DONGHAE, Gangwon Province ― The growing importance of renewable energies is making offshore wind farms more popular worlwide. Subsequently, LS Cable and System s competition with global rivals is getting fiercer, according to Korea s leading submarine cable manufacturer, Sunday.
Korean maritime project developer LS Marine Solution achieved the highest sales in the company s history during the first six months of this year. This success signals rising demand for maritime construction projects to build more renewable energy power plants in the country s coastal waters.