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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

LS C&S to enter S. American undersea cable market

By Korea Herald

Published : March 13, 2013 - 20:08

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LS Cable & System said Wednesday that it won a 200 billion won ($182 million) contract to supply 230kV extra- high-voltage undersea cables to Venezuela’s state-run power firm, Corpoelec, becoming the first Korean firm to enter the submarine cable market in South America.

The company said the successful bid proved its capabilities as a general engineering company for submarine power cable systems.

With the rising demand for electric power in South America boosting electric cable sales, LS C&S is expected to get more contracts with other countries in the region, company officials said.

(amazingij@heraldcorp.com)

Korea Herald
Korea Herald
Articles by Korea Herald

LS C&S to enter S. American undersea cable market

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