# LS Electric acquires 51% stake in KOC Jeongi for 59.2 billion KRW

LS Electric's board approved a 59.2 billion KRW investment to acquire a 51% stake in KOC Jeongi, a South Korean transformer manufacturer, to expand ultra-high voltage transformer capacity and target the global power infrastructure market.

- Type: Acquisition
- Announced: 2024-05-23
- Where: Busan and Ulsan, South Korea
- Value: $43.0M (59.2B KRW)
- Status: announced
- Capacity: ultra-high voltage transformer CAPA worth 500 billion KRW by 2026
- Products: ultra-high voltage transformers, ship-specific transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [LS Electric](https://endata.com/companies/15629.md) (acquirer)
- [KOC Jeongi](https://endata.com/companies/77610.md) (target)
- [KOC Electric](https://endata.com/companies/77632.md) (target)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2024052317281346122), 2024-05-23: "By acquiring a strong and solid SME with the highest domestic technological capabilities, we can maximize synergy in the ultra-high voltage transformer business."
- [mk.co.kr](https://www.mk.co.kr/en/business/11023598), 2024-05-24: "LS Electric announced that it had decided to invest a total of 59.2 billion won to purchase a 51 percent stake in KOC Electric, a small and medium-sized transformer company in Korea, at a board meeting held at its Busan site."

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