LS Cable units hit records on AI infrastructure boom

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.

Gaon 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.

Gaon Cable reported consolidated revenue of 1.63 trillion won, up 27.3 percent from a year earlier.

Operating profit jumped 41.8