{"slug": "ls-cable-units-hit-records-on-ai-infrastructure-boom", "title": "LS Cable units hit records on AI infrastructure boom", "summary": "LS Cable & System subsidiaries Gaon Cable, LS Eco Energy and LS Marine Solution posted record first-half earnings, with combined revenue of 2.42 trillion won ($1.75 billion) and operating profit of 119.7 billion won, driven by demand from AI data centers and power grid investments. Gaon Cable's revenue rose 27.3% to 1.63 trillion won, LS Eco Energy's revenue increased 32.8% to 635.8 billion won, and LS Marine Solution's revenue grew about 33% to 148.2 billion won, with order backlog at about 660 billion won.", "body_md": "Three major LS Cable & System subsidiaries posted record first-half earnings as investment in AI data centers and power grids drove demand for cables, bus ducts and subsea infrastructure.\n\nGaon Cable, LS Eco Energy and LS Marine Solution generated combined revenue of 2.42 trillion won ($1.75 billion) and operating profit of 119.7 billion won in the January-June period.\n\nGaon Cable reported consolidated revenue of 1.63 trillion won, up 27.3 percent from a year earlier. Operating profit jumped 41.8 percent to 64 billion won, lifting its operating margin from 3.5 percent to 3.9 percent.\n\nGrowth was led by its US business. The company recently secured a 50 billion won contract to supply power distribution cables to a US manufacturing subsidiary.\n\nLS Eco Energy posted revenue of 635.8 billion won and operating profit of 45.4 billion won, up 32.8 percent and 16.5 percent, respectively.\n\nThe company attributed the gains to increased sales of high-value-added products, including extra-high-voltage cables for Europe and bus ducts used in AI data centers.\n\nLS Marine Solution, which installs subsea cables, recorded consolidated revenue of 148.2 billion won, operating profit of 10.3 billion won and net profit of 13.1 billion won.\n\nRevenue rose about 33 percent on-year, while operating and net profit increased 61 percent and 217 percent, respectively.\n\nThe company’s order backlog stood at about 660 billion won, supported by subsea power cable installation projects in Taiwan and undersea telecommunications cable projects across the Asia-Pacific region.\n\nThe three companies expect demand to remain strong as investment grows in AI data centers, renewable energy and the replacement of aging power grids.\n\njyoungseon8@heraldcorp.com", "url": "https://wpnews.pro/news/ls-cable-units-hit-records-on-ai-infrastructure-boom", "canonical_source": "https://www.koreaherald.com/article/10852895", "published_at": "2026-08-26 05:30:00+00:00", "updated_at": "2026-08-26 05:42:50.559070+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure"], "entities": ["LS Cable & System", "Gaon Cable", "LS Eco Energy", "LS Marine Solution"], "alternates": {"html": "https://wpnews.pro/news/ls-cable-units-hit-records-on-ai-infrastructure-boom", "markdown": "https://wpnews.pro/news/ls-cable-units-hit-records-on-ai-infrastructure-boom.md", "text": "https://wpnews.pro/news/ls-cable-units-hit-records-on-ai-infrastructure-boom.txt", "jsonld": "https://wpnews.pro/news/ls-cable-units-hit-records-on-ai-infrastructure-boom.jsonld"}}