# 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.

- Type: New facility
- Announced: 2026-04-06
- Where: South Korea, South Korea
- Status: announced
- Products: rare-earth permanent magnets
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [LS Cable & System](https://endata.com/companies/21025.md)

## Sources

- [businesskorea.co.kr](https://www.businesskorea.co.kr/news/articleView.html?idxno=267143), 2026-04-06: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.