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LS Marine Solutions to expand domestic and international subsea businesses in line with relocation of headquarters 2025-01-22


Photograph 1) (From the far right) Koo Bon-kyu, CEO of LS Cable & System/LS Marine Solutions, Kim Byeong-ok, CEO of LS Marine Solutions, Kim Hyeong-won, head of the Energy/Construction Division of LS Cable & System, and Lee Sang-ho, CEO of LS Eco Energy, at the LS Marine Solution headquarters in Dong-gu, Busan, on the afternoon of the 21st.



Photograph 1) Koo Bon-kyu, CEO of LS Cable & System/LS Marine Solutions (second from the left), Kim Byeong-ok, CEO of LS Marine Solutions (third from the left), Kim Hyeong-won, head of the Energy/Construction Division of LS Cable & System (far right), and Lee Sang-ho, CEO of LS Eco Energy (far left)


■ To collaborate with LS Cable & System to expand submarine cable business and strengthen global competitiveness
■ To respond to demand for expanded submarine construction capacity due to offshore wind power, IDCs, etc. 
■ To participate in large-scale domestic offshore wind power projects and enter overseas markets



LS Marine Solutions, Korea's No. 1 submarine cable installation company, announced on the 22nd that it had moved its headquarters from the KT Songjeong building in Busan to Jungang-daero in Dong-gu.

This relocation of the headquarters took place two years after the company changed its name from KT Submarine to LS Marine Solutions. It is expected to be a key turning point for expanding the company’s submarine cable business and strengthening its global competitiveness. 

The global Busan Port as well as a number of specialized companies in the marine industry are concentrated around Jungang-daero, and LS Marine Solution plans to strengthen its position in the domestic and international markets by using this area as a key base for expanding its submarine business.

“This relocation, which took place almost 30 years after the company started in the KT Songjeong building in 1997, was not just a simple physical move. It was an important milestone that will give shape to our vision and challenges,” said an official from LS Marine Solutions. “Through our collaboration with LS Cable & System, we will actively respond to the growing demand for submarine cable construction due to the expansion of offshore wind power and data centers, and achieve sustainable growth.”

LS Marine Solutions is considering building large-scale cable-laying ships with the goal of participating in large-scale domestic offshore wind power construction projects and advancing into overseas markets, including Taiwan and the United States.

The new headquarters has expanded break rooms to increase work efficiency and create a more comfortable working environment, and is equipped with state-of-the-art video conferencing facilities to enhance communication and collaboration.
 
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