LS Cable & System to build rare-earth magnet plant in Korea

LS Cable & System has decided to establish a new rare-earth permanent magnet production facility in Korea, its first domestic plant for such magnets. The investment is projected to reach hundreds of billions of won, and a site will be selected in the first half of 2026.

“LS Cable & System has decided to establish a new rare-earth permanent magnet production facility in Korea and plans to select a site in the first half of this year.”businesskorea.co.kr

• 1 source
• businesskorea.co.krLS Cable Builds Korea’s First Rare-Earth Magnet Plant - BusinesskoreaJung Suk-yeeApr 6, 2026

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