LS vice chairman highlights North America as cornerstone of global growth strategy

LS Group Vice Chairman Myung Roe-hyun underscored North America as central to the company’s global growth strategy, pledging to position the company at the forefront of the global power and energy industry through expanded investment in the region. During a 10-day visit to the United States beginning June 17, Myung met government officials and key stakeholders and inspected production sites, including the upcoming submarine power cable plant in Virginia, as the group ramps up its North American expansion, aiming to establish global leadership in power and energy. "North America represents an enormous opportunity, with decades of expansion expected to be driven by artificial intelligence (AI) data center buildouts, aging power grid upgrades and investments in renewable energy infrastructure," Myung said. "By concentrating the group's resources on our operations across 17 sites in nine U.S. states, including the Virginia submarine cable plant, and ensuring their successful execution, we aim to establish LS as a global leader in the power and energy industry." On June 18, Myung joined the