and low voltage distribution cables, overhead line cables, busduct systems, optical communication cables, UTP cables, and submarine cables. The company also processes rare earth metals for permanent magnets through a partnership with Lynas Rare Earths, supplying infrastructure for power utilities, hyperscale data centers, renewable energy projects, and telecommunications networks across ASEAN, North America, and Japan.
Product overview
LS Eco Energy is a holding company and Vietnam's No.1 cable maker with a comprehensive product portfolio spanning power and telecommunications infrastructure. The company operates through three main subsidiaries: LS-VINA (power cables, the only Vietnamese producer of ultra-high voltage cables), LSCV (power and telecommunication cables including busducts and UTP), and LSGM (overhead wires and LV cables in Myanmar). The core product line includes EHV cables (110kV-400kV), overhead lines (ACSR, OPGW), LV/MV distribution cables, busducts, SCR copper rods, optical communication cables, and UTP cables (with 80% of high-speed communication cable production exported to North America). Recent strategic expansion includes rare earth metal production through partnership with Lynas Rare Earths for defense, EV, and wind turbine applications. The company also supplies submarine cables for offshore wind projects and specialty railway telecommunication cables.
Differentiator
Problem solved
Functional benefit
Products and services
- EHV (Extra-High Voltage) Cable Extra-high voltage underground power cables for urban areas and power transmission infrastructure. LS-VINA is the only company in Vietnam capable of producing ultra-high voltage cables, spanning from 110kV to 400kV class.
- Overhead Line Cable Overhead wires installed on pylons including ACSR (Aluminum Conductor Steel Reinforced) for long-distance power transmission, and OPGW (Optical Ground Wire) combining lightning protection with fiber optic communication functions.
- LV/MV Cable (Low Voltage/Medium Voltage) Distribution cables providing power to large-scale industrial sites and commercial buildings, including control and instrumentation cables for signal transmission, and insulated cables for electrical equipment distribution. Customizable with flame retardancy, fire resistance, and eco-friendly features.
- Busduct Next-generation indoor electricity distribution system using metal plates as conductors. Designed for large-scale, wide-range energy supply with improved convenience and minimized energy loss. Used in multi-use facilities, factories, apartments, and skyscrapers.
- SCR (Copper Rod) Copper rods used as conductors for various cables, made of electrolytic copper with copper content exceeding 99.99%. Products available in various diameters ranging from 0.01mm to 23.0mm.
- Optical Communication Cable Total optical communication solutions including optical cables and optical cable joints for delivering large amounts of data quickly and reliably. Customized products available for overhead, underground, indoor, and ship installations.
- UTP Cable (Unshielded Twisted Pair) LAN cables for building Local Area Networks in homes and offices. Approximately 80% of UTP cable production for high-speed communication is exported to North America, with demand driven by 5G high-speed communication network construction.
- Submarine Cable Underwater power cables for offshore wind power projects and inter-island or cross-border power transmission. LS-VINA supplies AC 20/35kV submarine cables for offshore wind projects including Tan Phu Dong 2 (50MW) in Vietnam.
- Railway Telecommunication Cable Specialized cables linking train control systems with communication networks for railway applications. Must meet stringent durability and quality standards due to direct impact on safety. Supplied to Hyundai Rotem for hydrogen-powered trams.
- Rare Earth Metals Rare earth metal production for permanent magnets used in electric vehicles, wind turbines, and defense applications. Partnership with Lynas Rare Earths for metallization operations in Vietnam, enabling a non-Chinese supply chain.
Quantifiable outcome
- Q1 2026 revenue increased 29.8% YoY to KRW 296.4 billion
- +3 more outcomes
Companies that use LS Eco Energy
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles5 records
LS Eco Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
LS Eco Energy partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and major.
- Hyundai RotemcoreFirst delivery of railway telecommunication cables produced by LSCV Vietnam subsidiary for hydrogen-powered trams in Daejeon and Ulsan public transit. Specialized cables link train control systems with communication networks meeting stringent safety standards.
- Viettel GroupcoreSupply of power cables for hyperscale AI data center project led by Viettel Group near Hanoi. 60MW capacity facility one of largest AI infrastructure projects in northern Vietnam. LS-VINA providing cables for power network connecting data center and substations.
- LS Eco Advanced MaterialsmajorMOU for strengthening drive motor value chain. Cooperation in rare earth metals and windings to build 'China-free' motor supply chain for robotics, defense, and EV industries. LS Eco Energy provides rare earth metals, LS Eco Advanced Materials provides windings.
- Lynas Rare EarthscoreFramework agreement to establish rare earth metal manufacturing facility in Vietnam. Each company committed approximately AUD$30 million through convertible instruments. Phase 1 production of samarium metal, expanding to NdPr, dysprosium, and terbium. Partnership enables non-Chinese rare earth processing supply chain for EVs, wind turbines, and defense applications.
- PetroVietnam / PTSCcoreJoint Development Agreement for submarine cable manufacturing JV in Vietnam. Plans to build factory and dedicated pier at Phu My port in southern Vietnam. Targets ASEAN submarine HVDC transmission network projects and offshore wind development.
- LS Marine SolutionmajorPartnership for submarine cable manufacturing and installation turnkey operations. Combined capabilities for offshore wind projects and cross-border HVDC transmission.
Scale indicators9 records
Recent moves11 records
Expansion highlights7 records
LS Eco Energy competitors and assessment
Company assessmentDirect peers
- Nexans: French global cable maker with strong EHV, submarine and telecom cable portfolios. Direct competitor in power transmission, offshore wind interconnectors and data center infrastructure—the same segments LS Eco Energy is scaling.
- Furukawa Electric: Japanese peer competing in power cables, optical fiber and automotive/electronics wire harnesses. Comparable product breadth to LS Eco Energy's cable portfolio, including telecom and specialty industrial cables.
- NKT A/S: Danish cable specialist with leading market share in high-voltage and submarine power cables. Highly comparable to LS Eco Energy's EHV roadmap and submarine cable JV ambitions targeting HVDC and offshore wind.
- Prysmian Group: World's largest cable manufacturer, directly comparable to LS Eco Energy across power, EHV, submarine and telecommunications cables. Both compete for hyperscale data center, offshore wind, and grid modernization contracts globally.
- Sumitomo Electric Industries: Japanese diversified cable and electrical equipment manufacturer. Overlaps with LS Eco Energy in EHV power cables, optical fiber and rare earth permanent magnet materials for EVs and industrial applications.
Emerging players
- Elsewedy Electric: Egyptian cable and electrical equipment manufacturer with strong emerging-markets footprint across MENA and Africa. Comparable emerging-market cable scaling playbook and product mix spanning power cables, transformers and telecom infrastructure.
- TBEA: Chinese manufacturer of power transmission equipment including transformers, cables and EPC services. Comparable in HV/EHV cable and power infrastructure EPC, and is a global competitor in renewable grid interconnection.
Broad incumbents
- LS Cable & System: Parent company and Korea's largest cable maker. Operates globally with 60+ bases across 20 countries; provides technology, brand and customer reach to LS Eco Energy and overlaps substantially in EHV and submarine cable capabilities.
Regional players
- Ducab: UAE-based cable manufacturer serving Middle East and exporting globally. Comparable product range in power, control and specialty cables and similar emerging-market export-driven growth strategy.
Others
- Lynas Rare Earths: Australian rare earth producer and LS Eco Energy's JV partner in the Vietnam rare earth metals facility. Adjacent ecosystem participant rather than direct competitor, but a relevant comparator for evaluating the strategic-critical-materials leg of LS Eco Energy's business.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
LS Eco Energy social profiles
Digital presenceLS Eco Energy compliance and trust
Trust signalCompliance5 records
LS Eco Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
LS Eco Energy leadership team
Management profileNumber of profiles
Profiles5 records
LS Eco Energy subsidiaries and ownership
Company hierarchySubsidiaries3 records
LS Eco Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LS Eco Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LS Eco Energy
What does LS Eco Energy do?
LS Eco Energy manufactures and supplies a full range of power and telecommunications cables including extra-high voltage (EHV) cables up to 400kV, medium and low voltage distribution cables, overhead line cables, busduct systems, optical communication cables, UTP cables, and submarine cables. The company also processes rare earth metals for permanent magnets through a partnership with Lynas Rare Earths, supplying infrastructure for power utilities, hyperscale data centers, renewable energy projects, and telecommunications networks across ASEAN, North America, and Japan.
Is LS Eco Energy a public or private company?
LS Eco Energy is a public company. It is classified as public and is currently operating.
When was LS Eco Energy founded?
LS Eco Energy was founded in 2015.
Where is LS Eco Energy based?
LS Eco Energy is headquartered in Seoul, South Korea, in the Asia region.
How does LS Eco Energy make money?
Four revenue lines are on record. Power Cable Sales are the primary driver. The others are telecommunications Cable Sales, data Center Infrastructure and rare Earth Metal Processing.
Who are LS Eco Energy's main competitors?
Direct peers on record are Nexans, Furukawa Electric, NKT A/S, Prysmian Group and Sumitomo Electric Industries. Emerging players are Elsewedy Electric and TBEA. LS Cable & System is listed as a broad incumbent. Ducab is listed as a regional player. Lynas Rare Earths is listed as an others.
Does LS Eco Energy have an API?
No public API is recorded for LS Eco Energy.
What industry is LS Eco Energy in?
LS Eco Energy's product category is Power & Telecommunications Cable Manufacturing. Its primary akta.pro industry code is IMADAMAB, Industrial Power Cable (MV/HV), with a secondary code of EUADADAB, Underground Power Cables (MV/HV/EHV, XLPE, PILC, subsea/land). Its NAICS code is 33592 and its SIC code is 3690.