LS Marine Solution Relocates to Busan Port... Expanding Global Underwater Business

"A Key Base for Expanding Subsea Business"

LS Marine Solution has relocated its headquarters to 'Busan Port.' This move reflects its determination to establish a key base for expanding its global subsea business.

On the 22nd, LS Marine Solution announced that it had moved its headquarters from Busan KT Songjeong Building to Dong-gu Jungang-daero. This relocation comes two years after changing its name from KT Submarine to LS Marine Solution. The company emphasized that this would be an important turning point for expanding its subsea business and strengthening global competitiveness.

On the afternoon of the 21st, at the LS Marine Solution headquarters in Dong-gu, Busan, (from right) Koo Bon-gyu, CEO of LS Cable & LS Marine Solution, Kim Byung-ok, CEO of LS Marine Solution, Kim Hyung-won, Head of Energy/Construction Business Division at LS Cable, and Lee Sang-ho, CEO of LS Eco Energy, are posing for a commemorative photo. Photo by LS Cable

Jungang-daero is an area known for Busan Port, a global harbor, and is densely populated with various marine industry specialists. LS Marine Solution plans to use this location as a core base for expanding its subsea business and strengthening its domestic and international presence.

An LS Marine Solution official stated, "This move marks about 30 years since starting at KT Songjeong Building in 1997," adding, "It will be an important milestone that concretizes our vision and challenges beyond a simple physical relocation." The official also said, "In cooperation with LS Cable & System, we will actively respond to the increasing demand for subsea cable installation driven by the expansion of offshore wind power and data centers, achieving sustainable growth."

Earlier, in August 2023, LS Cable & System acquired shares of KT Submarine to strengthen subsea cable installation capabilities, becoming the largest shareholder and subsequently changing the company name to LS Marine Solution.

This content was produced with the assistance of AI translation services.