LS Electric (010120.KS) Chairman Koo Ja-kyun visited a company production site and urged employees to pursue "top quality and an unrivaled lead" to dominate the global power equipment market. He also pledged a "labor-management one team" approach to strengthen competitiveness while commending employees for their dedication.
Koo visited LS Electric's Cheongju plant in North Chungcheong Province, the company's export hub for data center power distribution solutions, on Wednesday. "Simply meeting customers' stringent standards is not enough," he said. "We must thoroughly overwhelm our global partners with advanced smart manufacturing capabilities." He added, "The U.S. market does not tolerate even the slightest margin of error when it comes to next-generation power grids such as direct current (DC) distribution. The highest level of high-end quality and flawless delivery responsiveness are essential."
Koo's on-site management came as LS Electric's power equipment exports surge amid the expansion of the hyperscale data center market in the United States. Over the past two months, LS Electric has secured five orders for power equipment for U.S. Big Tech data centers, accumulating $539.23 million (approximately 813.2 billion won) in work.
Touring the smart factory and the production lines for switchboards and high-voltage circuit breakers, Koo assessed that the current "power super cycle" will be an inflection point for LS Electric to leap into a global top-tier company. "The global power market has entered a massive transition period, and this is an opportunity we cannot afford to miss," he said. "We must secure unparalleled technological capabilities that exceed our partners' expectations."
He also promised bold investment for innovation. "We will spare no preemptive investment to support bold innovation that breaks through limits," Koo said. "Through overwhelming technological innovation, we will lead a new paradigm in the global power ecosystem."
He continued, "No matter how outstanding our technology or how bold our investments, the dream of becoming the 'global No. 1' cannot be achieved without the dedication of those of you on the front line. Labor and management must become an unwavering, solid one team to ride this wave of a great leap forward together." LS Electric plans to accelerate production line expansion and technological innovation following Koo's on-site management visit.
