Summary
LS Group belongs to the wider LG family, established by the late founder of LG Group, Koo In-hwoi, who collaborated with his brother-in-law (Huh Man-jung, founder of GS Group) and his five brothers. The group was officially launched in November 2003 by the fourth brother, Koo Tae-hwoi, honorary chairman of LS Cable & System, and his younger brothers, Koo Pyong-hwoi, honorary chairman of E1, and Koo Doo-hwoi, honorary chairman of YESCO.
Centered around its holding company, LS Corp., LS Group consists of 47 subsidiaries including LS Cable & System (cables, power, and communications), LS Electric (power, automation, and IT), LS Mtron (machinery and parts), LS MnM (metals and precious metals), LS I&D (real estate and overseas investment), and LS Global (global operations). Among these subsidiaries, seven are publicly listed: LS Corp., E1, LS Electric, YESCO Holdings, Gaon Cable, LS Networks, and LS Cable & System Asia.
Timeline
▲ 1936 = Established Janghang Smelter Factory (currently LS-Nikko Copper).
▲ 1947 = Established Kukje Cable (currently Gaon Cable), the first cable company in Korea.
▲ 1962 = Established Korea Cable Industry (currently LS Cable & System).
▲ 1974 = Established Lucky Packing (currently LS ELECTRIC).
▲ 1981 = Established Kukdong City Gas (currently YESCO).
▲ 1983 = Acquired Gunpo Factory of Korea Heavy Industries (currently LS Mtron).
▲ 1984 = Established Yosu Energy (currently E1).
▲ 1999 = Merged LG Metal with Japan Korea Joint Smelting (JKJS) to establish LG-Nikko Copper (currently LS-Nikko Copper).
▲ 2000 = E1 completed construction of 2nd LPG import terminal in Incheon, Korea.
▲ 2003 = Spun off from LG Group.
▲ 2005 = Announced New CI.
▲ 2005 = Completed LS Industrial Complex in Wuxi, China.
▲ 2007 = E1 acquired Kukje Corporation (currently LS Networks).
▲ 2008 = Completed LS Tower.
▲ 2008 = Transformed into holding company.
▲ 2009 = Opened LS Future Center.
▲ 2010 = LS Industrial Systems (currently LS ELECTRIC) completed an ultrahigh voltage transformers factory in Busan.
▲ 2011 = Announced LS Management Philosophy “LSpartnership.”
▲ 2013 = LS 10th Anniversary; Opened LS History Museum.
▲ 2014 = LS Group declared a renewed dedication to corporate compliance.
▲ 2016 = LS C&S Asia IPO completed.
▲ 2017 = LS Group commended by VUFO for excellent social contributions.
▲ 2018 = SPSX Opens New Facility in Serbia; LS C&S completes the construction of the Myanmar power cable plant.
▲ 2019 = LS C&S completes construction of Polish plant, a European bridgehead.
▲ 2019 = LS C&S is the world’s first to commercialize superconductive cables.
▲ 2020 = LSIS changed its corporate name to LS ELECTRIC.
▲ 2020 = LS Cable & System signs framework agreement with the world’s No. 1 offshore wind leader for high voltage export cables.
▲ 2021 = LS Group launched ESG Committee.
▲ 2021 = LS ELECTRIC has been selected World Lighthouse Factory.
▲ 2021 = LS-Nikko Copper received “Copper Mark” certification.
▲ 2022 = LS Group established LS E-Link for EV Charging business; LS C&S holds submarine cable laying vessel launch ceremony.
▲ 2022 = LS-Nikko Copper to change its corporate name to LS MnM.
▲ 2023 = Announced LS group’s Future Blueprint ‘VISION 2030′.
▲ 2023 = Completed “Nickel Sulfate” factory.
