# LS Electric to expand ultra-high voltage transformer plant in Busan

LS Electric plans to invest an additional 20.5 billion won ($15 million) to expand its ultra-high voltage transformer plant in Busan, South Korea, bringing total investment to 100.8 billion won. The expansion is scheduled for completion by September 2025, with annual capacity expected to grow from 200 billion won to 700 billion won by 2027.

- Type: Expansion
- Announced: 2024-08-14
- Where: Busan, South Korea, South Korea
- Value: $15.0M (20.5B KRW)
- Starts operating: Sep 2025
- Status: announced
- Capacity: annual capacity valued at 200 billion won currently, growing to 700 billion won annually by 2027
- Products: ultra-high voltage transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [LS Electric](https://endata.com/companies/15629.md)

## Sources

- [ajupress.com](https://www.ajupress.com/view/20240814094142037), 2024-08-14: "LS Electric plans to invest an additional 20.5 billion won ($15 million) to expand its plant for ultra-high voltage transformers in Busan."

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