LS Cable to invest KRW 150 billion for 100% stake in Korea Motion Works

Bitget2026/09/30 10:41

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LS Corp. board on Sept. 29, 2026 resolved for unit LS Cable to invest KRW 150 billion in Korea Motion Works.
Transaction structured as an all-cash subscription for 150,000,000 shares, taking ownership to 100%.
Investment targets rare-earth permanent magnet manufacturing and sales, funding construction of a permanent magnet production plant.
Closing targeted for Dec. 31, 2026, with payment in installments; antitrust filing required.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LS Corp. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20260930801176), on September 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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LS Cable to invest KRW 150 billion for 100% stake in Korea Motion Works

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