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LS Electric to Invest KRW 100.8 Billion in Busan Plant Expansion by Year-End


LS Electric - Smart Factory
LS Electric - Smart Factory


LS Electric, Korea’s leading power and automation solutions provider, is making a significant investment in expanding its Busan plant, reinforcing its position as a global smart energy leader. The company has signed an investment MOU with the Busan city government to invest KRW 100.8 billion in expanding its facilities by the end of this year.

The signing ceremony was attended by Busan Mayor Park Hyung-joon and LS Electric President Oh Jae-seok, marking a major milestone for Korea’s power industry. LS Electric operates 13 subsidiaries and 14 branches worldwide, with a strong focus on global expansion and technological excellence.


A Vision for Smart Energy and Automation

LS Electric is well known for pioneering power and automation solutions, driving innovation, and adopting advanced manufacturing technologies. As part of its global expansion strategy, this investment in Busan will enhance its ability to deliver next-generation energy solutions and strengthen its high-voltage production capabilities.


Key Highlights of the Expansion Project:


  • KRW 100.8 billion investment to enhance Busan plant capacity

  • Expansion of 130,000㎡ production facility

  • Addition of vacuum drying, assembly, testing, and welding facilities

  • Increase in annual production capacity from KRW 200B to KRW 700B

  • Creation of 330 new jobs, boosting local employment


Strategic Importance of the Expansion

This expansion project plays a crucial role in strengthening LS Electric’s global energy presence. With the new facilities, LS Electric will:

  • Enhance High-Voltage Direct Current (HVDC) Capabilities – ensuring Korea remains at the forefront of global HVDC production.

  • Improve Manufacturing Efficiency – incorporating cutting-edge automation and testing facilities to streamline operations.

  • Drive Employment & Economic Growth – creating 330 new jobs and supporting the local economy.


LS Electric’s Growth in the Power Sector

LS Electric has continuously evolved over the years, establishing itself as a leader in the smart energy sector. The company first established Korea’s high-voltage direct current (HVDC) production facility in 2011, marking a key turning point for its global operations. Since then, LS Electric has been consistently expanding its capabilities to meet the rising demand for energy storage solutions (ESS), industrial automation, and renewable energy infrastructure.

As Korea transitions towards sustainable energy and digital transformation, LS Electric's Busan plant expansion is set to play a critical role in the future of smart power solutions.


Innovation and the Future of Power Solutions

With the continued demand for sustainable energy and grid modernization, LS Electric is leveraging advanced technology to revolutionize energy management. This new expansion will position the Busan plant as a global production hub, ensuring LS Electric remains competitive in an ever-evolving industry.

Key Technologies Driving the Expansion:

  • Vacuum Drying & Advanced Welding – Enhancing the durability and reliability of high-voltage products.

  • Smart Automation & Testing Labs – Enabling real-time performance assessment for power solutions.

  • Energy Storage & Grid Stability Solutions – Strengthening Korea’s role in global renewable energy adoption.


The Road Ahead for LS Electric

With this investment, LS Electric is setting the stage for long-term growth in high-voltage energy solutions, aligning with global trends toward smart grids, green energy, and industrial digitalization. The expansion is expected to significantly contribute to the company’s vision of leading the global energy transformation.

“With this investment, we aim to reinforce our presence as a world-class smart energy company while contributing to the advancement of Korea’s power sector,” said LS Electric President Oh Jae-seok.

Conclusion: Pioneering the Future of Energy

The Busan plant expansion is more than just an investment; it’s a commitment to innovation, sustainability, and global leadership. By increasing production capacity, investing in advanced technology, and creating job opportunities, LS Electric is shaping the future of smart energy solutions.


Stay connected with LS Electric for more updates on our energy transformation journey!



 
 
 

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