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Korea Herald
a day ago
- Automotive
- Korea Herald
LS Electric ramps up Vietnam strategy as ASEAN demand surges
Korean firm highlights power conversion, smart factory solutions at Vietnam's premier electrical industry expo Korea Herald correspondent HANOI, Vietnam — LS Electric presented its advanced electric solutions for sustainable energy transition at Elecs Vietnam 2025, underscoring the growing importance of the ASEAN region as its second-largest market after North America. 'Southeast Asia stands out as a crucial market for us and continues to grow,' said Kim Jong-woo, chief operating officer of LS Electric, during a media briefing at the company's exhibition booth on Wednesday. 'In Vietnam, where we expanded our production facility three years ago, we are now increasing its manufacturing capacity. Our goal in Southeast Asia is to win more local projects by expanding local production capabilities, like we've done in Vietnam.' Highlighting 'K-electricity' as a new buzzword following 'K-food' and 'K-culture,' Kim added that LS Electric aims to strengthen its production, engineering and service maintenance capabilities to drive both organic and inorganic growth in the ASEAN market, which also serves as a strategic export hub for North America and the Middle East. LS Electric was the first among Korean heavy electrical equipment manufacturers to enter Vietnam, making its debut in the 1990s. It has since maintained dominance in the local low-voltage power equipment market, boasting a 45 percent market share as of last year. Tran Viet Cuong, deputy director of Consrich Vietnam, a power distribution panel manufacturer, said his company has maintained business ties with LS Electric for over 20 years, primarily due to its strong brand recognition. 'Although we've also used products from HD Hyundai Electric, LS Electric's Korean rival, which is more competitively priced, LS still has a stronger presence in Vietnam,' Cuong noted. 'LS Electric also stands out for its delivery speed. Even during the COVID-19 pandemic, while Japan's Mitsubishi faced production delays, LS maintained efficient operations through its local distribution network.' Building on the trust of its client companies, LS Electric is pioneering the next-generation electric solutions market in Vietnam. This sector is also in line with the Vietnamese government's commitment to expanding power infrastructure as a key driver of economic growth. Notably, the power equipment supplier focuses on 'energy storage systems,' a crucial component for stabilizing the rising power demand. The ESS largely consists of a battery and power conversion systems. 'While battery manufacturers are venturing into the ESS sector, it has traditionally been the domain of electric companies, which are in charge of the PCS to ensure stable management of the power system,' said an LS Electric official. LS Electric's Bac Ninh facility in Hanoi supplies PCS for Samsung SDI's Samsung Battery Box, a utility-scale ESS that is fully contained within a standardized shipping container. LS Electric also looks to provide smart factory solutions, already integrated in its Cheongju plant in South Korea, for Vietnamese manufacturing companies, including real estate developers. Last year, the company signed an agreement to build a smart factory for Becamex's industrial complex in Binh Duong. 'We are already targeting smart factory markets in Europe, particularly Germany,' said another LS Electric official. 'Our solutions enable full automation of the equipment, with facility data being uploaded via (Internet of Things) for monitoring within a digital twin. This setup allows for remote quality inspections and operations. It can improve the efficiency of the equipment by accumulating and analyzing collected data.'
Korea Herald
2 days ago
- Business
- Korea Herald
Twice as fast, more affordable: LS Electric takes on US power giants
Chairman Koo Ja-kyun eyes US data center boom with speed, custom solutions HANOI, Vietnam — LS Electric Chairman and CEO Koo Ja-kyun is spearheading efforts to strengthen the company's foothold in the US power systems market, buoyed by the rapid expansion of the artificial intelligence-driven data center industry. 'Compared to the Big Four power system suppliers in the US — Schneider Electric, Siemens Energy, Eaton Corporation and ABB — LS Electric delivers to clients more than twice as fast and at more competitive prices,' Koo said during a group interview at LS Electric's Bac Ninh plant in Hanoi, Vietnam. Koo was visiting the country ahead of the Elects Vietnam 2025 exhibition, scheduled for July 16-18 in Ho Chi Minh City. The surge in AI-powered digital services across industries since the COVID-19 pandemic has driven global tech giants to accelerate investments in AI data centers. Koo emphasized that LS Electric is targeting this market, which requires server racks equipped with high power-density distribution systems — a sector where legacy US power companies have struggled to meet soaring demand. Previously, LS Electric's main clients in North America were manufacturing plants and utility providers, which together account for around 50 percent of the company's total sales. To expand its reach, the company is considering acquiring US-based power distribution panel suppliers to gain deeper access to what Koo described as a 'surprisingly conservative' electrical market — one where customers often remain loyal to the same suppliers for decades, in contrast to the fast-moving IT industry. In the meantime, LS Electric has steadily gained ground by servicing and customizing products originally supplied by US competitors, winning over big tech clients in the process. It also conducts performance testing at its Power Testing & Technology Center located within its Cheongju plant in Korea. 'Our 'fast and precise' customization strategies are gaining attention from US clients, with some even requesting exclusive supply agreements,' said Koo, noting the company is beginning to establish a track record in an industry traditionally dominated by local players. LS Electric is also the first Korean company to complete UL certification for its power distribution panels — a requirement often necessary in the US to meet safety and performance standards. Looking ahead, Koo said that transitioning from alternating current (AC) to direct current (DC) power systems could be South Korea's next major growth opportunity, likening it to the country's approximately 32-year transition from 110V to the globally adopted 220V standard, known for its higher efficiency. 'The market for DC products is rapidly expanding,' Koo noted. 'Key technologies — including energy storage systems, solar and wind power — all operate on DC. While DC is typically converted to AC for usage, using DC directly eliminates the energy loss during conversion. This global trend toward DC systems presents a major opportunity for South Korea to lead in the future of the power industry.' 'Electricity powers AI competitiveness — and AI boosts national competitiveness,' he added. As part of its strategy to expand in the North American market, LS Electric in April completed construction of its first US manufacturing and R&D facility in Bastrop, Texas. The company plans to begin production of medium- and low-voltage power equipment and distribution systems for local AI data centers within this year — a move aimed at increasing market share while mitigating tariff pressure in the US.
Korea Herald
10-07-2025
- Business
- Korea Herald
LS Electric to showcase next-gen power solutions at Elecs Vietnam 2025
LS Electric said Thursday it is participating in the upcoming Elecs Vietnam 2025 exhibition, bolstering its efforts to penetrate the ASEAN power solutions market. At the event, scheduled for July 16 to 18 at the Saigon Exhibition and Convention Center in Ho Chi Minh City, LS Electric will present its next-generation power management system integrated with a smart grid distribution solution and ultra-high voltage transformers. Leveraging its world-leading manufacturing capabilities in power electronics-based inverters known for high energy efficiency, the company plans to showcase an advanced energy storage system platform alongside locally tailored ESS products. A key feature of this platform is the modularization of its power electronics building block in 200-kilowatt units, allowing for easy power scaling and flexible applicability without needing to redesign the entire system. Additionally, LS Electric will unveil IoT-based digital technology solutions for energy optimization, including its digital twin smart factory platform, 'Smart Management Insight,' asset management systems, the energy efficiency management platform 'GridSol CUBE,' and the power facility integrated management platform 'GridSol CARE.' The company will also introduce the 'LS SHE (Safety, Health, Environment) with AI' platform, an artificial intelligence-based safety control solution that integrates and analyzes real-time data from smart safety devices and camera monitoring. LS Electric aims to expand its presence in the ASEAN power infrastructure market, capitalizing on Vietnam and Indonesia as strategic bases. Vietnam, in particular, has been pushing for renewable energy generation projects under its 8th Power Development Plan, launching policies to build smart grids for enhanced efficiency and stability. Since entering Vietnam in the mid-1990s, the company has maintained its leadership position with a market share exceeding 40 percent in the low-voltage power equipment sector since 2013. In 2023, LS Electric significantly increased its production capacity in Vietnam from $25 million to $40 million annually by relocating its Bac Ninh facility to the Yen Phong Industrial Complex. The company has diversified its business across the entire power system industry by acquiring Symphos, an Indonesian power equipment supplier, and expanding into high-end products such as ultra-high voltage gas-insulated switchgear. 'We aim to solidify our position as the leading company in Vietnam -- a top-three market for Korean power suppliers -- and firmly establish our business capabilities for ASEAN customers,' stated an official from LS Electric. 'With aggressive investments in local power systems and high-end strategic products such as transformers and ESS, we will deepen our reach into the ASEAN region, emerging as a global data center hub.'
Korea Herald
12-06-2025
- Automotive
- Korea Herald
LS Electric, Spain's Power Electronics partner to expand in North American energy market
LS Electric, a Korean producer of power solutions, announced Thursday that it signed a memorandum of understanding with Power Electrics, a specialist in power conversion systems, ramping its efforts to penetrate the North American power market. The agreement was signed at Power Electronics' headquarters in Valencia, Spain, and marks a strategic collaboration focused on the supply of key power equipment, including transformers for energy storage systems. Executives from both companies, including LS Electric Chairman Koo Ja-kyun and Power Electronics CEO David Salvo, attended the signing ceremony. Power Electronics is recognized as a global leader in the renewable energy sector, particularly in North America, where it holds around 60 percent market share in PCS for solar and ESS projects. With over 2,800 solar and 315 ESS projects under its belt, the company has surpassed 120 gigawatt-hours in cumulative PCS installations worldwide. Under the agreement, LS Electric will prioritize Power Electronics' high-capacity PCS in its ESS projects across North America and Asia. In return, Power Electronics will expand the use of LS Electric's advanced distribution transformers and other power solutions in its renewable energy initiatives. 'Amid the turning point of power market trends driven by the energy transition, we expect to significantly upgrade our business competitiveness by strengthening partnerships with global top players,' a company representative stated. 'We will actively pursue business development in rapidly growing renewable energy markets such as North America and Europe to achieve visible outcomes.'
Yahoo
09-06-2025
- Business
- Yahoo
Asian Stocks Trading Below Estimated Fair Value
As global markets experience fluctuations, with China's stock markets advancing on hopes of government stimulus and Japan's indices facing slight declines amid trade uncertainties, the Asian market landscape presents a mixed picture for investors. In this environment, identifying stocks trading below their estimated fair value can offer potential opportunities for investors seeking to capitalize on undervaluation. Name Current Price Fair Value (Est) Discount (Est) Taiyo Yuden (TSE:6976) ¥2420.00 ¥4746.14 49% Lucky Harvest (SZSE:002965) CN¥41.69 CN¥81.92 49.1% Kanto Denka Kogyo (TSE:4047) ¥843.00 ¥1678.38 49.8% Heartland Group Holdings (NZSE:HGH) NZ$0.78 NZ$1.56 49.9% Good Will Instrument (TWSE:2423) NT$44.20 NT$87.29 49.4% Fuji (TSE:6134) ¥2247.50 ¥4448.27 49.5% Ficont Industry (Beijing) (SHSE:605305) CN¥26.48 CN¥52.37 49.4% Dive (TSE:151A) ¥924.00 ¥1813.20 49% cottaLTD (TSE:3359) ¥436.00 ¥859.36 49.3% BalnibarbiLtd (TSE:3418) ¥1162.00 ¥2283.94 49.1% Click here to see the full list of 300 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. Below we spotlight a couple of our favorites from our exclusive screener. Overview: LS ELECTRIC Co., Ltd. offers smart energy solutions both in South Korea and internationally, with a market cap of ₩7.69 trillion. Operations: The company's revenue is primarily derived from its Power Sector at ₩4.14 billion, followed by the Metal Sector at ₩654.23 million, Automation Division at ₩607.47 million, and IT Sector at ₩122.17 million. Estimated Discount To Fair Value: 26.5% LS ELECTRIC is trading at ₩259,000, significantly below its estimated fair value of ₩352,451.35. The company's earnings are expected to grow by 24.92% annually over the next three years, outpacing the Korean market's average growth rate of 20.7%. Although its Return on Equity is forecasted to be low at 18.4%, LS ELECTRIC's revenue growth of 10% per year surpasses the market average of 7%, highlighting solid cash flow potential amidst undervaluation concerns. Upon reviewing our latest growth report, LS ELECTRIC's projected financial performance appears quite optimistic. Take a closer look at LS ELECTRIC's balance sheet health here in our report. Overview: Lingbao Gold Group Company Ltd. and its subsidiaries focus on the mining, processing, smelting, refining, and sale of gold products in China with a market capitalization of approximately HK$15.96 billion. Operations: The company's revenue is primarily derived from its smelting operations, which account for CN¥12.04 billion, followed by mining activities in the People's Republic of China at CN¥2.31 billion, with additional contributions from retailing at CN¥8.53 million and mining in the Kyrgyz Republic at CN¥257.32 million. Estimated Discount To Fair Value: 35.6% Lingbao Gold Group is trading at HK$12.4, significantly below its estimated fair value of HK$19.25, with earnings expected to grow by 37.8% annually over the next three years, surpassing the Hong Kong market's average growth rate of 10.4%. Despite high debt levels and recent share price volatility, Lingbao benefits from robust cash flow driven by increased gold output and improved operational efficiency amid rising gold prices, positioning it as an undervalued opportunity based on cash flows in Asia. The analysis detailed in our Lingbao Gold Group growth report hints at robust future financial performance. Navigate through the intricacies of Lingbao Gold Group with our comprehensive financial health report here. Overview: Gold Circuit Electronics Ltd. is a Taiwan-based company specializing in the design, manufacture, processing, and distribution of printed circuit boards with a market cap of NT$131.65 billion. Operations: The company's revenue primarily comes from the manufacturing and sales of printed circuit boards, totaling NT$41.95 billion. Estimated Discount To Fair Value: 19.1% Gold Circuit Electronics, trading at NT$270.5, is undervalued relative to its estimated fair value of NT$334.31. Its earnings are forecast to grow significantly at 22% annually, outpacing the Taiwan market's average growth of 13.7%. Recent Q1 results show robust sales and net income growth year-over-year, although dividend coverage by free cash flow remains inadequate. Despite high non-cash earnings and share price volatility, it presents a compelling case for undervaluation based on cash flows in Asia. Our growth report here indicates Gold Circuit Electronics may be poised for an improving outlook. Delve into the full analysis health report here for a deeper understanding of Gold Circuit Electronics. Reveal the 300 hidden gems among our Undervalued Asian Stocks Based On Cash Flows screener with a single click here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSE:A010120 SEHK:3330 and TWSE:2368. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
