LS Cable & System won a contract worth 100 billion won to supply high- and low-voltage cables that will stretch 400 kilometers through Singapore, through 2021.
The orders have been placed by Singapore PowerGrid to replace aged high-voltage cables.
The replacement order is the second for LS Cable & System from the Singaporean government.
LS Cable & System accounts for 60 percent of Singapore's 200 billion-won high-voltage cable market and is the biggest cable provider in that Southeast Asian nation.
LS Cable & System President and CEO Myung Roe-hyun called the deal a valuable achievement, especially during a global economic slowdown where there is limited domestic demand.
The company credited its efforts transparency in operation and management of its business there and active technological support for clinching the deal.
Last month, LS Cable & System received a 66 billion won order for submarine cables from the United States.


SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 



