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KRX:010120

14 stories mentioning KRX:010120Updated 3d ago

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Asia

LS Unit to Issue KRW500 Billion in Exchangeable Bonds

LS (KRX:006260) subsidiary LS Electric (KRX:010120) has decided to issue 500 billion won in private placement exchangeable bonds with a zero percent coupon rate, maturing on Nov. 9, 2031, according to a Korea bourse filing on Friday.The bonds are exchangeable into 1.9 million common shares of LS Electric at an exchange price of 270,000 won apiece, with an exchange period running from Nov. 10, 2026, to Oct. 9, 2031.The entire proceeds will be used for its North American investment and new business investment, with 400 billion won allocated for this year and 100 billion won for 2027.The bonds will be issued to designated purchasers, including Kiwoom Securities, KB Securities, and several private equity funds, with subscription and payment dates set for Nov. 9.

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Asia

LS Electric Plans KRW30 Billion Investment in Affiliate via Rights Issue

LS Electric (KRX:010120) said it plans to invest 30 billion won in its affiliate LS E-Mobility Solutions through a rights offering in a related-party transaction.The South Korean electrical equipment maker said it will subscribe for about 60 million new common shares as part of a paid-in capital increase in its 100% owned subsidiary, according to a Thursday filing with the Korea Exchange.The transaction is expected in September.

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Asia

LS Electric, GE Vernova Form JV to Strengthen Voltage-Source HVDC Business in South Korea

LS Electric (KRX:010120) said it signed a joint venture deal with US-based energy equipment maker GE Vernova, strengthening its competitiveness in the voltage-source converter high-voltage direct current business, according to a Wednesday release.The South Korean electrical equipment maker said the joint venture, to be named Grid X Technology, will develop joint offerings and strategies covering supply of key equipment and joint execution of HVDC projects in South Korea.The partnership will also establish a framework to support South Korea's power-grid development and expand HVDC business globally.

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Asia

LS Electric Secures KRW231 Billion Power Infrastructure Supply Contract in US

LS Electric (KRX:010120) secured a 230.9 billion won contract with LS Electric America to supply power infrastructure for data centers operated by major technology companies in the US, according to a Monday filing with the Korean Exchange.The South Korean electrical equipment maker said the contract runs from June 8, 2026, to Jan. 30, 2027, and is equivalent to 4.65% of its 2025 consolidated sales.The contract was amended on Aug. 21 to increase the contract value, with payments to be made based on invoices issued according to the delivery schedule for each product.Shares of the South Korean electrical equipment maker rose 2.57% in recent trade.

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Asia

LS Electric Signs $34 Million Data Center Equipment Supply Deal

LS Electric (KRX:010120) signed a $34.3 million supply contract with Bloom Energy to provide power distribution equipment for a hyperscale data center project in Wyoming, US.The South Korean company will supply key distribution systems, including low-voltage switchboards, for the project being developed by Bloom Energy for a local energy infrastructure company.The deal strengthens LS Electric's partnership with Bloom Energy as demand for data center power infrastructure grows.LS Electric said its North American data center business helped drive record second-quarter sales of 1.58 trillion won, and operating profit of 178.5 billion won.

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Asia

LS Electric Reports KRW69.9 Billion Derivatives Loss in H1

LS Electric (KRX:010120) reported a 69.9 billion won loss on currency forward and commodity futures contracts for the six months ended June 30, according to a Tuesday filing with the Korea Exchange.Increased volatility in foreign exchange rates and commodity prices led to the loss, which represented 3.26% of the company's 2.14 trillion won equity capital, the filing said.LS Electric entered into derivative contracts to manage risks arising from fluctuations in foreign exchange rates and commodity prices, it said.Shares of the power system and automated solution provider added nearly 2% in recent trade.

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Asia

LS Electric Secures Canadian Certification Status to Accelerate North American Market Push

LS Electric (KRX:010120) has secured accredited laboratory status from the Canadian Standards Association (CSA) for its Power Testing & Technology Institute, enabling direct in-house testing under CSA supervision.This accreditation significantly reduces both the time and costs associated with obtaining CSA certification, streamlining the process for power equipment products, according to a statement on Thursday.The CSA is a critical third-party certification body recognized across North America, with authority comparable to UL and TÜV for product safety marks.With surging North American demand driven by AI data centers, renewable energy integration, and aging grid replacement, this capability gives LS Electric a competitive edge in meeting strict local standards.By integrating CSA requirements early in product development, the company plans to accelerate order wins and expand its footprint in high-value power infrastructure markets.

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Research

Maquarie Upgrades LS Electric to Neutral from Underperform; Price Target is KRW170,000

LS Electric (KRX:010120) has an average rating of buy and mean price target of 261,055.56 won, according to analysts polled by FactSet.

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Asia

LS Electric Partners Infineon Technologies on DC Power for AI Data Centers

LS Electric (KRX:010120) and Frankfurt-listed Infineon Technologies agreed to collaborate on direct current power infrastructure for AI data centers and modern power grids, according to a statement on Monday.The memorandum of understanding will combine Infineon's semiconductor expertise with LS Electric's system integration strengths to develop key technologies, including solid-state transformers and solid-state circuit breakers. It will focus on power conversion systems for energy storage.

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Asia

LS Electric Unit to Supply Fuel Cell Power Systems to North American Data Centers; Shares Down 6%

LS Electric's (KRX:010120) US-based subsidiary, LS Electric America, won a contract from Bloom Energy to supply fuel cell-based power systems for North American data centers, according to a Friday filing with the Korea Exchange.The agreement, valued at 319 billion won, is valid until March 29, 2027.Shares of LS Electric fell over 6% in recent trade.

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Asia

LS Electric Unit Wins KRW319 Billion Fuel Cell Power Systems Supply Contract for Data Centers; Shares Rise 5%

LS Electric's (KRX:010120) US-based subsidiary LS Electric America secured a contract from Bloom Energy to supply fuel cell-based power systems for North American data centers, according to a Wednesday filing with the Korea Exchange.The contract, valued at 319 billion won, is valid until March 29, 2027.Shares of LS Electric rose nearly 5% in recent trade.

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Asia Markets

South Korean Shares Close at New High on Chip, Power Equipment Gains

South Korean shares closed at a new high on Monday, with the primary index crossing the 6,600 level amid a rally led by chip stocks and power equipment manufacturers.The Korea Composite Stock Price Index or Kospi rose 139.4 points, or 2.2%, to end at 6,615.03. The Kosdaq also increased by 22.34 points, or 1.9%, to close at 1,226.18.Shares of chipmakers such as Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added over 2% and nearly 6% at market close, while those of Kosdaq-listed Fadu (KOSDAQ:440110) jumped over 19%.Gains were also driven by shares of power equipment manufacturers LS Electric (KRX:010120) and Hyosung Heavy Industries (KRX:298040), which added nearly 13% and 11%, respectively.In corporate news, Fadu posted first-quarter net income of 10.2 billion won, rebounding from a net loss of 12.1 billion won a year earlier, according to a Monday filing with the Korea Exchange.The South Korean chipmaker's sales revenue surged 210% year over year to 59.5 billion won from 19.2 billion won.

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Asia

LS Electric's Net Attributable Income Jumps 73% in Q1

LS Electric (KRX:010120) posted first-quarter net income attributable to shareholders of 121.1 billion won, up 73% from 69.9 billion won the year earlier, according to a Tuesday filing with the Korea Exchange.Sales of the electric power equipment manufacturer were up 33% year over year to 1.376 trillion won from 1.032 trillion won.

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Asia

LS Electric Wins KRW170.3 Billion Power Infrastructure Supply Contract from US Subsidiary

LS Electric (KRX:010120) secured a power infrastructure supply deal from its US subsidiary LS Electric America, according to a Monday filing with the Korea Exchange.The contract, valid till Dec. 31, is valued at 170.3 billion. Under the deal, the South Korean electrical equipment manufacturer will supply switchgear and distribution transformers to LS Electric America, which has secured a North American hyperscale data center power infrastructure project, the filing said.Shares of LS Electric plunged more than 77% at market close.

KRX:010120

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