LS Electric chief confident in winning mega AI data center deals

BAC NINH, Vietnam — LS Electric CEO and Chairman Koo Ja-kyun has expressed confidence in landing large-scale power solutions deals with major global tech companies, citing the firm’s strengths in fast product delivery and competitive pricing. The Korean power and automation systems provider is experiencing strong earnings growth, with annual sales nearly doubling over the past few years. LS Electric reported sales of 2.4 trillion won ($1.74 billion) in 2020, which surged to more than 4.5 trillion won in 2023, driven by increased demand for its electric equipment in North America and Southeast Asia. The company’s outlook remains strong, with major U.S. tech firms accelerating plans to build data centers in Asia to meet surging demand for artificial intelligence (AI) services. On Monday (local time), Koo emphasized LS Electric’s competitive edge over global rivals and shared ambitions to expand into the fast-growing market for data center power infrastructure. “We have core strengths in fast delivery to our clients,” Koo told reporters during his visit to the company’s manufaWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times