LS Designated as Unfaithful Disclosure Entity—Fined 8 Million Won
LS Corp. has been fined 8 million won ($6,000) and designated as an unfaithful disclosure entity by the Korea Exchange for failing to promptly report a major industrial accident at its subsidiary.
LS Corp. posted record revenue of 31.8 trillion won in 2023, with operating profit surpassing 1 trillion won for a second year, driven by strong global demand for power infrastructure and robust subsidiary performance.
#YonhapInfomax #LSCorp #RecordRevenue #OperatingProfit #PowerInfrastructure #GlobalOrders #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=103376
LS Reports Record Annual Revenue, Joins 1 Trillion Won Operating Profit Club for Second Consecutive Year
LS Corp. posted record revenue of 31.8 trillion won in 2023, with operating profit surpassing 1 trillion won for a second year, driven by strong global demand for power infrastructure and robust subsidiary performance.
LS Corp. has withdrawn its Essex Solutions IPO following strong shareholder opposition and criticism from President Lee Jae-myung, while announcing further treasury share cancellations and a major dividend hike to boost shareholder value.
#YonhapInfomax #LSCorp #EssexSolutions #IPOWithdrawal #TreasuryShareCancellation #DividendIncrease #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=101920
LS Abandons Essex Solutions IPO Amid Shareholder Backlash and Presidential Criticism
LS Corp. has withdrawn its Essex Solutions IPO following strong shareholder opposition and criticism from President Lee Jae-myung, while announcing further treasury share cancellations and a major dividend hike to boost shareholder value.
LS Corp. reaffirmed the Essex Solutions IPO as an unavoidable move to maximize group value, countering minority shareholder resistance and outlining plans for unique share allocations and enhanced shareholder returns.
#YonhapInfomax #LSCorp #EssexSolutions #IPO #MinorityShareholders #MarketCapitalization #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=101338
LS Says Essex IPO 'Inevitable'—Counters Minority Shareholder Pushback
LS Corp. reaffirmed the Essex Solutions IPO as an unavoidable move to maximize group value, countering minority shareholder resistance and outlining plans for unique share allocations and enhanced shareholder returns.
LS to Invest KRW 150 Billion in LS Cable & System Rights Offering for US Plant Construction
LS Corp. will invest KRW 150 billion in LS Cable & System’s rights offering to fund a new US submarine cable plant, boosting its stake and supporting a $3 billion US infrastructure push.
LS Corp. and L&F Co., Ltd. have completed a KRW 1 trillion ($730 million) precursor plant in Saemangeum, aiming to reduce China reliance and boost South Korea’s battery supply chain leadership.
#YonhapInfomax #LSCorp #LFCoLtd #PrecursorPlant #Saemangeum #BatteryMaterials #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=84128
LS-L&F Complete KRW 1 Trillion Precursor Plant in Saemangeum
LS Corp. and L&F Co., Ltd. have completed a KRW 1 trillion ($730 million) precursor plant in Saemangeum, aiming to reduce China reliance and boost South Korea’s battery supply chain leadership.
LS Corp. and Hanjin have signed a strategic partnership to jointly advance logistics infrastructure electrification and new power businesses, combining LS E-Link’s charging technology with Hanjin’s logistics network and planning large-scale EV charging and renewable energy projects nationwide.
#YonhapInfomax #LSCorp #Hanjin #LogisticsElectrification #EVCharging #RenewableEnergyProjects #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=83180
LS and Hanjin Strengthen Cooperation on Logistics Infrastructure Electrification and New Power Businesses
LS Corp. and Hanjin have signed a strategic partnership to jointly advance logistics infrastructure electrification and new power businesses, combining LS E-Link’s charging technology with Hanjin’s logistics network and planning large-scale EV charging and renewable energy projects nationwide.
LS Reports 37.1% Drop in Q2 Operating Profit, Revenue Rises 6%
LS Corp. posted a 37.1% year-on-year drop in Q2 operating profit despite a 5.9% rise in revenue, as lower smelting fees offset gains from power and export businesses.
LS Corp. is projected to post a 14% drop in Q2 operating profit due to subsidiary weakness, but analysts expect a rebound driven by new government energy policies and robust cable orders.
#YonhapInfomax #LSCorp #OperatingProfit #GovernmentPolicy #CableOrders #Q2Earnings #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=71479
LS Forecasts 14% Drop in Q2 Operating Profit—Rebound Expected on New Government Policies
LS Corp. is projected to post a 14% drop in Q2 operating profit due to subsidiary weakness, but analysts expect a rebound driven by new government energy policies and robust cable orders.
South Korea’s Lee Jae-myung administration is set to advance Commercial Act reforms and value-up policies, boosting holding companies, banks, and securities stocks as shareholder value and market transparency initiatives gain momentum.
#YonhapInfomax #CommercialAct #ShareholderReturns #LSCorp #KBFinancialGroup #ValueUpPolicy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=66007
[Lee Jae-myung Administration] Stronger Commercial Act Reform and Value-Up Policies—Holding Companies, Banks, and Securities Stocks Poised to Benefit
South Korea’s Lee Jae-myung administration is set to advance Commercial Act reforms and value-up policies, boosting holding companies, banks, and securities stocks as shareholder value and market transparency initiatives gain momentum.
Yonhap Infomax News