ManufacturerSouth Korea

LS Cable & System Ltd.

LS Cable & System

LS Cable & SystemLS is South Korea's largest wire and cable manufacturer, founded in 1962 in Anyang, Gyeonggi Province, South Korea. With revenue of ₩7.58 trillion (approximately $5.2 billion), the company operates 35 manufacturing subsidiaries across 19 countries, employing more than 10,000 people. Listed via its parent LS Corp on the Korea Exchange (KRX: 006260).Strengths: An unprecedented ₩7.63

South KoreaEst. 196210,000+₩7.58T (~$5.2B)Heavy chemical asset manufacturingKRX: 006260 (parent LS Corp)Score 86

Business Nature

Self-manufacturing, heavy chemical asset manufacturing enterprise, the largest wire and cable manufacturer in South Korea.

Core Business Areas

Power and Communication Cable Systems — Core Business • Extra-high voltage and submarine power transmission cables • Medium and low-voltage building and industrial power cables • Building busway bus duct systems for commercial and data center power distribution • Fiber optic communication cables for telecom and data center networks • Specialty cables for renewable energy offshore wind, solar farms • Cable accessories including joints, terminations, and connectors

Industry Rankings

9Top 10 Plumbing & Electrical Systems Brands

Brand

9Top 10 Plumbing & Electrical Systems Manufacturers

Mfr

Corporate Report

LS Cable & System is South Korea's largest wire and cable manufacturer, founded in 1962 in Anyang, Gyeonggi Province. With revenue of ₩7.58 trillion (~$5.2 billion) and 10,000+ employees across 35 manufacturing subsidiaries in 19 countries, it is a major force in Asian and global cable markets. Listed via parent LS Corp on the Korea Exchange (KRX: 006260).

Business Overview

LS Cable produces extra-high voltage power cables, submarine cables, building busway systems, fiber optic cables, and renewable energy cables. The company has an unprecedented ₩7.63 trillion backlog of uncompleted orders, locking in multi-year revenue visibility. Its $50 million expansion of the Tarboro, North Carolina factory and new Mexican busway facility demonstrate an aggressive "in-region-for-region" strategy to bypass trade barriers and capture North American data center demand.

Key Strengths

• Record ₩7.63 trillion order backlog providing unmatched revenue visibility. • Aggressive North American expansion through factory investments and strategic partnerships. • Strategic Lynas Rare Earths partnership for permanent magnet supply chain control. • Diversified across power cables, submarine cables, and busway systems.

Challenges & Outlook

South Korea's small domestic market forces direct global competition with Prysmian, Nexans, and Sumitomo. Heavy capital expenditure strains free cash flow generation. Relative underinvestment in fiber optic and telecommunications cables limits diversification benefits compared to peers.

VerityRank Score

86/ 100

Based on market presence, financial scale, operational capacity, and brand strength.

Quick Facts

Headquarters

Anyang, South Korea

Founded

1962

Employees

10,000+

Factories

Heavy chemical asset manufacturing

Listing

Korea Exchange: KRX 006260 (LS Corp)