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Photograph 1) Bird’s-eye view of the plant of LS Greenlink, LS Cable & System’s U.S. subsidiary, in Virginia, U.S. 

Photograph 2) The attendants of the governor presentation event held by Hampton Roads Planning District Commission in Chesapeake, Virginia, U.S. on the 9th (local time) are posing for a photo. (From left) Caren Merrick, Secretary of Commerce and Trade for the Commonwealth of Virginia, Glenn Yongkin, Governor of Virginia, Koo Bon-kyu, CEO of LS Cable & System, and Shim Yun-chan, Head of International Cooperation, LS GreenLink 


■ Aiming for completion by 2027, will dominate U.S. submarine cable market through annual average growth of 30%
■ Largest-scale global cable maker project, approx. KRW 200 billion secured including IRA
■ Submarine cable business of LS Marine Solution and LS Eco Energy expected to accelerate


LS Cable & System announced on the 10th the construction of the largest submarine cable plant in the U.S. with an investment of approximately KRW 1 trillion.

This plant will have a total floor area of 70,000 m2 on a site measuring 396,700 m2 in the Elizabeth River basin in Chesapeake, East Virginia. The construction will commence in 2025 and be completed in 2027. The plant will also be equipped with a 200 m power cable production tower, the tallest in the world. 

Forecasting that the U.S. submarine cable market will grow at an annual average rate of at least 30% over the next ten years, LS Cable & System has developed a strategy to preemptively enter and thereby dominate the market. 

An LS Cable & System official said, “As most offshore wind power projects in the U.S. are being promoted along the East Coast, Chesapeake offers optimal conditions for bidding, shipping and transport.” 

LS Cable & System will receive a subsidy and tax benefits to a scale of approximately USD 48 million from the state government. The Company has secured funding of USD 147 million (approx. KRW 202.7 billion) in total, including IRA support of USD 99 million from the Department of Energy (DOE). This will make it the largest-scale project of a global cable company entering the U.S. market. 

“This state-of-the-art facility represents our commitment to pushing the boundaries of technology and engineering,” said President & CEO of LS Cable & System Bon-Kyu Koo. “This facility will not only enhance our capability to meet the growing global demands for submarine power cables, but will also position us at the forefront of the industry.”  

“LS GreenLink’s investment in Virginia will showcase the Commonwealth as a leader in offshore wind industry manufacturing,” said Governor Glenn Youngkin. “LS GreenLink has recognized that Virginia has the skilled talent, world-class logistics location, and business environment that will allow it to serve its growing global customers for submarine power cables.” 

“We are proud that LS GreenLink has chosen the Commonwealth of Virginia to build its submarine cable facility and become a partner in advancing our goal of becoming the market leader in offshore wind technology, development, and deployment,” said Secretary of Commerce and Trade Caren Merrick.  

With LS Cable & System embarking on this U.S. plant construction in earnest, the industry expects acceleration in large-scale cable laying ship building by LS Marine Solution and European submarine cable business promotion by LS Eco Energy.