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LS Group

Company nameLS Group
Company typePublic (traded on the Korea Stock Exchange)
IndustryConglomerate
Founded1936
HeadquartersAnyang, South Korea
Key peopleJohn Koo: Chairman
Revenue$19,150 million(2008)* Based upon a KRW=USD exchange rate of 1,100KRW per USD,the spot rate as of December 31, 2008.
Net income$1,205 million (2008)
Total assets$12,836 million (2008)
SubsidiaryLS Cable, LS Mtron, LS-Nikko Copper, LS Industrial Systems etc.

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LS Group is a Korean Jaebeol (conglomerate). It is composed of LS Corp. (see below), Gaon Cable, E1 (LPG), YESCO (LNG) and LS Asset Management (formerly Delta Asset). "LS Corp." is a holding company, which comprises LS Cable (power & communications cables; #3 cable mfg. in the world), LS Industrial Systems (electrical equipment & automation systems), LS-Nikko Copper (copper smelter & refiner) and LS Mtron (machinery & components).

LS Group was 'spun off' from LG Group in 2003. LS has approximately $20bn in revenue worldwide with about 40 subsidiaries. The Company is controlled by the Koo family, the founding family of LG Group.

LS means "leading solution".


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