Gaon Cable Achieves Record-High First Half Results... Operating Profit Up 42% Year-on-Year

Sales Reached KRW 1.633 Trillion, Operating Profit at KRW 64 Billion
U.S. AI Data Center and Power Grid Investments Expand
U.S. Production Subsidiary Expected to Double Sales

Gaon Cable achieved its highest-ever performance in the first half of 2026, driven by growth in the U.S. power infrastructure market and expanded exports.

The company announced on July 20 that its consolidated preliminary sales for the first half of this year reached KRW 1.633 trillion, with operating profit totaling KRW 64 billion. These figures represent increases of 27.3% and 41.8% year-on-year, respectively, marking record-high semiannual results for both sales and operating profit. Notably, the growth rate of operating profit far outpaced that of sales, signaling a full-scale improvement in profitability due to the ongoing shift toward a high value-added product portfolio.

Exterior view of Gaon Cable Gunpo Plant. Gaon Cable.

This performance was driven by increased demand for cables and bus ducts amid growing investments in U.S. AI data centers and renewable energy. Gaon Cable's distribution cable exports have steadily risen, benefiting from supply shortages and expanded power grid investments in the United States.

The growth trajectory of its U.S. production subsidiary, LSCUS, also continues. With greater supplies of cables to AI data centers and solar power plants, this year's sales are projected to nearly double compared to the previous year. Additionally, in collaboration with LS Cable, Gaon Cable has supplied bus ducts to major U.S. big tech AI data centers, establishing itself as one of the global top five bus duct suppliers, according to the company.

Gaon Cable plans to further expand exports of high value-added products to the U.S. market while leveraging its local production base to strengthen both customer responsiveness and supply competitiveness.

Jung Hyun, CEO of Gaon Cable, said, "Structural growth in the U.S. power infrastructure market continues, centered on investments in AI data centers and the power grid," adding, "Based on the expansion of head office exports and the growth of LSCUS, we will continue to drive sales growth and profitability improvement in the second half of the year."

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