LS Cable & System CEO Koo Bon-kyu, a third-generation leader of South Korea’s LS Group, is set to make a strategic push into the U.S. offshore wind market this month. The executive will attend the groundbreaking ceremony for a new $1 billion submarine cable factory in Virginia before delivering a keynote speech at IPF25, North America’s premier offshore wind conference, as part of LS’s ambitious plan to establish the U.S. as its “second domestic market.”
Koo will address “Americanizing the Supply Chain” at the April 29 opening session of IPF25 in Virginia Beach, outlining how LS GreenLink – LS Cable’s subsidiary – will leverage Trump-era manufacturing incentives and tax cuts to build a localized supply chain. The conference, running through May 1, gathers industry leaders including Dominion Energy, RWE, Siemens Energy, and Ørsted, with LS GreenLink participating as a host sponsor to showcase its cable technologies.
The Virginia facility, spanning 96.62 acres (equivalent to 70 soccer fields), represents one of the largest investments by a global cable maker in the U.S. market. Scheduled to begin production in 2028, the plant will manufacture high-voltage direct current (HVDC) cables critical for offshore wind farms, supported by $147 million in state incentives – the largest package ever awarded to a cable manufacturer in the sector.
Koo’s U.S. tour underscores LS’s aggressive pivot toward renewable energy infrastructure. Since announcing plans last September to become America’s top submarine cable provider by 2028, the company has targeted $10 billion in cumulative revenue by 2030 from its U.S. operations. The strategy aligns with growing demand for homegrown components under the Biden administration’s offshore wind targets and potential Trump administration policies favoring domestic manufacturing.
