Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
LS Cable & System is hastening its efforts to beef up its new business with LS Materials, one of its affiliates. The South Korea-based industrial corporation with global operations and one of the biggest cable manufacturers worldwide revealed its plans this week. LS Cable & System’s LS Materials unit is a firm that specializes in ultracapacitors that started research and development (R&D) at LS C&S in 2002. As mentioned in The Korea Times, an ultracapacitor is a special industrial battery that offers several advantages, including a long life span and fast charging.
Mostly, this type of battery is used for wind power generators, electric vehicles, automated guided vehicles, uninterruptible power supplies, and factory automation. The company is said to be growing as it saw an average annual sales of more than 30%, which was attributed to the exports of ultracapacitors to the United States for wind turbines.
With the growth, LS C&S decided to raise its investment in this ultracapacitor business since it believes this market will grow to trillions of won once the batteries are made a permanent fixture as EV parts that can supply emergency power and assistance devices.
Moreover, the batteries used for wind power generators are required to be replaced every two to three years but if operators install ultracapacitors instead, there will be no need for replacements every few years because this can provide uninterrupted power for more than 15 years.
"The ultracapacitor market is growing at a rapid pace due to the expansion of the special battery potential utility in the field of electric vehicle and wind power industries,” an official of LS C&S said in a statement. “Ultracapacitors have a wide range of applications as they can compensate for shortcomings of existing secondary batteries."
Meanwhile, LS Cable & System is also boosting its other units, and in fact, it was reported just last week that it has shored up its undersea cable business by acquiring a 16% stake in KT Submarine. The deal will help both LS C&S and KT Submarine in securing a competitive edge in the global renewable energy market.
