# LS Electric to invest 100.8 billion won expanding Busan plant

LS Electric signed an MOU with Busan City to invest 100.8 billion KRW to expand its Busan plant. The expansion will add two VPD facilities and advanced production lines, increasing annual production capacity from 200 billion KRW to about 700 billion KRW and creating over 330 new jobs.

- Type: Expansion
- Announced: 2025-02-26
- Where: Busan, South Korea
- Value: $75.6M (100.8B KRW)
- Jobs: 330
- Starts operating: 2025
- Status: announced
- Capacity: annual production capacity from 200 billion KRW to about 700 billion KRW
- Products: ultra-high voltage transformers, HVDC equipment, power infrastructure solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

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

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2025022610235996386), 2025-02-26: "LS Electric plans to invest 100.8 billion KRW to expand the factory on approximately 4,000 pyeong of idle land next to the ultra-high voltage production building at the Busan plant."

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